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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

VirtualArmour Retains Leading Investment Banking Firm, Capstone Headwaters

May 6, 2019

CENTENNIAL, Colo., May 06, 2019 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (F:3V3) (OTCQB: VTLR), a premier cybersecurity managed services provider, has teamed up with Capstone Headwaters, a leading investment banking firm in response to receipt of unsolicited inquiries.

With Capstone’s reputation as a trusted advisor over multiple industries all over the world, VirtualArmour will be leveraging their capabilities to maximize shareholder interests. The Capstone senior team brings decades of experience in technology investment banking, capital markets and entrepreneurship and a deep understanding of the market forces, competitive dynamics and valuation parameters of several high-growth, technology market segments.

Capstone’s Managing Director and cybersecurity practice leader Tom McConnell stated, “We are excited to be working with the VirtualArmour management team and Board to assist in the evaluation of strategic and financial alternatives. VirtualArmour is an extremely well positioned Managed Security Services provider, offering state of the art cybersecurity solutions that protect and fortify their customers networks.”

“With the substantial amount of inbound activity, we felt it was the right time to retain a banking relationship that could support our business and help to unlock additional shareholder value,” stated Russ Armbrust, CEO of VirtualArmour. “After a diligent review process, we chose Capstone Headwaters because of their expertise in the cybersecurity field and their understanding of our industry.”

About Capstone Headwaters

Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States. The firm has a rich 17+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, investors, and creditors. CSHW offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity private placement, corporate restructuring, valuation & fairness opinion, and financial advisory services. Headquartered in Boston and Denver, Capstone Headwaters has over 160 professionals across 17 offices in the U.S. and an international presence that includes over 450 professionals in 40 countries. With 16 dedicated industry groups, the firm delivers sector-specific expertise through large, cross-functional teams on a global basis. For more information, visit http://capstoneheadwaters.com.

About VirtualArmour

VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.

The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security. VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com.

Important Cautions Regarding Forward Looking Statements

This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.

Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the success of this partnership, the future deal potential from this partnership, future interest in such partnerships, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Company ContactRuss ArmbrustCEOVirtualArmour International Inc.Tel (720) 644-0913 Email Contact

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