WorldFlix Secures
up to $16 Million in Carden Capital Deal and Hosts Facebook Live
CEO Chat
Los Angeles, CA -- April 05, 2018 -- InvestorsHub NewsWire --
WorldFlix, Inc. (OTC:WRFX), and its global
cybersecurity software subsidiary Paranotek, is proud to announce
that it has signed an agreement with Carden Capital to invest up to
$16 million in a Regulation A + offering. Carden Capital is a
registered investment advisor based in Colorado that manages a
variety of public and private market investment strategies for high
net worth and institutional clients. Additionally, Carden
Capital’s extensive expertise and blue chip investment banking
background in structured solutions allows them to tailor their
funding solutions to the specific needs of OTC high growth
companies such as WorldFlix. Additionally, Carden Capital has over
40 million dollars in SEC-registered assets currently under
management.
Gavan Duemke, Managing Partner of Carden Capital, confirmed, “We
are very happy to be working with Brad, Mick, and the rest of the
WorldFlix team, to help them execute on their business plan and
bring their groundbreaking technology to market. We believe
strongly in their encryption technologies as well as their ability
to execute on their business plan to capitalize on the Company’s
products both here in the US and overseas.”
Brad Listermann, CEO of WorldFlix, added, “We have been looking
forward to finalizing funding with an exclusive, well established
capital partner with experience supporting high growth OTC
companies. Company management has decided the sell the
Regulation A + offering exclusively to Carden Capital as we believe
opening up the offering to the general public could create
unnecessary downward market pressure. By selling to only one
institutional partner with anti-dilution agreements in place,
WorldFlix can better prevent unnecessary dilution and better manage
when and how much capital we raise. We are looking forward to a
successful partnership with Carden Capital. ”
WorldFlix CEO
Facebook Live Event
On March 20th,
CEO Brad Listermann hosted a Facebook Live event to discuss recent
updates on the Company and to answer live questions from
shareholders and other interested parties. The live event was very
well received and has gotten over 1.8K views. During the live
event, Listermann interacted with online viewers and discussed a
wide range of topics to include:
-
The WRFX Regulation A + Offering
-
Benefits of the OTC Marketplace
-
Paranotek and the Parano Encryption Technology IP Protection
Status
-
Upcoming Encrypted Chat App Demo
-
Artificial Intelligence Plans
-
Technology and Application Revenue Status
An archived video of the live event is available on the Company
Facebook Page under Videos and is titled ‘Brad Listermann, CEO -
WRFX Live.’ or directly at
https://www.facebook.com/worldflixinc/videos/1919855814754667/
About Carden
Capital LLC. (www.cardencapital.com)
Carden Capital provides a comprehensive suite of Smart Correlation™
Investment Strategies for institutional and individual clients,
designed to outperform benchmark indices on an absolute and
risk-adjusted basis. Carden Capital’s Smart Correlation™ Investment
Strategies seek a high correlation with their benchmarks during
bull markets and an inverse correlation during bear markets,
thereby offering strong diversification benefits for
investors.
About WorldFlix,
Inc. (www.worldflix.co)
WorldFlix, Inc. (OTC PINK:WRFX) operates in a niche
business space within the technology and entertainment sphere.
WorldFlix divisions include AppFarm, an investment ecosystem for
acquiring, developing, and growing niche apps for mobile and tablet
devices; Drobbits, an interactive platform that allows users to
create, play and monetize their own video games; Paranotek, a
security technology and design company that incorporates its
military-grade, proprietary security and privacy features when
developing software and apps; Swantry, designed to allow parents to
ensure their child is safe on their mobile device; and WorldFlix
Entertainment Management, a television and movie development and
management business. For more information on WorldFlix, Inc.,
please visit www.worldflix.co.
About
Paranotek (www.paranotek.com)
Paranotek is a partnership between WorldFlix, Inc. whose foundation
began as a Finnish technology and design company working with US
partners. Paranotek's products range from securing big data
storage, virtual private networks, cryptocurrency safety, file
sharing and instant messaging services to various enterprise
software utilities, all based on our disruptive security
technology. While other popular apps, software and services collect
your data, Paranotek's unique security technology never collects
user data, thus providing an extra layer of enhanced privacy for
our users. For more information on Paranotek, please visit
www.paranotek.com.
FORWARD-LOOKING STATEMENTS:
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. These statements are based on current expectations and
are to a certain degree uncertain. Words such as expects,
anticipates, intends, believe, plan, will and similar words are
expressions intended to identify these forward-looking statements.
These statements involve risk and subsequently are difficult to
evaluate. Actual results may vary from descriptions herein due to
many factors including but not limited to changes in business
conditions, changes in laws and regulations, problems encountered
in exploration and obtaining permits, changes in the competitive
environment, technological advances, shortages of skilled workers,
the need for additional capital and other risks listed in the
company's Securities and Exchange Commission filings under "risk
factors" and elsewhere. Forward-looking statements speak only as of
the date they were made, and the company is under no obligation to
update them.
For more information, please visit:
www.worldflix.co,
www.paranotek.com,
www.swantry.com.
CONTACT INFORMATION
WorldFlix, Inc. (OTC:WRFX)
Brad Listermann
Chairman and CEO
(310) 684-2462
brad@worldflix.co