LARGO, FL--(Marketwired - July 27, 2016) - Stealth Technologies, Inc. (OTC PINK: STTH) announced today the name change of Mobile Dynamic Marketing Inc., its wholly owned subsidiary, to Stealth Card Inc.
"The name change has been implemented to further align and clarify the corporate structure that ties to our underlying intellectual property and existing products," said CEO Brian McFadden.
"As we continue down our technology road map we wanted to clarify and substantiate each individual subsidiary with the technology housed within and the existing products and market."
"We are pleased to announce this current name change as evidence of our ongoing efforts to effectively communicate our emerging structure as we continue to leverage the intellectual property of Stealth Technologies to grow our market share in the personal emergency and financial protection space," concluded McFadden.
About Stealth Technologies, Inc.
Stealth Technologies Inc. is a technology company focused on product development and sales in the personal financial protection and data protection businesses. Stealth Card, the company's first product to market, is designed to protect the RFID chip in a consumer's credit card from "electronic pickpocketing" that uses a smartphone, credit card reader or RFID antenna to remotely access data stored on the consumer's "Smartchip." Stealth Card renders the chipped information invisible or "Stealth" to intrusion.
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.