8-K
Oculus Inc. (OVTZ)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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: November 19, 2020
(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) | 06-15763-91<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) | |
| --- | --- |
Registrant’s telephone number, including area code: (604) 685-1017
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: None
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. ☒
Item 7.01. Regulation FD Disclosure.
On November 19, 2020, the Company issued a press release reporting the alpha release of their data privacy compliance platform “Forget Me Yes™”. A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01. Exhibits.
| Exhibit | Description |
|---|---|
| 99.1* | Press Release, dated November 19, 2020 |
* The foregoing exhibits relating to Item 7.01 are intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OCULUS VISIONTECH INC. **** | ||
|---|---|---|
| DATE: November 19, 2020 | By: | /s/ Anton J. Drescher |
| Anton J. Drescher<br> Chief Financial Officer |
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99.1* | Press Release, dated November 19, 2020 |
* The foregoing exhibits relating to Item 7.01 are intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.
ex_215117.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 On- t rack W ith Data Privacy Compliance Platform Development
Vancouver, British Columbia--(November 19, 2020) - Oculus VisionTech Inc. (TSXV: OVT; OTCQB: OVTZ; FSE: USF1), a cloud document protection and emerging data security provider developing innovative solutions for the data governance and compliance markets, announces the alpha release of their data privacy compliance platform “Forget Me Yes™”.
The “Forget Me Yes™” (FMY) Software-as-a-Service API Platform specifically manages both organizational and individual Right-to-be-Forgotten (RtbF) and Right-of-Erase (RoE) compliance of structured data for California Consumer Privacy Act (CCPA), Nevada SB220, Washington Privacy Act (WPA), Brazil’s LGPD and Europe’s GDPR. Features include easy integration for Salesforce and other third parties, in-time compliance, automated persistent re-query delete including an audit trail for continuous compliance.
“With over 20+ years of custom Salesforce system integration experience, we are excited to be an active evaluation partner for this new Salesforce data privacy tool”, said Jack Corrao, CEO of Corrao Group. “With the active CCPA and new CPRA data privacy regulations here in California, legal compliance has become a very high-priority within the Salesforce Enterprise ecosystem.”
“FMY’s Zero Knowledge Proof (ZKP) platform technology ensures auditable privacy and security throughout the entire compliance process”, said Michael Johnson, CEO and President of OCL. “We are grateful to work with the Corrao Group team and welcome the opportunity for continued collaboration in the months ahead”.
“We are excited to be part of this ever expanding worldwide RegTech industry and look forward to reporting on more development and product offering details as we progress”, stated Rowland Perkins, CEO of Oculus VisionTech.
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/.
| Oculus VisionTech Inc. | -2- | November 19, 2020 |
|---|---|---|
| News Release – Continued |
About Oculus
Oculus, http://ovtz.com/, is a cyber security company that creates systems for document and multimedia protection to combat tampering and digital piracy. Utilizing proprietary technology originally created for embedding digital watermarking video-on-demand (VOD) systems, Oculus has created a Cloud-based document protection system based on embedded digital watermarking. The Company's systems, services and delivery solutions include document, still image and motion video digital watermark solutions and documents, photographs (still image) and video content protection. Headquartered in Vancouver, British Columbia, Canada, Oculus was founded by experts in image processing and is operated by an experienced management team.
Learn more about Oculus at http://ovtz.com/ or follow us on Twitter (https://twitter.com/OculusVT) or Facebook (https://www.facebook.com/OculusVisiontech)
About OCL
OCL Technologies https://www.ocltechnologies.com/, a wholly owned subsidiary of Oculus, is specifically focused on providing enterprise organizations and individuals with highly-secure data privacy tools that provide sustained and continuous global regulatory compliance of data subject rights. Headquartered in San Diego, California, OCL Technologies was founded by industry veteran storage technology experts and is operated by an experienced management team.
Learn more about OCL Technologies at https://www.ocltechnologies.com/.
For further information, contact:
Anton Drescher
Telephone: (604) 685-1017
Fax: (604) 685-5777
Website: http://ovtz.com/
TSXV : https://tmxmatrix.com/company/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.
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 s tatements 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.