LFER Life on Earth Inc (CE)

LFER LETTER TO SHAREHOLDERS REVEALS ITS PATENTED BREAKTHROUGH BLOCKCHAIN IOT CYBERSECURITY THAT THE WORLD IS WAITING FOR

June 1, 2021 -- InvestorsHub NewsWire -- via BioResearch Alert -- 

• LFER only has approximately 27 million common shares pre-acquisition of SmartAxiom. Share price is $.17 yielding a market cap of $4.3 million
• Cybersecurity Ventures reports cybercrimes are predicted to cost the world $6 trillion annually by the end of 2021 and hackers target IoT devices that are easy prey
• "Insight", a leading expert in IoT and Cloud technology found nearly 80% of senior IT and IT security leaders believe their organizations lack sufficient protection against cyberattacks despite increased IT security investments made in 2020
• LFER announced its patented and 100% owned SmartAxiom, Inc. offers "Bulletproof" Blockchain Cybersecurity Solutions that are considered "hack proof" to protect IoT devices from hackers and that it is partnered with IBM and doing business with CSCO, INTC, MRVL, TOY, HPE, Volvo, Mazda, Xerox, MSFT, Amazon Web Services, Renesas, NXP, NuLeds, BOA, Globe Teleservices
• Newly awarded patent covers the core distributed ledger technology that makes SmartAxiom IoT management and secure communication solution so appealing to large companies
• Niraj Kadakia, IBM Business Development and Embedded Analytics, says, "If every IoT device can be an entry point for hackers, what happens when you add tens of thousands of internet connected devices to your corporate network? We (IBM) are excited to be working with SmartAxiom because their mission is to solve this problem by making IoT safer"

Several better-known cybersecurity companies such as CRWD, OKTA, SPLK, PFPT, ZS and PANW have huge multi-billion-dollar market caps and mountains of cash, but they continue to report big losses quarter after quarter primarily due to extraordinarily heavy spends on Sales & Marketing.  Financial Filings report that these companies are continuing to spend close to and in some cases over half of their revenues to acquire customers. Examples pulled from EDGAR Filings are shown in "Exhibits" at the end of this article.

If these Cybersecurity providers provide truly effective cybersecurity solutions, why would they continue to have such high customer acquisition costs? With so many large companies providing Cybersecurity protection, why is it that losses from data breaches and ransoms such as the recent Colonial Pipeline shutdown are more frequent every day?  Could it be that their solutions only work marginally?

The facts speak for themselves . . . The current solutions are not Hack proof and here remains an unmistakable enormous unmet need for Cybersecurity THAT REALLY WORKS!

Life On Earth's (LFER: OTC) SmartAxiom just reported their major breakthrough in Cybersecurity to their shareholders in a highly informative and compelling letter.

SmartAxiom has been developing distributed ledger technology (DLT) Blockchain cybersecurity solutions since 2015 and because they work so well, they are being pulled in by several large users that understand and want what they bring to the table that others have failed to provide.

Because SmartAxiom solutions actually work as advertised, we believe their customer acquisition costs will be relatively low compared to the industry and that profit margins could be substantially greater than the big cap providers today. This could be very appealing to a competitor with too much cash that would love to improve margins and stop the bleeding. At the right time, it would not be surprising to see a substantial buyout offer for SmartAxiom or LFER in order to improve the bottom line of some cash rich suitor.

Recently, Life On Earth announced it received patent approval for its unmatched cybersecurity blockchain solutions. 

The following "Letter to LFER Shareholders" describes their breakthrough that many knowledgeable cybersecurity investors will understand and find very compelling.

Astute investors need only to read this "Letter to Shareholders" of Life On Earth, SmartAxiom. (LFER: OTC) to gain a quick insight into a truly effective blockchain based solution that works so well, that it has already attracted the interest of IBM, CSCO, INTC, MRVL, TOY, HPE, Volvo, Mazda, Xerox, MSFT, Amazon Web Services, Renesas, NXP, NuLeds, BOA, Globe Teleservices.  This recent announcement of newly granted patents helps cement LFER's solutions as the "Go To" solution to prevent hackers from causing disastrous breaches and suggests what could be a powerful upcoming growth curve for LFER.

Excerpt from the CEO's Letter to Life On Earth, Inc. (LFER) shareholders discloses the following: 

"In brief, we are looking at global market of approximately $1.3 Trillion by 2026 with deployment of IoT devices in the range of 5-6 billion annually within the foreseeable next few years.

View full shareholder letter HERE.

So, you may be asking, what are our advantages and how we will position ourselves to capitalize on this opportunity and realize our ultimate goals? Let me share some insights and our strategy to capture a significant part of the emerging market in the following.

The Problem:

First, let me briefly describe the problem the world economies engaged in the global economic activities are faced with. The single biggest problem is cyber security, or more accurately, the lack of it. The cyber security vulnerabilities in the IoT based solutions are unbelievable! Of the 30 billion + IoT devices currently in deployment globally, about 25 billion are vulnerable to cyber hacks, according to ARMIS Inc. 2020 Report. Only a few billion devices are adequately secured. Moreover, this matter is getting worse as more and more IoT devices are being deployed at a fast rate as reported above. The highest vulnerabilities are in the edge devices - the sensors, gateways, controllers, and communication devices that can push and pull billions of transactions every second. The "man in the middle" (machines and/or individuals) is the global internet looking for opportunities to disrupt businesses around the world (just for fun, pirate IP, data, or hack in and pull/or inject false data, etc.). Some attacks, when successful in penetrating the mission critical business applications, have caused serious and sometimes irrecoverable damage to the businesses often causing millions of US dollars per incidents as reported by Nicole Eagan, CEO of Darktrace, "The attackers used the smart thermometer in a fish tank to get a foothold in the network. They then found the high-roller database and then pulled that back across the network, out the thermostat, and up to the cloud." Scott Ferguson, Bank Info Security reported, "attackers were able to access Target … from a third-party HVAC vendor…$292 million in breach-related expenses" and Kim Zetter, of Wired reported, "Hackers struck a German steel mill by manipulating and disrupting control systems to such a degree that a blast furnace could not be properly shut down, resulting in 'massive' damage." Some have even successfully demanded millions of dollars (aka the recent pipeline case in the USA). Unfortunately, you can be sure, there are more such attacks to come causing major disruptions to our economy and national security. Yes, this problem is elevated to that level and requires major overhaul of our national infrastructure. A sobering thought!

The Solution:

This brings me to our solutions and how they solve our customers' vulnerabilities by bullet proofing their IoT business environment with patented IoT technologies. SmartAxiom has developed complete end-to-end solution for multiple industries with Supply Chain Management, Warehouse and Asset Management, and Industrial IoT solutions. These solutions are 'spot on' to serve the fastest-growing IoT base edge computing, mobility (tracking and visualizing distributed assets) and manufacturing Industry IoT solution markets. We shall be accelerating and driving these solutions to penetrate this high growth area of the industry. Let me briefly describe the technologies and solutions we are focused on.

SmartAxiom's Patented Technologies: SmartAxiom has been granted four major patents:
First, Pub. No.: US 2019/0036906 Al, Pub. Date: Jan. 31, 2019. 
Second, Pub. No.: US 2019/0253434 Al, Pub. Date: Aug. 15, 2019. 
Third, Pub. No.: US 2019/0273623 Al, Pub. Date: Sep. 5, 2019. 
Fourth, Patent No.: US 10,924,466 B2, Pub. Date of Patent: Feb.16,2021

These patents are the core software technologies that form the basis of 'bullet proofing' IoT solution to secure our customer's enterprise solutions to enable: (a) an architecture for a security framework based on Blockchain specifications; b) a method and system for managing and securing distributed ledger for a decentralized peer-to-peer (p2p) network; c) a system for a shared and synchronous time series identification that matches a hardware clock-generating signal of a blockchain identified node device, with a generated data event time stamp and shared by all computing nodes participating in a complete system based on a blockchain design pattern and protocol; d) a method and system for enabling IoT security using a decentralized IoT security platform that leverages the advanced communication and blockchain security thread model to protect IoT eco-systems. With these unique core capabilities, a system with IoT solutions with these characteristics can be safely characterized as 'hack proof' in the cloud based distributed business environment. Moreover, it has been proven by our customers based on our platform technology partner, Renesas (TSE: 6723) and IBM."

For more information, please read the 8K filed with the SEC on March 26, 2021 or download the Shareholders' Update Letter at https://www.lifeonearthinc.com.

About Life On Earth, Inc.

Life On Earth, Inc. ("LFER") is a Cloud Enterprise software developer and a provider that enables rapid innovation that keeps the Cloud enterprise operations safe, compliant and manageable. The products were designed to help organizations innovate and modernize legacy systems while minimizing cost and risk of business disruptions and ensure regulatory compliance. For more information, please visit our corporate website - www.lifeonearthinc.com.

Investors and corporate inquiries, please contact: info@lifeonearthinc.com | (646) 844- 9897

About SmartAxiom, Inc.

SmartAxiom's software manages and secures IoT devices through patented, lite blockchain technology running among those devices at the edge of the Internet - enabling them to defend themselves. Our peer-to-peer distributed ledgers improve security, latency, reliability, and manageability. We uniquely create the first true endpoint-to-cloud blockchain solution, while our IoT Smart Contracts push intelligence to the edge. SmartAxiom technology is proving valuable in many verticals such as smart buildings, manufacturing lines, in vehicles and shipment tracking. It interoperates with enterprise systems such as IBM Blockchain and Microsoft Azure and is proven on many ARM and Intel based microcontrollers such as those from Intel, NXP, Renesas, Marvell, and Broadcom. www.smartaxiom.com

Conclusion

With only approximately 27 million common shares outstanding (pre-acquisition of SmartAxiom) and a share price of $.17 yielding a market cap of about $4.3 million, LFER shares are highly leveraged to enjoy the potential benefits of what could be enormous sales in a world growing more desperate for protections that really work to prevent costly data breaches and ransoms. With such an enormous unmet need for effective cybersecurity and with LFER appearing to finally be the unrivaled solution, the future for SmartAxiom and LFER appear to be stellar.

Partial List of IoT Stocks

T, DXCM, ST, BMI, JCI, ARLO, GRMN, ACN, BB, AMT, STM, ADSK, PI, ARW, ALRM, AVT, CAMP, SNSR, HON, CSCO, AYI, AVGO, ROK, AAPL, ABB, MSFT, CAT, IBM, TXN, BDC, INTC, ADI, QCOM, NXPI, AMD, BSQR, AMBA, EMR, ST, PTC, HON, SWKS, QCOM, AYX, FSLY

Exhibits

SPLK Annual Report filed with EDGAR reports over half of all revenue is spent on Sales & Marketing

CRWD Annual Report filed with EDGAR reports close to half of all revenue is spent on Sales & Marketing

OKTA Quarterly Report Filed with EDGAR reports over half of all revenues are spent on Sales & Marketing

ZS Quarterly Report Filed with EDGAR reports over half of all revenues are spent on Sales & Marketing

PFPT Quarterly Report Filed with EDGAR reports close to half of all revenues are spent on Sales & Marketing

PANW Quarterly Report Filed with EDGAR reports close to half of all revenues are spent on Sales & Marketing

Safe Harbor Act & Disclosure

Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Life on Earth, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements, including those relating to the Company's financing being adequate for the Company to develop and market its software products, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Life on Earth, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Life on Earth, Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Life on Earth, Inc.'s filings with the Securities and Exchange Commission at www.sec.gov. BioResearchAlert has been compensated to write this article.

 SOURCE: BioResearch Alert