SOURCE: eCrypt Technologies, Inc.

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June 04, 2015 14:56 ET

Ecrypt Acquires Viking Telecom Services, LLC

Under a Largely Asset Deal Viking Becomes a Wholly-Owned Subsidiary of Ecrypt Technologies

AUSTIN, TX--(Marketwired - June 04, 2015) - Ecrypt Technologies, Inc. (OTCQB: ECRY) is pleased to announce the successful acquisition of Viking Telecom Services, LLC (Viking) from Dependable Critical Infrastructure, Inc. (DCI).

Viking enjoys an estimated backlog of over $5M for FY 2015, and holds strong footholds for solid growth into FY 2016. Viking’s total backlog is valued in excess of $7.5M.

“This is a key first acquisition for Ecrypt,” commented Dr. Thomas A. Cellucci, Ecrypt’s Chairman & CEO. “We continue to execute on our strategic business plan with success. Viking Telecom Services LLC is poised to become an industry-leading tower company, expanding its top-tier services in emerging and established commercial and governmental market segments to harness the telecom industry’s growth. This acquisition brings a strong backlog with solid, reputable customers.”

Viking’s Co-Owner, Mr. Paul Canet, commented: “This welcomed acquisition by Ecrypt will enhance our abilities to provide wireless telecommunications providers with high-quality tower audits, site surveys, and full construction builds -- all at a highly competitive price.”

Mr. Canet will remain with Viking as the General Manager.

He added, “Viking Telecom Services’ goal is to be one of the industry’s leading tower companies, expanding its top-tier services in new, emerging commercial and governmental market segments to harness the telecom industry’s growth.”

The transaction was consummated after Ecrypt announced entering into a JV with DCI. Under the JV, Ecrypt is to provide management expertise and funding for the operational expansion of mutually agreed upon subsidiary companies of DCI.

Ecrypt and DCI have identified several additional firms for acquisition by DCI.

About Dependable Critical Infrastructure, Inc. (DCI)

Dependable Critical Infrastructure, Inc. is a high-tech firm providing solid management, financing and strategic planning expertise to acquire top-tier organizations in the global security space. Our success is built on the commitment and passion of the dedicated professionals we employ. Dr. Thomas A. Cellucci, Ecrypt’s Chairman and CEO, is the Chairman and CEO of DCI.

For more information, visit www.dependablecriticalinfrastructure.com.

About Ecrypt Technologies

Ecrypt Technologies, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.

For more information, visit www.ecryptinc.com.

Safe Harbor Statement

This press release contains certain “forward-looking statements”, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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