Q4 Blog

I’m pleased to announce that we have closed our latest round of funding, bringing the total raised to $3M (CDN) since the fall of 2006. Investors include a mix of institutional funders and angels.  You can access the full press release on our web site:

Q4 Web Systems Closes $1.2M in Funding for Web Disclosure

Here are a couple of my quotes from the release:

I’m very pleased to close this latest round of funding in this current market climate. We continue to receive validation for our business model from the addition of new clients, business partners and our ability to attract investment. This latest round of funding will enable us to continue scaling the business while we roll-out our next generation platform in 2009.

This regulatory guidance is a significant change to how material information is distributed to the market. Not only does it lower costs for issuers, but it also creates opportunities for a number of companies, of which we are one. This investment is a validation of the market potential for our platform and web disclosure in general.

Earlier this week we announced the closing of latest round of funding. Here’s the full press release:

Financing to fund ongoing development of innovative workflow compliance and disclosure solutions and expanded sales and marketing efforts

Q4 Web Systems Inc. (“Q4 Web Systems” or the “Company”) is pleased to announce that it has closed $1.8M CDN in private placement financing from investors including a Schedule A Canadian bank.  The proceeds of the financing will be used by the Company to expand sales and marketing activities and accelerate the development of Q4 Web System’s innovative suite of workflow and collaboration solutions for managing capital markets disclosure and Sarbanes-Oxley compliance.
“We’ve grown rapidly over the past year and are pleased with our investors’ confidence in our company, our products and our plans for expansion across North America,” says Darrell Heaps, President and CEO of Q4 Web Systems.  “Increased regulation has strained the resources of issuers who are challenged to balance Sarbanes-Oxley compliance with corporate disclosure and the expectations of real-time transparency “  said Mr. Heaps.  “Our suite of innovative solutions addresses the management, tracking and distribution of disclosure and automates many tasks, saving time and money while speeding the delivery of material information to the market. “

Q4 Web Systems’ products aid in the certification of disclosure controls and procedures as specified in Sarbanes-Oxley Act section 302 and Canadian Securities Administrators’ Multilateral Instrument 52-109 and streamline compliance with CEO/CFO certification and Bill 198.  They do so by automatically routing information upward and generating time-stamped, auditable records of all viewers, versions, comments, edits and approvals.

About Q4 Web Systems
Q4 Web Systems is a leading provider of end-to-end disclosure management software. help publicly-traded companies increase efficiency, reduce compliance risk and gain complete in-house control over their disclosure. Q4’s innovative solutions automate many of the manual tasks related to disclosure, saving issuers time and money while speeding the delivery of their material information to the market. Companies across North America rely on Q4Web Systems to manage their disclosure more efficiently, more effectively and with less risk.

For further information: please visit http://www.q4websystems.com/ or contact: Darrell Heaps, President and CEO, Q4 Web Systems Inc., darrellh@q4websystems.com, Tel: 1-877-426-7829, or (416) 626-7829 ext. 222

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