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Vancouver, British Columbia--(Newsfile Corp. - September 15, 2021) - Oculus VisionTech Inc. (TSXV: OVT) (OTCQB: OVTZ) (FSE: USF1), an emerging data compliance innovator, through its brand, ComplyTrust®, today announced the latest v1.1.0 release of the "Forget-Me-Yes®" (FMY) data privacy solution. This is the first software release update in the scheduled product road map. This allows the ComplyTrust®, team to market and sell the "Forget-Me-Yes®" software as a service to a broader customer base.
This latest software release now incorporates the ability to connect and query multiple database data/metadata connections simultaneously, optimizing infrastructure and IT budget utilization costs and resources, while providing automated data privacy compliance.
"Forget-Me-Yes®" (FMY) is ComplyTrust's Software-as-a-Service application for organizational Data Subject Access Request (DSAR) Right-to-be-Forgotten (RtbF) and Right-of-Erase (RoE) data privacy compliance. The Forget-Me-Yes®" secure Zero-Knowledge platform provides single-source capability of continuous compliance by incorporating automated policy-driven re-query services that guarantees a Data Subject's requested RtbF/RoE data remains 'forgotten' over the life of their FMY subscription.
"We are pleased to announce that FMY now incorporates a multi-connector query feature," said Michael Johnson, co-founder at ComplyTrust. "Enterprise organizations can now cost-effectively streamline DSAR processing with a single request query across all their organizational databases and metadata simultaneously, saving both time and money."
Running within the global AWS cloud infrastructure, FMY provides a cost-effective, elastic, resilient, scalable and secure platform for CCPA/CPRA (California), CDPA (Virginia), CPA (Colorado), GDPR (Europe), LGPD (Brazil) and PIPL (China) data subject privacy compliance management. FMY's cloud-native microservice architecture, is available on a monthly subscription-basis for cost-effective, automated DSAR structured data query processing across multiple organizational databases.
"The Forget-Me-Yes® data privacy platform has helped us internally to streamline the DSAR process workflow, as data privacy compliance continues to become a more prevalent and prominent factor in protecting and maintaining our Salesforce client data," said Rowland Perkins, CEO at Oculus.
For more information and to request a Forget-Me-Yes® demonstration, please visit https://www.complytrust.com today.
About Oculus VisionTech
Oculus VisionTech Inc. (OVT), www.ovtz.com, is a development-stage technology company focused on cyber security and data privacy compliance solutions for Enterprise business customers. With offices in San Diego, California and Vancouver, British Columbia, the company is currently expanding its' new ComplyTrust®, www.complytrust.com, product suite which includes the ComplyScanTM cloud backup reporting tool and Forget-Me-Yes® B2B data privacy Software-as-a-Service (SaaS) platform, optimizing CCPA, CDPA, GDPR, LGPD, SB220 and other regulatory compliance legislation for Salesforce organizations worldwide. OVTZ's legacy Cloud-DPS digital content protection solution implements invisible forensic watermarking technology that seamlessly embeds imperceptible tracking components into documents and video-frame content that enables tamper-proof legal auditability for intellectual property protection.
ComplyTrust Inc. https://complytrust.com/, a 100% wholly-owned subsidiary of Oculus VisionTech, is specifically focused on providing enterprise organizations and individuals with secure data privacy tools that provide sustained and continuous global regulatory compliance of data subject rights. Headquartered in San Diego, California, ComplyTrust was founded by industry veteran storage technology experts and is operated by an experienced management team.
Learn more about ComplyTrust at https://complytrust.com/.
For further information, contact:
Telephone: (604) 685-1017
Fax: (604) 685-5777
TSXV : https://money.tmx.com/en/quote/OVT/company#profile-section-company-spoke
US OTC Markets (OTCQB): https://www.otcmarkets.com/stock/OVTZ/security
Berlin Borse: https://www.boerse-berlin.com/index.php/Shares?isin=US67575Y1091
Frankfurt Borse: https://www.boerse-frankfurt.de/equity/oculus-visiontech
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and information within the meaning of applicable securities laws (collectively, "forward-looking statements"), including the United States Private Securities Litigation Reform Act of 1995. All statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, statements as to the intended uses of the proceeds received from the Offering. Often, but not always, forward-looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "schedules", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and uncertainties relating to, among others, the change of business focus of the management of Oculus, the inability of Oculus to pursue its current business objectives, the ability of the Company to obtain any required governmental, regulatory or stock exchange approvals, permits, consents or authorizations required, including TSXV final acceptance of the Offering and any planned future activities, and obtain the financing required to carry out its planned future activities. Other factors such as general economic, market or business conditions or changes in laws, regulations and policies affecting the Company's industry, may also adversely affect the future results or performance of the Company. These forward-looking statements are made as of the date of this news release and Oculus assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in these forward-looking statements. Although Oculus believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate.
Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Oculus' periodic reports filed from time-to-time with the United States Securities Exchange Commission and Canadian securities regulators. These reports and Oculus' public filings are available at www.sec.gov in the United States and www.sedar.com in Canada.
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