VENICE, FL, May 10, 2018 (GLOBE NEWSWIRE) — Advanced Credit Technologies, Inc. (“CyberloQ” or the “Company”) (PINK: ACRT) is pleased to announce the following update on the Company’s business and information objectives going forward.
After months of in depth coding and testing within the IOS and Android environments, Advanced Credit Technologies, Inc. has been granted approval to launch the CyberloQ multi-factor authentication App system within the Apple and Google stores, effective immediately. This first version is strictly for the “Re-Seller” program and will be rolled out to the mainstream and other channel partners in the very near future. The process to gain approval requires that the CyberloQ apps adhere to strict privacy and financial guidelines. “Now that this has been accomplished it gives the Company the ability to activate its Re-Seller channels and begin to derive revenues for the Company,” stated Mark Carten, the Company’s Chief Technology Officer and developer of CyberloQ. This is a big step for the Company and we are ready to bring CyberloQ into the mainstream to prevent FRAUD and protect personal assets on a global scale.
The Company has established relationships with Network America, S&P Peripherals, among others to begin marketing CyberloQ to their respective networks as detailed in the Companies latest 8K filing. Each Company has a specific network and channel that will benefit from the CyberloQ offering. Joe Meier, President and CEO of Network America remarked, “Network America’s seasoned services and consulting team has been helping businesses choose and implement the most powerful, layered security solutions available. This partnership with CyberloQ will enable our customers to further protect and secure user devices like never before.” Established in 1991, Network America is a premier professional services organization providing license procurement, design, training, implementation and ongoing support for systems management to organizations worldwide. Network America is veteran-owned and a schedule 70 GSA holder; visit www.naisolutions.com for more information.
“Software & Peripherals, LP has a TPSA (Third Party Supplier Agreement) in place with Dell since early 2006. As a Dell Third Party Supplier, we assist Dell by enabling the Sales Team to sell products that Dell doesn’t currently offer or products that are in their catalog, but might be on long leads or have pricing that is out of line. In addition, we can also help with custom requirements by leveraging our nearly 40 factories worldwide that we currently partner with,” stated Larry Tuggle, Director of Operations with S&P.
In early 2011 S&P was re-classified as a Third Party Supplier / Aggregator. As an Aggregator, S&P assists potential Dell partners to navigate the process of selling through Dell while they go through the on-boarding process. We are able to take on the indemnity for that particular partner ( CyberloQ ) and allow the sale of the partner’s products through Dell to Dell’s customers. This allows the Account Team to move forward with deals while the on-boarding process takes place. Once on-boarding is complete, we step away and allow Dell’s process to work as it’s intended.
The Company will continue to provide relevant updates as they become available.
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.