Virogen's CEO Comments on Recent Data Breaches SAN GERONIMO, Calif., May 22, 2012 (GlobeNewswire via COMTEX) -- Paul Hogan, CEO of T3, a subsidiary of Virogen Inc. (OTC:VRNI), a technology holding company, commented today on recent high profile data breaches, highlighting capabilities of the comprehensive encryption, tracking and liability protection solutions provided by its wholly-owned subsidiary, Tiger Team Technologies' "T3."
In recent months, severe data breaches were announced by several private and public entities worldwide. Email hacking continues to be a major issue and has reached epidemic proportions. In a majority of cases these announcements regularly reveal that millions of individual email addresses are exposed in an attack. Furthermore, security experts are warning users to brace for a tidal wave of more precise spear phishing attacks.
Also, recently it has been revealed that certain email accounts at the U.S. Defense Department and State department have been compromised. Paul Hogan, CEO of Virogen, Inc., commented on T3's "Auditrac" and "Encryptrac" technology designed to provide the highest level of protection for email and data transmissions for large enterprises.
SAN GERONIMO, Calif., March 8, 2012(GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company is in discussions with a major worldwide retail chain to market the company's consumer data tracking product currently being developed with its laptops and PC's.
Virogen's wholly-owned subsidiary, Tiger Team Technologies, is developing a new consumer product that will serve as a data protection and tracking solution for personal credit card transactions online and anticipates its completion by the end of the first quarter. T3's new product will provide consumers' laptops and home PC's with a tool that will track all of their visits and transactions online and then communicate that record in an encrypted method to the company's secure servers where the consumer can access all of this information via a secure login and password.
SAN GERONIMO, Calif., Feb. 9, 2012 (GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company is in discussions with a European hedge fund to secure long term financing for the commercialization of its products and services worldwide.
Negotiations are ongoing in the development of a term sheet; however, the general parameters of the financing package have been discussed and agreed to in principal by both parties. Virogen will use the proceeds from this financing to assist the company in its worldwide expansion and acquisition of contracts that the company believes can generate millions in revenue. Management believes that multinational corporations and governments worldwide are looking for and willing to pay for innovative security solutions to address the epidemic of data breaches. Virogen Announces Plans to License Its Data Encryption and Tracking Solutions Overseas
SAN GERONIMO, Calif., Jan. 19, 2012 (GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company is in discussions to license its proprietary technology to an investment group that will focus on marketing solutions within the network security space worldwide.
The investment group and the proposed management team have high level contacts in banking and finance and primary industries worldwide and plans to form an entity based on the suite of tools developed and marketed by the company's wholly owned subsidiary, Tiger Team Technologies "T3" that focus on enterprise-level data encryption and tracking solutions. T3 expects to conclude a licensing agreement by the end of the first quarter and realize significant revenue streams from the agreement by the fourth quarter 2012. Specific terms of the licensing agreement are yet to be determined.
IN 2011 Virogen, Inc. (Sym VRNI), a Technology Holding Company and Incubator, Introduced Its Wholly Owned Subsidiary,
Tiger Team Technologies
Tiger Team Technologies or T3 Has Developed an Innovative Suite of Tools to Address the Ever Present and Growing Problems Enterprise Level Companies Are Facing With Data and Internet Security
Virogen, Inc., a Technology Holding Company and Incubator, Will Be Commercializing the Technology Developed by Its
Wholly Owned Subsidiary Tiger Team Technologies (T3) Throughout the Balance of 2011 and Into 2012
VRNI Virogen Inc, a Technology Holding Company and Incubator, Offers a Comprehensive Solution in the Network
Security Markets Worldwide and Across Industry Lines Through Its Subsidiary Tiger Team Technologies
Virogen Inc. Begins Building Salesforce for Its T3 Subsidiary in Strategic American Markets
*KEY POINTS FOR VRNI A TECHNOLOGY HOLDING COMPANY AND ITS SUBSIDIARY TIGER TEAM TECHNOLOGIES "T3"* T3, a subsidiary of Virogen Inc (Pink Sheets:VRNI), a technology holding company, today announced that the Company has added a sales team for its wholly-owned subsidiary, Tiger Team Technologies "T3," in Minneapolis, MN.
T3, based in California, plans to continue expanding its salesforce by adding teams in San Francisco, New York, Chicago and Dallas within the next three months. The Company has chosen Minneapolis as its first target market because the city has a very large number of Fortune 500 company headquarters. T3's copyrighted proprietary security software and hardware solutions are designed to provide enterprise level clients with an unprecedented level of data and document security, encryption, tracking and liability protection.
"We are excited to begin strategically building our salesforce to market our unique suite of data and document security solutions to the largest enterprise companies in the US. Minneapolis is an ideal place to begin because of the high density of Fortune 500 companies, particularly those in the medical and financial fields, which require the highest level of security in addition to the insurance and legal industries," commented CEO of Virogen, Inc., Paul Hogan.
"Within the next few months, the company plans to continue expanding our salesforce into the largest markets for our solutions in the US. Once this groundwork is laid, we believe that the sales process will grow rapidly due to the unique and superior capabilities of level of our data security and tracking solutions that none of our competitors can match. Additionally, our solutions offer a unique and extremely high level of liability protection for our clients which is of the utmost importance to them and also offer a tremendous value proposition due to our pricing model," continued Hogan.
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