KELOWNA, British Columbia, September 11, 2017 /PRNewswire/ --
Hill Top Security, Inc. ("HTSI" or the "Company") and Big Wind Capital Inc. (CSE: BWC) ("Big Wind") announced that HTSI has signed service agreements with two companies, that have large government and commercial customers, to provide its military-grade, patented, cyber security platform. The Vauban platform, which became commercially-available in August, 2017, provides companies with a unique level of risk assessment to help prevent and respond to cyber security attacks, including ransomware, DDoS and malware. The Company recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets (the "Transaction").
Hill Top's Vauban Cyber Security Platform
- Military-grade cybersecurity platform, called Vauban, aimed at small to medium-sized businesses (SMB).
- Unique, world-leading ability to analyze and validate potential system threats - both internal and external.
- Patent filed 'Computerized System and Method for Providing Cybersecurity Detection and Response Functionality', covers Vauban's multi-layered threat assessment system and processes.
- Vauban has been developed by a team of security experts with substantial military and commercial experience and the Company holds a Top-Secret clearance based on the work it currently carries out for the U.S. government.
Corby Marshall, CEO of Hill Top Security, said, "We are very pleased with the strong level of interest we have received, in the short time since launching our new cyber security platform. Most small and medium-sized businesses simply don't have the resources or personnel to cope with the volume of cyber threats faced by companies today. Our unique threat assessment technology allows even small teams to identify, prioritize and react far more quickly when under cyber attack, and when it comes to protecting your business, speed and accuracy are vital."
Further details about the previously announced Transaction between the Company and Big Wind will be provided in a comprehensive news release if the parties enter into a definitive agreement. The Transaction, if completed, will constitute a "fundamental change" pursuant to policies of the Canadian Securities Exchange (the "CSE").
Completion of the Transaction is subject to a number of other conditions, including but not limited to acceptance by the CSE and completion of mutual due diligence. There can be no assurance that the Transaction will be completed as proposed or at all.
Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to Big Wind or its management or the negative thereof or similar variations. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Big Wind.
All information in this news release concerning HTSI has been provided for inclusion herein by HTSI. Although Big Wind has no knowledge that would indicate that any information contained herein concerning HTSI is untrue or incomplete, Big Wind assumes no responsibility for the accuracy or completeness of any such information
Investors are cautioned that, except as disclosed in the listing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.
Statements about the closing of the Transaction, expected terms of the Transaction, and the parties' ability to satisfy any and all other closing conditions, and receive necessary regulatory and CSE approvals in connection therewith, are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. Big Wind assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Big Wind Capital Inc.
SOURCE Big Wind Capital Inc.