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8-K - CURRENT REPORT - SOLLENSYS CORP. | sol_8k.htm |
Exhibit 99.1
FOR IMMEDIATE NORTH AMERICAN RELEASE
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Contact: Donald Beavers
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Phone: (866) GET-SOLS
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Email: info@sollensys.com
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SOLLENSYS CORP. ANNOUNCES LAUNCH OF SECOND PRODUCT OFFERING –
REGIONAL SERVICE CENTER
PALM
BAY, FL / ACCESSWIRE / December 29, 2020 / Sollensys Corp. (OTC
PINK: SOLS) (the "Company") is pleased to announce that on December
1, 2020, its second product offering, the Sollensys “Regional
Service Center” was made available on a limited test market
basis and will be added to the standard product line effective
January 1, 2021.
A Regional Service Center is a single unit system
of 32 Blockchain Archive ServersTM
capable of servicing up to 2,580
individual small accounts, and is marketed to existing IT service
providers with established accounts. The Regional Service Center
offers small businesses the same state of the art technology
previously available only to large or very well-funded companies.
We believe that smaller companies, and even certain individuals,
will find the Regional Service Center affordable, paying only for
the actual space they use.
In
December 2020, we entered into Regional Service Center contracts
representing in the aggregate $2.25 million in gross sales. In
connection with these contracts, Sollensys expects to record an
aggregate of $120,000 in revenue in December 2020.
Don
Beavers, CEO of Sollensys, remarked, "We are extremely pleased with
the addition of the Regional Service Centers to our existing
product line. Initial response to the test marketing has been
excellent and we are looking forward to a full market offering in
January."
ABOUT SOLLENSYS CORP.
New management has taken control of the company
with a focus on data management and blockchain systems developed in
the United States. Sollensys’ primary product is the Blockchain Archive
ServerTM
- a turn-key, off-the-shelf,
blockchain solution that works with virtually any hardware and
software combinations currently used in commerce, without the need
to replace or eliminate any part of the client's data security that
is being utilized.
The
Blockchain Archive Server encrypts, fragments and distributes data
across thousands of secure nodes every day, which makes it
virtually impossible for hackers to compromise. Using blockchain
technology, the Blockchain Archive Server maintains a redundant,
secure and immutable backup of data. Redundant backups and the
blockchain work together to assure not only the physical security
of the database but also the integrity of the information held
within.
Blockchain Archive Server protects client data from
“ransomware” - malicious software that infects your
computer and displays messages demanding a fee to be paid in order
for your system to work again. Blockchain technology is a
leading-edge tool for data security, providing an added layer of
security against data loss due to all types of software
specifically designed to disrupt, damage, or gain unauthorized
access to a computer system (i.e. malware).
Uniquely, the Blockchain Archive Server is a turn-key solution that
can stand alone or seamlessly integrate into an existing data
infrastructure to quickly recover from a cyber-attack. The
Blockchain Archive Server is a server that comes pre-loaded with
the blockchain-powered cybersecurity software, which can be
delivered, installed and integrated into a client’s computer
systems with ease.
Forward-Looking Statements: Certain information in this press release relating
to the Company contains forward-looking statements. All statements
other than statements of historical facts included herein are
forward-looking statements. In some cases, forward-looking
statements can be identified by words such as "believe," "expect,"
"anticipate," "plan," "potential," "continue" or similar
expressions. Such forward-looking statements include risks and
uncertainties, and there are important factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. Readers should not place any
undue reliance on forward-looking statements since they involve
known and unknown, uncertainties and other factors which are, in
some cases, beyond the Company's control which could, and likely
will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. The Company is under no obligation (and expressly
disclaim any such obligation) to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
CONTACT:
866.438.7657
www.sollensys.com
info@sollensys.com