VENICE, Fla., April 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advanced Credit Technologies, Inc. ("CyberloQ" or the "Company") (OTC: ACRT) is pleased to announce the following update on the Company's business and information objectives going forward.
The Company has successfully developed its very first private blockchain (PBC) that offers the ultimate in protection for data being sent over the Internet. Private blockchains are faster, more efficient and more cost-effective than public blockchains, which require a lot of time and energy to validate transactions.
The first application of the CyberloQ PBC was an integration with a medical database. All patient data is block-chained during transmission. Patients accessing their medical information remotely use the CyberloQ App system to authenticate the use of the web portal.
The CyberloQ Vault also has the PBC integrated into it. The CyberloQ Vault allows companies to send and receive sensitive files and documents without using email. Both the senders and receivers of the information use the CyberloQ App to authenticate themselves. All files being sent are encrypted in storage and block chained during transmission.
The CyberloQ Apps and the CyberloQ PBC address the issues that prevent cyber-criminals from accessing sensitive data because we protect the data and the users of the data. The company feels it is well positioned in this ever-growing Cyber Security space as it has now started generating revenue and interest here in the US and abroad with its PBC, combined with CyberloQ is unique to the market.
The Company has created a brief VIDEO to explain the Blockchain in conjunction with CyberloQ; this combination separates Advanced Credit Technologies, Inc. from most if not all of its competitors in the Cyber-Security space.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
The Company discourages any and all promotional activity by non-Company actors, and encourages investors and potential investors to review the Company's public filings, its website and its press releases, and to discuss these matters with their personal legal and financial advisors. Non-Company newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, should not be relied on because these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and/or independent decision-making
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A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5a5bc0a7-8a06-49b2-b9de-f64743a35abe