THE WOODLANDS, TEXAS, Sept. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Optium Cyber Systems, Inc. (the ‘Company’) (OTC:OCSY) today releases its short and long term growth strategies.
Short Term Growth Strategy
The immediate plan for the Company is to develop new service contracts for the recently announced acquisition (the ‘Acquisition’). The Company is developing an advertising campaign consisting of cold calling, print advertising, social media and search engine optimization to aggressively market the new services offered under the Acquisition. The projected launch of this campaign is October 1, 2018. The initial target market will be the greater Houston area, expanding across the State of Texas, then nationally. The goal is to generate a minimum of $2 million in new client contracts for the upcoming fiscal year.
Long Term Growth Strategy
The Company’s long term growth strategy is to grow through acquisition. The contract security industry is very fragmented with over 8,000 companies servicing the domestic market. The clear majority (96.4%) are smaller companies grossing under $5,000,000 revenue and are privately owned/operated. The owner demographic of these companies is on average 50+yrs old and beginning to think of retirement thereby motivated to sell. The acquisition program is designed to provide owners of these companies a viable option to selling privately, which is usually very costly and time consuming. It is the intention of the Company to expand by acquiring a select two or three of these companies a year. Each acquisition must complement the current operations, meet minimum standards, pass evaluations and thorough due diligence.
With each acquisition the revenue of the Company will grow exponentially. If the Company acquires three companies in the next fiscal year, and each acquisition generates a minimum of $2 million gross, the Company will be report consolidated revenue in excess of $6 million.
The Company is in talks to acquire its second acquisition.
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.