|[October 24, 2017]|
LOS ANGELES, Oct. 24, 2017 (GLOBE NEWSWIRE) — WorldFlix, Inc. (OTC:WRFX), a mobile application and end-to-end encryption software company focused on corporate data security, today announced that international cybersecurity expert Mick Davis has been appointed as the new CEO of Paranotek, the company’s wholly owned security subsidiary.
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Mr. Davis is a highly respected senior veteran of the cybersecurity industry with a background in both commercial and military software and security. After 9-11, Mr. Davis returned to part-time military service to bring solutions to meet high value intelligence and diplomatic mission objectives in information operations and signal processing encryption and concluded his Intelligence Community career after a 3-year tour as a Senior Advisor at USCYBERCOM at Fort George G. Meade, Maryland, and with the Defense Intelligence Agency in Washington, D.C. Mr. Davis’ recent experience includes Chief of Asymmetric Engagements at Celsus Advisory Group and Senior Security Researcher at Cyber Fidelis, Inc. Mr. Davis has also served as a Director to the Board of the American Cable Television Association and has been a guest security expert at various industry conferences and on news stations to include FOX.
“After many years in the security industry witnessing organizations dealing with the exploitation and loss of confidential information to state sponsored actors, organized criminal enterprises and political hacktivists, I am incredibly impressed with Paranotek’s novel and frankly groundbreaking approach to encryption technology. Paranotek’s suite of solutions are far ahead of the curve in privacy and encryption technology. I originally discovered the company during my own research into messaging privacy solutions and met with the team based in Finland. I was amazed at the striking insight and progress that Lauri Tunnela and Johannes Maliranta achieved in applying quantum information theory to encryption methods. I am excited to be joining as CEO,” stated Mick Davis, new CEO of Paranotek. “Paranotek’s multi-level security and data-centric encryption software suite is ideal for the long overdue security transformation necessary for consumer credit data services, personal health care data, and political campaign information and donor data, just to name a few. The Quantum Cryptology Market is forecast to reach over US$2 Billion by 2024. Paranotek’s security solution will work with any existing database software and is completely scalable, making it easy to integrate and fulfill any size commercial or government need.”
Brad Listermann, Chairman and CEO of WorldFlix, added, “We could not be happier to have Mick join us as CEO of Paranotek. As a renowned expert in the cybersecurity field, Mick will bring invaluable security expertise and years of industry leadership to the helm as we roll out our premiere security product ‘Parano’. All of us at WorldFlix and Paranotek are pleased to welcome him aboard.”
Paranotek is a security software company that has developed ‘Parano’ as a post-quantum, cryptographic protocol, designed to withstand sophisticated security hacks both currently in use and expected in the future from super and quantum computers. The company’s latest security software solutions will allow corporations to keep their employees and data safe while also monitoring and analyzing potential breaches and productivity with real-time, centralized reporting.
About WorldFlix, Inc. (www.worldflix.co)
WorldFlix, Inc. (OTC PINK: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 (www.paranotek.com)
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.
WorldFlix, Inc. (OTC:WRFX)
Chairman and CEO