Veteran Capital Corp V.VCC.P

Vendome Cap (VCC.P)News Release..

[sueron]

Oct 18, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Toronto, Ontario CANADA, October 17, 2007 /FSC/ - Vendome Capital Corp. (VCC.P - TSX Venture), ('Vendome' or the 'Corporation'), a capital pool company ('CPC'), announced that it has entered in to a Letter of Intent on September 26, 2007 with Axiotron Inc. ('Axiotron') to acquire all of the issued and outstanding common shares, preferred shares, options, and warrants of Axiotron for a deemed value of $7,300,000 (the 'Transaction'). This transaction shall serve as the Corporation's Qualifying Transaction, as defined in the TSX Venture Exchange (the 'Exchange') Policy 2.4. M Partners has been engaged by Axiotron Inc. to conduct a financing concurrent with the closing of the qualifying transaction. The Corporation is currently in the process of preparing a detailed press release regarding the Transaction which will satisfy the disclosure requirements of the Exchange. Trading in the common shares of the Corporation will remain halted pending the release of this comprehensive disclosure. Axiotron is headquartered in El Segundo, California. A high-tech Solution Hardware Manufacturing company, Axiotron is an Apple(R) Authorized Proprietary Solution Provider and the maker of the award-winning Axiotron ModBook(TM), the only Mac OS(R) X based tablet computer solution for the Apple(R) Mac(R) market Designed in California by Axiotron's team of German and American engineers, the Axiotron ModBook(TM) is at its core an after-market hardware modification kit, which allows standard off-the-shelf Apple(R) MacBook(TM) systems to be converted into high-end slate-style tablet computers. Using radio-based WACOM Penabled(R) technologies, the ModBook(TM) enables its user to draw with 512 levels of pressure sensitivity directly on the screen, and the handwriting recognition built into Mac OS(R) X not only turns hand scribbles into text in every application, but also provides extended control of the system through gesture recognition. The ModBook(TM) comes standard with built-in Apple(R) iSight(TM) camera and an integrated CD/DVD combo drive that can be upgraded to a 8.5 GB DVD burner, and it also features an optional built-in Global Positioning System (GPS). Axiotron's management team brings a combined 70 plus years of relevant management experience to the company. Management backgrounds include strong experience in international business management & finance, international sales, online sales, worldwide marketing and product management, and high-tech hardware and software development. For further information about Axiotron, please visit the company's web site at www.axiotron.com. Andreas Haas, CEO and President of Axiotron, has stated, 'The TSX Venture Exchange CPC Program and Vendome Capital Corp. are providing us with access to the financial means to realize our growth potential at reasonable conditions." Claude Ayache, CFO and a director of Vendome, has commented, 'Vendome is excited to find a company that clearly demonstrates a strong appreciation of best practice corporate governance and continuous disclosure practices. Axiotron's management team is committed to growing Axiotron into a world class company. The board of Vendome is very pleased to have sourced a company with a knowledgeable management team and quality products such as Axiotron for Vendome's qualifying transaction.' Vendome is one of Vendome Capital Group's ('Vendome Group') CPCs. The Vendome Group is focused on creating maximized shareholder returns through the use of CPCs. Currently, each of the Vendome Group's CPCs, Vendome and Vendome Capital II Corp. (TSXV: VCT.P), is trading on the TSXV under the symbols VCC.P and VCT.P, respectively. Vendome has approximately $800,000 in cash and 11,994,500 common shares issued and outstanding. VCT.P has approximately $400,000 in cash and 6,700,000 common shares issued and outstanding. Completion of the Transaction is subject to a number of conditions, including but not limited to, the Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX Venture Exchange, the Securities and Exchange Commission, or the California Commissioner of Corporations has not reviewed and has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this release. This news release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Axiotron, Inc. or Vendome in any jurisdiction or to any person to whom it is or would be unlawful to make such offer or solicitation. Any securities that may be offered will not be and have not been registered under the Securities Act of 1933 or qualified under applicable state securities laws and may not be offered or sold nor distributed in the United States or to residents of the United States. VENDOME CAPITAL CORP. 5650 Yonge Street, Suite 1500 Toronto, Ontario M2M 4G3 T: [phone] [e-mail] Source: Vendome Capital Corp. (TSX-V: VCC.P) CONTACT: Andreas Haas, Axiotron Inc. Tel: [phone] Fax: [phone] e-mail: [e-mail] Filing Services Canada Inc. Tel: [phone] Fax: [phone] WWW: https://www.usetdas.com M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at https://www.presswire.net on the world wide web. Inquiries to [e-mail]. (C)1994-2007 M2 COMMUNICATIONS LTD © 2007 Stockgroup Media Inc. | Disclaimer