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VANCOUVER, Sept. 7, 2016 /CNW/ - VirtualArmor International Inc.
("VirtualArmor") (CSE:VAI) is pleased to announce it has granted an aggregate of 1,000,000 stock options to Matthew Brennan, President of the Company and an aggregate of 20,000 stock options to an employee of the
Company. The options will vest pursuant to the stock option agreements between VirtualArmor and each optionee and may be exercised
at an exercise price of CAD$0.40 per common share, for a period of 5 years from the date of issuance
or earlier in accordance with VirtualArmor's incentive stock option plan.
About VirtualArmor
VirtualArmor is a cybersecurity company that delivers solutions to help enterprises build, monitor, maintain and secure their
networks from cloud to core. As a managed security services provider, VirtualArmor's services run 24 hours per day, 7 days per
week, 365 days per year through its primary security operations center ("SOC") located in Middlesbrough,
U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor's
team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the
design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed
partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of
the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses
specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service
provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple
service providers with presences throughout the United States, and household name enterprise
organizations located primarily in the western United States. Further information about the
Company is available under its profile on the SEDAR website, www.sedar.com, on
the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation. The
forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor.
Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance
that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor
disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information,
future events or results or otherwise, other than as required by applicable securities laws.
SOURCE Virtual Armor
