AUSTIN, TEXAS--(Marketwired - Feb. 25, 2015) - Ecrypt Technologies, Inc. (OTCQB:ECRY) is pleased to announce that it has entered into a Joint Venture (JV) agreement with DTREDS Consolidated Inc. (aka DCI), a leading provider of telecommunications infrastructure services and products in commercial, federal and international markets. DCI's capabilities include full infrastructure security services complementing Ecrypt's portfolio.
Dr. Cellucci, Ecrypt's CEO commented: "The purpose of this Joint Venture is to provide funding for the operational expansion of mutually agreed upon subsidiary companies already identified that should yield significant net profits to both joint venturers due to a currently funded contract backlog of over $14.2 M and a conservative, anticipated contract revenue stream of over $20 M for 2015. To put it simply, Ecrypt is continuing to execute on its detailed strategic business plan with a focus on rapid, profitable growth leveraging its core competencies in its software, tools and systems capabilities."
DCI primarily serves federal civilian agencies such as the US Department of Homeland Security, the Department of Defense, members of the Intelligence Community, as well as commercial clients.
Mr. Steve Vento, DCI's Chief Operating Officer commented: "We could think of no better JV partner than Ecrypt. With Dr. Tom Cellucci at the helm, we anticipate rapid improvement in both the top and bottom lines, in the short and long terms, due to his experience in managing successful companies over the last 25 years. We are truly excited by the genuine teamwork already demonstrated by our respective teams to succeed."
Ecrypt founder and COO, Brad Lever commented: "I am very enthusiastic about the complementary services and products both firms hold. This joint venture is a critical part of Ecrypt's strategy to further develop our systems offerings, and we anticipate that it will result in significant profits for both parties. "
DCI is a holding company comprised of mission-focused Subject Matter Experts (SMEs), Project Management Professionals, and skilled tradesmen with a dependable reputation for providing military, government, civilian, and commercial entities turnkey tower construction and critical communications infrastructure services worldwide.
About DTREDS Consolidated Inc.
DCI offers the superior management, engineering, technical, and installation expertise and experience expected of larger corporations, yet we capitalize on the efficiency, agility, and drive inherent in a successful nimble business. Our success is built on the commitment and passion of the dedicated professionals we employ.
About Ecrypt Technologies
Ecrypt Technologies, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit http://ecryptinc.com.
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.