Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary SaaS based data authentication, is pleased to announce that it has a Patent pending with the US Patent and Trademark Office ("USPTO") related to its method and system for deployment of an authentication seal in secure digital voting.
The Company was previously granted a patent by the USPTO for its "Method and System for Authentication Seal Deployment in Networked Immutable Transactions", the underlying technology to the current patent application for secure digital voting, shareholder voting, and potentially voting in all aspects.
"The intellectual property we have developed in the realm of secure digital voting is unique and more importantly one of the world's first patent around fast, low latency route to render arbitrary binary records effectively immutable, in that they cannot be forged or altered without detection. This will democratize voting by allowing easy, fast, secure and immutable voting results to be recorded and tabulated in record speed, " said CEO of SoLVBL Kaiser Akbar. "Our authentication seal in secure digital voting will allow people to vote with apps on their digital devices, including their cell phones, confidently and securely, and will assist in mass participation in the electorate by citizens, "added, Kaiser Akbar.
Such functionality opens the door for verifiable voting, whose proof of authenticity can be stored and, or, transmitted alongside the voting record itself. This technology has the power to ensure that low participation or disenfranchisement of voter rights can be a matter of the past.
The Company is pleased to announce the results of its Annual and Special Meeting of Shareholders ("AGM") held on June 20, 2022.
All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular were approved by the requisite majority of votes cast at the AGM.
The shareholders elected the following directors for the ensuing year: Khurram Qureshi, Vikas Gupta, Brenda Brown, Musabbir Chowdhury and Alan Rootenberg.
Shareholders also approved the appointment of MNP LLP as auditors of the Company for the ensuing year, and approved the Company's stock option plan.
About SoLVBL Solutions Inc.
SoLVBL is an innovative cybersecurity company. The Company's mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. The lead product Q by SoLVBL™, is a proprietary software of the Company, designed to be easy to use and adopt, economically priced and provide digital record authentication at an unprecedented speed. Q by SoLVBL™ allows organizations to establish trust in their data. The Company is currently pursuing the following verticals: chain of custody for digital evidence; including, NG-911, data used in the financial sector, medical applications and critical IoT infrastructures.
For more information, please visit SoLVBL.com
For Further Information, Contact:
SoLVBL Solutions Inc.
Kaiser Akbar, President & CEO
100 King Street West, Suite 5700
Toronto, ON, M5X 1C7
Cautionary Note Regarding Forward-looking Information
The CSE has neither approved nor disapproved the contents of this press release.
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of the Company to successfully achieve its business objectives, including, the implementation and success of Q by SoLVBLTM, and expectations for other economic, business and/or competitive, factors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, SoLVBL assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
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