WorldFlix Jumps into the $90 Billion Information Security Market with Enterprise Security Solutions
May 04 2017 - 9:00AM
InvestorsHub NewsWire
PALM SPRINGS, CA -- May 04, 2017 -- InvestorsHub NewsWire --
WorldFlix, Inc. (OTC:
WRFX), along with its subsidiary Paranotek, a mobile
application and end-to-end encryption software company focused on
corporate data security, today announced the company’s entry into
the enterprise data security and information security markets with
software solutions for corporate entities to monitor, manage,
protect and filter company-wide devices. The company’s latest
software solutions will allow corporations to keep their employees
and data safe while also monitoring and analyzing potential
breaches and productivity with real-time, centralized
reporting.
According to Gartner, spending on information security is expected
to reach $90 billion worldwide in 2017 and increase to
approximately $113 billion by 2020. Increased spending
on security is being driven by multiple factors, including
government initiatives, increased legislation and high-profile data
breaches.
WorldFlix and Paranotek recently announced the launch of a new,
state-of-the-art encryption protocol Parano and its integration
with the Swantry mobile app. Parano is a software protocol
designed to withstand the most sophisticated security hacks,
including threats that exist today and those that are anticipated
in the future from super and quantum computers. Parano
provides the backend encryption and protection for Swantry’s
messaging and privacy features. These same features are being
incorporated into the company’s business enterprise data security
and cybersecurity software to be used by corporations to monitor
and protect all devices, data and messages.
“Parano is the new paradigm of encryption and security.
Parano brings a new, unprecedented level of security to messaging,
chat and data much like the level of security Blackberry brought to
the market years ago. Blackberry’s protocols and servers were
so secure, foreign governments threatened to ban or shut them down
because the governments couldn’t hack them,” stated Brad
Listermann, Chairman and CEO of WorldFlix. “Blackberry lost
the security edge and Parano is taking over that space.
Parano will give companies maximum coverage to keep data, privacy
and employees safe.”
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.worldflix.co, www.paranotek.com, www.swantry.com
CONTACT INFORMATION
WorldFlix, Inc. (OTC:
WRFX)
Brad Listermann
Chairman and CEO
(310) 684-2462
worldflix@live.com