LOS ANGELES, April 05, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- WorldFlix, Inc. (OTC:WRFX), and its global cybersecurity software subsidiary Paranotek, is proud to announce that it has signed an agreement with Carden Capital to invest up to $16 million in a Regulation A + offering.  Carden Capital is a registered investment advisor based in Colorado that manages a variety of public and private market investment strategies for high net worth and institutional clients.  Additionally, Carden Capital’s extensive expertise and blue chip investment banking background in structured solutions allows them to tailor their funding solutions to the specific needs of OTC high growth companies such as WorldFlix. Additionally, Carden Capital has over 40 million dollars in SEC-registered assets currently under management.

Gavan Duemke, Managing Partner of Carden Capital, confirmed, “We are very happy to be working with Brad, Mick, and the rest of the WorldFlix team, to help them execute on their business plan and bring their groundbreaking technology to market.  We believe strongly in their encryption technologies as well as their ability to execute on their business plan to capitalize on the Company’s products both here in the US and overseas.”

Brad Listermann, CEO of WorldFlix, added, “We have been looking forward to finalizing funding with an exclusive, well established capital partner with experience supporting high growth OTC companies.  Company management has decided to sell the Regulation A + offering exclusively to Carden Capital as we believe opening up the offering to the general public could create unnecessary downward market pressure.  By selling to only one institutional partner with anti-dilution agreements in place, WorldFlix can better prevent unnecessary dilution and better manage when and how much capital we raise. We are looking forward to a successful partnership with Carden Capital. ”

WorldFlix CEO Facebook Live Event

On March 20th, CEO Brad Listermann hosted a Facebook Live event to discuss recent updates on the Company and to answer live questions from shareholders and other interested parties. The live event was very well received and has gotten over 1.8K views.  During the live event, Listermann interacted with online viewers and discussed a wide range of topics to include:

  • The WRFX Regulation A + Offering

  • Benefits of the OTC Marketplace

  • Paranotek and the Parano Encryption Technology IP Protection Status

  • Upcoming Encrypted Chat App Demo

  • Artificial Intelligence Plans

  • Technology and Application Revenue Status

An archived video of the live event is available on the Company Facebook Page under Videos and is titled ‘Brad Listermann, CEO - WRFX Live.’ or directly at https://www.facebook.com/worldflixinc/videos/1919855814754667/
 

About Carden Capital LLC. (www.cardencapital.com)

Carden Capital provides a comprehensive suite of Smart Correlation™ Investment Strategies for institutional and individual clients, designed to outperform benchmark indices on an absolute and risk-adjusted basis. Carden Capital’s Smart Correlation™ Investment Strategies seek a high correlation with their benchmarks during bull markets and an inverse correlation during bear markets, thereby offering strong diversification benefits for investors.

About WorldFlix, Inc. (www.worldflix.co)

WorldFlix, Inc. (OTC PINK:WRFX) operates in a niche business space within the technology and entertainment sphere. WorldFlix divisions include AppFarm, an investment ecosystem for acquiring, developing, and growing niche apps for mobile and tablet devices; Drobbits, an interactive platform that allows users to create, play and monetize their own video games; Paranotek, a security technology and design company that incorporates its military-grade, proprietary security and privacy features when developing software and apps; Swantry, designed to allow parents to ensure their child is safe on their mobile device; and WorldFlix Entertainment Management, a television and movie development and management business. For more information on WorldFlix, Inc., please visit www.worldflix.co

About Paranotek (www.paranotek.com)

Paranotek is a partnership between WorldFlix, Inc. whose foundation began as a Finnish technology and design company working with US partners. Paranotek's products range from securing big data storage, virtual private networks, cryptocurrency safety, file sharing and instant messaging services to various enterprise software utilities, all based on our disruptive security technology. While other popular apps, software and services collect your data, Paranotek's unique security technology never collects user data, thus providing an extra layer of enhanced privacy for our users. For more information on Paranotek, please visit www.paranotek.com.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. These statements are based on current expectations and are to a certain degree uncertain. Words such as expects, anticipates, intends, believe, plan, will and similar words are expressions intended to identify these forward-looking statements. These statements involve risk and subsequently are difficult to evaluate. Actual results may vary from descriptions herein due to many factors including but not limited to changes in business conditions, changes in laws and regulations, problems encountered in exploration and obtaining permits, changes in the competitive environment, technological advances, shortages of skilled workers, the need for additional capital and other risks listed in the company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made, and the company is under no obligation to update them. 

For more information, please visit: www.worldflix.co, www.paranotek.com, www.swantry.com

CONTACT INFORMATION

WorldFlix, Inc. (OTC:WRFX)

Brad Listermann

Chairman and CEO

(310) 684-2462

brad@worldflix.co