LOS ANGELES, CA--(Marketwired - Jul 6, 2017) - WorldFlix, Inc. (
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. (
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.
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WorldFlix, Inc. (
