updated 5/19/2011 7:46:16 AM ET 2011-05-19T11:46:16

BOULDER, Colo., May 19, 2011 (GLOBE NEWSWIRE) -- A reported 25 million people use Dropbox everyday to virtually store and access everything from pictures and music to important personal and work documents. Until recently the verbiage of the Dropbox's Terms of Service agreement gave users the impression that their data was secured from unauthorized access by anyone, including Dropbox staff. Recently however Dropbox changed its terms to reveal that Dropbox can in fact decrypt and access users' files and documents. With millions of Dropbox users seeking alternative solutions, eCrypt (OTCBB:ECRY) stands to convert a large percentage of these users to eCrypt.me, a service dubbed as the easiest and most secure way to send and receive messages and store files anywhere on the internet.

Many feel betrayed by the change in Dropbox's terms of service. In one independent poll, 71% of respondent indicated outrage at the revelation. "Dropbox said they couldn't access your files and now they can," writes Betanews commenter Malcarada Volanga. "Dropbox cannot be trusted about the claims they make, this is the main reason why I will not be using their services." An FTC Complaint filed on May 11 by ex-FTC employee and Ph.D. student Christopher Soghoian charges that Dropbox "has and continues to make deceptive statements to consumers regarding the extent to which it protects and encrypts their data," a charge that amounts to deceptive trade practices, meriting an investigation by the FTC.

"Clearly people have a need to store documents online. What cannot be overlooked however is that privacy is also a requirement." commented Brad Lever, CEO of eCrypt Technologies. "We are continually developing additional features and functionality for eCrypt.me, and invite Dropbox users to try it today, and even influence development, to tell what other features would help them in their lives."

Earlier this year eCrypt Technologies launched eCrypt.me, a web-based email and file encryption service. One feature of eCrypt.me is its secure File Vault where users can securely store files for secure on-the-fly access from any device with an internet connection, including PCs, Mac computers, smartphones, and tablets. eCrypt's strong focus on privacy and end user control influenced development of the platform to prevent unauthorized access to the contents of messages and files by anyone, including eCrypt.

An additional advantage over services like Dropbox, is the incorporation of email, allowing users to easily and securely send files by attaching them directly from the File Vault.

About eCrypt Technologies ( www.ecryptinc.com )

eCrypt Technologies, Inc. is an information security firm focused on ease of use and end user control. Using the strongest encryption algorithms available, eCrypt solutions prevent unauthorized access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one – not even eCrypt - has access to the content of their emails.

The eCrypt Technologies Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8369

To date, the Company has launched eCrypt One on One, an email encryption software for BlackBerry smartphones, and eCrypt.me, the easiest and most secure way to send and receive messages and store files anywhere on the internet

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.

Safe Harbor Statement

This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.

CONTACT:  Media
          Tris Hussey
          thussey@ecryptinc.com
          1.866.241.6868
         
          Investors
          Brad Lever
          blever@ecryptinc.com
          1.866.241.6868

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com