SAN GERONIMO, Calif., Dec. 30, 2011 (GLOBE NEWSWIRE) -- Virogen Inc. (OTC:VRNI), a holding company specializing in data security and encryption technology, today announced that the company's wholly-owned subsidiary Tiger Team Technologies "T3," plans to release a new consumer product that will serve as a data protection and tracking solution for personal credit card transactions online.
T3's new product will provide consumers' laptops and home PC's with a tool that will track all of their visits and transactions online and then communicate that record in an encrypted method to the company's secure servers where the consumer can access all of this information via a secure login and password.
The company has been experiencing a very positive response recently from its initial suite designed for enterprise clients. T3 believes that by developing a product for the consumer market it is making a bold strategic move to tap a massive market in the ever growing security niche. The demand and growth opportunity is geometric in scope worldwide, according to the company.
T3 anticipates the release of their new product will be during the end of the first quarter or beginning of the second quarter of 2012. This new product will help prevent the damaging effects of online data theft which has become a rampant worldwide problem that can wreak havoc on a consumer's credit and financial standing as well as cause other serious personal problems. Following the successful launch of its security product for the home PC market, T3 has plans to continue to launch a mobile security solution that would be used by consumers' cell phones and other mobile devices to protect their transactions there.
"The need by individual consumers for a personal data tracking and protection solution is enormous. Currently, there is no solution on the market that consumers can use to specifically provide protection and tracking of personal online credit card transactions that provides the level of protection that our new solution will. Because of this demand we anticipate that our new product will be well received in this market and expect to see robust growth beginning the first quarter of 2012," commented Paul Hogan, CEO of Virogen, Inc.
About Virogen, Inc.
Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Virogen, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.