CyberloQ Technologies Inc. Announces Business Update on Growth and Sales Strategies

Press Release

Venice, FL – (NewMediaWire) – March 03, 2021 – CyberloQ Technologies Inc. (OTC: CLOQ) (“CyberloQ” or the “Company”), a provider of advanced authentication algorithms and geofencing capabilities for data control, today provides a review of the Company’s market opportunities, current initiatives and revenue model.  To our Shareholders, We would like to thank you for your continued support as we advance our operations to become a recognizable, key player in cybersecurity. We are pleased to provide you an update on our operations, current opportunities and plans for growth. MARKET OPPORTUNITIES According to Juniper Research, ecommerce merchants are expected to lose $25 billion to online payment fraud by 2024. The COVID-19 global pandemic has only increased the use of ecommerce and online banking, which in turn drives greater demand for technologies that enable secure online transactions. As the need for cyber security solutions increases, CyberloQ continues to focus on banking fraud prevention and credit management through its proprietary CyberloQ™ and TurnScor™ software. We believe merchants are primarily responsible for the safekeeping of clients’ assets and personal information, but consumers must also take measures to protect their personal financial data; it’s our mission to provide tools that enable them to do so (https://CyberloQ.com/why-cyberloq/). Secure online payments are vital for the success of ecommerce, and we believe CyberloQ provides the solution for proactive, comprehensive cybersecurity.TECHNOLOGYCyberloQ’s customizable data security solutions provide an additional layer of protection to consumers, merchants and e-commerce as a whole, while TurnScor credit management platform provides consumers a cost-effective way to manage and repair their credit profiles.  ·      CyberloQ™ is a banking fraud prevention technology that enables institutional clients to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card; transaction type or amount; website; database or digital service. The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem.·      TurnScor™ is a web-based proprietary software platform which allows customers to monitor and manage their credit from the privacy of their own homes. Although consumers can sign-up for TurnScor on their own, the Company also intends to market TurnScor to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added benefit to offer their customers. This combination will give consumers the bonus ability to control and repair their credit in anonymity.  REVENUE MODEL The CyberloQ and TurnScor technologies create two revenue streams, each with a distinct marketing strategy designed to expand visibility, both domestic and International, and the application of our products among retail and wholesale/institutional customers. Retail –Our retail model will allow for the direct marketing of our brands to consumers. The CyberloQ executive team is in late-stage discussions with a large direct marketing company regarding the development and launch of a digital wallet that would include the CyberloQ and TurnScor technologies. If negotiations are finalized, the direct response company will create a marketing program to present the e-wallet to its multi-million customer data-base, and then explore the launch of regional and national campaigns. We are confident this unique combination of a cybersecurity digital wallet and a state-of-the-art credit repair portal will give CyberloQ a competitive advantage in the marketplace. Wholesale/institutional – Our wholesale/institutional revenue strategy calls for customized licensing agreements that will provide online security to businesses, fintech companies, databases, governments, healthcare institutions, online service providers, financial institutions, online gaming space and more. These licensing …