Identillect Technologies Corp.
TSX VENTURE : ID

Identillect Technologies Corp.

July 05, 2016 08:30 ET

Identillect Technologies HIPAA Compliant Email Security Solution Ranked #1 in Five Categories on Crowdreviews.Com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 5, 2016) - Identillect Technologies Corp. (the "Company" or "Identillect") (TSX VENTURE:ID) is proud to announce its HIPAA compliant Delivery Trust™ email encryption solution has been ranked #1 in all five digital security-focused categories on CrowdReviews.com.

Crowd Reviews, a platform for customers to rate and review email management solutions, recently showcased Identillect and announced the Company as the top choice for email management solution based on site reviews. Crowd Reviews has an extremely transparent rating system ensuring the most accurate ratings by real customers with true identities, and uses a standardized algorithm to determine rankings based on customer reviews and company achievements. This process guarantees customers are getting the most accurate reviews possible and assists them in making the best decision for their business.

Identillect is proud to be #1 in all five categories including:

#1 in Email Management Software
#1 in Risk Management Software
#1 in Email Encryption Software
#1 in Business Security Software
#1 in Digital Signature Software

To view Crowd Reviews email management software rankings please visit www.crowdreviews.com/best-email-management-software.

Identillect's secure email and secure electronic signature is the simplest system on the market. The Company's products provide the sender complete control of their information, maintaining total security while complying with all United States and Canadian data handling regulations. One of the most significant data handling regulations is the medical regulation system in the United States called HIPAA (Health Insurance Portability and Accountability Act). HIPAA has quickly become the template for establishing regulatory requirements for all other industries.

HIPAA affects all medical facilities, insurance, medical sales, and all entities that support these organizations. Medical information is the most complete record of an individual, which is why it is the most desired from an identity theft perspective. Every year HIPAA regulations have become more stringent due to the substantial increase in identity theft. To ensure enforcement of these regulatory requirements, HIPAA is now in the secondary phase of auditing these organizations. One of the major areas of compliance is ensuring data is encrypted in transit, and this is where Identillect is seeing its major growth.

Phase two audits have already imparted $36M in fines from January to May of 2016 for noncompliance and estimates suggest the latter half of the year will more than double this number. Almost 90% of healthcare organizations have experienced a data breach in the past 24 months with 45% of those experiencing five or more breaches in that period of time. Data breach costs for medical entities are averaging more than $2.2M and supportive organizations at more than $1M.

Todd Sexton, CEO of Identillect, states, "We are excited about the recognition from Crowd Reviews on our security platform. Identillect prides itself on its high-tech, low-touch, and cost-effective approach to security while maintaining maximum safety and compliance. Identillect specializes in HIPAA compliance for data in transit and has many commercial clients across the United States who are focused on improving compliance with HIPAA. Delivery Trust™ is the simplest, most cost-effective multi-platform email security solution available on the market and we expect very strong subscriber growth with the recognition we are receiving."

About Identillect

Identillect's Delivery Trust proprietary e-mail encryption delivery technology is targeted at organizations of all sizes, as well as individuals, and is sold to consumers on a monthly subscription basis. The product can be accessed by customers on both desktop and mobile devices, and messages are secured with patented, state-of-the-art encryption technology with the click of a button, ensuring their safety while in transit.

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. Visit www.identillect.com to learn more.

On Behalf of the Board of Directors of:

IDENTILLECT TECHNOLOGIES CORP.

Todd Sexton, Chief Executive Officer

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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