8-K
Oculus Inc. (OVTZ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 28, 2021
(Date of earliest event reported)
Oculus VisionTech Inc.
(Exact Name of Registrant as Specified in Charter)
| Wyoming <br> (State or other jurisdiction of incorporation) | 0-29651<br> (Commission File Number) | 06-1576391<br> (IRS Employer Identification No.) |
|---|---|---|
| #507 –837 West Hastings Street<br><br> <br>Vancouver, British Columbia Canada<br><br> <br>(Address of principal executive offices) | V6C 3N6<br><br> <br>(Zip Code) | |
| --- | --- | |
| (604) 685-1017<br> (Registrant’s telephone number, including area code) | ||
| --- | ||
| N/A<br> (Former name or former address, if changed since last report) | ||
| --- |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common | ||
| Common stock - no par value | OVTZ | Over The Counter Bulletin Board |
| Preferred stock - no par value | N/A | N/A |
| Common stock - no par value | OVT | TSX Venture Exchange |
| Common stock - no par value | USF1 | Frankfurt Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 7.01. Regulation FD Disclosure.
On June 28, 2021, the Company issued a press release reporting the agreement with NOX Co. Ltd. To introduce the ComplyScan^TM^ cloud-backup compliance reporting and Forget-Me-Yes ^TM^ data privacy management products through Japan and Asia-Pacific (APAC) wide sales channels. A copy of the press release is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated by reference into this Item 7.01.
Information Furnished
The information furnished herewith pursuant to Item 7.01 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this report shall not be incorporated by reference into any filing under the Securities Act, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Exhibits.
The following exhibits are furnished herewith:
| Exhibit<br> No | Description |
|---|---|
| 99.1 | Press Release dated June 28, 2021 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OCULUS VISIONTECH INC. | ||
|---|---|---|
| DATE: June 28, 2021 | By: | /s/ Anton J. Drescher |
| --- | --- | --- |
| Anton J. Drescher<br> Chief Financial Officer |
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EXHIBIT INDEX
| Exhibit<br> No | Description |
|---|---|
| 99.1 | Press Release dated June 28, 2021 |
ex_260270.htm
Exhibit 99.1
#507 – 837 West Hastings Street
Vancouver, BC V6C 3N6 / 604-685-1017
N E W S R E L E A S E
Oculus VisionTech Announces Asia Pacific Channel Partner Agreement with the NOX Co. Ltd.
Vancouver, British Columbia--(June 28, 2021) – Oculus VisionTech Inc. (TSXV: OVT; OTCQB: OVTZ; FSE: USF1), an emerging data compliance software innovator, through its wholly-owned subsidiary ComplyTrust^TM^ Inc., announces the recent agreement with NOX Co. Ltd. to introduce the ComplyScan ^TM^ cloud-backup compliance reporting and Forget-Me-Yes ^TM^ data privacy management products through Japan and Asia-Pacific (APAC) wide sales channels.
Since 1992, NOX has been a leading provider of high-performance storage, networking and security products and solutions to the largest companies in Japan. NOX has a rich history of being one of the first partners with highly innovative vendors, including EMC (acquired by Dell), Data Domain (acquired by EMC), BakBone (acquired by Quest Software), Juniper Networks, Varonis, Zscaler, VAST Data and many others. NOX customers are leaders in industry verticals that range from semiconductors to automobile manufacturing.
ComplyScan^TM^ is a cloud-native SaaS reporting solution that helps customers achieve compliance and visibility to alert and prepare for disasters, ransomware attacks, malicious insiders, human error and data corruption. Forget-Me-Yes *^TM^*is a cloud-native SaaS application that gives customers peace of mind and actionable tools to protect the data privacy and increase overall data compliance. Both services are architected to scale globally and cost effectively in all regions covered by Amazon Web Services.
“Both the ComplyScan ^TM^^^and Forget-Me-Yes ^TM^ products will be a welcome addition to help our enterprise customers to adapt to the fast-changing data privacy and compliance regulations that are coming out of every country. Our customers are all global in nature, and they need compliance and protection tools to help with their fast-growing cloud workloads”, said Toshi Kato, CEO at NOX. “We are excited to be a part of the rapidly growing cloud data compliance management markets and look forward to building momentum and sales with the ComplyTrust team”.
“ComplyTrust is very excited to add NOX to our new partner community”, said Spencer Spicker, VP Business Development at ComplyTrust. “The addition of our brand and products into their impressive product portfolio will help their Enterprise clients to scale out their cloud operations worldwide, and build the emerging revenue stream for Oculus VisionTech”.
| Oculus VisionTech Inc. | - 2 - | June 28, 2021 |
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| News Release – Continued |
About NOX Co. Ltd.
NOX Co. Ltd. is headquartered in Tokyo, Japan. Since 1992, NOX has been providing network security and storage management solutions to enterprise customers in both the US and APAC regions. Learn more about NOX today by visiting https://www.nox.co.jp/en/index.shtml.
About Oculus VisionTech
Oculus VisionTech Inc. (OVT), www.ovtz.com, is a technology company focused on cyber security and data privacy compliance products for Enterprise business customers. With offices in San Diego, California and Vancouver, British Columbia, the Company is currently expanding its’ new ComplyTrust ^TM^, www.complytrust.com, product suite which includes the ComplyScan cloud backup reporting tool and Forget-Me-Yes ^TM^ 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.
Learn more about Oculus at www.ovtz.com or follow us on Twitter (https://twitter.com/OculusVT) or Facebook (https://www.facebook.com/OculusVisiontech).
About ComplyTrust ^TM^ Inc.
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:
Anton Drescher
Telephone: (604) 685-1017
Fax: (604) 685-5777
Website: http://ovtz.com/
TSXV: https://money.tmx.com/en/quote/OVT
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
| Oculus VisionTech Inc. | - 3 - | June 28, 2021 |
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| News Release – Continued |
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.