Vertical Data closes $4.12M private placement of 1.37M shares at $3.00

Vertical Data Inc.

Closed private placement of 1,373,152 common shares at $3.00/share for gross proceeds of $4,119,456.
Offering non-brokered; no warrants, convertible securities, or placement agent fees issued.
Net proceeds to be used for general corporate purposes and working capital.
Company to file resale registration statement with SEC within 90 days of closing.
Shares sold to accredited investors and non-U.S. persons under Reg D/Reg S exemptions.

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