Hilltop Cybersecurity, Inc signs LOI with Galtcorp for CyberEPM
KELOWNA, British Columbia, Dec. 19, 2018 (GLOBE NEWSWIRE) — Hilltop Cybersecurity, Inc. (CYBX) entered into a one-year renewable contract with Galtcorp (Company) today which allows Galtcorp to use CyberEPM in the management of its Asset-Backed Ledger Enabled (ABLE) Shares offering. The deal entails a minimum USD 250k software license, 50k in maintenance and approximately 25k in services. ( USD)
Corby Marshall said, “We have been working closely with Galtcorp for some time to develop their use case of asset-backed digital shares, managed by our portfolio management suite, CyberEPM.”
Tim Collins, CEO of Galtcorp said, “As traditional cryptocurrency has seen a dramatic downturn, we strongly believe that digitized shares backed by hard, 3rd party verified assets would become an emerging trend for investors who want exposure to items such as Potash, Nickel or Cobalt. We see tremendous demand and movement in this sector and predict it will emerge as the preferred approach to financing mining operations.”
Further details about the proposed transaction will be provided in a comprehensive news release if and when the parties enter into a definitive agreement.
For further information, please contact:
Galtcorp is a private, Delaware based company that offers a new approach to project financing and natural resource-based investing. Galtcorp brings to market and manages reserve-backed asset funds – similar in structure to exchange traded funds (ETFs). Galtcorp’s model allows mining companies to receive the proceeds from the forward sale of pledged, in-ground reserves based on a market-determined digital sale price while providing a fully regulated marketplace for the sale and distribution of the resulting digital assets.
About Hilltop Cybersecurity
Hilltop Cybersecurity (CSE: CYBX) (OTC: CYBXF) is a cybersecurity and cryptocurrency security specialist. The Company has developed a unique, patented, cybersecurity platform, designed to protect businesses from external and internal cyber-attack, and has also patented its biometric security solution for cryptocurrencies.
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 the Company 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 the Company.
Statements about the execution of a definitive agreement, the closing of the proposed transaction, expected terms of the deal, and the parties’ ability to satisfy any other closing conditions, 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. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks, and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks, and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Company. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates, and forecasts about the business and the industry and markets in which the Company operates, including that: general business and economic conditions will not change in a material adverse manner; and financing will be available if and when needed on reasonable terms. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and assumptions which are difficult to predict.
Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the failure of counterparties to perform their contractual obligations, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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 proposed transaction will occur or that, if the transaction does occur, it will be completed on the terms described above. The Company 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.
The CSE has not reviewed and did not accept responsibility for the adequacy or accuracy of this news release.