VANCOUVER, BC and SAN DIEGO, Aug. 3, 2023 — 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 it signed up a record number of customers from a variety of critical industry segments in North America in the month of July 2023, totaling approximately $400,000 CAD in sales bookings.
The customers in U.S. and Canada ranged from a large medical healthcare provider, higher educational institution, regional economic development corporation, law firm, technology company, housing development authority, private-equity firm, wealth management and investment advisory firm, employee benefits consulting firm to construction industry trade association.
The customers signed up for the company’s industry-leading Software as a Service (SaaS) AI-enabled continuous cybersecurity compliance and cyber risk mitigation solution and / or advanced cybersecurity services such as a cybersecurity maturity assessment and advanced red-team penetration test.
The company is also pleased to announce it generated over $4,000,000 CAD in new sales pipeline from demand generation marketing activities in the month of July 2023, to add to the current $10,000,000 CAD sales pipeline.
Both the record sales and pipeline generation was from direct sales and marketing activities.
“We are delighted with the direct sales and demand generation marketing success and thrilled to finish the current fiscal year strong with a record month in new sales bookings and pipeline in July 2023. We are expecting continued sales bookings growth each month in the new fiscal year as we continue to execute and stay focused on accelerated sales growth, especially as we complement our direct sales efforts with key large sales distribution partners we have signed up and are activating and will sign up additional ones in the coming months,” said Sai Huda, founder, chairman and CEO, CyberCatch. “We are excited with the market demand and sales momentum with prospects and customers in a variety of critical industry segments and look forward to seeing the sales bookings convert into annual recurring revenue (ARR) growth in the new fiscal year.”
“We have a unique value proposition that enables our customers to take their cyber risk management to the next level with our AI-enabled comprehensive solution and advanced cybersecurity services to mitigate cyber risk continuously and keep our customers not only in compliance, but also one step ahead of rapidly increasing cyber threats,” continued Sai Huda.
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
Featured Image @ FreePik
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding CyberCatch Holdings Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to CyberCatch Holdings Inc.’s industry; (b) market opportunity; (c) CyberCatch Holdings Inc.’s business plans and strategies; (d) services that CyberCatch Holdings Inc. intends to offer; (e) CyberCatch Holdings Inc.’s milestone projections and targets; (f) CyberCatch Holdings Inc.’s expectations regarding receipt of approval for regulatory applications; (g) CyberCatch Holdings Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) CyberCatch Holdings Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute CyberCatch Holdings Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) CyberCatch Holdings Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) CyberCatch Holdings Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) CyberCatch Holdings Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of CyberCatch Holdings Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) CyberCatch Holdings Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact CyberCatch Holdings Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing CyberCatch Holdings Inc.’s business operations (e) CyberCatch Holdings Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, CyberCatch Holdings Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does CyberCatch Holdings Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither CyberCatch Holdings Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of CyberCatch Holdings Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of CyberCatch Holdings Inc. or such entities and are not necessarily indicative of future performance of CyberCatch Holdings Inc. or such entities.
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