NEWS!!!!!!!!!! Investment from National Capital
Post# of 6614
(Total Views: 360)
Posted On: 05/29/2018 10:54:11 AM
NEWS!!!!!!!!!!
Investment from National Capital Region
Cleared Defense Contractor to Facilitate
Development of Post Quantum
Computing-Resistant Encryption Integration
Solutions
LOS ANGELES, May 29, 2018 -- Paranotek, LLC a wholly owned subsidiary of WorldFlix, Inc.
(OTC: WRFX), today announced a financial investment from an undisclosed cleared defense
contractor to develop a series of Application Programming Interfaces (API) to its patent pending
Post Quantum-Computing Resistant Encryption Protocol, called Parano™ to license to big data
integrators in the lucrative United States Government big data market.
During a trip to the Washington DC area last week, Paranotek CEO Mick Davis and members of
his security solutions team met with a number of cleared defense contractors serving the United
States Defense Information Systems Agency (DISA), Department of Homeland Security (DHS),
Department of Defense (DoD) and the US Intelligence Community (IC) as well as a senior
technical representative from the United States Naval Air Systems Command (NAVAIR).
Mr. Davis stated, “honoring the strict confidentiality of these partners, the trip was very
productive, and we are pleased to have receive a targeted investment from one of these partner
cleared defense contractors to develop a series of Parano™ Software Development Kits (SDK) to
facilitate the security of their big data and FedRAMP cloud integration solutions”.
In addition to the API investment news, Davis said, “Paranotek is formulating the contract and
technical details to license Parano™ to a world-class aerospace data information system
company including co-developing a revenue generating app for one of their aviation related
products”.
Mick and his team were encouraged to pursue a coveted Cooperative Research and Development
Agreement (CRADA) within a joint agency agreement between the US Navy and Defense
Advanced Research Projects Agency (DARPA) to address a number of security topics to
advance data integrity and security within the global aviation community.
About WorldFlix, Inc. (www.worldflix.co)
WorldFlix, Inc. (OTC PINK: WRFX) is a Nevada corporation focused on entertainment,
software and security company. Through our subsidiary co-investment holdings and affiliate
partnerships, we provide a variety of tools and software applications including our own
proprietary mobile applications as well as innovative resources for partners to enhance and
secure their existing platforms. WorldFlix, Inc., the parent company, also works in innovating
video production and entertainment.
For more information on WorldFlix, Inc., please visit www.worldflix.co. ($WRFX)
About Paranotek (www.paranotek.com)
Paranotek is a global innovation company focused on developing and licensing robust
technologies that increase personal and corporate information privacy and security through
breakthrough advancements in encryption software. Paranotek’s foundation began as a Finnish
technology and design company working together with US partners. Paranotek has developed a
patent pending encryption protocol called Parano ™ that is can be integrated into existing
software and apps for everyday life.
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
CONTACT INFORMATION
WorldFlix, Inc. (OTC: WRFX)
Brad Listermann
Chairman and CEO
(310) 684-2462 / brad@worldflix.co
https://www.otcmarkets.com/stock/WRFX/news/In...?id=193857
Investment from National Capital Region
Cleared Defense Contractor to Facilitate
Development of Post Quantum
Computing-Resistant Encryption Integration
Solutions
LOS ANGELES, May 29, 2018 -- Paranotek, LLC a wholly owned subsidiary of WorldFlix, Inc.
(OTC: WRFX), today announced a financial investment from an undisclosed cleared defense
contractor to develop a series of Application Programming Interfaces (API) to its patent pending
Post Quantum-Computing Resistant Encryption Protocol, called Parano™ to license to big data
integrators in the lucrative United States Government big data market.
During a trip to the Washington DC area last week, Paranotek CEO Mick Davis and members of
his security solutions team met with a number of cleared defense contractors serving the United
States Defense Information Systems Agency (DISA), Department of Homeland Security (DHS),
Department of Defense (DoD) and the US Intelligence Community (IC) as well as a senior
technical representative from the United States Naval Air Systems Command (NAVAIR).
Mr. Davis stated, “honoring the strict confidentiality of these partners, the trip was very
productive, and we are pleased to have receive a targeted investment from one of these partner
cleared defense contractors to develop a series of Parano™ Software Development Kits (SDK) to
facilitate the security of their big data and FedRAMP cloud integration solutions”.
In addition to the API investment news, Davis said, “Paranotek is formulating the contract and
technical details to license Parano™ to a world-class aerospace data information system
company including co-developing a revenue generating app for one of their aviation related
products”.
Mick and his team were encouraged to pursue a coveted Cooperative Research and Development
Agreement (CRADA) within a joint agency agreement between the US Navy and Defense
Advanced Research Projects Agency (DARPA) to address a number of security topics to
advance data integrity and security within the global aviation community.
About WorldFlix, Inc. (www.worldflix.co)
WorldFlix, Inc. (OTC PINK: WRFX) is a Nevada corporation focused on entertainment,
software and security company. Through our subsidiary co-investment holdings and affiliate
partnerships, we provide a variety of tools and software applications including our own
proprietary mobile applications as well as innovative resources for partners to enhance and
secure their existing platforms. WorldFlix, Inc., the parent company, also works in innovating
video production and entertainment.
For more information on WorldFlix, Inc., please visit www.worldflix.co. ($WRFX)
About Paranotek (www.paranotek.com)
Paranotek is a global innovation company focused on developing and licensing robust
technologies that increase personal and corporate information privacy and security through
breakthrough advancements in encryption software. Paranotek’s foundation began as a Finnish
technology and design company working together with US partners. Paranotek has developed a
patent pending encryption protocol called Parano ™ that is can be integrated into existing
software and apps for everyday life.
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
CONTACT INFORMATION
WorldFlix, Inc. (OTC: WRFX)
Brad Listermann
Chairman and CEO
(310) 684-2462 / brad@worldflix.co
https://www.otcmarkets.com/stock/WRFX/news/In...?id=193857
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