World Developments Holdings, Inc Executes Merger with

World Developments Holdings, Inc Executes Merger with

Wilmington, DE, Feb. 14, 2023 (GLOBE NEWSWIRE) — World Developments Holdings, Inc. (OTC: GDVM) and VeeMost Applied sciences, LTD have entered right into a merger settlement by the change of most popular shares. On account of the merger, World Developments Holdings, Inc. has been renamed to VeeMost Applied sciences Holdings, Inc., and an software has been submitted to FINRA to alter the issuer’s identify, ticker image, and CUSIP.

Based in 2002, VeeMost is a crew of skilled {industry} leaders and professionals led by its chief govt officer, Mr. Melvin Ejiogu, who holds a bachelor’s diploma in Enterprise Administration with a specialization in Company Finance from the College of Akron, Ohio. Along with having over 25 years of expertise within the expertise {industry}, Melvin holds quite a few top-level IT certifications, together with the Cisco Licensed Internetwork Professional (CCIE) certification.

Melvin has achieved success at a number of IT organizations together with his prior partnership with Match Applied sciences in Cleveland, Ohio. On this function, he served as Director of Enterprise Improvement and Director of Know-how Engineering, contributing considerably to the corporate’s progress and success. Melvin additionally served with AT&T Labs as a Lead Principal Architect & Designer. There, he led a extremely specialised crew of specialists and was essential within the design, implementation and supply of custom-made and secured community infrastructures, merchandise and options to giant authorities businesses and enterprises.

In his first full yr again at VeeMost as CEO and President, Melvin has constructed a robust basis. He has set his sights on replicating his success at VeeMost and taking the corporate to new heights. On account of this imaginative and prescient, VeeMost has made substantial additions to its engineering and gross sales groups and has been acknowledged as a Cisco premier associate and integrator. Moreover, throughout the previous eight months, VeeMost has achieved 4 Cisco superior specializations: Superior Enterprise Community Structure, Superior SP Structure, Superior Collaboration Structure, and Superior Safety Structure. VeeMost has grow to be one of many few expertise corporations nationwide to attain 4 or extra Cisco superior specializations, placing it on the trail to turning into a Cisco Gold Integrator Accomplice.

VeeMost is dedicated to turning into a strategic associate for Cisco and different {industry} leaders by offering deep technical experience in quite a lot of disciplines. VeeMost may even proceed to attain a excessive degree of buyer satisfaction by harnessing the ability of the cloud and automation, serving to organizations obtain enterprise progress and handle cybersecurity considerations, digital work necessities, software cloud modernization, infrastructure necessities, and extra.

Worldwide spending on public cloud companies in 2022 was $490.3 billion, and it’s forecasted to extend by 21% in 2023. Aiming to seize a good portion of the cloud market share, VeeMost shall be launching its personal revolutionary cloud companies and options within the second quarter of 2023, making it publicly out there to organizations and customers. Moreover, VeeMost will proceed to supply full lifecycle administration companies for purchasers’ digital transformation journeys to the cloud. This service consists of preliminary session and evaluation and ends with full migration and administration of cloud companies, using an iterative steady enchancment method to infrastructure modernization.

On account of cyber safety incidents growing at an exponential price, organizations spent a collective $188.3 billion on data safety services in 2022. As compared with final yr, cyber safety spending is anticipated to extend by 12.4%. VeeMost has strategic alliances with probably the most industry-leading safety distributors, together with Palo Alto Networks, Cisco Programs, and lots of extra. Along with offering strategic consulting and planning companies, VeeMost provides implementation companies, managed companies, and technical companies to organizations in search of to mitigate cyber safety threats, meet regulatory necessities, and preserve their companies operating easily. Our 24x7x365 NOC/SOC operation screens our clients’ networks and safety infrastructures, detects threats utilizing AI and machine studying algorithms, and mitigates points instantly to make sure seamless operations.

On account of VeeMost’s technique on multi-year and long-term income streams and a present shopper retention price of over 98%, the corporate is nicely positioned for short-, medium-, and long-term market penetration success and explosive progress. Except for natural progress, VeeMost intends to amass expertise corporations and cyber safety corporations as wholly owned subsidiaries. We’re presently in energetic discussions with two potential acquisition targets with whom we anticipate reaching an settlement within the close to future.

Within the phrases of VeeMost’s CEO Melvin Ejiogu, “I’m ecstatic with what we completed in 2022 and stay up for what lies forward in 2023, which seems to be shaping as much as be an especially profitable yr for the corporate. Over time, VeeMost has developed a excessive degree of technical experience throughout your complete Cisco Portfolio, in addition to a number of superior specializations. Moreover, we’ve got expanded our relationship with different main distributors, corresponding to Palo Alto. These achievements show and validate our capability to collaborate and innovate expertise options at scale for our clients and ship a excessive degree of buyer assist.”

Protected Harbor Assertion

This launch incorporates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. You may establish these statements by way of the phrases “could,” “will,” “ought to,” “plans,” “expects, ” “anticipates,” “proceed,” “estimates,” “tasks,” “intends,” and related expressions. Ahead-looking statements contain dangers and uncertainties that would trigger outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however will not be restricted to, the Firm’s capability to efficiently execute its expanded enterprise technique, together with by getting into into definitive agreements with suppliers, business companions and clients; common financial and enterprise situations, results of continued geopolitical unrest and regional conflicts, competitors, modifications in expertise and strategies of promoting, delays in finishing numerous engineering and manufacturing packages, modifications in buyer order patterns, modifications in product combine, continued success in technical advances and delivering technological improvements, shortages in elements, manufacturing delays as a consequence of efficiency high quality points with outsourced elements, regulatory necessities and the flexibility to satisfy them, authorities company guidelines and modifications, and numerous different elements past the Firm’s management.

VeeMost Applied sciences, LTD


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