WorldFlix to Enter $100+ Billion Cyber Security Market with Military Grade Encryption Protocol "Parano"
June 27 2017 - 8:30AM
InvestorsHub NewsWire
LOS ANGELES, CA - June 27, 2017 -
InvestorsHub NewsWire - WorldFlix (OTC:
WRFX) - The
British Parliament faced a “sustained” cyber attack last weekend
according to Westminster, illustrating just how prevalent
sophisticated attacks have become and how easily they can affect
even the most secure institutions. There is a reason
the cyber security market has grown to over $100 billion worldwide
and is projected to grow to over $180 billion by 2021. As the
hacking community continues to evolve, so must cyber
security. WorldFlix, and its subsidiary Paranotek, are well
positioned to take on a significant share of the rapidly growing
cyber security market with the introduction of their encrypted
security protocol “Parano.”
“We are ready to launch our Swantry
app and encryption back-end Parano, pending some final IP
protection. We have also been testing Parano with third
parties in order to prepare to license and utilize our protocol as
their encryption layer technology,” stated Lauri Tunnela, CTO of
Paranotek. “Once launched, we expect to immediately begin
monetizing our technology through the Swantry app, and next,
finalize our first partnerships with third parties to license the
Parano protocol for their use, creating corporate level, long term
revenue streams.”
WorldFlix’s Parano is virtually
unhackable, even by next generation supercomputers, and the company
is confident that users will flock towards a more secure platform
to keep their conversations and data truly private and that third
party software providers will seek out a more secure back-end
protocol to keep their products secure.
About
WorldFlix, Inc.
WorldFlix, Inc. (OTC:
WRFX) operates in a variety of niche businesses in
the technology and entertainment sphere. WorldFlix divisions
include AppFarm, a platform for acquiring, developing, and growing
niche apps for mobile and tablet devices; Drobbits, an interactive
platform that allows users to create, play and monetize their own
video games; Paranotek, a Finnish technology and design company
that incorporates its military-grade, proprietary security and
privacy features when developing software and apps; Swantry,
designed to allow parents to ensure their child is safe on their
mobile device; and WorldFlix Entertainment Management, a television
and movie development and management business. For more information
on WorldFlix, Inc., please visit www.worldflix.co.
About
Paranotek
Paranotek is a partnership between WorldFlix,
Inc., and Finnish-based technology and encryption experts. Lauri
Tunnela, CTO, and Johannes Maliranta, CCO, have a combined 20 years
of diverse and complimentary information technology experience.
Tunnela's thesis on information security vulnerabilities has been
featured in major Finnish technology magazines. Paranotek's
products range from data storage, sharing and instant messaging
services to various software suites, all based on our disruptive
security technology. While other popular apps, software and
services collect your data, Paranotek's unique security technology
never collects user data, thus providing an extra layer of enhanced
privacy for our users. For more information on Paranotek, please
visit www.paranotek.com.
FORWARD-LOOKING STATEMENTS: "Safe Harbor"
statement under the Private Securities Litigation Reform Act of
1995: This press release contains forward-looking statements within
the meaning of the Securities Litigation Reform Act of 1995. These
statements are based on current expectations, and are to a certain
degree uncertain. Words such as expects, anticipates, intends,
believe, plan, will and similar words are expressions intended to
identify these forward-looking statements. These statements involve
risk and subsequently are difficult to evaluate. Actual results may
vary from descriptions herein due to many factors including but not
limited to changes in business conditions, changes in laws and
regulations, problems encountered in exploration and obtaining
permits, changes in the competitive environment, technological
advances, shortages of skilled workers, the need for additional
capital and other risks listed in the company's Securities and
Exchange Commission filings under "risk factors" and elsewhere.
Forward-looking statements speak only as of the date they were
made, and the company is under no obligation to update
them.
For more
information, please visit: www.swantry.com,
www.paranotek.com,
www.worldflix.co.
CONTACT
INFORMATION
WorldFlix, Inc. (OTC:
WRFX)
Brad
Listermann
Chairman
and CEO
(310)
684-2462
worldflix@live.com
SOURCE
WorldFlix, Inc.
Related Links
http://www.worldflix.co