Identillect Technologies Corp V.ID

Technology Software - Infrastructure

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).

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Identillect Technologies Corp

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Comment by PennyTrader10on Jul 17, 2018 11:40am

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Post# 28327051

RE:ANYBODY HAVE ANYTHING TO SAY ABOUT THIS?

FYI: That is a very common and general statement made by all companies that are yet to be Cash Positive.

Lovecheapies wrote: The preparation of these financial statements requires management to make judgments regarding the going concern of the Company. As at March 31, 2018, the Company had working capital of $242,494 (December 31, 2016 – $498,157). The Company likely has insufficient funds from which to finance its operating activities for the next 12 months; consequently, the Company remains dependent on external sources of financing until such time as it can internally generate sufficient income from software sales to service its on-going operating cost requirements.