Scrypt Announces Merger With Axacore

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Scrypt, Inc. and Axacore, Inc. are merging to provide document management and delivery to regulated industries.

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This merger enables us to blend our resources and expertise to innovate faster and deliver customer value in these sectors way beyond what we could achieve individually

Scrypt, Inc. (OTC Pink: SYPT) today announced a forthcoming merger with Axacore, Inc. effective December 31, 2014. The combined company will be called Scrypt, Inc. and will have an unwavering focus on transforming document management and delivery within regulated industries. At closing, Aleks Szymanski will remain as Scrypt CEO and Nick Basil will become Scrypt CTO and join the Board of Directors. All 40 personnel in Austin and San Diego will be retained.

Post-union, Scrypt will continue to offer the patented portfolio of electronic document management and fax solutions that include Sfax, Scrypt, XDOC, FaxAgent and FOIPLY.

“Put simply, together, we are more formidable,” Szymanski said. “Both Scrypt and Axacore have been enormously successful in creating compliant cloud and on-premise products for the healthcare and lending industries respectively. This merger enables us to blend our resources and expertise to innovate faster and deliver customer value in these sectors way beyond what we could achieve individually.”

“We live in a landscape where transaction-based secure document delivery is critical.” said Basil. “As Scrypt we remain dedicated to protecting sensitive and business-critical information while providing our customers and partners with elegant, cost-effective tools to help them work better, with confidence.”

About Scrypt, Inc.
Since 1998, Austin-based Scrypt has been creating elegant document productivity tools for healthcare that eliminate manual processes and paper to save time and money. Scrypt has more than 30,000 customers across all 50 states. This fall, the Austin Business Journal FAST 50 named Scrypt as the eighth fastest growing small business in Central Texas. Visit http://www.scrypt.com for more information. Follow us on twitter @scryptinc.

About Axacore, Inc.
Axacore, based in San Diego, has been helping organizations streamline paper-intensive business processes and automate the flow of documents since 1996. Axacore’s products have won numerous awards and accolades for their scalability, flexibility, integration capabilities and ease of use. Axacore’s products are delivered direct and through a network of OEM partners. Find out more at http://www.axacore.com.

Disclaimer. This note may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including among other things, its ability to finance operations on terms acceptable to us, new and increased competition, changes in market demand or customer preferences. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward looking statements. The information contained in this note is only current as of December 17, 2014.

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Gilly Harris