Visium Technologies, Inc. Issues Letter to Shareholders
FAIRFAX, VA / ACCESSWIRE / April 24, 2023 / Visium Technologies, Inc., ("Visium" or the "Company") (OTC PINK:VISM), a global cybersecurity and analytics company, released a letter to shareholders today from its Chief Executive Officer, Mark Lucky.
To our Valued Shareholders:
I would like to thank all of you for your tremendous patience and support, as we look towards a very bright future in 2023 and beyond. The leadership team is always striving to communicate important corporate events and activities and a key part of our engagement efforts is to provide as much transparency as we can to shareholders. We welcome this opportunity to share our insights about the past year, our recent corporate developments, and our plans going forward. Our goal continues to be establishing Visium as a leading innovative cybersecurity and data analytics visualization Company.
In recent months, we have changed our go-to-market sales strategy to focus on opportunities in the global marketplace, particularly Africa and the Caribbean.
AFRICA
We made our first foray into Africa about a year ago, not fully appreciating at the time that we were entering a period the beginning of a period of tremendous investment and focus on the digital transformation for many of the countries on that continent. Through those efforts we have established key business relationships with an impressive group of people dedicated to the acceleration of the development and digital transformation of Africa. Digital security is a key to this effort.
In January of this year, we formed the African Business Development Advisory Board ("ABDAB"), comprised of highly respected career diplomats and technologists, all of whom have the experience, relationships, and knowledge to forge business opportunities in many countries in Africa and beyond with the focus of creating a reliable and secure digital ecosystem.
We recently attended the Africa Fintech Summit in Washington, DC. During this conference we solidified several partnership relationships, and opportunities to sell our proprietary TruContextTM platform in Africa in countries challenged by their security concerns in their ports of entry.
In January, we partnered with the Innovation Science & Security Center ("ISS Center"), led by Dr. Lassina Zerbo, in Burkina Faso. Through this partnership, we are positioned to win business in up to twelve (12) West African countries.
We have signed a Memorandum of Understanding ("MOU"), and are now in detailed technical discussions with the Republic of Malawi. We anticipate this leading to the deployment of TruContextTM to this southern African country for several use cases, including cybersecurity.
The Caribbean
Although the ABDAB is focused on opportunities in Africa, we have been introduced to exciting and immediate opportunities in the Caribbean, focused particularly on the Republic of the Bahamas, and on the Republic of Trinidad & Tobago.
We recently partnered with Bahamas Mobile Services, Ltd to market and sell Visium's TruContextTM data analytics platform in the Bahamas and Turks and Caicos.
We have partnered with We Source It 4 U, Ltd, a leading technology company based in Port of Spain, Trinidad and Tobago to market and sell TruContextTM in Trinidad and Tobago and Latin America.
These partnerships have generated several exciting opportunities that we anticipate closing in the coming weeks. We have been introduced to influential decision-makers in two additional countries, but at this point it would be premature to disclose those activities.
TRUCONTEXTTM PLATFORM NOTABLE UPDATES
We are continuing to optimize and make updates to our platform. We have development efforts underway to further refine the user interface (UI) with the goal of enhancing the user experience by providing more flexibility and intuitiveness to our solution.
Additionally, our near-term roadmap includes plug-in level integration with Natural-Language Processing ("NLP") models (GBT4) to deliver advanced capabilities for construction of datasets, real-time filtering and pinpointing of asset relationships. Coupling this capability with our patent pending data overlay and compositing technology, will yield industry leading speed for delivering actionable context-infused results to analysts.
IREX
We cannot overlook our partnership with IREX.AI, the leading ethical AI-based video surveillance company. IREX is currently marketing and selling our joint technology called ELI ("Ethical Layered Intelligence") to companies in the US, as well as in South America and Latin America. We believe these first opportunities will close as early as June of this year.
U.S. Opportunities
In addition to these exciting opportunities overseas, we are actively engaged in opportunities to integrate our technology with a smart-cities company with a national footprint, and we also have a number of opportunities with federal, state, and local agencies. We continue to pursue opportunities with our technology partners, which include Splunk (SPLK), Tenable (TENB), Nutanix (NTNX), and Datadog (DDOG).
In conclusion, our technology and our team are world-class, and although it has taken some time to find our market and foster the partnerships necessary to close these pending contracts, our Company has never been in a stronger position, and we look forward to a bright future as we continue to actively demonstrate our technology to the decision-makers in government and the commercial sector. We look forward to providing another update in the near future.
About Visium Technologies, Inc.
Visium Technologies (OTC PINK:VISM) is a cyber security solutions provider that uses graph database technology to deliver an analytics-driven, risk-based approach to cybersecurity that provides context to data so that users can make intelligent decisions in real time. Built for the US Army Cyber Command by MITRE Corporation (CyGraph), and then further developed by Visium, our world class TruContextTM technology provides visualization, advanced cyber monitoring intelligence, data modeling, analytics, and automation to help reduce risk, simplify cyber security, and deliver better security outcomes. TruContextTM plugs the gaps left by other security tools.
For more information please visit www.visiumtechnologies.com and our YouTube Channel.
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.
CONTACT:
Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
mlucky@visiumtechnologies.com
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Corporate Office:
4094 Majestic Lane Suite 360
Fairfax, VA 22033
Phone: 703-273-0383
SOURCE: Visium Technologies, Inc.
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