THE WOODLANDS, TEXAS, Oct. 10, 2018 — via NEWMEDIAWIRE — Optium Cyber Systems, Inc. (Optium) (OTC:OCSY) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI) to acquire a leading cyber security firm. The acquisition target has an award-winning product with hundreds of clients located in more than 25 countries world-wide. The LOI provides the basis of a transaction where Optium will acquire 100% ownership in exchange for restricted stock with the target acquisition being established as a wholly owned subsidiary. Current cyber security operations will be transferred to the target acquisition.
“This is another great opportunity for Optium;” commented George Rutherford, President of Optium Cyber Systems. “This acquisition offers a turn-key cyber security solution at an affordable monthly subscription. It is simple to install and offers complete comprehensive protection. It currently has clients in over 25 countries with a user base that is growing monthly. It is positioned to be a market leader in turn-key cyber security solutions;” continued Mr. Rutherford.
About Optium Cyber Systems, Inc.
Optium Cyber Systems, Inc. is a Texas based corporation positioning itself to be a premier provider and industry leader in protection and security services. It has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure, which is scalable to any size organization in any industry. In addition to its cyber security asset, Optium Cyber Systems is growing through acquisition. It recently announced the acquisition of Iron Man Protection, LLC and is actively pursuing to acquire other companies in the security sector that will value to its bottom line. Optium Cyber Systems is a publicly traded company having its common shares quoted on the OTC Markets under the symbol “OCSY”.
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Optium Cyber Systems, Inc.
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Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Optium Cyber Systems, Inc.’s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.