Vancouver, B.C. – (November 1, 2016) VirtualArmour International Inc. (the “Company”) (CSE:VAI), an IT solutions provider that helps enterprises build, monitor, maintain and secure their networks from cloud to core, is pleased to announce that the Company has received an order for USD $264,000 under their hardware and professional services platform from a global medical devices company that specializes in software solutions for oncology treatments.
“We are thrilled to see that global companies in a number of different verticals view us as a leading IT solutions provider that can manage their network infrastructure with our best of breed security technologies. This particular customer, in the medical devices industry, has been purchasing from our Company since the beginning of the year and most recently made their largest purchase of USD $264,000 in the form of hardware and professional services,” said Matthew Brennan, President of VirtualArmour. “This is the type of repeat order that provides evidence to the marketplace that leading companies are ready and willing to continue spending their network budgets using VirtualArmour solutions.
“Moving forward into the later parts of 2016 and into 2017, we expect these types of repeat orders to continue growing as customers that began with us in early 2016 continue to see the added benefit of what we do,” continued Matthew Brennan. “We expect the same trend where an initial small purchase will translate into a larger purchase down the road, providing us with a steady stream of higher spend per customer and recurring revenue.”
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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 VirtualArmour. Although VirtualArmour 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 VirtualArmour 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 VirtualArmour 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.