Intergrated Cyber Solutions

Integrated Cyber Solutions Inc. Provides Status Report of Annual Financial Statements and MD&A

Integrated Cyber Solutions Inc. (CSE: ICS) ("Integrated Cyber" or the "Company") provides this bi-weekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").

The Company previously announced on October 25, 2023 that it had applied for a management cease trade order ("MCTO") with the applicable securities regulatory authorities in Canada on the basis that the Company's audited annual financial statements, accompanying management's discussion and analysis and associated Chief Executive Officer and Chief Financial Officer certifications for the fiscal year ended June 30, 2023 (the "Annual Filings") would not be filed by the applicable filing deadline of October 30, 2023 (the "Default Announcement"). The Company announced that the MCTO was issued on November 1, 2023. The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

Preparation of the Annual Filings has also impacted the timely completion of the Company's interim financial statements, accompanying management's discussion and analysis and associated Chief Executive Officer and Chief Financial Officer certifications for the three months ended September 30, 2023 (the "Interim Filings"). The completion of the Interim Filings is dependent on the results contained in the Annual Filings, and, accordingly, the Company will not be able to file the Interim Filings by the reporting deadline of November 29, 2023.

The Company and its auditors continue to work diligently toward completing the Annual Filings and Interim Filings as soon as possible, and continues to expect that it will be in a position to file the Annual Filings and Interim Filings on or before December 29, 2023. The Company confirms that since the date of the Default Announcement: (i) other than as described above, there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Annual Filings and Interim Filings.

On Behalf of the Board of Directors:

Alan Guibord,

Director & Chief Executive Officer

Integrated Cyber Solutions Inc.

For further information, please contact: Integrated Cyber Solutions Inc. 1 Stiles Rd. Salem, New Hampshire, 03079 United States of America Telephone: +1(212) 634-9534 Email: alan.guibord@integrated-cyber.com Web: https://www.integrated-cyber.com

ABOUT Integrated Cyber

Integrated Cyber is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, allowing companies to continuously adapt their services to evolving technologies and providers - ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization. Integrated Cyber greatly emphasizes the human aspect of cybersecurity management, simplifying complex concepts, and highlighting the crucial role that employee behavior plays in a company's cyber defenses.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release may include statements about the expected filing of the Annual Filings and Interim Filings, the Company's continued ability to satisfy the information guidelines set out in NP 12-203 as well as the duration of the MCTO. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made including, without limitations, information based on the current state of the Annual Filings, Interim Filings and discussions with the auditors of the Company. Although Integrated Cyber has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee the Annual Filings and/or Interim Filings will be made on the timeline currently expected, that the Company will continue to be able to satisfy the requirements of NP 12-203 or that the MCTO will not be revoked and replaced with a cease trade order. If the securities regulators deem that the Company has not complied with the MCTO, the Annual Filings and/or Interim Filings are not filed on time or subject to additional delays, or the Company is not able to continue to satisfy the requirements of NP 12-203, the securities of the Company could be subject to a cease trade order or other actions taken by the securities regulators and/or exchanges. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Integrated Cyber disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Integrated Cyber Solutions Inc. (CSE: ICS) to receive an Investor Presentation

ICS:CC
The Conversation (0)
CSE Bulletin: Reinstatement - Integrated Cyber Solutions Inc.

CSE Bulletin: Reinstatement - Integrated Cyber Solutions Inc.

Effective immediately, Integrated Cyber Solutions Inc. will be reinstated for trading.

The Company has rectified the situation that gave rise to the suspension.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - ICS

Canadian Investment Regulatory Organization Trade Resumption - ICS

Trading resumes in:

Company: Integrated Cyber Solutions Inc.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Integrated Cyber Solutions Corrects Statement in Previous Release Issued on April 2, 2024

Integrated Cyber Solutions Corrects Statement in Previous Release Issued on April 2, 2024

(TheNewswire)

Integrated Cyber Solutions Inc.

Vancouver, British Columbia TheNewswire - April 3, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) ("Integrated Cyber" or the "Company") wishes to correct an error in its previously issued press release titled, "Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East" issued on April 2, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East

Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East

(TheNewswire)

Integrated Cyber Solutions Inc.

Vancouver, British Columbia TheNewswire - April 2, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) ("Integrated Cyber" or the "Company") is pleased to announce that the Company has formed a Joint Venture ("JV") partnership ("ICS Middle East") with an established company based in the UAE, HSG Middle East ("HSG"). Since 2012, HSG has been delivering specialized hospitality supplies and technology solutions across the Middle East. HSG is a member of the Gulf Cooperation Council (GCC), with relationships totaling over 500 hotels and 55,000 rooms in the region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Cyber Insurance Industry to Experience Above Trend Sector Growth

Cyber Insurance Industry to Experience Above Trend Sector Growth

(TheNewswire)

Integrated Cyber Solutions Inc.

Vancouver, British Columbia TheNewswire March 27, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G). Since 2018, the global cyber insurance market has experienced remarkable growth beyond the industry average, with coverage volumes tripling over that time frame. Today, this insurance domain has generated approximately US$13 billion in gross direct premiums by 2022 and is expected to produce an industry compound annual growth rate (CAGR) of 12.3% from 2023 to 2030.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CrowdStrike logo on cell phone.

​Tech 5: CrowdStrike Outage Causes Major Disruptions, Tech Stocks Face Turmoil

Markets reacted to the attempted assassination of Former US President Donald Trump, with analysts predicting it could increase his re-election odds.

Meanwhile, a global tech outage disrupted systems across multiple industries, and Bitcoin and Ether prices fluctuated, influenced by factors such as the likelihood of Ether exchange-traded funds (ETFs) being approved by next week.

Stay informed on the latest developments in the tech world with the Investing News Network's round-up.

Keep reading...Show less
Closeup photo of computer code on screen.

CrowdStrike Shares Drop After System Update Causes Global Tech Outage

CrowdStrike Holdings (NASDAQ:CRWD) has identified a system update as the cause of widespread global computer outages that have affected diverse businesses, including airlines, hospitals and banks.

Initial concerns over a potential hack were dismissed, with the cybersecurity company explaining on Friday (July 19) that the issue was not related to any security incident or cyberattack.

The outages were caused by a defect in a single content update for Windows hosts, specifically linked to Falcon Sensor software. This defect led to numerous systems encountering the notorious "blue screen of death."

Keep reading...Show less
Aether Global Innovations (CSE:AETH)

Aether Global Provides Update on Management Cease Trade Order

Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA) (WKN# A2N8RH), a leader in drone management and automation, is providing this update on the status of a management cease trade order (the "MCTO") granted on April 3, 2024 by the British Columbia Securities Commission under National Policy 12-203 - Management Cease Trade Order ("NP 12-203").

On April 3, 2024, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements, annual information form and management's discussion and analysis for the fiscal year ended November 30, 2023 (the "Annual Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default Announcement"). The Company reports that it anticipates filing the Annual Filings on or before May 30, 2024 and will provide further updates on the timing of the filing, as necessary.

Keep reading...Show less
Integrated Cyber Solutions Announces Significant Customer Renewal and Expansion of Services

Integrated Cyber Solutions Announces Significant Customer Renewal and Expansion of Services

Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) (“Integrated Cyber” or the “Company”) is pleased to announce the renewal and expansion of services with a longstanding, esteemed client in the power, renewables and infrastructure sector. The client opted to extend their contract and incorporate extra services with Integrated Cyber due to the product consistently and effectively fulfilling their security needs.

In line with Integrated Cyber’s “land and expand” business model, the initial engagement with the client began with the delivery of Managed Detection and Response (MDR) services. Over the years, the Company has consistently enhanced the client's security architecture across various sites. This expansion of services with the client showcases Integrated Cyber's ability to deliver value to the end user, guaranteeing the ongoing fulfillment of their expanding cybersecurity requirements.

Keep reading...Show less
Intergrated Cyber Solutions

Integrated Cyber Solutions


Keep reading...Show less
man on computer in dark room

Cybersecurity Market Forecast: Top Trends That Will Affect Cybersecurity in 2024

Technology is constantly moving forward, and modern digital infrastructure allows for unprecedented connectivity that has created new opportunities in all kinds of industries, from pharmacology to robotics.

Unfortunately, the same advancements have also exposed companies to sophisticated, scalable cyberattacks — according to Statista, cybercrime cost American businesses an estimated US$320 billion in 2023, an increase of over US$300 billion since 2017. That figure could swell to approximately US$1.82 trillion by 2028.

The ever-evolving nature of online threats means that up-to-date cybersecurity measures are now an essential part of any business. This changeability also means the industry is likely to experience significant growth in the years to come, making it a potentially lucrative sector for investors. Indeed, Grandview Research predicts that the global cybersecurity market will grow at a CAGR of 12.3 percent from 2023 to 2030, reaching an estimated US$500.7 billion.

Keep reading...Show less

Latest Press Releases

Related News

×