Aug 22 (Reuters) - Vision Sensing Acquisition Corp ( VSAC )

:

* VISION SENSING ACQUISITION CORP. ( VSAC ) ANNOUNCES LETTER OF

INTENT WITH

CONVERGENCE CT, INC.

* VISION SENSING ACQUISITION CORP ( VSAC ): AGREES TO TERMINATE

PREVIOUS

AGREEMENT WITH MEDIFORUM CO., LTD.

* VISION SENSING ACQUISITION CORP ( VSAC ): VSAC AND CCT HAVE AGREED

TO A

TOTAL CONSIDERATION TO CCT SHAREHOLDERS OF US$135 MILLION

* VISION SENSING ACQUISITION CORP ( VSAC ): ENTERED INTO A

NON-BINDING

LETTER OF INTENT WITH DELAWARE INCORPORATED CONVERGENCE CT

* VISION SENSING ACQUISITION CORP ( VSAC ): WILL DIRECTLY OR

INDIRECTLY

ACQUIRE 100% OF OUTSTANDING EQUITY OF CONVERGENCE

* VISION SENSING ACQUISITION CORP ( VSAC ) - INITIAL PAYMENT TO CCT

SHAREHOLDERS SET AT $110 MILLION

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