Item
8.01 Other
Events.
On
October 3, 2006, Viseon, Inc., a Nevada corporation (the “Company”), announced
that it had engaged the investment banking firm of Bowen Advisors, Inc. on
September 29, 2006, in order to explore strategic alternatives for the Company,
including the possibility of selling some or all of the Company’s business
assets. Bowen Advisors will identify and deal directly with any potential
acquisition candidates. Bowen Advisors will also provide advice regarding
certain aspects of the day-to-day operations of the Company’s
business.
The
Company has agreed to pay Bowen Advisors a monthly retainer of $10,000 during
the term of the engagement. If the Company completes a merger, sale of its
business or certain related corporate transactions during the term of the
engagement or the six month residual period following its termination, then
Bowen Advisors will be paid a success fee upon the closing of that transaction.
The amount of any success fee would be based upon the size of the transaction,
but not less than $350,000. The Company will also reimburse certain expenses
related to the consulting services provided by Bowen Advisors. The Company
may
terminate the arrangement at any time after the first two months of the
engagement, by giving thirty days notice to Bowen Advisors.
Item
9.01 Financial
Statements and Exhibits.
| (c) |
Exhibits.
|
| Exhibit 99.1 |
Press
Release of Viseon, Inc. dated October 3,
2006.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
VISEON,
INC.
Date:
October 3, 2006
By:
/s/ Brian R. Day
Brian
R.
Day
Chief
Financial Officer
Exhibit
Index
| Exhibit 99.1 |
Press
Release of Viseon, Inc. dated October 3,
2006.
|
