PARK RIDGE, Ill., Feb. 27, 2015 /PRNewswire/ -- (OTC: WFMC)
WHAM Inc. and its new Mobile Communications Division is
targeting the rapidly growing Mobile Communications Market and the
need for secure communication. Showing a firm commitment to
this new market, several important achievements have already been
announced:
- 2014, Dec 8 – WHAM announced the
signing of a Letter of Intent to purchase an interest in UPONUS
Technologies LLC of Wilmette, IL
with an option to negotiate for the rights to license their
patented encrypted mobile communications technology for the
consumer marketplace
- 2015, Jan 14 – WHAM announced the
completion of its investment with UPONUS Technologies LLC
- 2015, Feb 18 – WHAM announced the
signing of an exclusive Licensing Agreement with UPONUS
Technologies LLC giving WHAM exclusive rights to sell a customized
secure mobile communications application within the US Consumer and
Small Business Markets built on UPONUS' patented encrypted mobile
communications technology
Further showing WHAM's commitment to this market, critical
current activity is worth mentioning:
- S-1 registration is in process (WHAM is refraining from
releasing any new information on the S-1)
- IT infrastructure for dedicated Secure Mobile Communication
Environment to support millions of subscribers is being
finalized
- Consumer-specific application modifications and functionality
reviews are accelerating
What will WHAM's Secure Mobile Communications Application
Do?
WHAM's first mobile communications application is code-named the
"WHAM Secure Mobile Application," or "WSMA" for short. Using WSMA
on your smartphone will protect your privacy by encrypting all
voice and text communications as well as file transfers. (File
transfers can include any file type such as: documents, pictures,
audio, and videos.) WSMA also features App
Lock and App Delete functions should your device be
compromised. The bottom line is – ALL calls, ALL texts, and ALL
files transferred within WSMA by subscribers are encrypted and are
kept completely private and secure.
What Makes WSMA Superior to the Competition?
All mobile communications applications are NOT created equal
because all encryption methods are not created equal! Some apps are
not designed for privacy and some do not use encryption at all. In
fact, some openly collect your information. Others use encryption
methods that are susceptible to privacy breaches because the
encryption keys can be stolen or the encryption can be easily
decrypted. WSMA is superior because the technology is not
susceptible to any form of known attacks, such as linear or
differential attacks, man-in-the-middle attacks, and theft of keys.
WSMA is superior because even if someone could track all the data
coming to and from your smartphone, they could only access data
OUTSIDE of WSMA – all WSMA contacts, calls, texts, attachments, and
other data are kept completely private and secure.
WSMA offers superior secure mobile communications using a
level of encryption that is patented and light-years ahead of the
competition. As soon as it launches, WSMA will instantly be
considered "best in class" and the most secure consumer mobile
communications application in the world!
How Does WSMA Use Patented Encryption to Provide Best in
Class Secure Mobile Communications?
WSMA does not store keys and keys are used only once on a single
packet and then discarded, never to be used again. In fact, WSMA
doesn't even share keys with others within its Secure Mobile
Communication Environment. On a typical WSMA call – using
patented technology – over 100 unique different keys are used
during each second of the phone call, one for each of the 50 voice
packets from the sender and one for each of the 50 voice packets
from the receiver talking back. While our competitors may offer one
new secret key for each new call, WSMA uses nearly 6000 unique
random keys every minute (100 keys X 60 seconds). WSMA also uses a
different unique random secret key on every text and every
attachment.
Why enter the Mobile Communications Market?
Several factors have contributed to WHAM's decision to enter
this market. First, mobile devices in the form of smartphones,
tablets, and other mobile devices are already everywhere and they
are still increasing in popularity. Total smartphone subscriptions
reached 1.9 billion in 2013 and are expected to grow to 5.6 billion
in 2019. Second, the same sources forecasting the future increases
in mobile devices are likewise forecasting that the mobile security
technology market will hit $2.9
billion by 2017 and grow to $4.82
billion by 2019, at a Compound Annual Growth Rate (CAGR) of
21.1% during the forecast period 2014-2019. Third, consumer privacy
concerns multiply with each newsflash about another security breach
or spying scandal. Fourth, the increasing reliance on mobile
devices for the vast majority of daily communications (voice, text,
file transfers) and for safekeeping of important personal
information/files – ALL OF WHICH WE EXPECT TO BE KEPT PRIVATE AND
SECURE! Understanding the implications of these factors, WHAM
decided to enter the Mobile Communications Market to serve
consumers' secure mobile communications needs.
About Us
Woodman Holdings Asset Management Inc. (WHAM Inc.) is a
diversified holdings company established for the purpose of
investing in and/or acquiring businesses and distressed asset
classes. We operate in six business areas: Investments, Mobile
Gaming, Proprietary Trading, Apparel, Fine Art, and Secure Mobile
Encryption Technology. The company acquires businesses through
mergers, stock exchanges, asset acquisitions, or reorganization. We
explore innovative financial solutions in order to facilitate
global investments for wealth creation and life quality
enhancement. We also provide connectivity between the capital
markets and knowledge driven investors, profiteering from yielding
investments. The operating principles that guide our organization,
our conduct, and our relationships are simple and are designed to
create a different type of company, which honors God and people.
The company has a disciplined approach to its actions and
investments.
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.
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SOURCE WHAM Inc.