Vancouver, British Columbia, Canada – March 20, 2020 – VPN Technologies Inc. (CSE: VPN, OTCQB: SRBBF, Frankfurt: 6GQ) (“VPN Tech” or “the Company”) reports an increase in users to its BladeVPN.com virtual private network service.
VPNs provide an encrypted connection that allows users to securely connect to networks over the public internet.
President and CEO Paul Dickson states “VPN services across the board have seen massive growth in the past 48 hours primarily due to businesses requesting employees to work from home to reduce possible exposure to the novel coronavirus CoVid-19. Mr. Dickson adds “We’ve received requests for bulk user accounts as high as 300 users for a single business client.”
S&P Global Market Intelligence issued a report dated March 18th, 2020, commenting that “Other VPN providers contacted by S&P Global Market Intelligence confirmed that they are experiencing similar trends.”
Garrett Bekker, principal security analyst at 451 Research, said the unprecedented volume of employees working from home could place enormous strains on many firms’ remote access infrastructure, which could have both positive and negative effects on the VPN market.
The positive is increased sales and revenue. “However, sustained reliance on VPNs can also expose their limitations, and perhaps force firms to re-think their long-term remote access plans,” Bekker said.
VPN Technologies remains committed to assisting those requiring a VPN and is offering free service for one year to individuals registering on the BladeVPN.com website using promo code “FREEVPN” on the One Year Unlimited Plan.
About VPN Technologies Inc.
VPN Technologies Inc. is a provider of Virtual Private Network (VPN) services to the retail market and SMEs.
The Company’s flagship services are GamerVPN.com and BladeVPN.com.
To learn more about VPN Technologies, please visit www.vpntech.ca.
On Behalf of the Board,
President & CEO
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of VPN Technologies Inc. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company 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 because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company 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.
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