Plurilock Granted Loan Forgiveness by U.S. Small Business Administration
Victoria, British Columbia--(Newsfile Corp. - April 29, 2021) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), and related subsidiaries ("Plurilock" or the "Company"), an identity-centric cybersecurity solution provider for workforces, is pleased to announce that its U.S. Small Business Payroll Protection Program ("PPP") loan, which amounts to US$199,830 in principal and US$2,053.81 in interest, has been remitted and forgiven on April 27, 2021.
The PPP is a multibillion-dollar loan program that originated from the U.S. Coronavirus Aid, Relief and Economic Security (CARES) Act. It allowed businesses with fewer than 500 employees to obtain loans of up to $10-million (U.S.) to assist companies in maintaining full employment of their workers through the COVID-19 pandemic.
Plurilock provides identity-centric cybersecurity for today's workforces. Plurilock offers world-class cybersecurity solutions paired with AI-driven, cloud-friendly security technologies that deliver persistent identity assurance with unmatched ease of use. The Plurilock family of companies enables organizations to operate safely and securely-while reducing cybersecurity friction.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
Chief Financial Officer
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") which relate to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.
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