WorldFlix Rapidly Gaining Market Notice as it Gears Up for First Stock Dividend and Swantry Launch
May 11 2017 - 8:30AM
InvestorsHub NewsWire
PALM SPRINGS, CA -- May 11, 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, recently filed for its first shareholder stock dividend
with FINRA to issue 1 share of Series B preferred stock for every
100,000 shares of common stock a shareholder owns as of the record
date to be set by the Company shortly. Each Series B share
will convert into 100,000 common shares. FINRA has set the
declaration date for today, May 11, 2017.
“We’ve been moving quickly on several fronts, and the market has
definitely taken notice. I’ve been shown newsletters and
stock boards that have been recommending WRFX, stating now is the
time to buy. The Company has been receiving more inquiries
from interested shareholders and market commentators as well.
The excitement seems to be building, and timing couldn’t be
better,” stated Brad Listermann, Chairman and CEO of WorldFlix.
“Now that FINRA has set the declaration date for the stock
dividend, our Board is determining a record date. Only
shareholders of record on this date qualify for the stock dividend.
For each 100,000 common shares owned as of that record date, the
Company will issue 1 share of Series B preferred stock to the
shareholder. This stock dividend is designed to double our
larger, current shareholders’ holdings over time, and the
shareholders I’ve spoken about this with are very excited. We
appreciate the support of our shareholders and are looking forward
to sharing our future success with them,” continued Listermann.
“We have also
made great strides on other fronts. We have launched the new
Swantry website www.Swantry.com, which is very thorough and
includes a demo of the app. As soon as we are confident the
Parano IP is properly protected, we are ready to pull the trigger
and release Swantry for purchase. The investors we have been
meeting with are just as excited as we are about Swantry and
Parano, and we expect to finalize funding
soon.”
Recently, WorldFlix has been meeting
with investment groups to
discuss financing terms to
buy the Company’s debt, assist with financial restructuring and
participate in its Regulation A+ offering of up to $15,000,000.
Additionally, Paranotek, the Company’s encryption subsidiary,
was invited and has begun the process to list on fundable.com for
up to $300,000 to be raised through the fundable.com angel
investors. In conjunction with the upcoming stock dividend
and funding, WorldFlix has also engaged Eilers Law Group P.A. and
has completed all necessary filings on OTC
Markets.
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.
About
Paranotek
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
CONTACT INFORMATION
WorldFlix, Inc. (
OTC:
WRFX)
Brad Listermann
Chairman and CEO
(310) 684-2462
worldflix@live.com