{"success":true,"data":{"pressRelease":{"id":"170395","rtpr_id":"nGNX5C6R17-20261015","ticker":"VISM","exchange":"OTC","all_tickers":["VISM"],"title":"Visium Technologies Extends Exclusivity Through First Quarter 2027 and Expands Due Diligence Scope for Proposed Assignment of Device Rights into Indonesian Vehicle","author":"Globe Newswire","published_at":"2026-10-15T12:53:00.101Z","article_body":"FAIRFAX, VA, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Visium Technologies, Inc.\n(OTCID: VISM) (\"Visium\" or the \"Company\") today announced that it and the\ncounterparties to its non-binding term sheet, first announced on September 22,\n2026, have agreed to extend the term sheet’s exclusivity period through\nMarch 31, 2027. The proposed transaction is an assignment of specified device\ncontract-use, offtake and deployment rights into PT Visium Compute Indonesia,\na newly formed Indonesian foreign-investment company. The parties have also\nwidened the due diligence each will complete before negotiating a definitive\nagreement.\n\nExpanded diligence\n\nThe parties have agreed to a second phase of due diligence, conducted by both\nsides. The Company’s review now covers:\n* the final written device specifications and part number;\n* the required third-party, assignment and change-of-control consents;\n* U.S. export-control classification and denied-party screening;\n* Indonesian foreign-investment, licensing and bonded-zone approvals in Batam;\n* site and power rights that would survive a closing;\n* a quality-of-earnings review of any customer deposits;\n* the cross-border accounting needed to present the transaction under U.S.\nGAAP.\nThe counterparties are conducting their own diligence on the Company. The\nparties expect to complete this mutual diligence during the first quarter of\n2027.\n\nWhat remains unchanged\n\nThe term sheet remains non-binding, except for its provisions on exclusivity,\nconfidentiality, expenses and governing law. Any definitive agreement will\nrequire approval by the Company’s qualified independent directors under\nSection 607.0832 of the Florida Business Corporation Act, and will be subject\nto the closing conditions described in the Company’s Current Report on Form\n8-K filed September 21, 2026. The Company will file a Form 8-K if it enters\ninto a definitive agreement.\n\nManagement commentary\n\n\"The cross-border accounting and the GAAP audit work for this transaction are\nprogressing smoothly,\" said Paul R. Taylor, Chairman and Chief Executive\nOfficer of Visium. \"We would rather take the extra time and get it right than\nsign early and get it wrong.\"\n\nAbout Visium Technologies, Inc.\n\nVisium Technologies, Inc. (OTCID: VISM) is a publicly traded technology\nholding company based in Fairfax, Virginia. It focuses on advanced technology\nplatforms, AI-driven operational systems, analytics and enterprise\nintelligence. For more information, visit [www.visiumtechnologies.com].\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements, including statements\nabout the proposed transaction, the diligence process and its expected\ncompletion in the first quarter of 2027, and the timing of any definitive\nagreement. Forward-looking statements can be identified by words such as\n\"expects,\" \"will,\" \"may\" and similar expressions. The Company’s common stock\nis a \"penny stock,\" and the statutory safe harbor for forward-looking\nstatements does not apply to the Company. Actual results may differ materially\nfrom those expressed or implied. Factors include that the parties may not\ncomplete diligence on the expected timetable or sign a definitive agreement;\nrequired consents, export-control classifications and Indonesian approvals may\nnot be obtained; the qualified-director approval process may not be completed;\nand the other risks described in the Company’s filings with the Securities\nand Exchange Commission. The Company undertakes no obligation to update any\nforward-looking statement except as required by law. Investors should rely\nsolely on the Company’s SEC filings.\n\nContacts\nPress: press@visiumtechnologies.com\nInvestor Relations: ir@visiumtechnologies.com\nIR Concierge: 888-344-9850\nVisium Technologies, Inc., 4094 Majestic Lane, Suite 360, Fairfax, Virginia\n22033\nwww.visiumtechnologies.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/da662746-ad70-4d26-9da5-ee849437f86b)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5C6R17-20261015","title":"Visium Technologies Extends Exclusivity Through First Quarter 2027 and Expands Due Diligence Scope for Proposed Assignment of Device Rights into Indonesian Vehicle","author":"Globe Newswire","ticker":"VISM","created":"2026-10-15T12:53:00.101Z","tickers":["VISM"],"exchange":"OTC","article_body":"FAIRFAX, VA, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Visium Technologies, Inc.\n(OTCID: VISM) (\"Visium\" or the \"Company\") today announced that it and the\ncounterparties to its non-binding term sheet, first announced on September 22,\n2026, have agreed to extend the term sheet’s exclusivity period through\nMarch 31, 2027. The proposed transaction is an assignment of specified device\ncontract-use, offtake and deployment rights into PT Visium Compute Indonesia,\na newly formed Indonesian foreign-investment company. The parties have also\nwidened the due diligence each will complete before negotiating a definitive\nagreement.\n\nExpanded diligence\n\nThe parties have agreed to a second phase of due diligence, conducted by both\nsides. The Company’s review now covers:\n* the final written device specifications and part number;\n* the required third-party, assignment and change-of-control consents;\n* U.S. export-control classification and denied-party screening;\n* Indonesian foreign-investment, licensing and bonded-zone approvals in Batam;\n* site and power rights that would survive a closing;\n* a quality-of-earnings review of any customer deposits;\n* the cross-border accounting needed to present the transaction under U.S.\nGAAP.\nThe counterparties are conducting their own diligence on the Company. The\nparties expect to complete this mutual diligence during the first quarter of\n2027.\n\nWhat remains unchanged\n\nThe term sheet remains non-binding, except for its provisions on exclusivity,\nconfidentiality, expenses and governing law. Any definitive agreement will\nrequire approval by the Company’s qualified independent directors under\nSection 607.0832 of the Florida Business Corporation Act, and will be subject\nto the closing conditions described in the Company’s Current Report on Form\n8-K filed September 21, 2026. The Company will file a Form 8-K if it enters\ninto a definitive agreement.\n\nManagement commentary\n\n\"The cross-border accounting and the GAAP audit work for this transaction are\nprogressing smoothly,\" said Paul R. Taylor, Chairman and Chief Executive\nOfficer of Visium. \"We would rather take the extra time and get it right than\nsign early and get it wrong.\"\n\nAbout Visium Technologies, Inc.\n\nVisium Technologies, Inc. (OTCID: VISM) is a publicly traded technology\nholding company based in Fairfax, Virginia. It focuses on advanced technology\nplatforms, AI-driven operational systems, analytics and enterprise\nintelligence. For more information, visit [www.visiumtechnologies.com].\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements, including statements\nabout the proposed transaction, the diligence process and its expected\ncompletion in the first quarter of 2027, and the timing of any definitive\nagreement. Forward-looking statements can be identified by words such as\n\"expects,\" \"will,\" \"may\" and similar expressions. The Company’s common stock\nis a \"penny stock,\" and the statutory safe harbor for forward-looking\nstatements does not apply to the Company. Actual results may differ materially\nfrom those expressed or implied. Factors include that the parties may not\ncomplete diligence on the expected timetable or sign a definitive agreement;\nrequired consents, export-control classifications and Indonesian approvals may\nnot be obtained; the qualified-director approval process may not be completed;\nand the other risks described in the Company’s filings with the Securities\nand Exchange Commission. The Company undertakes no obligation to update any\nforward-looking statement except as required by law. Investors should rely\nsolely on the Company’s SEC filings.\n\nContacts\nPress: press@visiumtechnologies.com\nInvestor Relations: ir@visiumtechnologies.com\nIR Concierge: 888-344-9850\nVisium Technologies, Inc., 4094 Majestic Lane, Suite 360, Fairfax, Virginia\n22033\nwww.visiumtechnologies.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/da662746-ad70-4d26-9da5-ee849437f86b)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-15T12:53:00.142229294Z","server_sent_at_ms":1792068780142},"received_at":"2026-10-15T12:53:00.198Z","source_url":null},"analysis":{"id":"158586","press_release_id":"170395","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["term sheet remains non-binding; no definitive agreement and no guarantee one is signed","transaction depends on third-party consents, export-control classification, and Indonesian approvals that may not be obtained","penny stock issuer explicitly notes the statutory safe harbor for forward-looking statements does not apply"],"eventType":"m_and_a","narrative":"Visium Technologies and the counterparties to its September 22, 2026 non-binding term sheet agreed to extend the exclusivity period through March 31, 2027.\n\nThe proposed transaction would assign specified device contract-use, offtake and deployment rights into PT Visium Compute Indonesia, a newly formed Indonesian foreign-investment company, with a second phase of mutual due diligence now covering export-control classification, Indonesian licensing in Batam, consents, and U.S. GAAP cross-border accounting.\n\nThe term sheet remains non-binding except for exclusivity, confidentiality, expenses and governing law; any definitive agreement requires approval by qualified independent directors under the Florida Business Corporation Act and would be disclosed in a Form 8-K.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Exclusivity extension signals the Indonesian device-rights assignment is still alive but delayed — no definitive deal until Q1 2027 at the earliest."},"keyFigures":{"guidance":"Exclusivity extended through March 31, 2027; mutual due diligence expected to complete during Q1 2027","customDimensions":{"deal_binding":false,"exclusivity_end":"2027-03-31","term_sheet_first_announced":"2026-09-22"}},"quotedText":"We would rather take the extra time and get it right than sign early and get it wrong.","namedEntities":{"people":[{"name":"Paul R. Taylor","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Visium Technologies, Inc.","ticker":"VISM","relationship":"filer"},{"name":"PT Visium Compute Indonesia","relationship":"proposed assignee / new Indonesian foreign-investment company"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Extension of a non-binding term sheet's exclusivity plus a widened diligence scope — no definitive agreement, no deal value, and explicit risk the transaction never closes. Progress, but far from a signed deal."},"tickerRelevance":{"others":[],"primary":"VISM"},"globalImportance":18,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap OTC","eventGravity":"non-binding term sheet extension / diligence expansion","dealValueDisclosed":false,"retailFavoriteBoost":0}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Visium Technologies and the counterparties to its September 22, 2026 non-binding term sheet agreed to extend the exclusivity period through March 31, 2027.\n\nThe proposed transaction would assign specified device contract-use, offtake and deployment rights into PT Visium Compute Indonesia, a newly formed Indonesian foreign-investment company, with a second phase of mutual due diligence now covering export-control classification, Indonesian licensing in Batam, consents, and U.S. GAAP cross-border accounting.\n\nThe term sheet remains non-binding except for exclusivity, confidentiality, expenses and governing law; any definitive agreement requires approval by qualified independent directors under the Florida Business Corporation Act and would be disclosed in a Form 8-K.","key_figures":{"guidance":"Exclusivity extended through March 31, 2027; mutual due diligence expected to complete during Q1 2027","customDimensions":{"deal_binding":false,"exclusivity_end":"2027-03-31","term_sheet_first_announced":"2026-09-22"}},"named_entities":{"people":[{"name":"Paul R. Taylor","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Visium Technologies, Inc.","ticker":"VISM","relationship":"filer"},{"name":"PT Visium Compute Indonesia","relationship":"proposed assignee / new Indonesian foreign-investment company"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-15T12:53:05.749Z","global_importance":18,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap OTC","eventGravity":"non-binding term sheet extension / diligence expansion","dealValueDisclosed":false,"retailFavoriteBoost":0}},"durationMs":null,"modelName":"glm-5.3-flashx"}}