VANCOUVER, BC and SAN DIEGO, Aug. 25, 2023 /CNW/ -- CyberCatch Holdings, Inc. ("CyberCatch'' or the "Company") (TSXV: CYBE), an innovative cybersecurity company offering an AI-enabled platform solution for continuous compliance and cyber risk mitigation, is pleased to announce that it has entered into a consulting services agreement with AI Venturetech, Inc. ("AI Venturetech"), a New York-based consulting firm with an AI research lab specializing in AI, quantum computing and cybersecurity.
Pursuant to the consulting services agreement effective August 1, 2023 between the Company and AI Venturetech (the "Agreement"), AI Venturetech's engagement is for two and half months beginning August 01, 2023 (the "Term"). AI Venturetech will profile the Company in its AI research lab and educate the business community about the Company's AI-enabled cyber risk mitigation solution and its value proposition. The Company will pay AI Venturetech an aggregate of $5,000 USD for the Term of the Agreement. The Agreement is subject to TSXV approval.
"We are excited to welcome CyberCatch as a trusted solutions provider for our Next Realm AI and cybersecurity research lab. With their innovative platform and expertise in enabling continuous compliance and risk mitigation, CyberCatch is an ideal partner as we guide the community to build ethical and effective AI systems for advanced cybersecurity. CyberCatch's unique approach of automating control testing to identify and help fix vulnerabilities aligns perfectly with our mission of inspiring the development of proactive solutions to stay ahead of emerging threats. We look forward to collaborating with CyberCatch, and leveraging their thought leadership, as we explore what's possible in AI-enabled cybersecurity," said Tom Bustamante, Founder and CEO, AI Venturetech.
Mr. Bustamante may be contacted at www.aiventuretech.com. Neither AI Venturetech nor Mr. Bustamante has (i) a relationship with the Company other than by virtue of providing the services under the Agreement, or (ii) any interest in the Company or its securities, or the right or intent to acquire such an interest
This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
About CyberCatch
CyberCatch Holdings, Inc. (TSXV:CYBE) is a cybersecurity company that provides a proprietary, artificial intelligence-enabled (AI) Software-as-a-Service (SaaS) solution that enables continuous compliance and cyber risk mitigation to organizations in critical segments, so they can be safe from cyber threats. The CyberCatch platform focuses on solving the root cause of why cyberattacks are successful: security holes from control deficiencies. It first helps implement all mandated and necessary controls, then the platform automatically and continuously tests the controls from three dimensions (outside-in, inside-out and social engineering) to find control failures so one can fix them promptly to stay compliant and safe from attackers. Learn more at: https://www.cybercatch.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: info@cybercatch.com
SOURCE CyberCatch
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