Cloud Security Authors: Elizabeth White, Zakia Bouachraoui, Pat Romanski, Yeshim Deniz, 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
mdw[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
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
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...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
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...