Advanced Credit Technologies, Inc. Completes Distribution Onboarding, Announces Partnership with Kairos Facial Recognition
Venice, FL - (NewMediaWire) - September 26, 2018 - Advanced Credit Technologies, Inc. ("CyberloQ" or the "Company") (OTCQB: ACRT) is pleased to announce the following update on the Company's business and information objectives going forward.
Advanced Credit Technologies (“ACRT”), software developers of the proprietary CyberloQ™ Multifactor Identity Verification cybersecurity solution, are pleased to announce the completion of the onboarding process into IT distribution and completion of a formal partnership with Miami based Kairos facial recognition software.
Kairos (www.kairos.com) is a leader in artificial intelligence specializing in face recognition. Through computer vision and a deep learning model, Kairos can recognize faces in videos, photos and the real world, making it easier than ever to transform the way all types of businesses interact with people. CyberloQ’s identity verification application will offer a Kairos integrated solution and stand-alone CyberloQ branded facial recognition solutions to resellers through IT distribution.
ACRT’s President Chris Jackson says, “Our partnership with Kairos is strategically important for two very distinct reasons. First, and foremost, from a philosophical perspective both companies have identified the need to keep their customers personally identifiable and other private information anonymous by offering integration via API’s. That means both CyberloQ and Kairos will never store or collect any of their customer’s information on their servers. Secondly, facial recognition in combination with the CyberloQ identity verification solution app offers a veritable ‘silver bullet’ to the number one reason why companies and other institutions lose billions of dollars every year – identity fraud.
“In addition, our distributor and strategic partnerships will provide ACRT with a solid platform to market the CyberloQ suite of Identity Verification solutions globally and gain exposure to the types of IT reseller and software integrators who specifically focus on security solutions. Cyber Security is projected to reach $281 billion dollars by 2021 and Identity Governance is a large part of that growth. We feel that partnering with both Karios and IT distribution are strategically sound decisions which will help ACRT capitalize on the type of rapid growth currently forecasted by industry experts in the Identity Verification space.”
Advanced Credit Technology (ACRT) is the developer of CyberloQ a proprietary Multifactor Authentication (MFA) Identity Verification Application. CyberloQ uses unique identifiers from any mobile device in combination with the user’s PIN or biometric markers and geofence. CyberloQ automatically disables a user’s account if they breech the secure perimeter. (see www.cyberloq.com for more information).
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.
Chris Jackson 612-961-4536 email@example.com