Bridgetown, Barbados (PRWEB) May 13, 2008
TruState International Inc. (TruState) is the first company to market with a cost-effective solution for protecting identity and private information online. The company is pleased to announce today its completion of the asset purchase of TruState LLC. This acquisition includes all intellectual property, as well as the company's assets and liabilities, effective as of February 29th, 2008.
"We've successfully executed the transaction and the company is structured to move forward on our globalization strategy," said CEO and Chairman for TruState, Gary Bartholomew. "We're in the process of rolling out SecureView to our pilot partners in all major economies around the world with the view to establishing it as a global standard for protecting users in online environments."
SecureView is TruState's strong, two-factor authentication security platform. This patent-pending solution addresses vulnerabilities inherent to web-based interaction and protects against online identity theft. SecureView is cost effective, easy to use, and scalable to any size organization. As a result, companies are able to apply security quickly, reducing capital expenditures, while also removing exposure of its private information and that of its customers. SecureView is a fast and simple solution that will restore trust in e-commerce and support the Software-as-a-Service (SaaS) revolution.
About TruState International Inc.
TruState is setting a new standard for secure Internet transactions with SecureView; a cost-effective authentication solution that safeguard's against web-based identity theft. The company, headquartered in Bridgetown, Barbados, is embarking on its strategy to establish localized operating subsidiaries in all major economies, as well as emerging markets. For more information about TruState International, Inc. and its services, please visit http://www.TruState.com or email info @ TruState.com.
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
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