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Wednesday April 28th, 2016
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Wolverine Technologies Corp. (WOLV)
OTC Markets Group, OTCPicks, and Willy Wizard reported earlier onWolverine Technologies Corp. (WOLV), and we are reporting on the Company as well, here at the QualityStocks Daily Newsletter.
Wolverine Technologies Corp.’s dedication is to investing in the Cyber Security industry. Its current relationship with Enigma Mobile is its initial involvement in the industry. Enigma Mobile provides real-time cyber defense. Wolverine is always looking for and researching new cyber security related small companies that could benefit from its involvement. Wolverine Technologies lists on the OTC Markets’ OTCQB. The Company previously went by the name Wolverine Exploration, Inc. It changed its corporate name to Wolverine Technologies Corp. in August 2015.
Enigma Mobile Security is the product of adaptive re-engineering of the world’s only patented 5GL+ Graphical Language; DZAudit, under licence. Enigma provides the only cyber security detection drawn from 7-layer event activity. No coding is needed and no trace log investigation.
Enigma SECURE has created the figurative eyes that watch a system and prevent any breach, enabling it to self-heal. Enigma SECURE ends the possibility of a breach happening, whereas current technology aims to find and heal mobile security breaches.
Wolverine Technologies entered into a Share Exchange and Royalty Agreement with Dr. David Chalk, hd.Tech. With the Agreement, Wolverine Technologies will acquire a 25 percent interest in the process technology and cyber security company ENIGMA Mobil, Inc. from Dr. Chalk for the purchase price of USD $3,000,000, to be paid in shares of common stock of Wolverine at a deemed price of USD $0.01 per share.
Wolverine Technologies will also receive a 25 percent royalty of all gross revenue received by Enigma from the sale of licenses of the ENIGMAMobil™ mobile security app. ENIGMAMobil™ Security is a cyber-defense solution. It has the ability to secure mobile wireless devices from intrusion. Wolverine Technologies believes that the ENIGMAMobil™ Security Application will set a new standard and precedent because it is developed on an issued patented 5GL language, which provides the only proven methodology for full cyber protection of mobile devices.
Wolverine Technologies recently signed a Share Purchase Agreement with Dr. David Chalk, a director of Wolverine. Dr. Chalk will invest one-third of the net proceeds received by Dr. Chalk from the sale of Dr. Chalk's 15 percent interest in Decision-Zone, Inc. (DZI), in a private placement of 400,000,000 common shares of Wolverine Technologies.
DZI is the foremost developer of next generation cyber security and business efficiency technology. It developed and patented the DZAudit technology. The proceeds from the sale of Dr. Chalk's interest in DZI and subsequent private placement will be utilized by Wolverine Technologies to acquire and develop new pioneering technologies.
Wolverine Technologies Corp. (WOLV), closed Thursday's trading session at $0.007, down 12.50%, on 10,000 volume with 1 trade. The average volume for the last 60 days is 96,820 an
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