WorldFlix to Secure Cryptocurrency Platform and Move
Forward with Regulation A + Offering
Los Angeles,
CA -- March 06, 2018 -- ADVFN Crypto NewsWire -- WorldFlix, Inc.
(OTC:WRFX) and its global cybersecurity
software subsidiary Paranotek today announced that a West Indies
based digital currency exchange and cryptocurrency trading platform
investment group has requested multiyear terms and conditions for
licensing Paranotek's post quantum-computing resistant encryption
technology in a mutual Letter of Intent (LOI).
SECURING THE BLOCKCHAIN
"We've been very busy this
year with multiple cybersecurity business opportunities in the
United States, Asia and Europe," stated Mick Davis, CEO of
Paranotek. "We are thrilled to have Paranotek's encryption
capabilities recognized by these successful digital currency
pioneers and to be invited to partner in joint opportunities within
their billion-dollar global cryptocurrency ecosystem."
Currently
under a strict non-disclosure agreement, principals of the
cryptocurrency investment group with offices in Hong Kong and
Miami, Florida, stated in a joint conference call that "securing
their distributed ledger platform infrastructure and customer
endpoints with the Paranotek Protocol will be an attractive
capability." The investment group intends to leverage Paranotek's
encryption technology to secure their digitized assets as they
launch into new markets with their next-generation blockchain
trading platform and bridge legacy foreign currency
exchanges.
REGULATION A + OFFERING
WorldFlix is
in the process of filing for a Regulation A + offering. Regulation
A+, as mandated by the JOBS Act and introduced on March 25, 2015,
gives non-SEC reporting companies the ability to raise up to
$50,000,000 in a 12-month period.
"We are at a
positive tipping point," stated Brad Listermann, CEO of WorldFlix.
"Last year we started to pursue a Regulation A + offering and are
now in an optimal position to execute it. This Regulation A +
offering is an excellent opportunity, not just for WRFX but also
for our shareholders. This type of offering allows every day,
non-accredited investors to invest in the Company and is a very
affordable approach for the Company to raise funds."
"In order to
open up our Regulation A + offering we need to increase the
Company's outstanding shares by 10 billion shares. We recognize
this may be unpopular at first glance, but in reality, it's the
best way for us to raise the funds and maintain control of the use
of shares. We plan to only use what is needed, when it's needed,
for major milestone projects allowing the Company to manage
potential dilution and minimize the cost of raising
funds."
"Our first
order of business will be to use enough funds to successfully
deliver a revenue producing secure instant messaging product and
support the efforts in securing our digital currency exchange
partners. We are all very excited about the revenue potential of
our encryption technology in the secure instant messaging and
global cryptocurrency markets," concluded Listermann.
About WorldFlix, Inc. (www.worldflix.co)
WorldFlix,
Inc. (OTC PINK:WRFX) operates in a niche business
space within the technology and entertainment sphere. WorldFlix
divisions include AppFarm, an investment ecosystem 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 security
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.
About Paranotek (www.paranotek.com)
Paranotek is a
partnership between WorldFlix, Inc. whose foundation began as a
Finnish technology and design company working with US partners.
Paranotek's products range from securing big data storage, virtual
private networks, cryptocurrency safety, file sharing and instant
messaging services to various enterprise software utilities, 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.
CONTACT
INFORMATION
WorldFlix,
Inc. (OTC:WRFX)
Brad
Listermann
Chairman and
CEO
(310)
684-2462
brad@worldflix.co