Validian Provides Update on Past Year's Progress
OTTAWA, Dec 18, 2012 (GLOBE NEWSWIRE via COMTEX) --
Validian Corp. (OTCQB:VLDI), a developer of software based solutions for the management and protection of digital information, data and assets, today issued an update on a series of developments occurring at the Company during the past 14 months, which included:
4 installations of ValidianProtect 2.0, which provided valuable feedback from usage and testing;
verification and validation of the speed of integrating Validian wherein developers have been able to integrate ValidianProtect version 2.0 into some sophisticated applications in less than 4 days, whereas it had previously taken more than 6 months to integrate SSL into the same code base;
verification that Validian has the only technology to do secure peer-to-peer transmissions; and
verification that Validian is ideal for preventing man-in-the-browser attacks that are plaguing every online banking application in the world today.
These installations, usage and testing of ValidianProtect 2.0 have been instrumental in Validian's design and architecture for version 2.1, which extends Validian's platform to securely enabling web applications and to multi mobile platforms enabling tablets and smartphones to securely access and use web applications and the Cloud.
Furthermore, these installations have resulted in sales and pre-paid revenues exceeding $500,000, which Validian expects to be able to recognize as revenues when it delivers ValidianProtect 2.1 to these channel partners and customers. Validian also has generated a number of additional installation requests, including collaborating on the development of some specialized Validian-enabled solutions.
The onslaught of cyber attacks against major organizations continues unabated, including hacking and theft of valuable digital information through breaches of mobile networks and web applications, like online banking. Validian enables businesses and governments to prevent, not just detect, these cyber attacks, to access and transfer valuable digital information through any networks, and to ensure that this valuable information is protected throughout mobile networks, web applications and the Cloud.
In reference to these developments, Bruce Benn, the CEO of Validian, stated: "As 2012 comes to a close, I want to thank the shareholders of Validian Corporation for their patience and support. It is greatly appreciated. This has been a good year for Validian in terms of certain technical advances and validations we have achieved and we look forward to releasing our next version for web applications and mobile platforms during the 1st quarter of 2013."
About Validian Corporation
Validian Corporation (OTCQB:VLDI) technology provides secure access, transfer and storage of digital information on wired, wireless or mobile networks over the Internet. Validian technology enables secure Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada.
Visit www.Validian.com for more information on its digital asset solutions.
The Validian Corporation logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=8287
Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
CONTACT: Bruce Benn
President & CEO
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