Validian Corp (fka VLDI)

[Surwin]

That is so true and at the same time so sad for the few that still believe after 25 years of failures to produce a single ongoing revenue producing client. Also so sad that they will be not able to sell unregistered securities. Let see a blast from the past to see if you can believe anything Bruce says:

OTTAWA, Nov. 9, 2010 (GLOBE NEWSWIRE) -- Validian Corporation, (OTCBB:VLDI), a world wide leader in the software based policy management and protection of digital information and assets is pleased to announce a confirmed sale of its Validian Protect product. The customer, a U.S. based IT / Accounting Services company, has requested to remain anonymous at this time due to its focus on U.S. Government and large corporate IT contracts. Validian has received an initial payment of $156,000 USD as a license fee for the installation of its Validian Protect server plus support for 100 user seats. Validian expects this initial sale will expand to support more than several thousand user seats, and ultimately lead to additional sales to the clients of this Regional IT / Accounting firm.

The funds received have been recorded by Validian as deferred revenue and will be booked as revenue upon delivery and acceptance testing of the initial installation of Validian Protect by this IT firm. Delivery is expected in Q1 2011.

Validian management estimates this sale will provide much of the revenue for its 2011 annual cash flow breakeven of $700,000. Validian's investors are supporting Validian to increase expenses to achieve expected revenue growth from opportunities currently in the Validian Sales Opportunities pipeline.

Validian has been very active developing new products during the recent economic downturn in anticipation of a boom in the policy management and secure protection of digital information and assets now underway. Validian is planning more exciting announcements in the very near future.

Guess what it was never taken into revenue!