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Saturday, November 26, 2022

Ecrypt Technologies Inc (OTCBB:ECRY) Heating Up

Ecrypt Technologies Inc (OTCBB:ECRY) has been moving up steadily on accelerating volume after reversing off $0.0253 lows in recent days.

The Company has been putting out some significant press which has sparked interest in the stock which was recently the subject of a significant promotion by Small Caps Godzilla Stocktips of TGRO fame.

Ecrypt Technologies Inc (OTCBB:ECRY) is at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. Ecrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. Ecrypt is the trusted first choice for those looking to keep their communications confidential.

In March the Company announced it received a new order for ECRYPT ONE, its flagship secure email server, along with a multi-year support and hosting contract from Florida-based Arc Horizon LLC.

Arc Horizon’s renowned experts hold extensive experience in alternative energy, environmental conservation, agriculture, and frontier markets. They also provide an array of services in the global biotechnology and food security sectors, as well as project management in the US, Caribbean, South America, Central America and Africa.

Arc Horizon’s CEO, Dr. Tawainga Katsvairo, stated: “I’m pleased to be an early adopter of ECRYPT ONE. As one who evaluates numerous new technologies, I find Ecrypt’s approach to solving the email security problem quite unique and fascinating. Keeping our clients’ information secure is a top priority for us.”

ECRY also recently announced and LOI with DTREDS Consolidated Inc. (DCI) for the acquisition of Viking Telecom Services, LLC (Viking). Viking enjoys an estimated backlog of well over $3.5M for FY 2015, and holds strong footholds for solid growth into FY 2016.

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Dr. Thomas A. Cellucci of ECRY said “This is an important initial acquisition for Ecrypt. Earlier this week I stated that we continue to execute on our strategic business plan with success through orders of ECRYPT ONE, expansion of our Marketing Alliance Program, and our Joint Venture. Our actions today prove we execute on our strategies.”

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.

ECRY is the old pick from Stocktips that began on November 19 and it took the stock from illiquid at $0.12 to the top traded stock on the entire bb’s. It topped out at $0.385 after ECRY management issued a press release distancing themselves from the $5.1 million Laluna promotion. ECRY recovered and ran to $0.505 before a negative SA article appeared and killed the momentum again.

According to the ECRY disclaimer StockTips expects to receive $5,100,000 as a marketing budget for production and distribution of ECRY marketing material from 3rd party Laluna Services, Inc.

StockTips gained fame with TGRO which ran from pennies to $1.59 a share after they announced it as their pick. They took over where APS left off with such picks as ALKM which ran from pennies to $0.50 a share and WPWR that offered spectacular gains for investors who bought in early when it ran from pennies to over $0.80.

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Currently trading at a $4.8 million market valuation ECRY has minimal assets, rising short term debt and no revenues to date. But this is an interesting story developing in small caps; the Company has been putting out some big news and the stock has attracted a growing shareholder base. We will be updating on ECRY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ECRY.

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Disclosure: we hold no position in ECRY either long or short and we have not been compensated for this article.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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