Phoenix, September 13th, 2022 (Newsfile Corp.) — The Stock Day Podcast welcomed Sollensys Corp. (SOLS)(“the Company”), a math, science, technology, and engineering solutions company offering products that ensure its clients’ data integrity through collection, storage, and transmission. President and CEO of the Company, Don Beavers, joined Stock Day host Everett Jolly.
Beavers began the interview by elaborating on the Company’s background and current projects. “We are a math and science company, and we are based on the Florida space coast,” said Beavers. “We focus primarily on software, specifically blockchain software, which is a suite of tools that is known to keep data extremely safe,” he continued, before discussing the Company’s background in the aerospace blockchain space, as well as other commercial sectors.
“During COVID, we decided that we wanted to pivot,” shared Beavers. “Instead of just working with large corporations, we wanted to democratize the technology,” he said, noting that the Company took its advanced technology and simplified it.
“Why do consumers need blockchain?”, asked Jolly. “We have boiled it down to a simple, easy-to-use, drag and drop tool where you can take your personal data and drag it to the blockchain through your browser, where it will be stored permanently and never be changed or destroyed,” explained Beavers. “What you would need that for is to store your important documents.”
“With our system it will be permanently encoded into the blockchain, it’s private and it can never be lost,” continued Beavers, before elaborating on the dangers of utilizing public storage spaces for this information.
“Last December, we came out with a direct to consumer product, which allows anybody to have the same data storage and data space that the big corporations have,” said Beavers. “It is called Sollensium, and it is self-service.”
Jolly then commented on the Company’s impressive financial growth, including recent reports reflecting a net profit of $1.2 million. “We started out about two years ago in a reverse merger,” said Beavers, adding that although the Company lost money during its first six quarters, it is profitable today. “Last March, we completed our first uplisting which was the OTCQB,” he said. “Our eventual goal is to uplist to one of the big boards, like the Nasdaq or New York Stock Exchange.”
“One of the ways that we are moving towards that goal is by completing two acquisitions last year, which is where a lot of the revenue came from,” continued Beavers.
“Your stock was trading for around $4 per share in June. What happened with that?”, asked Jolly. “When we started out there was a lot of exuberance due to two keywords, ‘blockchain’ and ‘ransomware’, which are big items on Wall Street,” said Beavers. “We came out anywhere from $8 to $10 per share before settling down to $4 per share for a long time,” he added. “In June, we had one or two of our investors that decided to leave and cash out,” said Beavers. “It drove the stock price down.”
“What do you have planned in the future?”, asked Jolly. “We are refocusing our efforts on democratizing blockchain and bringing it to the marketplace,” shared Beavers.
To close the interview, Beavers elaborated on the potential of blockchain technology, as well as its vast application across numerous markets and audiences. He also encouraged listeners to keep up-to-date on the Company’s current and upcoming projects as they continue to expand within the blockchain industry.
To hear the entire interview with Don Beavers, follow the link to the podcast here: https://audioboom.com/posts/8156750-sollensys-corp-president-and-ceo-don-beavers-is-featured-on-the-stock-day-podcast
ABOUT SOLLENSYS CORP
Sollensys Corp is a math, science, technology, and engineering solutions company offering products that ensure its clients’ data integrity through collection, storage, and transmission. Our innovative flagship product is the Blockchain Archive Server, a turnkey, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client’s data security that is being utilized. The Company recently introduced its second product offering-the Regional Service Center-which offers small businesses the same state of the art technology previously available only to large or very well-funded companies.
The Blockchain Archive Server encrypts, fragments, and distributes data across thousands of secure nodes every day, which makes it virtually impossible for hackers to compromise. Using blockchain technology, the Blockchain Archive Server maintains a redundant, secure and immutable backup of data. Redundant backups and the blockchain work together to assure not only the physical security of the database but also the integrity of the information held within.
The Blockchain Archive Server protects client data from “ransomware”-malicious software that infects your computer and displays messages demanding a fee to be paid for your system to work again. Blockchain technology is a leading-edge tool for data security, providing an added layer of security against data loss due to all types of software specifically designed to disrupt, damage, or gain unauthorized access to a computer system (i.e., malware).
Uniquely, the Blockchain Archive Server is a turn-key solution that can stand alone or seamlessly integrate into an existing data infrastructure to quickly recover from a cyber-attack. The Blockchain Archive Server is a server that comes pre-loaded with the blockchain-powered cybersecurity software, which can be delivered, installed, and integrated into a client’s computer systems with ease.
For more information, please visit: https://www.sollensys.com and http://www.sollensium.com.
Forward-Looking Statements: Certain information in this press release contains forward-looking statements. All statements other than statements of historical facts included herein are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC”). You should carefully consider these factors, risks and uncertainties described in, and other information contained in, the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. Readers should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company is under no obligation (and expressly disclaim any such obligation) to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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