Venice, FL, Aug. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advanced Credit Technologies, Inc. ("CyberloQ" or the "Company") (OTC: ACRT) is pleased to announce the following update on the Company's business and information objectives going forward.
H&S Bookkeeping, LLC in Minneapolis, MN, has recently taken the proactive steps to protect its clients and their PII (Personal Identifying Information) by integrating CyberloQ into its IT infrastructure. “The top 5 cyber-crimes relating to the tax preparation industry are tax-refund fraud, corporate account takeover, identity theft, theft of sensitive data, and theft of intellectual property. Creating a GEO-FENCE perimeter around our facility, taking advantage of CyberloQ’s 2-factor authentication system makes protecting our client’s sensitive data much easier, and reduces our insurance liability premiums. This allows us to focus on generating new business and protecting our corporate brand. Our Company takes cyber-security very seriously,” stated Holly Hollister-Smith, H&S founder.
The Company’s focus has been on upgrading our technology and is now ready to launch the CyberloQ Suite of products. Initially, CyberloQ will be implemented in preventing fraud for accounting firms and CPA’s as stated above. The market and indications of interest have come from Pre-Paid Cards, Channel Distributors, Title Companies, Medical Facilities, and Insurance Companies. The CyberloQ Vault will also prevent unauthorized access to their websites as well. ( www.cyberloqvault.com )
The introduction of CyberloQ Vault will virtually eliminate the unauthorized access to highly sensitive documents. The conventional method of using email (phishing) to send critical documents can now be sent and received with the CyberloQ Vault system without concern of monetary and or contractual transactions being compromised. We feel that we have one of the most robust cyber-security prevention platforms available to the cyber-security market today. Signing this contract and deriving revenue for the benefit of our shareholders is a huge milestone for the Company.
Safe Harbor:
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
The Company discourages any and all promotional activity by non-Company actors, and encourages investors and potential investors to review the Company's public filings, its website and its press releases, and to discuss these matters with their personal legal and financial advisors. Non-Company newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, should not be relied on because these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and/or independent decision-making.