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Identillect Technologies Corp V.ID

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).


TSXV:ID - Post by User

Post by goforit59on Mar 13, 2018 8:29am
156 Views
Post# 27705254

News

News

2018-03-13 08:00 ET - News Release

 

IRVINE, Calif., March 13, 2018 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a trusted leading provider of compliant email security, announced today All Heart Home Care, a provider of therapeutic Home Care Services for the elderly in the state of New York, has selected Delivery Trust® for email communication security across its network.

All Heart Home Care’s focus is to provide dignified, top quality home care service to the elderly, one of the fastest growing segments in North American populations.

All Heart Home Care has proudly served New York City and area since its establishment in 2012. All Heart Home Care, a fully licensed agency, offers comprehensive home health care to its clientele which includes live in care, nutritional counseling, and visiting nurses to ensure all needs are met. Steve Gershkowitz, CEO of All Heart Home Care states, “It is critical to ensure we are protecting our client data, therefore, we selected Delivery Trust for its ease of use in providing secure communications. Additionally, the added benefit of being able to place controls on all email communications is an excellent feature which we will put to good use to ensure maximum security for patient communication.”

According to the Populations Reference Bureau, the number of Americans aged 65 and over is set to double from 46 million today to 98 million in 2060. Additionally, this 14% of the population currently accounts for 34% of health-related spending in the United States. This is due in part to an aging population, as well as the average lifespan increasing from 68 years of age in 1950, to 79 years in 2013. These individuals are more likely to be the subject of scam attempts, with a recent survey of caregivers indicating that 67% of seniors had been the subject of a scam.

Todd Sexton, CEO of Identillect Technologies comments, “We are pleased to be able to provide Delivery Trust email security solutions to All Heart Home Care, a provider of top quality home care services. With intensified and expanded regulations for patient privacy under HIPAA, we expect the health care segment to see growth in the demand for compliance software. This regulatory headwind has caught hold at a time when the nation’s population has experienced a strong aging effect. When combined, it results in a segment which is expected to see hyper growth in the near term.”

The Health Insurance Portability and Accountability Act (HIPAA) is legislation focused on data privacy and security for medical information. As a result of increasing cybersecurity threats, the rules surrounding internet security were enhanced to protect confidential patient information. This legislation was also extended to a larger swath of health care providers, requiring strong security features to be implemented to reduce the likelihood of data leaks. This extension now applies to any health care provider, as well as business associates, which utilize the electronic transmission of confidential patient data. Operators not in compliance can face hefty fines and potential criminal penalties should a data leak occur, resulting in a growing demand for compliance software estimated to increase by as high as 13.6% over the next several years in a recent Frost & Sullivan report.

About All Heart Home Care
Serving those in need of one of the best home care agencies New York offers, we provide skilled, therapeutic Home Care Services to our clients in the comfort of their own home. We have ongoing contact with doctors, assess needs on a regular basis and customize services based on individual needs. We are a full-service home health care agency which provides comprehensive, compassionate care in the comfort of our client’s home. Our qualified staff is committed to providing the best Home Care Services possible in a manner which preserves the well-being and dignity of everyone we serve.

For more information on All Heart Home Care please visit https://www.allheartcare.com

About Identillect
Identillect Technologies is the leading provider of email encryption service Delivery Trust®, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks. 

Delivery Trust® is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind. 

For more information, or your free trial, please visit www.identillect.com

On Behalf of the Board of Directors of:

IDENTILLECT TECHNOLOGIES CORP.

Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

© 2018 Canjex Publishing Ltd. All rights reserved.

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