Negotiations are ongoing in the development of a

Negotiations are ongoing in the development of a term sheet; however, the general parameters of the financing package have been discussed and agreed to in principal by both parties. Virogen will use the proceeds from this financing to assist the company in its worldwide expansion and acquisition of contracts that the company believes can generate millions in revenue. Management believes that multinational corporations and governments worldwide are looking for and willing to pay for innovative security solutions to address the epidemic of data breaches.

$VRNI