THE WOODLANDS, TX, May 29, 2018 (GLOBE NEWSWIRE) -- Optium Cyber Systems, Inc. (“Optium” or the “Company”) (OTC:OCSYD) (OTC:OCSY), a developer of a proprietary process that analyzes and identifies cyber security vulnerabilities in critical corporate IT infrastructures, would like to provide shareholders with a four year comparative analysis of the results of operations for the first quarters ending March 31.
GROSS REVENUE
The following table represents the gross revenue reported for each of the first quarters since 2014:
Year Gross Revenue
2014 $0
2015 $0
2016 $0
2017 $0
2018 $150,000
NET INCOME
The following table represents the net income for each of the first quarters since 2014:
Year Net Income (Loss)
2014 ($168,783)
2015 ($20,297)
2016 ($19,769)
2017 ($154,841)
2018 $38,303
“As a result of our entry into cybersecurity, we have successfully transitioned an operation that was continually losing money into one that is now turning a profit,” stated Mr. Rutherford, President of Optium Cyber Systems, Inc. “We accomplished this about-face in under nine months. Management expects this trend to continue with the ongoing efforts to develop new clients for the launched health care and mortgage applications and with the development of new processes and services for the oil & gas, defense and blockchain sectors,” continued Mr. Rutherford.
OUTLOOK
Based on already-signed deals, management expects revenues to meet or exceed those of the first quarter of 2018. The following table outlines the expected revenue, expenditures and net income for the remainder of 2018:
Year Gross Revenue Operating Expenses Net Income
Quarter 1 $150,000 $111,697 $38,303
Quarter 2 $200,700 $125,000 $75,700
Quarter 3 $200,700 $125,000 $75,700
Quarter 4 $200,700 $125,000 $75,700
Total $752,100 $486,697 $265,403
The outlook does not reflect any new business currently being negotiated or generated as a result of the entry into new sectors such as defense, oil & gas or blockchain.
About Optium Cyber Systems, Inc.
Optium Cyber Systems, Inc. has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure which is scalable to any size organization in any industry. The Company has recently launched in the health care sector, focusing on protecting health care facilities including hospitals, nursing homes and doctor’s offices from cyberthreats such as the manipulation of medical devices or theft of patient records. Optium Cyber Systems, Inc. is publicly traded having its common shares quoted on the OTC Markets under the symbol " OCSYD ".
Forward-looking Statements
This press release contains “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management’s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Optium cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management’s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company’s ability to retain key management and employees; intense competition and the company’s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Optium public filings. Optium undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Optium’s business, please refer to the risks and uncertainties detailed from time to time in Optium Inc.’s public filings.
For more information, please visit www.optiumcyber.com .
Optium Cyber Systems, Inc. Investor Relations Tom Nelson w: 1 (480) 326-8577 email: tenassociates33@gmail.com website: www.tenassociatesllc.ocm Emerging Markets Consulting, LLC Mr. James S. Painter III President w: 1 (321) 206-6682 m: 1 (407) 340-0226 f: 1 (352) 429-0691 email: jamespainter@emergingmarketsllc.com website: www.emergingmarketsllc.com Optium Cyber Systems, Inc. Operations George M. Rutherford President w: 1 (936) 559-7407 m: 1 (936) 689-7380 email: info@optiumcyber.com website: www.optiumcyber.com
