WorldFlix Inc (OTCMKTS:WRFX) shares jumped 30.38% on Thursday to $0.0103 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $1.80. The company has a market cap of $25.75K at 2.5 million shares outstanding.
In a press release, WorldFlix Inc announced that it is entering into the enterprise data security and information security markets with software solutions for corporate entities to monitor, manage, protect and filter company-wide devices together with its subsidiary Paranotek. These software solutions aim to provide corporations with means to keep their employees and data safe while also monitoring and analyzing potential breaches and productivity with real-time, centralized reporting.
Together they launched a new, state-of-the-art encryption protocol Parano and its integration with the Swantry mobile app. Parano is a software protocol designed to withstand the most sophisticated security hacks, including threats that exist today and those that are anticipated in the future from super and quantum computers and rovides the backend encryption and protection for Swantry’s messaging and privacy features.
“Parano is the new paradigm of encryption and security. Parano brings a new, unprecedented level of security to messaging, chat and data much like the level of security Blackberry brought to the market years ago. Blackberry’s protocols and servers were so secure, foreign governments threatened to ban or shut them down because the governments couldn’t hack them,” stated Brad Listermann, Chairman and CEO of WorldFlix Inc. “Blackberry lost the security edge and Parano is taking over that space. Parano will give companies maximum coverage to keep data, privacy and employees safe.”
Gartner indicated that spending on information security is expected to reach $90 billion worldwide in 2017 and increase to approximately $113 billion by 2020. These are being driven by multiple factors like government initiatives, increased legislation and high-profile data breaches.
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.