CyberloQ Technologies Inc. Announces Business Update on Growth and Sales Strategies
CyberloQ Technologies (OTC: CLOQ) aims to become a leading player in cybersecurity with advanced authentication and geofencing solutions. The company emphasizes its focus on combating online payment fraud, projected to cost ecommerce merchants $25 billion by 2024. CyberloQ's offerings include the CyberloQ™ fraud prevention technology and TurnScor™ credit management platform, generating revenue through retail and wholesale channels. The company is in discussions to launch a digital wallet integrating these technologies, aiming to enhance shareholder value and expand globally.
- CyberloQ's technologies target a growing market with a projected $25 billion loss in ecommerce fraud by 2024.
- The company is in late-stage discussions to launch a digital wallet, potentially expanding its market reach.
- CyberloQ's dual revenue streams from retail and wholesale sectors can diversify income sources.
- None.
VENICE, FL, March 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- CyberloQ Technologies Inc. (OTC: CLOQ) ("CyberloQ" or the "Company"), a provider of advanced authentication algorithms and geofencing capabilities for data control, today provides a review of the Company’s market opportunities, current initiatives and revenue model.
To our Shareholders,
We would like to thank you for your continued support as we advance our operations to become a recognizable, key player in cybersecurity. We are pleased to provide you an update on our operations, current opportunities and plans for growth.
MARKET OPPORTUNITIES
According to Juniper Research, ecommerce merchants are expected to lose
As the need for cyber security solutions increases, CyberloQ continues to focus on banking fraud prevention and credit management through its proprietary CyberloQ™ and TurnScor™ software. We believe merchants are primarily responsible for the safekeeping of clients’ assets and personal information, but consumers must also take measures to protect their personal financial data; it's our mission to provide tools that enable them to do so (https://CyberloQ.com/why-cyberloq/).
Secure online payments are vital for the success of ecommerce, and we believe CyberloQ provides the solution for proactive, comprehensive cybersecurity.
TECHNOLOGY
CyberloQ’s customizable data security solutions provide an additional layer of protection to consumers, merchants and e-commerce as a whole, while TurnScor credit management platform provides consumers a cost-effective way to manage and repair their credit profiles.
· CyberloQ™ is a banking fraud prevention technology that enables institutional clients to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card; transaction type or amount; website; database or digital service. The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem.
· TurnScor™ is a web-based proprietary software platform which allows customers to monitor and manage their credit from the privacy of their own homes. Although consumers can sign-up for TurnScor on their own, the Company also intends to market TurnScor to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added benefit to offer their customers. This combination will give consumers the bonus ability to control and repair their credit in anonymity.
REVENUE MODEL
The CyberloQ and TurnScor technologies create two revenue streams, each with a distinct marketing strategy designed to expand visibility, both domestic and International, and the application of our products among retail and wholesale/institutional customers.
Retail –
Our retail model will allow for the direct marketing of our brands to consumers. The CyberloQ executive team is in late-stage discussions with a large direct marketing company regarding the development and launch of a digital wallet that would include the CyberloQ and TurnScor technologies. If negotiations are finalized, the direct response company will create a marketing program to present the e-wallet to its multi-million customer data-base, and then explore the launch of regional and national campaigns.
We are confident this unique combination of a cybersecurity digital wallet and a state-of-the-art credit repair portal will give CyberloQ a competitive advantage in the marketplace.
Wholesale/institutional –
Our wholesale/institutional revenue strategy calls for customized licensing agreements that will provide online security to businesses, fintech companies, databases, governments, healthcare institutions, online service providers, financial institutions, online gaming space and more. These licensing agreements allow our clients to offer the CyberloQ technology to their customers as a value-added service or as an additional product. This allows our clients the ability to design the strategy that best suits their needs and those of their customers.
An example of this model is our re-seller agreement with Transact Payments Malta Ltd. (“TPML”) in Europe and Asia. Per the agreement, the licensing fee structure provides CyberloQ as a value-added service to its network, then passes the licensing costs to its customers. Learn more about this structure here https://www.smallcapvoice.com/interview-cyberloq-technologies-cloq/ .
We also have a re-seller agreement with Strategic Solutions Integrated, LLC ( SSI ) in the greater Virginia area to assist with the Dept. of Defense and other government related entities (www.SSI-inc.org).
COMMITMENT TO SHAREHOLDER VALUE
We would like to reiterate our focus on establishing effective sales and marketing strategies that will enable the Company to safeguard e-commerce while increasing our corporate growth and shareholder value. Based on the growth plan defined, we are expanding the infrastructure required to handle large scale clients on a global basis, and will provide additional shareholder updates as they become available.
Thank you again for your trust and support,
The CyberloQ Executive Team
About CyberloQ Technologies Inc.
CyberloQ Technologies Inc. (OTC: CLOQ) secures clients’ sensitive data and valuable information with a patented, aggressive and proactive approach. CyberloQ's advanced authentication algorithms, private blockchain and industry-leading geofencing capabilities give clients complete control of their data for real-time authentication and dedicated fraud protection. For more information, visit https://CyberloQ.com/.
Safe Harbor:
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
The Company discourages any and all promotional activity by non-Company actors, and encourages investors and potential investors to review the Company's public filings, its website and its press releases, and to discuss these matters with their personal legal and financial advisors. Non-Company newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, should not be relied on because these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and/or independent decision-making.
Company Contact:
Chris Jackson
President, CyberloQ Technologies Inc.
612.961.4536
chris@cyberloq.com
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