eCrypt Technologies, Inc. (ECRY.OB) Secures $2
Million in Financing
July 01, 2010 12:57 PM Eastern Daylight Time
BOULDER, Colo.--(EON: Enhanced Online News)--eCrypt Technologies, Inc. (OTCBB: ECRY) is pleased to
announce it has secured USD$2 million pursuant to a financing agreement signed in April. To date, eCrypt
Technologies, Inc. (the “Company”) has received $400,000.
The financing is in exchange for issuing restricted common stock.
“We’re very pleased to have secured the financing as it allows the Company to ensure its 2010 operational goals can
be initiated. We took the first step when we launched a national ad campaign with a 30-second commercial that
aired on CNBC, and is available for viewing on YouTube and on the Company’s website,” commented Brad Lever,
CEO of eCrypt. “It also allows us to continue our research and development to allow eCrypt to stay at the forefront
of wireless security as the world increasingly turns to wireless apps.”
eCrypt’s signature software affords users complete security on their BlackBerry® smartphones by opening a secure
“tunnel” for communication between two users, with unique keys that are not stored on any servers. BlackBerry
smartphones are the flagship product of Research in Motion (NASDAQ: RIMM).
About eCrypt Technologies
eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product
“eCrypt” is a first-of-its-kind encryption software for wireless email on BlackBerry® smartphones, and is available
under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available for the
BlackBerry® smartphone OS, eCrypt software prevents unwanted access to email messages during transmission
and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to
the content of their emails.
eCrypt is a member of the BlackBerry® Alliance Program and has successfully obtained a Mass Market Status for
its product from the