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Sollensys Corp (SOLS) reported its transition period results for the nine months ending December 31, 2020. The company has a backlog of approximately $2.2 million in Regional Service Center contracts to be recognized over five years. Total revenue was $180,000, with a high gross profit margin of 83.33%. However, the net loss for the period reached $2,828,132, largely due to a $1.9 million one-time stock-based compensation expense. Sollensys launched the Blockchain Archive Server and the Regional Service Center targeting small businesses.
Sollensys Corp. (OTC PINK:SOLS) has announced the termination of its acquisition of Login Custom Software, LLC, due to legal restrictions preventing the deal's completion. Both parties are now exploring alternative transaction structures. Sollensys Corp. specializes in data management and offers innovative blockchain solutions, including its Blockchain Archive Server, which ensures data security by creating redundant, immutable backups. This product integrates seamlessly into existing systems, reinforcing the company's position in the blockchain application market.
Sollensys Corp. has announced the addition of three industry leaders to its Business Advisory Board, aimed at enhancing blockchain solutions and innovation. The new members bring expertise in finance, software, and manufacturing, positioning the company for growth. CEO Don Beavers expressed enthusiasm for the diverse experience these advisors will provide. The new appointees include Kristen Leverett, Dale Turner, and Luis Alvarez, each with substantial backgrounds in their respective fields. Sollensys specializes in data management, with its Blockchain Archive Server offering robust data security and integrity solutions.
Sollensys Corp. (OTC PINK:SOLS) announced the installation of its Blockchain Archive Server™ at two Florida healthcare facilities: Ability Plus Therapy and Island Direct Primary Care. This initiative is aimed at enhancing patient data protection against malware and ransomware.
The server ensures compliance with HIPAA requirements and provides secure, redundant data backups. Sollensys positions itself to expand in the medical sector, emphasizing the importance of data security in healthcare.
Sollensys Corp. (OTC PINK:SOLS) has formed a Business Advisory Board to enhance its position in blockchain technology. The board comprises industry leaders like Anthony Nolte, Sue Larew, and Ed Moore, who bring extensive experience from finance, banking, and technology sectors. CEO Don Beavers emphasizes the importance of these advisors in driving innovation across various markets. The company is known for its Blockchain Archive Server™, which ensures data security and integrates with existing systems. This strategic move is expected to bolster Sollensys's innovative product offerings.
PALM BAY, FL / ACCESSWIRE / September 15, 2020 / Sollensys Corp. (OTC PINK:SOLS) announced its Blockchain Archive Server™ won at TV Worldwide's CyberSecurity Shark Fest. The live event was hosted by CyberSecurity TV and aimed at improving data protection solutions. CEO Don Beavers expressed gratitude for the support in developing this next-generation product, highlighting its accessibility for businesses facing malware and ransomware threats. The Blockchain Archive Server™ offers a secure, turn-key solution for data management and protection against cyber-attacks.
Sollensys Corp. (OTC PINK:SOLS) announces its collaboration with Precision Companies, a Florida-based firm, to enhance data protection through its Blockchain Archive Server. This user-friendly solution integrates with existing security infrastructure, enabling clients to secure sensitive data without comprehensive overhauls. CEO Don Beavers emphasized the importance of safeguarding aerospace and government data amidst rising cyber threats. The Blockchain Archive Server ensures encryption and distribution across secure nodes, positioning Sollensys as a leader in cost-effective blockchain applications.
Sollensys Corp. (OTC PINK:SOLS) has announced the installation of its Blockchain Archive Server™ at five Ashley HomeStore outlets in Jacksonville, Florida, marking the beginning of a pilot program to enhance data security against malware and ransomware. This innovative solution utilizes blockchain technology to create secure, immutable backups, ensuring data integrity. The service is compatible with existing hardware and software setups, eliminating the need for significant changes. The partnership highlights a commitment to advancing data security in the retail industry.
Sollensys Corp (OTC PINK:SOLS) announced its partnership with GO for strategic branding and communications. The collaboration aims to develop Sollensys's brand image and promote awareness in the blockchain technology and data security sector. Initial efforts include website design, digital marketing, and media relations. CEO Don Beavers emphasized the importance of transparency and communication with clients and shareholders. GO's Founder, Adam Martingano, expressed excitement about building Sollensys into a recognized name in the tech industry.
Sollensys Corp (SOLS) announced the public introduction of its Blockchain Archive ServerTM on August 18, 2020, at the Florida Institute of Technology's CAMID Center. This technology offers an immutable backup system that integrates seamlessly with existing data security setups without requiring hardware changes. The installation was completed in under a week and is now available through authorized distributors across the U.S. and Canada. CEO Don Beavers expressed pride in the product's successful demonstration, indicating a strategic focus on data management and blockchain innovations.
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