News Details – Smallcapnetwork
Breaking News: New SecureCom Mobile CEO Could Ignite SCQBF
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February 2, 2024

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PDT

Good morning, everybody. Yes, it's a morning edition of the SmallCap Network newsletter, and an unscheduled one at that. Something came up after the close yesterday. We debated waiting to talk about it until after the close today (which is when we usually send the newsletter), but we all agreed... it may be too late then. This is the kind of news where once you read between the lines, you can just tell something big is happening. With only a few hours between now and Friday's close - and with the weekend approaching - it's best to get this to you ASAP before the rest of the market starts to put two and two together. Remember SecureCom Mobile (SCQBF)? We introduced this company to you back in July, as it was on the verge of unveiling its app for Android devices in India - a fast-growing mobile market. We've kept the company on the radar since then, though it's laid fairly low publicity-wise. In light of last night's announcement it had named a new President/CEO though, we have to wonder if SecureCom Mobile is about to turn up the proverbial heat. If so, that could light a fire under the stock. Just as a quick refresher, SecureCom has developed a way to encrypt a digital message like a text, phone call, or even an attached document sent from a smartphone or a tablet. The digital message is only unencrypted once its arrival is confirmed at the intended device. The encryption is of the highest level possible, but just to make doubly sure it's safe and can can never be unencrypted even if nefariously recorded, the digital encryption keys are destroyed once the communication session ends. It may be the most potent and useful mobile security/encryption app designed for the average user yet, filling in the biggest security gap your smartphone may have without you even knowing it. And make no mistake - the need is for real. If you think the only people being snooped on are presumed enemies of government entities, think again. Though they're only supposed to be owned and operated by authorized law enforcement personnel, anybody with a little technology acumen can build their own mobile phone eavesdropping device. Not to scare you, but there are people out there who ARE interested in your conversation with your doctor, lawyer, or even family members. They're also looking to listen to your business dealings, and maybe steal a trade secret or two. And yet, the digital device all of us now use more than any other is the one we protect the least, opening the door to all sorts of malware and spyware. The SecureCom Mobile apps abate that risk. Fast forward to today. After several weeks of not hearing much from the company, it announced last night that Roland Josef Bopp has been named President and CEO. If the name rings a bell, there's a reason. Bopp previously served as the President & CEO of the Americas for Deutsche Telekom Inc., a subsidiary of Deutsche Telekom of Germany. He was also a managing director of Mannesmann, a $20 billion telecom and engineering company acquired by Vodafone in 2000. He even managed several telecom sector mutual funds with wireless properties located in Eastern Europe. In other words, Bopp knows what he's doing. If a guy like that - who could probably write his own ticket anywhere he wanted - is interested in taking the helm at SecureCom Mobile, then it speaks volumes about the potential of the SecureCom encryption apps. It's all been an amiable transition too. Former CEO Peter Wilson and President Sean Comeau will remain on the board of directors. The point is, this company that's been oddly quiet for too long looks like it's on the verge of making a lot of noise. We just wanted you to know about it as soon as possible this morning because we think it's the kind of news that could spread fast, given who Bopp is and what he's done. If the news gets enough of the right kind of traction, there's no telling what this could do for the stock. At stake is a piece of what will be a $35 billion market by 2020. The usual cautions still apply. That is, if you're going to wade in, we suggest using smart entry-limit orders and then apply stops to protect yourself. We also suggest never investing more in a speculative trade like this than you can afford to lose. Regardless, this is the kind of news we've been waiting on from SCQBF for a while, and it's the kind of news that sets up a lot more news in the foreseeable future. Oh, and since we promised, as of the last look, the Panthers were favored over the Broncos by five points. We'll take the Broncos to cover. We think Denver's going to do everything they can to send Manning off in style. Here's the SecureCom press release. Seasoned Global Telecom Executive Joins Securecom Mobile Inc. to Lead the Company's Expansion Vancouver, B.C. / TheNewswire / February 4, 2016 - SecureCom Mobile ("SecureCom", "the Company") (CSE: SCE, OTC: SCQBF, FRANKFURT: S6UN) announced today that Roland Josef Bopp joined the Company as Director, President & Chief Executive Officer effective immediately. Mr. Bopp's appointment by the Board of Directors is a strategic response to the expected dynamic growth and global expansion. SecureCom Mobile is one of the leading software and hardware encryption communication companies providing end-to-end encryption technology for mobile phones, tablets and computer-based platforms to organizations and individuals. Its technology enables its customers to conduct secure end-to-end communications using voice, text and data messaging. Prior to joining Securecom Mobile, Mr. Bopp served in leadership roles of major established, early stage and emerging telecom service organizations in the Americas and Europe. Mr. Bopp brings more than 20 years of executive leadership in telecom service organizations in the Americas as well as in Western and Eastern Europe. He previously served as Chairman, President & CEO of the Americas for Deutsche Telekom Inc., a subsidiary of Deutsche Telekom of Germany. Over a period of three years, he led the successful expansion of that business via organic growth and acquisitions in the Americas. Prior to that, he was managing director of Mannesmann, a $20 billion telecom and engineering company, which was acquired by Vodafone in 2000. While at Mannesmann, Mr. Bopp was one of the key members of the executive management team which led Mannesmann to become one of the most successful cellphone operators in Europe. He also managed the marketing/sales organization of a geostationary satellite operator based in the United States and a number of telecom sector mutual funds with wireless properties located in Eastern Europe. "Roland brings tremendous business acumen and global contacts to this position," said Mr. Peter Wilson, Director of Securecom Mobile. "His understanding of the industry and customer requirements and his experience in building and expanding companies in the Americas, Europe and Asia is invaluable as we continue to build Securecom Mobile into a global encryption technology solutions company for enterprises and individuals alike. I am very pleased that SecureCom Mobile was able to attract a high caliber professional like Roland Bopp to take over the leadership role of the Company." "I am very pleased to join SecureCom Mobile at this strategic moment," said Roland Bopp. "The Company's superior encryption technology is a solid base for penetrating the rapidly growing markets." Mr. Peter Wilson and Mr. Sean Comeau have both resigned from their officer positions as CEO and President but will both remain as active members of the Board of Directors. Securecom notes that it is seeking to enter into shares-for-debt settlement agreements whereby it will issue up to 1,333,333 Units ("Unit") to current creditors of the Company. Each Unit will consist of one common share of the corporation and one Share Purchase warrant allowing the holder to convert each warrant into one common share at a price of $0.25 for up to 12 months. The shares-for-debt settlements will be subject to the approval of the Exchange and will be subject to a 4-month hold period. The Transaction is one of a series of steps of the Company will carrying out to reduce its net debt, including careful control over operating costs, and general and administrative expenses. In addition to the settlement of outstanding debts, the Company will seek to raise funds by offering up to $500,000 through the issuance of 3,333,333 units of the Company (the "Units") with the same terms and conditions as the Units being offered to settle the debt as noted above. A Finders fee may be payable on the funds raised in the placement. The Company further announces that pursuant to the Company's Stock Option Plan it wishes to grant 1,700,000 common shares certain directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $0.15 per common share for a one-year term. Grant of the options is subject to the approval of the Exchange. About SecureCom Mobile Inc. SecureCom Mobile Inc. under the brand SecurePair(TM) develops and markets consumer software and hardware encryption communications products for mobile phones, tablets, and computer-based platforms. Its technology enables people to communicate, in complete privacy, with ease, using voice, text and data messaging. The Company employs cryptographically strong algorithms and protocols to shield communication from surveillance and analysis. Its encryption scheme cannot be circumvented by mobile carriers or other parties, thereby ensuring total privacy. SecureCom Mobile products are available for the Android and Blackberry platforms, and coming soon for iOS. SecureCom Mobile Inc. trades on the Canadian Securities Exchange under the symbol SCE and Frankfurt Stock Exchange S6UN WKN#: A12CAR and the OTC Markets under symbol SCQBF. For further information please contact: Peter Wilson, Director Telephone: 1.604.484.8989 E-mail: info@securecommobile.com The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of SecureCom Mobile Inc. Forward-looking information is based on certain key expectations and assumptions made by the management of SecureCom Mobile Inc., including future plans for the research and development of digital products, including the iOS version, and the effectiveness of the products. Although SecureCom Mobile Inc. 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 SecureCom Mobile Inc. can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. SecureCom Mobile Inc. 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. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the Canadian Securities Exchange, consumer sentiment towards the Company's products, technology failures, competition, and failure of counterparties to perform their contractual obligations and other risks detailed from time to time in the filings made by the Company in securities filings. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release. Copyright (c) 2016 TheNewswire - All rights reserved. TheNewsWire February 4, 2016 - 6:24 PM EST