Optium Cyber Systems Highlights Potential Market for Cryptocurrency Platform
Jan 12, 2018
OTC Disclosure & News Service
THE WOODLANDS, TX, Jan. 12, 2018 (GLOBE NEWSWIRE) —
Optium Cyber Systems, Inc. (OCSI) (OTC:OCSY) would like to highlight for its stockholders the potential market and corresponding revenue for its hybrid security platform specifically designed to secure and protect cryptocurrency exchanges. The following table demonstrates the potential revenue with a limited market penetration of up to 3%.
2018 2019 2020
# of Cryptocurrency Exchanges (Estimate) 1,200 1,500 1,750
Market Penetration Percentage 1.0% 2.0% 3.0%
# New Installations Per Year 12 18 24
Price of Initial CVA (Per Installation) $20,000 $20,000 $20,000
Projected Total CVA Installation Fees Generated $240,000 $360,000 $480,000
Recurring Monthly Management Fees (Per Installation) $15,000 $15,000 $15,000
Projected Monthly Management Fees Generated $1,080,000 $3,780,000 $7,560,000
Projected Total Annual Gross Revenue $1,320,000 $4,140,000 $8,040,000
“The projections above are just for the cryptocurrency exchange application and do not include revenue generated from any of our other platforms;” commented George Rutherford, President of Optium Cyber Systems, Inc. “The potential of the cryptocurrency market is almost unlimited. If we can generate $8 million with only a 3% market penetration imagine what 10% or 20% would look like;” continued Mr. Rutherford.
About Optium Cyber Systems, Inc.
OCSI has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure which is scalable to any size organization in any industry. OCSI has recently launched in the health care sector, focusing on protecting health care facilities including hospitals, nursing homes and doctor’s offices from cyberthreats such as the manipulation of medical devices or theft of patient records. OCSI is a publicly traded company having its common shares quoted on the OTC Markets under the symbol “OCSY”.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Optium Cyber Systems, Inc.’s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Ten Associates LLC
11529 N. 120th St.
Contact: Thomas E. Nelson
Optium Cyber Systems, Inc.
8350 Ashlane Way, Suite 104
The Woodlands, Texas