KELOWNA, BC, Aug. 31, 2018 /CNW/ - Hilltop Cybersecurity, Inc. (CSE: CYBX) (OTC: BGGWF) entered into a one year renewable contract with Twin-Soft Corp (Twin-Soft) today which allows Twin-Soft to exclusively sell CYBX products in the Middle East and North Africa, to include CyberEPM, Vauban and CryptoKEEP. The deal entails a minimum $1 million commitment of CYBX products to Twin-Soft's Value Added Re-Sellers (VAR) and distributors but is uncapped and has tremendous potential.
Corby Marshall, CEO Hilltop Cybersecurity, said, "We are thrilled to continue to execute on our plan of indirect sales channels in specific, targeted markets and we feel that the potential in the Middle East and North Africa is outstanding given the current environment in cybersecurity and cryptocurrency security. We are excited to work with an experienced seasoned partner like Twin-Soft that has the connections and the experience in this market to execute strongly and quickly."
Julie Holdren, Twin-Soft Corp, was quoted as saying, "The demand in international markets for next generation cyber and cryptocurrency software products developed in North America is growing rapidly. We are excited to have Hilltop Cybersecurity Software in our international security portfolio. The technology leadership they have shown fills a gap that is not currently available in this market and we are excited to help those customers protect themselves and their enterprises."
Further details about the proposed transaction will be provided in a comprehensive news release if and when the parties enter into a definitive agreement.
The principles at Twin-Soft have worked in the Middle East for over 12 years and have several noteworthy clients, sovereign funds and international regulatory bodies.
About Hilltop Cybersecurity
Hilltop Cybersecurity (CSE: CYBX) (OTC: BGGWF) is a cybersecurity and cryptocurrency security specialist. The Company has developed a unique, patented, cybersecurity platform, designed to protect businesses from external and internal cyber attack, and has also patented its biometric security solution for crypto-currencies.
Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management or the negative thereof or similar variations. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
Statements about the execution of a definitive agreement, closing of the proposed transaction, expected terms of the transaction, and the parties' ability to satisfy any and all other closing conditions, are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Company. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: general business and economic conditions will not change in a material adverse manner; and financing will be available if and when needed on reasonable terms. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the failure of counterparties to perform their contractual obligations, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transaction will occur or that, if the transaction does occur, it will be completed on the terms described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE Hilltop Cybersecurity Inc.
For further information: Hilltop Cybersecurity, [email protected], +1-778-484-8028