MONTREAL, QC / ACCESSWIRE / April 20, 2022 /ZeU Technologies Inc. (CSE:ZEU)(OTC PINK:ZEUCF) is pleased to announce that it has improved the sequence of deployment of the purposes of its completely encrypted conversation suite of software program. The Company will make obtainable a 1st model of MulaMessage, based mostly on the Mula Black designation, incompatible with lawful intercepts and aimed at dissidents or civil protection area logistics. The application is termed Mulatov. The Corporation is also discussing its ideas for its subsidiary ZeUPay.
MulaMessage, the initial module of the Mula System, is established to start later this year. The Mula Platform is a set of efficiency and collaboration instruments targeted on facts privacy. The target of the Mula Platform is protected and effortless interaction from any system with out the person needing to realize the underlying technology: decentralization and dispersed ledger technologies (DLT). The Mula System incorporates a modular tactic, with people being ready to use as considerably or as little of the platform as desired.
The Mula Platform is divided into Mula Black and Mula Purple. Mula Black is supposed to be made use of by scientists and persons or team demanding secured and encrypted communications. Particular modules in Mula Black will be unavailable to consumers residing in ‘Five Eyes’ countries or international locations below the European Union’s GDPR guidelines. Mula Purple is meant to be the industrial application readily available globally.
ZeU Technologies has accelerated the development of Mula Black’s messenger and is providing a model identified as “Mulatov” geared towards protected communication for individuals at present in specific conflict zones.
Mulatov is an finish-to-stop encrypted messenger, together with messages, images, and files. Encryption ensures that no 1 but you and the receiver can study the messages on a system. The skill to go through the conversation lays solely on the user’s product, not on a server, guaranteeing discretion. On top of that, messages can not be modified or go missing. The Mula System does not keep track of consumer habits or promote this info to 3rd get-togethers.
Mulatov consumers sign up for a Mula account and connect this account to Mulatov. A user might, at their discretion, have a lot more than one account. The consumer could pick an identifiable identify or a random string of letters and numbers. Contacts for Mulatov are not automobile-identified or vehicle-additional your contacts will not get a notification with your username stating that you are utilizing the app. Within the app, encryption is updated every 10 minutes, or in the case of a group chat, every single 10 minutes or when a new person joins the dialogue. Mulatov is pay-for each-use with the process examining expenses to use the underlying technological know-how.
Other advancements are becoming labored on but will not be disclosed until nearer to the launch date.
For much more data or to indicator up for the launch notification, be sure to see www.mulamail.io
ZeUPay Spinoff & Distribution
Management has initiated the system needed to distribute the the vast majority of its ownership in its banking and economical providers subsidiary, ZeUPay, to its shareholders by means of a system of arrangement beneath the principles in location in the province of Québec. Shareholders of document of ZeU Technologies at a history day to be established further more alongside in the procedure will be entitled to a professional-rata distribution of ZeUPay common shares. The once-a-year shareholders conference, expected in early drop 2022, will also be a exclusive conference exactly where capable shareholders will be equipped to vote to authorize the strategy of arrangement.
ZeUPay is currently in negotiations with buyers and probable sponsors to organize a funding in the kind of a share providing and/or alternative funding that will be concurrent with the likely-general public transaction. Information of that financing are to be disclosed in the coming months.
Administration of ZeUPay will be at the Sthlm Fintech 7 days in Stockholm, Sweden, these days and for the equilibrium of the week and are accessible to fulfill traders, shareholders, and stakeholders. Speak to coordinates are readily available on the web website at www.zeupay.com
The ZeUPay spinoff will mitigate difficulties linked to the distinctive and conflicting types of economic platforms and needed licenses involved in the small business design of ZeUPay and the P2P gaming platform, banking platform, and MulaMail Money Marketplace that ZeU Systems is about to deploy.
Added facts with regards to distributions to shareholders will be disclosed in the listing circular that is envisioned to be out there by the conclude of Q2 2022.
Economic Condition Update
In March 2022, the Firm lowered its financial debt by $3.8 Million (see ZeU Systems press release ZeU Minimizes its Money owed by $3.8 Million https://webfiles.thecse.com/Push_Release_-_ZeU_Systems_-_March_21_2022__ZeU_Decreases_its_Debts_by_3.8_Million.pdf?kstcq7zpySebl82sp5R0MYSMcHdaP98 )
The Corporation expects to conclude shares for debts agreements for up to CA $600,000 with various collectors at a share price tag of $.375 to aid future financings.
With the prepare of arrangements for ZeUPay currently being executed, financing desires are getting significantly reduced. The Corporation expects to arrange an fairness or a convertible debenture financing afterwards this calendar year in purchase to have the funds necessary to start its primary communication system.
ON BEHALF OF THE BOARD OF Directors
Frank Dumas President & CEO
ZeU is a forward-imagining Canadian technology firm that has developed a state-of-the-art peer to peer protocol, offering the foundation for the following era of encrypted and dispersed networks. Thanks to its significant stage of sophistication, ZeU’s technology maximizes transparency, protection and scalability, as well as big details administration. ZeU’s system is to monetize transactions in diverse sectors such as payment, gaming, large facts, and healthcare.
Neither the CSE nor its Regulation Expert services Supplier accepts responsibility for the adequacy or accuracy of this release.
Supply: ZeU Systems, Inc.
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