Validian Issues Marketing and Sales Update
OTTAWA, July 27, 2016 - Validian Corp. (OTCQB: VLDI), a leading innovator in cyber-security technology, today issued the following marketing and sales update.
Through Q1 & Q2, 2016, Validian, with its channel partners, has built and continues to grow an extensive sales pipeline starting with specifically targeted leads that are established customers, partners or relationships of our channel partners. Through the exchange of marketing and technical documentation, discussions, meetings, installations, demonstrations and testing, our channel partners have evolved these leads into prospects that are interested in Validian's technology and proceeding further with the development of business relationships with Validian. Many of these prospects continue to evolve into qualified prospects who at that stage are very serious about licensing, implementing and deploying Validian's technology. Validian and its channel partners are obtaining success and traction in turning leads into prospects and then into qualified prospects because Validian meets a number of immediate needs for cyber security as well as for differentiating features and capabilities that are neither solvable nor achievable using any other combination of technologies, and certainly not at the speed and low cost of implementation afforded by Validian.
Validian's growing sales pipeline covers a number of market sectors:
Bruce Benn, Chief Executive Officer of Validian, commented on the Company’s progress and recent developments:
"We understand that many shareholders are eagerly awaiting the announcement of Validian’s first deal. However, it is essential to sustainable growth and commercial roll out that Validian spent the past six months arranging, structuring and implementing the ability to scale quickly over one to a few weeks, not in 6 to 12 months, to large, requisite numbers of skilled personnel that will provide a full range of technical services and assistance in the areas of:
Closing a substantial financial round in June was critical to cementing these requisite abilities of support in place. Now, the company is adequately positioned to accommodate large-scale requests from qualified prospects, many of whom have hundreds of millions of end users and/or application endpoints. We are very pleased with Validian’s traction. Having started scheduling in July, the company is now proceeding with more than 10 qualified prospects, comprising large to major companies, during August and September and we already are booking more for October.
In closing, 2016 continues to be a significant year full of key developments in sales, in cash flow and in revenue that we have all been patiently waiting for.”
About Validian Corporation (OTCQB VLDI)
Validian's radically innovative, cyber security middleware platform provides, manages and governs secure access of mobile, web and non-mobile applications, mobile devices, computers, servers, databases and infrastructure as well as secure access, storage, transfer, usage and sharing of critical data and digital information - where the value is.
Validian enables the next generation of secure Mobile Messaging, Communications and Advertising; Cloud Computing and Cloud Storage; Distributed Applications and Computing; and Web Application and WebPortal Access and Usage.
Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com for more information on its digital asset solutions.
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Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
Bruce Benn, CEO and President