Jun 20, 2017
OTC Disclosure & News Service
IRVINE, Calif., June 20, 2017 (GLOBE NEWSWIRE) — Identillect Technologies Corp. (the “Company” or “Identillect”) (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID) a trusted leading provider of SaaS email security, is pleased to announce its continued monthly subscriber growth. Identillect has experienced subscriber growth during April and May that is 16 percent higher than its average monthly growth during Q1 2017. As businesses continue to increase their security budgets, the need for dynamic tools such as Delivery TrustTM are becoming more and more a business requirement.
Identillect CEO Todd Sexton stated, “We are very pleased to continue building our subscriber base. As it compounds, our high margin, recurring revenue is consistently increasing every month, and as a result we are nearing our goal of being cash-flow positive. We are the leader in multi-platform email security solutions for businesses and individuals, and anticipate further uptake as our resellers and potential clients, see a growing need to secure their corporate and clients’ sensitive data.”
Cybersecurity is one of the fastest growing sectors in the technology industry based on Steven Morgan Cybersecurity Industry Outlook: 2017-2021. Global spending will hit $1 trillion over the next 5 years. Cybercrime damages will exceed $24 trillion dollars over the same period of time based on the cybersecurity ventures 2016 report. Identity Theft Resource Center (ITRC) reported breaches involving email are the second most common type of breach incident.
Identillect Technologies is the leading provider of email encryption service Delivery Trust™, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.
Delivery Trust™ is an award winning, multi-platform plug-in, which gives users complete control of their emails, for one low price, one simple integration, complies with all regulations and most importantly provides peace of mind.
For more information, or your free trial, please visit www.identillect.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Chief Executive Officer
Identillect Technologies Corp.
Tel: (949) 468-7878
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