Related Quotes Sym. Price Chg. AMWI Trade News 0.058 -0.0022 Amwest Imaging Inc. Finalizes LokDrop-BION Agreement
Feb 10, 2012 14:12:51 (ET)
EVANSVILLE, IN, Feb 10, 2012 (MARKETWIRE via COMTEX) -- Amwest Imaging Incorporated (AMWI, Trade ) announced the agreement with BION Enterprises, LLC ( www.BionSmart.com ) and Amwest has been finalized, and both companies are working on completing the integration of BION's SmartFile technology with Amwest's LokDrop ( www.LokDrop.com ) secure file storage technology.
Lack of security of Digital media is a constant threat to many businesses, organizations and individuals. The file sharing industry today offers users a convenient way to share files, but with little or no security. Amwest and Bion will provide the tools needed to securely store, share and track users files through LokDrop with Bion SmartFile(TM) technology.
Jason Gerteisen, President of Amwest commented, "We are pleased to move forward with the technology integration and excited about the full version of LokDrop.com with BION SmartFile tracking in place. This will make privacy of files for our users easy to get and allow them to track who has viewed and shared files."
Users can take advantage of LokDrop Online Storage as their secured digital safe deposit box. You can access, store, share and backup digital information in a secure, private and encrypted location. Use it to access and share critical data from anywhere in the world. The beta accounts with BION's SmartFile technology are available for a limited time as the full version is expected in March. Currently a LokDrop account is $9.95/month with 50 gigs of storage.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
Contact: For Further Information Amwest Imaging Incorporated 812.250.4210
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