New Technology May Solve Many of Today's Online Data and Privacy Issues
July 06 2017 - 8:30AM
InvestorsHub NewsWire
WorldFlix, on behalf of
its subsidiary Paranotek, files patent on new encryption
technology
Los Angeles, CA - July 06, 2017 - InvestorsHub NewsWire -
WorldFlix, Inc. (OTC: WRFX) - It is “time to take
back your privacy"! This is not only a mission
statement from Paranotek. It is a common sentiment for individuals
and businesses in a climate where cyberattacks are
becoming more common-place and causing serious damage.
Fortune magazine reports
that “[a]ccording to a report earlier this year from business
insurer Hiscox, cybercrime cost the global economy more than
$450 billion in 2016.” Many industry advisors and insiders suggest
privacy is the next big commodity!
More than ever, privacy is becoming essential and is
predicted to be the future of the cyber data industry, as people
react to threats of hacking and data theft.
WorldFlix this week is filing the patent for its subsidiary
Paranotek’s new, state-of-the-art encryption protocol Parano.
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.
Paranotek also protects its users’ privacy through exclusion of
personal data sign-up policies. It does not use Facebook or Google
to register users, which allows those third parties to collect user
data.
WorldFlix is proud that Paranotek’s first software launch is coming
within weeks, with its new Swantry and Swanlock smartphone apps,
designed to allow parents to guide a child’s responsible and safe
smartphone use. The apps were created by Paranotek with security as
a core feature, and the backend encryption and protection for
Swantry’s messaging and privacy features will use the Parano
protocol.
These same features are being incorporated into the Paranotek’s
business enterprise data security and cybersecurity software to be
used by corporations to monitor and protect all devices, data and
messages.
WorldFlix, CEO, Brad Listermann says, “The future of cyber security
and software will be privacy and data protection and more and more
people fight to keep their information safe. We believe Paranotek
is on the forefront of this exploding market potential.”
About WorldFlix, Inc.
WorldFlix, Inc. (OTC PINK: 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.
About Swantry
Swantry, a cutting-edge monitoring and control app that provides
parents, schools, and caregivers a secure way to monitor and set
controls on children’s smartphones and tablets, is set for release
in both the U. S. and Europe and is expected to fulfill the
exponentially growing need for child protection and privacy online.
Swantry has been developed by WorldFlix, along with its subsidiary
Paranotek, and includes sought after privacy, monitoring and
control features such as geofencing, internet boundary features,
real time notifications and alarms, and end-to-end encryption
cybersecurity. For more information on Swantry, please visit
www.swantry.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