$VRNI -- Virogen Provides Update on the Developme
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$VRNI --
Virogen Provides Update on the Development of Its Consumer Data Tracking Solution and Discussions With a Major Retailer
Virogen Inc. (PINKSHEETS: VRNI), a holding company specializing in data security and encryption technology, today provided an update regarding the development of a consumer data tracking solution as part of its ongoing discussions with a major worldwide retail chain to include this new solution in its laptops and PCs.
Virogen's wholly-owned subsidiary, Tiger Team Technologies "T3", is developing this new consumer product that will serve as a data protection and tracking solution for personal credit card transactions online. T3's new product will provide consumers' laptops and home PCs with a tool that will track all of their visits and transactions online and then communicate that record in an encrypted method to the company's secure servers where the consumer can access all of this information via a secure login and password.
Since first announced by the Company in March, T3 has continuously made modifications and improvements to its consumer data tracking solution and anticipates that development of this product will be complete by the end of the first quarter of 2013. Virogen continues its discussions with a major worldwide retailer to offer the company's new consumer data tracking technology with its laptops and PCs, thus bundling its computer hardware division's product offerings and remains confident that an agreement can be reached.
"We are very excited to continue our consumer product development and discussions with a large retailer for the marketing of this solution as part of their computer hardware. This reinforces the company's belief that there is no solution on the market that consumers can use to specifically provide protection and tracking of personal online credit card transactions that provides the level of protection that our new solution will," commented Paul Hogan, CEO of Virogen, Inc.
"We continue to be very optimistic that these discussions will lead to a future agreement that would strategically position our consumer data tracking technology in the marketplace and potentially provide significant revenue for the company."
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