SOURCE: eCrypt Technologies, Inc.

Ecrypt Technologies, Inc.

March 27, 2015 07:30 ET

Ecrypt Inks Letter of Intent for Acquisition of Viking Telecom Services LLC From Its JV Partner

Ecrypt Technologies Takes Significant Step in Accelerating Its Profitable Growth Strategy as a Security Portfolio Firm via an Aggressive Acquisition Strategy

AUSTIN, TX--(Marketwired - March 27, 2015) - Ecrypt Technologies, Inc. (OTCQB: ECRY) announces that it has signed a Letter of Intent with DTREDS Consolidated Inc. (DCI) for the acquisition of Viking Telecom Services, LLC (Viking).

Viking enjoys an estimated backlog of well over $3.5M for FY 2015, and holds strong footholds for solid growth into FY 2016.

 "This is an important initial acquisition for Ecrypt," commented Dr. Thomas A. Cellucci, Ecrypt's Chairman & CEO "Earlier this week I stated that we continue to execute on our strategic business plan with success through orders of ECRYPT ONE, expansion of our Marketing Alliance Program, and our Joint Venture.  Our actions today prove we execute on our strategies."

Mr. Steve Vento, DCI's COO, commented: "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.  An acquisition by Ecrypt provides the leadership, resources, and market-penetration expertise Viking requires."

About DTREDS Consolidated Inc. (DCI)

DCI offers the superior management, engineering, technical, and installation expertise and experience expected of larger corporations, yet we capitalize on the efficiency, agility, and drive inherent in a successful nimble business. 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.

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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Contact Information

  • Media contact:

    Ecrypt Technologies, Inc.

    Email contact

    1.866.204.6703