Date: May 4 2017 13:00pmSource: InvestorsHub NewsWireStock: Worldflix, Inc. (PC)Quote: 0.00 +0.00 (+16.67%)
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WorldFlix Jumps into the $90 Billion Information Security Market with Enterprise Security Solutions
PALM SPRINGS, CA -- May 04, 2017 -- InvestorsHub NewsWire -- WorldFlix, Inc. (OTC: WRFX), along with its subsidiary Paranotek, a mobile application and end-to-end encryption software company focused on corporate data security, today announced the company’s entry into the enterprise data security and information security markets with software solutions for corporate entities to monitor, manage, protect and filter company-wide devices. The company’s latest software solutions will allow corporations to keep their employees and data safe while also monitoring and analyzing potential breaches and productivity with real-time, centralized reporting.
According to Gartner, spending on information security is expected to reach $90 billion worldwide in 2017 and increase to approximately $113 billion by 2020. Increased spending on security is being driven by multiple factors, including government initiatives, increased legislation and high-profile data breaches.
WorldFlix and Paranotek recently announced the launch of a new, state-of-the-art encryption protocol Parano and its integration with the Swantry mobile app. 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. Parano provides the backend encryption and protection for Swantry’s messaging and privacy features. These same features are being incorporated into the company’s business enterprise data security and cybersecurity software to be used by corporations to monitor and protect all devices, data and messages.
“Parano is the new paradigm of encryption and security. Parano brings a new, unprecedented level of security to messaging, chat and data much like the level of security Blackberry brought to the market years ago. Blackberry’s protocols and servers were so secure, foreign governments threatened to ban or shut them down because the governments couldn’t hack them,” stated Brad Listermann, Chairman and CEO of WorldFlix. “Blackberry lost the security edge and Parano is taking over that space. Parano will give companies maximum coverage to keep data, privacy and employees safe.”
About WorldFlix, Inc.
WorldFlix, Inc. (OTC: WRFX) operates in a variety of niche businesses in the technology and entertainment sphere. WorldFlix divisions include AppFarm, a platform for acquiring, developing, and growing niche apps for mobile and tablet devices; Drobbits, an interactive platform that allows users to create, play and monetize their own video games; Paranotek, a Finnish technology and design company that incorporates its military-grade, proprietary security and privacy features when developing software and apps; Swantry, designed to allow parents to ensure their child is safe on their mobile device; and WorldFlix Entertainment Management, a television and movie development and management business. For more information on WorldFlix, Inc., please visit www.worldflix.co.
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.
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