AmbiCom's Veloxum Benefits From FTC Court Orders Shutting Down Massive Tech "PC Cleaner" Scams
MILPITAS, CA--(Marketwired - Mar 4, 2015) - AmbiCom Holdings, Inc. (OTCQB: ABHI) today announced that its market size and potential will benefit from FTC court orders which temporarily shut down massive tech support and "pc cleaner" scams. AmbiCom recently announced the commercialization of Veloxum optimization application for PCs with PC Drivers Headquarters (DHQ). This version adapts and simplifies its successful enterprise software and is designed for the home users.
A few months ago, the FTC and the state of Florida announced court complaints against dozens of individuals and companies that reportedly swindled over $120 million from consumers, many of them seniors. The defendants pitching the software designed highly deceptive scams to identify hundreds or even thousands of "errors" that have nothing to do with a computer's performance or security.
"We see this crackdown as great opportunity to introduce these consumers to a product that has been certified and verified as legitimate with actual results," stated John Hwang, CEO and Chairman of AmbiCom. The Veloxum products have been certified by Microsoft, IBM, VMware, and Citrix with proven benchmark tests.
About the Veloxum Tuning Engine
Veloxum actively and continuously optimizes physical and virtual computers by optimizing operating system and application settings. It leverages the existing systems and computers by tuning the various components within their manufacturer supported settings. The solution enables all levels of computer users to maximize performance, increase workload density, and minimize costs. The Veloxum products have been certified by Microsoft, IBM, VMware, and Citrix.
Customers such as Watermark Industries, Colgate Palmolive, Integrated Axis, Taiwan Railway Administration, and Maimonides Medical Center are enjoying significant cost savings with Veloxum. Veloxum was founded in September, 2007 and was awarded the Gartner "Cool Vendor" award in 2012 in the category of infrastructure management.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and was a leading designer and developer of innovative wireless hardware more than one million devices sold worldwide. Now it is focusing on tuning software products optimizing complex IT environments, servers, and personal computers. AmbiCom believes there are unique opportunities as a result of the sheer size of the IT, server, and PC marketplace and the Company's innovative approach and exemplary customer services. For more information, visit www.ambicom.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
AmbiCom Holdings Inc.
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