Long Awaited News: Wham Inc Signs the Contract with UPONUS Technologies, LLC
December 17 2014 - 12:56PM
Access Wire
Park Ridge, IL / ACCESSWIRE / December 17, 2014
/ Good Afternoon shareholders, Woodman Holdings is excited
to announce that they have signed an agreement to fund its minority
investment in UPONUS Technologies, LLC. "We have initiated the
funding of our investment and, once our funding commitment is
fulfilled, we look forward to working out the terms of a license
agreement for UPONUS' secure mobile application for the consumer
market in the United States," said COO Theodore Fotsis. The company
is excited to have reached this initial milestone and hopes that
WHAM will soon be able to focus on cyber security issues in
consumer mobile market. UPONUS' secure mobile application software
not only encrypts all phone calls and text messages, it also allows
a user to send encrypted files, which we believe is becoming a
urgent necessity.
The decision of our Board of Directors to work with UPONUS was
in part due to UPONUS' unique position and its expertise in the
software encryption world. UPONUS holds a patent in a method of
encryption unlike current standards, and the mobile app is built
upon this proprietary technology. In addition, UPONUS has applied
for patent protection for its key management system, an important
component of the mobile app. The uniqueness of UPONUS' technologies
comes in part from its unconventional origins. It is predominantly
known throughout the cryptography world that practical knowledge of
the chaos theory is essential in designing encryption algorithms.
The founder and chief scientist of UPONUS Technologies, Thomas
Volpert gained this knowledge early in his career while developing
gaming designs. He has many method patents, which is the broadest
type of patent protection, including a patent of version of
Tic-Tac-Toe (Patent: US4813681) and a Card Game Puzzle (Patent:
US4838551). Mr. Volpert has developed over ten different board and
card games, and during that process, Mr. Volpert honed and
perfected his skills of creating and managing chaos in all his
gaming designs. This creation and managing of chaos became
essential for the encryption algorithms that he created. When you
mangle or encrypt data you must instantly use maximum chaos and
when you decrypt it you must restore it to its exact previous
state. It takes more than just technique and skill in order to
create a secure mobile encryption. There is a fine art and science
behind the manipulation and creation of data in mixing secret keys
into the encryption and decryption process.
We will continue to keep the investment community informed about
company doings through its social media networks and Accesswire
press releases. Wham Inc would like to thank all shareholders for
their great patience and support of the company throughout the
development, marketing and launch of its brand and platform. Follow
us on Accesswire, Twitter, Facebook and Google+ as we prepare to
announce our offering onto these social media and news wire
outlets.
About Us:
Woodman Holdings Asset Management Inc (WHAM Inc) is a
diversified holdings company established for the purpose of
investing in or acquiring businesses and distressed asset classes.
We operate in four business areas: Investments, Proprietary
Trading, Fine Art and Technology.
www.whamcorp.us
Forward-Looking Statement
This Press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
Contacts:
Wham Inc. Investors Relations Department contact us via email
at: investorrelations@whamcorp.us or for all general inquiries
contact us via email at: info@whamcorp.us
SOURCE: Wham Inc.
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