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Identillect Reports Continued Positive Subscriber Growth

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IRVINE, Calif., Aug. 30, 2017 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a trusted leading provider of SaaS email security today announced another month of positive growth numbers for July 2017. During the month of July, we saw another month of greater than 10 percent growth versus the average over the last 6 months.

Identillect CEO Todd Sexton stated, "There has been a significant change in the mindset of businesses to take proactive steps to secure their internal and external communications. This is primarily due to the significant change in regulations for many industries, including both state and federal regulations. With cyber-attacks at an all-time high, the growth for this industry seems to have no bounds."

There were more than 15 million Americans who experienced identity theft based on a recent study released by Javelin Strategy & Research. Even more concerning is the fact that this cost Americans over $16 billion, and this figure is expected to increase throughout 2017.

The cyber security market is one of the fastest growing markets in technology.  Breaches involving accidental email/internet exposure of information were the second most common type of breach incident reported by the Identity Theft Center. Global spending will cumulatively exceed $1 trillion dollars over the next 5 years, with cyber security damages predicted to reach $6 trillion globally by 2021 reported by CSO online.  The need for advanced cyber security tools to prevent data breaches will only continue to increase with an estimated 4 billion individuals online requiring security by 2020.

About Identillect

Identillect Technologies is the leading provider of email encryption service Delivery Trust™, empowering enterprises of all sizes to protect their business and their client's critical information against cyber security attacks. 

Delivery Trust™ is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind. 

For more information, or your free trial, please visit www.identillect.com

On Behalf of the Board of Directors of:

IDENTILLECT TECHNOLOGIES CORP.

Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com

Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
id@kincommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

 

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