SOLLENSYS CORP - SOLS STOCK NEWS

Sollensys Corp (OTC PINK:SOLS) has announced a merger agreement to acquire Celerit Corporation and Celerit Solutions Corporation, enhancing its cybersecurity capabilities within the banking sector. The acquisition, expected to close within 60 days, aims to provide banking institutions with critical protection against cyber threats. With Celerit, Sollensys will gain industry expertise, assets, and a robust customer success department serving major financial institutions since 1985. This strategic move aligns with Sollensys' mission to create a secure digital environment for banking.

Sollensys Corp (OTC PINK:SOLS) has appointed Julie Rieger, former President of Twentieth Century Fox Film, as Chief Data Strategist. Rieger brings extensive experience in technology and data-driven strategies to enhance Sollensys' mission of creating a blockchain-based cybersecurity platform. Rieger emphasized the importance of protecting personal identifiable information and intellectual property as critical assets. The company's flagship product, the Blockchain Archive Server, secures data against ransomware, providing a resilient backup system through blockchain technology.

Sollensys Corp has acquired Abstract Media, LLC to enhance its cybersecurity offerings utilizing blockchain technology. This acquisition aims to secure corporate training data from cyber threats, making it impossible for cybercriminals to compromise training content. Abstract Media, renowned for its AR/VR solutions, has partnered with major organizations, enhancing Sollensys' strategy against cybercrimes. The acquisition is expected to bolster data integrity and competitive advantages for clients by integrating advanced technology with innovative training methodologies.

Sollensys Corp (OTC PINK:SOLS) has acquired a 35,793 sq. ft. facility in Palm Bay, Florida for approximately $2.5 million. The new headquarters will enhance the company's capacity to deliver blockchain solutions, catering to a growing client base. Key features of the building include a 3.7-acre lot, emergency power, and specialized communication facilities. This acquisition reflects Sollensys's commitment to expanding its infrastructure to meet the increasing demand for data integrity services.

Sollensys Corp (OTC PINK:SOLS) has officially registered for the International Traffic in Arms Regulations (ITAR) with the U.S. State Department. This registration enhances Sollensys's commitment to compliance with regulations governing the export and transfer of defense-related articles and services. It aims to strengthen the company’s position in the aerospace and defense markets by offering its Blockchain Archive Server solution to government customers. CEO Don Beavers emphasized that ITAR compliance is crucial for meeting customer needs in new sectors.

Sollensys Corp (OTC:SOLS) has announced that Southeast Imaging, part of American Medical Imaging, has implemented its Blockchain Regional Service Center to secure critical client and patient data against ransomware and malware. This advanced disaster recovery solution enhances data protection through blockchain technology, ensuring data integrity and security. Southeast Imaging aims to set a standard in the imaging sector for data safety. The Blockchain Archive Server from Sollensys provides a turn-key solution that encrypts and distributes data, reinforcing cybersecurity measures for healthcare facilities.

Sollensys Corp. (OTC PINK:SOLS), a blockchain solutions company, has contracted to acquire a 35,793 sq. ft. laboratory in Palm Bay, Florida, for $2.5 million. This facility, set to close in late May 2021, will serve as the company's new headquarters and is designed to accommodate all data storage needs for at least three years. Key features include emergency power generation, sensitive compartmented information facility (SCIF) areas, and ample parking. CEO Don Beavers emphasized that this expansion aims to enhance services for the growing client base in blockchain technology.

Sollensys Corp (OTC PINK:SOLS) announced the addition of several prominent members to its Advisory Board, enhancing its strategic position in the CyberSecurity field. The new advisors include industry leaders such as Tony Scott, former Federal CIO, and General (Retired) Robert Brown. This move aims to guide product innovation and extend the company’s influence across various markets, including healthcare and finance. CEO Don Beavers emphasized the importance of expert insights to drive the company's growth and innovation in security technologies.

Sollensys Corp (OTC PINK:SOLS) has announced a partnership with INSUREtrust to launch the Cyber Secure Platform (CSP), aimed at enhancing cyber security offerings. This collaboration provides INSUREtrust's agents with advanced risk management tools to better serve their clients in a challenging cyber insurance market. The CSP will feature multi-factor authentication, ransomware readiness, and analytics tools. Sollensys will contribute its Blockchain Archive Server technology, creating opportunities for new clients to access enhanced cyber protection. CEO Don Beavers highlighted the significance of this partnership amid rising cyber threats.