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CashBowski Member Level  Monday, 09/21/20 09:46:40 AM
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BY GlobeNewswire
— 5:22 AM ET 09/21/2020

JACKSONVILLE, FL, Sept. 21, 2020 (GLOBE NEWSWIRE) -- BOTS, Inc. ( BTZI ) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that the Company is offering a portfolio of Cyber Security Services including cyber threat monitoring and analysis through Israel based operations centers, real-time monitoring, and industry-specific threat intelligence and incident response services. The Company is developing plans to set up operations centers in the U.S.

BOTS Inc cybersecurity services are supported by a cloud-based platform that delivers an uninterrupted threat intelligence monitoring through a portal that will be available on the Company website.

"Cybersecurity has become one of the most critical business necessities for all organizations worldwide in every industry," said Paul Rosenberg, Chief Executive Officer. "With the addition of BOTS Cyber - Security Services business, we will offer comprehensive cyber-security services for businesses to detect and manage threats and phishing attempts aimed at their companies and employees."

“Companies face an ever-increasing volume of cyber threats that are highly-sophisticated and targeted to their businesses. They can no longer rely simply on generic in-the-box solutions. With the BOTS Cyber Security Services business, we can now offer our clients services powered by advanced analytics, automation, and machine learning."- added Mr. Rosenberg.

Cybersecurity Ventures reported recently that the cybersecurity market is continuing its stratospheric growth and hurtling towards the trillion-dollar mark that we originally predicted on May 31, 2017. They anticipate 12-15 percent year-over-year cybersecurity market growth through 2021, compared to the 8-10 percent projected by several industry analysts.

The most massive cybersecurity budgets belong to Fortune 500 corporations, with financial institutions seemingly having the deepest pockets. In a 2018 letter to its shareholders, Jamie Dimon, chairman, and CEO at J.P. Morgan Chase & Co. , states that the financial services giant spends roughly $600 million each year on cybersecurity (up from a projected $500 million in 2016), with a staff of around 3,000 IT security people.

U.S. Government spending on cybersecurity

The 2019 U.S. President's budget includes $15 billion for cybersecurity, a $583.4 million (4.1 percent) increase over 2018. The Department of Defense (DoD) was the largest contributor to the budget. The DoD reported $8.5 billion in cybersecurity funding in 2019, a $340 million (4.2 percent) increase over 2018.

Driven by the federal government's desire to enhance agency cybersecurity posture at every possible level, Deltek forecasts the demand for vendor-furnished information security products and services by the U.S. federal government will increase from $10.9 billion in FY 2018 to over $14.1 billion in FY 2023 at a compound annual growth rate (CAGR) of 5.3 percent.

About BOTS, Inc. ( BTZI )

Headquartered in San Juan, Puerto Rico, BOTS, Inc. ( BTZI ) - publicly traded on the OTC Markets under the symbol (BTZI) and Börse Stuttgart under the ticker (M06.SG) - is a diversified company developing and servicing blockchain and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA) and cyber-security services.

Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.

Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/

Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

Find BTZI news at http://www.bots.bz

Bots, Inc. ( BTZI ) has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.

For more information, visit http://www.bots.bz

Visit BTZI on Facebook


Follow BTZI on Twitter @Bots_bz

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.


Paul Rosenberg



Source: Bots, Inc. ( BTZI )

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