Vancouver, British Columbia, September 5, 2013 -Wolverine Exploration Inc. ("Wolverine") (OTCQB:WOLV) announced today that it has entered into a Letter of Intent ("LOI") with the cyber security corporation ENIGMAMobil Inc.("Enigma") to acquire a 25% interest in Enigma for a cash payment of USD $10,000,000. Under the terms of the LOI Wolverine will have 120 days to raise the financing and enter into a formal purchase agreement with Enigma.
Business of Enigma
Enigma currently is in possession of the world's only patented technology with the capability to protect against unauthorized computer intrusion and fraud. The technology having been developed over a 12-year period is completed and operational and has been substantiated by IBM's Research Labs. Enigma now has the only ability to protect with certainty the wireless marketplace worldwide currently in excess of 6 billion devices and growing at a rate of 50% annually. Enigma will deploy the fully mobile version of security protection for any wireless device across all platforms and hardware within a 10-month period commencing upon receipt of the funding from Wolverine.
The significance of Wolverine's investment with Enigma now capable of supplying the only patented cyber protection app will enable Wolverine to position itself as a world leader in resolving the global cyber security crisis that has been ranked by the US Government as the number one threat to national security.
Management of Enigma
Rajeev Bhargava (B.Eng)
Rajeev Bhargava (B.Eng) is an acknowledged pioneer in the networking and software industry and CEO of Decision Zone Inc. His career spans more than 30 years within the IT industry and he has been closely associated with many of its major developments. Rajeev has advised many of North America's largest organizations within the telecom, financial, high tech, military, retail, aerospace and government industries.
Dr. David Chalk (d.Tech)
Named a 'Leader of the Next Millennium' by Equity Magazine, Dr. David Chalk is a leading Cyber Security expert who speaks to governments, businesses and institutions on technology, the many challenges facing the Cyber World, and the total paradigm shift that is needed in order to resolve the current Cyber Security crisis. As Director of Decision Zone Inc., Chalk has consulted with some of the most successful and powerful companies and government agencies in North America. David's awards and successes speak volumes on his business ability.
There is no assurance that Wolverine will be able to raise the financing required to acquire the interest in Enigma.
On behalf of the Board
For further information please contact:
Ronald Jones (778) 297-4409
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Enigma acquisition.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Leave a comment...