KELOWNA, BC, Sept. 6, 2018 /CNW/ - Hilltop Cybersecurity, Inc. - (CSE: CYBX) (OTC: CYBXF) ("CYBX" or the "Company") CYBX announced last week a deal with Island Mining wherein they provide security for Island Mining and its operations, CYBX announces an expansion of the definitive agreement and the award of exclusive distribution in Japan for Island Mining for its CryptoKEEP product and the back-end custodial solution for exchanges and mining operations.
"Japan represents a unique opportunity in the cryptocurrency world and we want to capitalize on it aggressively with our chosen partner Island Mining. We are thrilled with their expertise and we are excited to execute in this market and move to other markets which represent a similar opportunity," said Corby Marshall, CEO of Hilltop Cybersecurity, Inc.
"We are pleased that Hilltop has chosen to work exclusively with us. As we move to market with our new mining machine we feel that the number of wallets that we can co-sell and re-sell will be a huge target. We wanted a partner who could both commit and deliver the technology we need to fulfill the interest we expect from our customers," said Chris Filiatrault, founder of Island Mining.
Further details about the proposed transaction will be provided in a comprehensive news release if and when the parties enter into a definitive agreement.
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.
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SOURCE Hilltop Cybersecurity Inc.
For further information: Hilltop Cybersecurity, [email protected], +1-778-484-8028