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Root9b Technologies Inc (OTCMKTS:RTNB) filed form 10-K with SEC. Joseph J. Grano, Jr., the Chairman and CEO issued a Letter to Shareholders in association with the submission of the Company’s Annual Report with the SEC on March 30, 2015. In the letter, he updated investors on the developments pertaining to the company’s continued evolution into a leading provider of cyber security and regulatory risk mitigation offerings.

The highlights

Grano started the letter stating that it has been five months since he issued last letter to shareholders. At that time, root9B Technologies continued with the measures of reorganization as outlined in the last communication in preparation for the implementation stage of the growth strategy. The company made substantial progress in improving the innovative capabilities of the wholly-owned cyber security subsidiary firm, root9B.

It decided to concentrate on areas of regulatory risk mitigation and enhancing cyber security. Consistent with the set objectives, the management initiated a rebranding initiative and changed the name and ticker to root9B Technologies, Inc. and ‘RTNB,’ respectively. The new changes were effective from December 1, 2014.

The strategy

Grano further added that a successful growth plan needs a strong foundation created on organizational strength and robust economics. The company enhanced both critical segments with the acquisition of IPSA International. The new acquisition deal was completed by root9B Technologies in February 2015. It generated revenues of $41 million in FY2014.

The services offered by IPSA are anti-money laundering applications, investigative due diligence, anti-bribery and corruption training, litigation support, investigative services, and thorough background verification on behalf of numerous sovereign countries to assist the issuance of International Passports. The risk mitigation services offer a reliable and proven complement to the Business Advisory Offerings unit and considerably enhance the suite of client service offerings, geographic reach and financial scale.

In last trading session, the stock price of RTNB surged 1.95% to close the day at $1.57 on share volume of 223, 354.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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