Cloud Security Authors: Yeshim Deniz, Pat Romanski, Elizabeth White, Zakia Bouachraoui, Liz McMillan

Related Topics: Cloud Security

News Feed Item

Bullzi Security Issues Shareholder Update

LAKE MARY, FL -- (Marketwire) -- 05/06/09 -- Bullzi Security Inc. (PINKSHEETS: BLLZ), a leading information security provider, issues this Shareholder update to report on recent company activity, as well as the 2008 financial results.

Thomas Welch, co-founder and President of Bullzi Security, says, "Bullzi Security closed 2008 with approximately $930,000 in revenue. While this is a 17% decrease in revenue, as compared to the $1,140,151 revenue in 2007, the company maintained sound business operations. This was mainly accomplished through a variety of cost controls. The difficult economic environment had delayed some projects that were scheduled for 2008, which was the primary reason for the decrease in revenue. That being said, the prospects for 2009 look exceptional."

Some of the major highlights for 2008 were as follows:

--  Rollout of our Identity Theft Course to 40,000 users worldwide for
    large payroll company (in 14 languages)
--  Rollout of our PCI Awareness Course to a major retailer in Canada
--  Rollout of NERC CIP Awareness Course to multiple utility companies
--  Creation of the Chemical-terrorism Vulnerability Information (CVI)
    Training Course
--  Added four new Resellers to the OEM Reseller Program
--  Addition of 75,000 new Learners

Michael Welch, co-founder and Vice President of Bullzi Security, says, "Regulatory programs are still the primary driver for overall sales in 2009 and beyond. This includes past regulatory standards, such as Sarbanes-Oxley (SOX), Gramm-Leech-Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the North American Electric Reliability Council (NERC) CIP Standard, as well as some of the newer standards such as the Red Flag Rule and Chemical Facility Anti-Terrorism Standards (CFATS). While enforcement for the Red Flag Rule has been delayed to August 1, 2009, it does require creditors and financial institutions to adopt an Identity Theft Prevention Program. We believe that Bullzi Security will benefit from this ruling though increased sales of our Identity Theft Training program."

Mr. Thomas Welch went on to say, "We're expecting great success in 2009, from both a sales and earnings perspective. Bullzi Security had a loss of approximately $826,504 in 2007, was nearly break-even in 2008 and is expecting strong earnings in 2009. Backlog is starting to increase, current clients are ordering and requesting new products and our Blue Chip client base continues to grow. What's most exciting about 2009 is the addition of over 350 new lessons on a variety of security, privacy and regulatory topics. These new lessons are currently in development, with initial releases slated for early June."

In closing, Mr. Thomas Welch stated, "We're going to bring our information statement and financial postings current over the next 60 - 90 days. This will help our Shareholders to better understand our progress throughout 2009."

Bullzi Security is Strong, Stable and Secure!

About Bullzi Security Inc.

Bullzi Security is a leader in providing 'converged' security solutions. Through its consulting services and integrated delivery systems, Bullzi Security helps to minimize threats to its clients' assets, facilities, personnel and information systems. As a full service security firm, Bullzi Security offers compliance programs, information security services, physical security solutions, security education programs, document security and investigative services. Bullzi Security brings a unique set of skills and experience to ensure that its clients receive the most comprehensive, cost-effective security services available. The Bullzi Security trading symbol is (BLLZ.pk).

For more information or to schedule an interview, please contact:

Michael Welch
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...