Identillect Technologies Corp.
TSX VENTURE : ID
OTCQB : IDTLF

Identillect Technologies Corp.

March 23, 2017 08:30 ET

Identillect Announces Release of New Website as Part of Aggressive Sales Expansion

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 23, 2017) - Identillect Technologies Corp. (the "Company" or "Identillect") (TSX VENTURE:ID)(OTCQB:IDTLF), a leading provider of SaaS email security today announced the launch of its new corporate website. The new site reflects recent product updates and an enhanced focus on user interface and experience. Identillect's portfolio of email security products provide cost effective solutions which helps businesses of all sizes address information security threats, compliance management and cyber resilience.

"The need for user friendly email security for business is critical, and increased regulatory requirements mandate companies to protect client personal identifying information," stated Identillect CEO Todd Sexton. "Identillect provides its users peace of mind in the elimination of cyber security risks; these events may be intentional, such as a hacker attack, or unintentional and caused by human nature, or a combination thereof."

In designing our new website, we wanted to convey the core elements driving Identillect's growth:

  • Providing tools which overcome the shifting landscape of regulatory compliance and costly fines.
  • Conquering the challenges associated with simplicity of use and the complex implementation that security products have notoriously had.
  • Maximizing control over your communications, limiting a business's liability.

Recent well-publicized data breaches have put businesses on alert. On average, the cost to business of a data breach has risen to $4 million per incident - up 29% since 2013 - according to the 2016 Poneman Cost of Data Breach Study. In addition to rising total cost, the average cost per stolen record - personally identifiable, payment, or health information about an individual contained in a company's database, for example - is increasing. On average, the cost per lost record has grown to $158 from $154 last year. Healthcare, a highly-regulated industry that trades in some of the most intimate personal information - which can include patient names, medical histories, credit card data, and Social Security Numbers - has the highest cost per stolen record at $355. There's a simple lesson for businesses: Don't be caught off guard when the next data breach affecting your firm comes to light. When businesses delay on the implementation of a solution such as Delivery Trust™ or implement an inferior solution they run significant risk of being out of regulatory compliance, eroding customer confidence, experiencing a loss of market share, as well as becoming a cyber security statistic.

About Identillect

Identillect (TSX VENTURE:ID)(OTCQB:IDTLF) is a leading provider of proprietary email encryption services. Identillect's Delivery Trust™ email security technology platform empowers individuals and businesses of all sizes a cost effective way to create a more secure digital environment and protect against cyber security risks. Delivery Trust™ is the industries simplest plug and play security solution with a broad range of features including; state of the art encryption technology, restricting email forwarding and printing, receipt confirmation, limiting time available to view, and retracting sent emails. Delivery Trust™ is available for iPhone®, iPad®, Android, Windows and Mac PC's and Laptops and the web's most popular email platforms. Since commercializing the product, Identillect has quickly grown its subscriber base and is becoming recognized in the security industry as a top e-mail security provider. To get more information, visit www.identillect.com; follow us on Twitter @IdentillectTech or on Facebook @identillecttechnologies.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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