THE WOODLANDS, TEXAS, Sept. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Optium Cyber Systems, Inc. (the Company) (OTC:OCSY) is pleased to announce that it has entered into a formal agreement to acquire 100% of the outstanding ownership interest in a privately held security/protection firm based in Houston, Texas. Under the terms of the agreement the Company will issue restricted common shares in exchange for the ownership interest. The transaction is to close on September 30, 2018 with possession date of October 1, 2018. The acquisition will be established as a wholly owned subsidiary and will transition the Company from a one service to a multifaceted security/protection company.
Key benefits and highlights are: 1) the acquisition has an established and growing client base; 2) steady and growing revenue and cash flow; 3) profitable; 4) full time employees; 5) current clients include: commercial buildings, residential gated communities, retail stores and restaurants, financial institutions, public events and concerts, church and centers of worship, and a number of port facilities; 6) services offered include: on-site security, patrols, armed security, security training and consulting, maritime escort, and armored bullion transport.
About Optium Cyber Systems, Inc.
OCSI has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure, which is scalable to any size organization in any industry. OCSI has recently launched in the health care sector, focusing on protecting health care facilities including hospitals, nursing homes and doctor’s offices from cyberthreats such as the manipulation of medical devices or theft of patient records. OCSI is a publicly traded company having its common shares quoted on the OTC Markets under the symbol "OCSY".
Contact
Investor Relations
Ten Associates LLC
11529 N. 120th St.
Scottsdale, Arizona
85259 USA
Telephone: 480-326-8577
Contact: Thomas E. Nelson
Email: tenassociates33@gmail.com
Optium Cyber Systems, Inc.
8350 Ashlane Way, Suite 104
The Woodlands, Texas
77382 USA
Contact: George Rutherford
Telephone: 936-559-7407
Web: www.optiumcyber.com
Email: info@optiumcyber.com
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Optium Cyber Systems, Inc.'s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.