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VANCOUVER, May 19, 2016 /CNW/ - VirtualArmor International Inc. ("VirtualArmor" or the "Company") (CSE: VAI) (Frankfurt: GR9) is pleased to announce that it is implementing an online marketing and awareness program through AGORACOM.
VirtualArmor will receive exposure through content brand insertions on the AGORACOM network and search engine marketing over the next 12 months. In addition, exclusive sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to raise the brand awareness of the Company.
Todd Kannegieter, President and CEO of VirtualArmor stated, "AGORACOM has proven to be a leader in the online marketing space. We are delighted to have retained their services to expand our online presence."
VirtualArmor intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing and branding services (the "Advertising Services"). Pursuant to the terms of the agreement, the Company will issue CAD$50,000 of common shares to AGORACOM over a 12 month period on or before the following dates:
- $10,000 of common shares on or before May 19, 2016
- $10,000 of common shares on or before August 19, 2016
- $10,000 of common shares on or before November 19, 2016
- $10,000 of common shares on or before February 19. 2017
- $10,000 of common shares on or before May 19, 2017
The number of common shares to be issued at the end of each period will be determined by using the closing price of the common shares of VirtualArmor on the Canadian Securities Exchange or such other exchange as it may determine on the first trading day following each period for which the common shares are to be issued.
AGORACOM is the pioneer of online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served.
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor's services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center ("SOC") located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor's team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.
This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. 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. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the effectiveness of AGORACOM and the effectiveness of the Company's products and services. Although the Company's management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. 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. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the Canadian Securities Exchange, consumer sentiment towards the Company's products and services, technology failures, competition, litigation, and failure of counterparties to perform their contractual obligations and other risks detailed from time to time in the filings made by the Company. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
For further information: Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, [email protected]; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, [email protected]