OTTAWA, June 4, 2014 (GLOBE NEWSWIRE) -- Validian Corp. (OTCQB:VLDI), first-to-market with next generation cyber security technology that provides secure access of critical applications and secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, today is pleased to provide an update on the development and commercial roll out its core, disruptive top-down cyber security technology platform, ValidianProtect. The current version 2.1 has been completed, including all features and capabilities for non-mobile and web applications.
Recently, Validian has completed the debugging of bugs in ValidianProtect identified by Channel Partners during usage following a series of installations made by Validian in Q4 2013 and Q1 2014. Validian is now upgrading each of these existing installations with the mutual objective of commencing the integration of ValidianProtect into their applications. Furthermore, Validian's Channel Partner for some major companies, organizations and certain countries in the Defense and Public Safety sectors is now continuing the integration of ValidianProtect into the first of its key applications that are deployed in these sectors.
Moreover, Validian has completed the development and testing of its first 3 phases for the migration of ValidianProtect to mobile platforms, initially for Google Android. Validian has already commenced the development of the final phase, which means Validian is still on target to launch ValidianProtect version 3.0 for mobile on Google Android in Q3 2014 followed thereafter on Mac iOS.
Bruce Benn, Validian President and CEO, commented, "We are very pleased to be making steady progress in installations, integrations into commercial applications and completion to mobile platforms, which will generate installed endpoints that not only generate revenue but also are the basis for transitioning from a pure cyber security technology play to an 'endpoint' play where M&A valuations increase significantly."
About Validian Corporation
Validian Corporation (OTCQB:VLDI) is first-to-market with next generation cyber security technology that provides secure access of critical applications and secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet. Validian technology enables the next generation of secure Mobile Communication, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com and in particular "About" Validian for more information on its digital asset solutions.
Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
Company: Bruce Benn, CEO and President 613.224.3535 Investor Relations: Howard Gostfrand 305.918.7000
