Yeppers...
WorldFlix Eliminates Dilutable Debt For 2019
PRESS RELEASE PR Newswire Jan. 9, 2019, 09:20 AM
LOS ANGELES, Jan. 9, 2019 /PRNewswire/ -- WorldFlix, Inc. (OTC: WRFX), a world-class provider of innovative and disruptive cybersecurity and mobile software, today announces it has eliminated all dilutive debt notes with Blackbridge Capital Growth and their affiliates, Black Bridge Capital, Tri Bridge Ventures, L2 Capital as well as long time investment patron Apollo Capital.
The Company Founder and Chief Executive Officer Brad Listermann stated, "This is a significant milestone in reshaping our business stability and strengthen our value proposition. By eliminating 100% of convertible debt from Blackbridge and recharacterizing our remaining debt in an attractive agreement with Apollo, we are positioned to attract institutional investment banking relationships as we start to launch our products."
A satisfied Brad Listermann stated, "We want to thank our long-term investors who helped us get to this tipping point." The entrepreneurial founder mentioned, "We are blessed to have earned the trust, investment capital and faith of this elite and stalwart group. Their perseverance enabled us to focus the efforts of our Paranotek development team full time and create critical joint venture partnerships."
"We are also interviewing candidates with expertise in securities and finance to establish an outside audit committee independent of management to work with our new chief financial officer," said Brad. "This group will part of our independent governance committees as we pursue our goal to uplift our stock in value and marketplace."
Wholly owned subsidiary Paranotek CEO Mick Davis expressed high confidence with the 2019 roadmap for the entire WorldFlix team and co-investment affiliates. "I am very enthusiastic and eager for the future of our quantum computing resistant encryption apps and subscription service and their unique revenue potential. As we meet our technical and funding milestones, we will be unabashed in sharing our vision regarding the Paranotek evolution to contribute the privacy and security community."
ABOUT PARANOTEK, LLC.
Paranotek is a global innovation company focused on developing mobile apps and licensing robust technologies that increase personal and corporate information privacy and security through breakthrough advancements in encryption. Paranotek's foundation began as a Finnish technology and design company working together with US partners. Paranotek has developed a patent-pending encryption process called Parano™ that can be integrated into existing software and apps for everyday life. For more information on Paranotek, please visit
ABOUT WORLDFLIX, INC.
WorldFlix, Inc. (OTC PINK: WRFX) is a Nevada corporation focused on entertainment, software, and security company. Through our subsidiary co-investment holdings and affiliate partnerships, we provide a variety of tools and software applications including our own proprietary mobile applications as well as innovative resources for partners to enhance and secure their existing platforms. WorldFlix, Inc., the parent company, also works in innovating video production and entertainment. For more information on WorldFlix, Inc., please visit
