WorldFlix Inc (OTCMKTS:WRFX) shares were up 28.57% on Tuesday to $0.00090 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $132K at 169.03 million shares outstanding.
In a press release, WorldFlix Inc announced that international cybersecurity expert Mick Davis has been appointed as the new CEO of Paranotek, the company’s wholly owned security subsidiary. Paranotek is a partnership between WorldFlix Inc and Finnish-based technology and encryption experts.
Davis is highly respected senior veteran of the cybersecurity industry with a background in both commercial and military software and security. He returned to part-time military service after 9/11 to bring solutions to meet high value intelligence and diplomatic mission objectives in information operations and signal processing encryption.
“After many years in the security industry witnessing organizations dealing with the exploitation and loss of confidential information to state sponsored actors, organized criminal enterprises and political hacktivists, I am incredibly impressed with Paranotek’s novel and frankly groundbreaking approach to encryption technology. Paranotek’s suite of solutions are far ahead of the curve in privacy and encryption technology. I originally discovered the company during my own research into messaging privacy solutions and met with the team based in Finland. I was amazed at the striking insight and progress that Lauri Tunnela and Johannes Maliranta achieved in applying quantum information theory to encryption methods. I am excited to be joining as CEO,” stated Mick Davis, CEO of Paranotek.
WorldFlix Inc is a company that operates in a variety of niche businesses in the technology and entertainment sphere. Its divisions include AppFarm, a platform for acquiring, developing, and growing niche apps for mobile and tablet devices; Drobbits, an interactive platform that allows users to create, play and monetize their own video games; Paranotek, a Finnish technology and design company that incorporates its military-grade, proprietary security and privacy features when developing software and apps; Swantry, designed to allow parents to ensure their child is safe on their mobile device; and WorldFlix Entertainment Management, a television and movie development and management business.