Identillect 2017 Subscriber Growth

IRVINE, Calif., Jan. 15, 2018 -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a trusted leading provider of SaaS email security today announced exceptional growth for 2017. Subscriber growth saw increases of 56% over previous subscriber base numbers.

There is an ever increasing number of data breaches across the United States, and they are advancing at an alarming rate. In the U.S., more than 1.9 billion records were lost during the first half of 2017,  which is more than all of 2016.  This growth in the number of breaches, coupled with the continued advancement of regulatory demands on businesses to protect client and patient data is one of the reasons for Identillect’s significant subscriber growth.

Identillect CEO Todd Sexton stated, "Identillect is excited about the growth we have seen in 2017, advancements in the technology of Delivery Trust will continue to motivate new industries utilizing our products to prevent security breaches within their businesses. The growth in cloud service offerings along with the need for blockchain technologies makes Delivery Trust the ideal product for organizations spanning almost every industry to advance their security protocols.”

Enterprise applications are moving to the cloud in droves; Gartner estimates the enterprise shift to the cloud will affect $1 Trillion in IT spending by 2020, and State of cloud adoption and security predicts that within 15 months, 80% of all IT budgets will be committed to cloud solutions.  This coupled with the fact the blockchain industry is slated to grow at a compound annual growth rate (CAGR) of 79.6% through 2022 ideally positions Identillect to make positive moves in 2018. Identillect will continue to motivate the advancement of its blockchain technologies in multiple facets of its offering to ensure continued growth and the advancement of security protocols for organizations of all sizes.

About Identillect

Identillect Technologies is the leading provider of email encryption service Delivery Trust^®, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks. 

Delivery Trust^® is an award -winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind. 

For more information, or your free trial, please visit www.identillect.com.

On Behalf of the Board of Directors of:

IDENTILLECT TECHNOLOGIES CORP.

Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: [email protected]

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This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.