Business
CyberloQ Technologies, Inc. Officially Up-Lists to the OTCQB Exchange and Provides a Detailed Shareholder Update
CyberloQ Technologies, Inc. Officially Up-Lists to the OTCQB Exchange and Provides a Detailed Shareholder Update.
About this update from Cyberloq Technologies Inc.
[{"type":"text","content":"\n SARASOTA, FL, May 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – CyberloQ Technologies, Inc. (\"CyberloQ\" or the \"Company\") ( CLOQ ) is pleased to announce the following update on the Company's business and information objectives going forward. CyberloQ Technologies, Inc. has upgraded to the OTCQB market; this demonstrates the company’s ongoing commitment to adhere to U.S. State and Federal securities laws. Providing investors with current information helps reduce trading restrictions that may be faced on the Pink Market. In the complex \"startup\" context, we are fortunate to have a solid group of shareholders supporting to transform the CyberloQ product suite into a robust and extensible cybersecurity SaaS (Software as a Service) Platform.  As we near completion of this large-scale investment in our product, the Board of Directors recognized the corresponding opportunity, through this move to the OTCQB market, to make a similar investment in the Company's public-market presence.  This upgrade to the OTCQB will provide the Company with greater liquidity and access to capital for future growth and operating expenses. Specifically regarding the development of our cybersecurity SaaS Platform, the Company anticipates that the initial phase of integration with Pannovate's Banking Orchestration Platform to be completed toward the end of Q2, 2023. Award winning platform Pannovate is a Banking-as-a-Service and orchestration layer that enables banks, fintech and businesses to power growth and deliver seamless digital and embedded finance experiences to transform lives, working globally with innovators, digital banks and cutting-edge startups. The CyberloQ Secure™ Platform is the most robust and extensible geolocation-based Multi-Factored Authentication (MFA) technology available, and we are making tremendous progress to complete its integration into the Pannovate’s Banking Orchestration Platform. This combined functionality will create a distinct and unique cyber-security solution specifically for the banking and payment industry by equipping Pannovate's Platform with the most comprehensive security suite available for combating fraud for its clients. “We are excited to see all of the collaboration between our two companies coming to fruition in this integrated set of se...