THE WOODLANDS, TX., June 26, 2018 (GLOBE NEWSWIRE) -- Optium Cyber Systems, Inc. (“OCSI” or the “Company”) (OTC:OCSY) would like to inform shareholders of ongoing developments that have occurred as a result of the recent announcement that OCSI is developing an application for the Oil & Gas sector. The Company is now in final negotiations with a leading global Oil & Gas developer having annual gross revenues in excess of $1 billion. The contract will call for OCSI to provide the Client with leading edge cyber vulnerability analysis and ongoing monthly monitoring and support.
“This recent development is monumental for OCSI”; stated George Rutherford, President of Optium Cyber Systems, Inc. “The contract will significantly increase our revenue pushing OCSI well into profitability. This is the first of a number of major contracts that we are working on closing;” continued Mr. Rutherford.
About Optium Cyber Systems, Inc.
Optium Cyber Systems, Inc. is a Texas based corporation positioning itself to be a premier provider and industry leader in cyber-risk analysis and protection services. It has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure that is scalable and transferable to any environment. The Company has recently launched in the health care sector focusing on protecting health care facilities from cyberthreats such as the manipulation of medical devices or theft of patient records. The Company is in the process of developing and launching applications for the private mortgage lending, crypocurrency and oil and gas sectors. Optium Cyber Systems, Inc. is publicly traded having its common shares quoted on the OTC Markets under the symbol "OCSY".
Forward-looking Statements
This press release contains “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management’s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. OCSI cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management’s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company’s ability to retain key management and employees; intense competition and the company’s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in OCSI’s public filings. OCSI undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with OCSI’s business, please refer to the risks and uncertainties detailed from time to time in Optium Inc.’s public filings.
For more information, please visit www.optiumcyber.com; or contact: