KELOWNA, British Columbia, Aug. 27, 2018 (GLOBE NEWSWIRE) — Hilltop Cybersecurity Inc, (“Hilltop” or the “Company”) (CSE: CYBX) (OTC: BGGWF), is pleased to announce a letter of intent (the “LOI”) with Island Mining of Japan.
Hilltop Cybersecurity has secured a new customer for its key frontline services including its core network infrastructure, threat orchestration, and cyberEPM for secure project management.
Hilltop received an order in excess of $1 million from Island Mining led by CEO Christopher Filiatrault, a company focused on cryptocurrency technology and cryptocurrency mining.
Corby Marshall stated: “Hilltop applauds Island Mining’s vision of building a crypto-mining business that mines and sells mining equipment based on the bedrock of known security procedures versus reactive security.”
“Island Mining has been researching cyber-security companies and looking into different solutions but ultimately chose Hilltop as they can provide the products, services and support our company needs. In the cryptocurrency mining industry, security is our number one concern as its imperative we protect ourselves, our clients and our customers,” Christopher Filiatrault, CEO of Island Mining.
Mr. Filiatrault CEO of Island Mining has 30 years of experience developing and leading teams in a variety of internet-based businesses. His most recent deal included founding and raising over 25 million USD for DMG Blockchain Solutions Inc., a company that specializes in crypto-currency and blockchain solutions. Island Mining is his current venture, a global mining development corporation capitalizing on the successful 7 nanometer technology.
Further details about the proposed transaction will be provided in a comprehensive news release if and when the parties enter into a definitive agreement.
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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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