NEWPORT BEACH, Calif., April 18, 2013 /PRNewswire/ -- Cloud Star Corp (OTCBB: CLDS) a Nevada corporation, today announced that it plans to explore expanded App and website security in North America through the product App Secure™ created through its joint venture with App Ventures and through an agreement with App Fence.
App Secure™ is a sensor technology with a secure communication framework that detects web-based attacks on web Apps and websites. The technology vigilantly monitors the security of a web App or website. The intelligence in detection provides analysis and affirmation of cyber attacks in real time. This technology is designed specifically to identify and thwart cyber attacks in real time instead of after the fact.
Cyber attacks on applications and websites in the Cloud Computing environment are increasing in frequency and breadth. The US House of Representative is voting on controversial legislation that aims to deter cyber attacks. http://www.americanbanker.com/issues/178_74/house-set-to-pass-cybersecurity-bill-1058375-1.html. Organizations backing the measure include the American Bankers Association, IBM, Intel, Verizon, AT&T and groups representing energy companies as each respective industry has seen a huge increase in attacks to their websites and web applications in the Cloud Computing environment.
Kerry Singh, President of App Ventures Ltd. stated, "The Joint Venture with Cloud Star Corp provides an opportunity for our Company to bring App Secure™ technology to North America. We look forward to exploring opportunities with Cloud Star Corp."
Safa Movassaghi, President of Cloud Star Corp commented, "We are pleased to expand Cloud Star's product line with App Secure™ and other products from this joint venture with App Ventures. Cyber attacks and other threats to the Cloud Computing environment are creating demand for this type of technology."
About Cloud Star Corporation
Cloud Star Corp, NV, is an innovative Cloud Computing company that provides security, technology, and products to the technology marketplace. The Company develops security products for the Cloud Computing environment. Cloud Star Corp pioneered patent-protected remote access security devices such as MyComputerKey™. The Company and its partners also develop web application and website security products specifically aimed at protection from cyber attacks in the cloud computing environment.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Notice Regarding Forward Looking Statements - This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE Cloud Star Corp