delSECUR CORPORATION Announces Finalization of the Distribution of Its Asset to Lenders, Subsequent Distribution to Its Shareholders, and Dissolution of the Corporation

delSECUR CORPORATION Announces Finalization of the Distribution of Its Asset to Lenders, Subsequent Distribution to Its Shareholders, and Dissolution of the Corporation

PR Newswire

SOUTH BURLINGTON, Vt., June 29, 2011 /PRNewswire/ — As previously announced delSECUR CORPORATION will dissolve itself. Using its only asset, it has now finalized the distribution of QTech shares in satisfaction of its existing debt to its lenders. Mr. McCormick, President of delSECUR stated, “We have distributed 2,716,048 of our block of QTech shares to lenders comprising a total debt in the amount of $1,088,517 CDN. It has not all been picked up yet by lenders and due to a Canadian Postal strike some remaining share certificates have been held back pending Registered and Certified mail requirements specifically requested by some of our lenders.” He noted however, that “the numbers have been completed and well documented; it is now time to move to the next step, the distribution of its remaining asset, the balance of QTech shares, to delSECUR CORPORATION shareholders.”

McCormick stated further, “We have over 9 million shares left from our QTech ownership and now that the total amount of the debt has been established this balance will be distributed to our shareholders as a liquidating dividend. We will start the process now although we expect completion may take awhile.”

Shareholders will be notified as to their share allotment by the Corporation’s U.S. Transfer Agent either directly or in the case of nominee name through their respective banks and brokers.

After having distributed all of the QTech share block, being the only asset of delSECUR, the Corporation will be dissolved in accordance with Nevada State Law.

delSECUR CORPORATION, a public company (Pink Sheets: DLSC) with its head office in S. Burlington, VT has been involved in the development of a unique authentication process based on abstract images of biological data collected from the fingers of living persons. This technology was sold, under the terms of an Asset Purchase Agreement, in October 2009 to QTech Systems Inc., an Ontario private company in exchange for 49% of the shares of that company.

This Press Release may contain forward-looking statements. These forward looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and other similar statements. Statements that are not historical facts, including statements relating to anticipated future earnings, margins, and other operating results, future growth, construction plans and anticipated capacities, production schedules and entry into expanded markets are forward-looking statements and are subject to the risks normally associated with the completion of a corporate transaction. The information set forth herein should be read in light of such risks. We assume no obligation to update the information contained in this press release, except as required under applicable law.

SOURCE delSECUR CORPORATION

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