Venice, FL, Feb. 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — CyberloQ Technologies, Inc. (“CyberloQ” or the “Company”) (OTC: CLOQ) is pleased to announce the following update on the Company’s business and information objectives going forward.
CyberloQ Technologies, Inc. and ko-kard have initiated an agreement to further both Companies’ initiatives in the Fin-Tech space in Asia and beyond. Consistently recognized throughout Asia, ko-kard is localized and headquartered in Hong Kong, with subsidiaries in Singapore, Philippines, United States, Latin America, and Europe.
ko kard’s mission is to provide organizations with frictionless, transparent, cross-border prepaid solutions to distribute funds globally for contractors, suppliers, and resellers. This system strengthens financial inclusion for the un-carded, un-banked, and un-connected.
By leveraging CyberloQ’s geo-fencing technology, ko-kard members can use their Card in the entire Global Network without having to worry about FRAUD or unauthorized charges.
Whether it’s a designated perimeter over a city, building or even within a single room, if a user’s designated geofenced cyber perimeter is breached, the account is immediately disabled.
To breach a CyberloQ geofence, hackers would need all the user’s PIN data, be in possession of the user’s personal mobile device, and be physically within the designated geofence. CyberloQ would automatically shut down all suspicious activity, especially when dealing with cross border payments.
“CyberloQ’s geofencing technology will take our current fraud monitoring tools to the next level. It is imperative to ko-kard that we do our upmost to protect all our cardholders from fraud,” says Ken Sproule, CEO of ko-kard.
CyberloQ Technologies, Inc is looking forward to building a long term strategic relationship with ko-kard and assisting in both Companies’ global expansion efforts, stated Chris Jackson, President of CyberloQ Technologies, Inc.
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.
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