Austin TX – March 24, 2015 –Ecrypt Technologies, Inc.’s (OTCQB: ECRY) Joint Venture (JV) partner, DTREDS Consolidated Inc. (DCI), announces the successful acquisition of Viking Telecom Services, LLC (Viking). Viking enjoys an estimated backlog of well over $3.5M for FY 2015.
The transaction was consummated about one month after Ecrypt announced entering into a JV with DCI, a leading provider of telecommunications infrastructure services and products in commercial, federal and international markets. Under the JV, Ecrypt provides management expertise and funding for the operational expansion of mutually agreed upon subsidiary companies of DCI. Ecrypt and DCI have identified several additional firms for acquisition by DCI.
Viking’s General Manager, Mr. Paul Canet, commented: “This welcomed acquisition by DCI will enhance our abilities to provide telecommunications wireless providers with high-quality tower audits, site surveys and full construction builds—all at a highly competitive price.”
Mr. Canet will remain with Viking as the General Manager of the Company.
He added, “Viking Telecom Services’ goal is to be the industry’s leading tower company, expanding its top-tier services in new, emerging commercial and governmental market segments to harness the telecom industry’s growth.”
Dr. Thomas A. Cellucci, Ecrypt’s CEO commented: “We continue to execute on our strategic business plan with success. Orders for ECRYPT ONE continue to materialize, our Market Alliance Program is growing with success, and our JV with DCI is already yielding both short and long-term potential—demonstrating our commitment to executing our strategy with tangible results. Bottom line: this acquisition brings a strong backlog with solid, reputable customers.”
About DTREDS Consolidated Inc. (DCI)
DCI offers the superior management, engineering, technical, and installation expertise and experience expected of larger corporations, yet we capitalize on the efficiency, agility, and drive inherent in a successful nimble business. Our success is built on the commitment and passion of the dedicated professionals we employ.
Dr. Thomas A. Cellucci, Ecrypt’s Chairman and CEO, is the Chairman and CEO of DCI.
About Ecrypt Technologies
Ecrypt Technologies, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.ecryptinc.com.
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Ecrypt Technologies, Inc.