OVTZ 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: July 20, 2021
(Date of earliest event reported)
Oculus VisionTech Inc.
(Exact Name of Registrant as Specified in Charter)
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Wyoming incorporation) |
0-29651 |
06-1576391 |
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#507 – 837 West Hastings Street Vancouver, British Columbia Canada (Address of principal executive offices) |
V6C 3N6 (Zip Code) |
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(604) 685-1017 |
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N/A |
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:
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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:
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Title of Each Class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Common |
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Common stock - no par value |
OVTZ |
Over The Counter Bulletin Board |
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Preferred stock - no par value |
N/A |
N/A |
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Common stock - no par value |
OVT |
TSX Venture Exchange |
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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 July 20, 2021, the Company issued a press release reporting the latest v1.0.1 release of the Forget-Me-Yes® (FMY) data privacy solution. 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:
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Exhibit |
Description |
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99.1 |
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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.
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OCULUS VISIONTECH INC. |
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DATE: July 20, 2021 |
By: |
/s/ Anton J. Drescher |
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Anton J. Drescher |
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EXHIBIT INDEX
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Exhibit |
Description |
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99.1 |
Press Release dated July 20, 2021 |
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
New Oculus “Forget-Me-Yes®” Software Release
Vancouver, British Columbia--(July 20, 2021) – Oculus VisionTech Inc. (TSXV: OVT; OTCQB: OVTZ; FSE: USF1), an emerging data compliance innovator, through its brand, ComplyTrust®, today announced the latest v1.0.1 release of the “Forget-Me-Yes®” (FMY) data privacy solution.
This latest software release incorporates an Acknowledgement of Deletion Intent (ADI) feature providing a secure DSAR proof-of-deletion for both the Data Subject and the request-processing Data Collector/Steward.
“Forget-Me-Yes®” (FMY) is ComplyTrust’s Software-as-a-Service application for organizational and individual 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 excited to announce that FMY now incorporates the Acknowledgement of Deletion Intent (ADI) feature”, said Michael Johnson, co-founder at ComplyTrust. “ADI provides secure 3rd. party auditability, protecting all parties within the DSAR request-for-deletion process.”
Running within the global AWS cloud infrastructure, FMY provides a cost-effective, elastic, resilient, scalable and secure platform for CCPA, CDPA, GDPR, LGPD and SB220 data subject privacy compliance management. FMY’s cloud-native microservice architecture, is available on a monthly subscription-basis for Salesforce organizations structured DSAR processing data queries.
“The Forget-Me-Yes® data privacy platform has helped us streamline the DSAR request workflow, while saving us both time and money as data privacy compliance continues to become a more prevalent and prominent factor in protecting our Salesforce clients”, said Jonathan Castelo, VP Development and Senior Partner at Corrao Group.
As part of the Oculus ongoing business strategy to consistently protect and provide value to customers and shareholders alike, ComplyTrust® recently received USPTO public confirmation of their ComplyTrust® and Forget-Me-Yes® trademark registrations on July 13, 2021.
To more information and to request a Forget-Me-Yes® demonstration, please visit https://complytrust.com/ today.
| Oculus VisionTech Inc. | - 2 - | July 20, 2021 |
| News Release – Continued |
About Corrao Group
The Corrao Group https://corraogroup.com/ has helped hundreds of Salesforce customers customize the platform to their business in order to maximize their Salesforce investment. They have been providing custom Salesforce consulting services including configuration, development, implementation, integration, analytics and ongoing support for Sales, Service, and Marketing Clouds since 2002.
Learn more about the Corrao Group at https://www.corraogroup.com/.
About ComplyTrust®
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/.
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 ComplyScan 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.
Learn more about Oculus at www.ovtz.com or follow us on Twitter (https://twitter.com/OculusVT) or Facebook (https://www.facebook.com/OculusVisionTech/)
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
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.
| Oculus VisionTech Inc. | - 3 - | July 20, 2021 |
| News Release – Continued |
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.