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WorldFlix to Secure Cryptocurrency Platform and Move Forward with Regulation A + Offering
WorldFlix to Secure Cryptocurrency Platform and Move Forward with Regulation A + Offering
Los Angeles, CA -- March 06, 2018 -- ADVFN Crypto NewsWire -- WorldFlix, Inc. (OTC:WRFX) and its global cybersecurity software subsidiary Paranotek today announced that a West Indies based digital currency exchange and cryptocurrency trading platform investment group has requested multiyear terms and conditions for licensing Paranotek's post quantum-computing resistant encryption technology in a mutual Letter of Intent (LOI).
SECURING THE BLOCKCHAIN
"We've been very busy this year with multiple cybersecurity business opportunities in the United States, Asia and Europe," stated Mick Davis, CEO of Paranotek. "We are thrilled to have Paranotek's encryption capabilities recognized by these successful digital currency pioneers and to be invited to partner in joint opportunities within their billion-dollar global cryptocurrency ecosystem."
Currently under a strict non-disclosure agreement, principals of the cryptocurrency investment group with offices in Hong Kong and Miami, Florida, stated in a joint conference call that "securing their distributed ledger platform infrastructure and customer endpoints with the Paranotek Protocol will be an attractive capability." The investment group intends to leverage Paranotek's encryption technology to secure their digitized assets as they launch into new markets with their next-generation blockchain trading platform and bridge legacy foreign currency exchanges.
REGULATION A + OFFERING
WorldFlix is in the process of filing for a Regulation A + offering. Regulation A+, as mandated by the JOBS Act and introduced on March 25, 2015, gives non-SEC reporting companies the ability to raise up to $50,000,000 in a 12-month period.
"We are at a positive tipping point," stated Brad Listermann, CEO of WorldFlix. "Last year we started to pursue a Regulation A + offering and are now in an optimal position to execute it. This Regulation A + offering is an excellent opportunity, not just for WRFX but also for our shareholders. This type of offering allows every day, non-accredited investors to invest in the Company and is a very affordable approach for the Company to raise funds."
"In order to open up our Regulation A + offering we need to increase the Company's outstanding shares by 10 billion shares. We recognize this may be unpopular at first glance, but in reality, it's the best way for us to raise the funds and maintain control of the use of shares. We plan to only use what is needed, when it's needed, for major milestone projects allowing the Company to manage potential dilution and minimize the cost of raising funds."
"Our first order of business will be to use enough funds to successfully deliver a revenue producing secure instant messaging product and support the efforts in securing our digital currency exchange partners. We are all very excited about the revenue potential of our encryption technology in the secure instant messaging and global cryptocurrency markets," concluded Listermann.
I'm here for my money
