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Plurilock Appoints Tucker Zengerle as Chief Operating Officer

Vancouver, British Columbia--(Newsfile Corp. - March 22, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solutions provider for workforces, has announced that Tucker Zengerle will be joining the Company as its Chief Operating Officer (COO).

With more than two decades of experience in scaling operations and driving company growth in the financial technology sector, Zengerle served as Vice President of Operations at QOMPLX prior to joining Plurilock, where he prepared the organization to complete its public listing and managed the acquisition and integration of two other companies.

Zengerle has also worked in several C-level and related operational roles for banking, private equity, and cybersecurity companies including Dun & Bradstreet, Natland, and HSBC. Zengerle holds a degree from Swarthmore College and has graduated from several executive development programs.

"We are thrilled to welcome Tucker to the PlurilockTM leadership team," said Ian L. Paterson, CEO of Plurilock. "Plurilock continues to grow rapidly, most recently with our acquisition of Integra Networks, and now with the addition of a senior executive whose extensive experience in operations and growing successful organizations in the technology space will bolster our stated growth strategy. We look forward to working with him in scaling Plurilock's operations to become a leading supplier of identity-centric cybersecurity solutions."

The announcement comes after the Company's recent acquisition of Integra Networks Corporation, previously announced on March 7, 2022, and an announcement that Plurilock's wholly-owned subsidiary, Aurora Systems Consulting, Inc., has secured a line of credit for up to US$2 million, as previously announced on March 8, 2022.

About Plurilock

Plurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.

For more information, visit https://www.plurilock.com or contact:

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Roland Sartorius
Chief Financial Officer
roland.sartorius@plurilock.com

Prit Singh
Investor Relations
prit.singh@plurilock.com
905.510.7636

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, the success of the Company in obtaining new or extended contracts or orders; the Company's ability to maintain existing customers or develop new customers; the Company's ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; and unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117603