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LandStar Inc. Reports Results for Second Quarter 2019

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RALEIGH, N.C., Aug. 14, 2019 (GLOBE NEWSWIRE) — LandStar, Inc. (OTCPK: LDSR) (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy software company, today filed its Form 10-Q with the U.S. Securities and Exchange Commission (the “SEC”) to disclose its financial results for the three and six month periods ending June 30, 2019.

Key Takeaways:

  • Continued billing and subscription revenue growth
  • Privacy, Security and Governance continue to be leading stories
  • Stage set for H2-2019 Privacy Product Launches
  • Full pipeline of RFPs, PoCs – Customer Conversions to Hybrid-Cloud

Management Commentary:
Jason Remillard, Founder of Data443 and CEO of LandStar, commented, “As our second-quarter results confirm, we are making progress on our plan to accelerate high-margin, recurring revenue into our business. We believe the large and growing addressable markets we operate in provides us with substantial runway for continued expansion. Strong execution and our focus on building deep customer relationships have driven customer renewals, which is of critical importance when integrating our current and planned acquisitions.  Our recent contract awards combined with the elevated level of proposal activity sustains our optimism for further growth.

“On the acquisition front, we are excited to strengthen our capabilities with the strategic acquisition of DataExpress, which we expect to close in the third quarter of 2019. This acquisition will allow us to adopt a larger footprint into the retail and financial services industries, where data transfer activity continues to increase in volume, risk, sensitivity and overall value to the organizations. We intend to make additional prudent acquisitions that meet our strategic goals of increasing our customer base, expanding our service capabilities, and achieving high margin recurring revenue.

“As we look to the second half of the year, we still have plenty of work ahead in converting and increasing our new business pipeline. Our comprehensive portfolio of products and services, strong partnerships, nimble structure and depth of expertise, position Data443 to drive growth and deliver value for our clients and shareholders,” concluded Mr. Remillard.

Business Highlights for the Second Quarter of 2019:

  • Signed a letter of intent to acquire the assets of secure, managed file transfer leader, DataExpress
  • Collaborated with N8 Identity on a major client win following a three-month pilot for a global, NYC-based $1.4B market cap NYSE-traded company
  • Announced the availability of its Enterprise Connector Framework for its expanding product line for all SaaS-based offerings – supporting major platforms such as Slack™, Microsoft Office365™, Altassian’s JIRA™
  • Expanded its product line with the addition of high-profile new data sources for use in CCPA, GDPR, eDiscovery, archiving and data retention requirements
  • Completion of negotiations with finance partners, resulting in favorable new terms on existing debt
  • The WordPress GDPR Framework grew to over 20,000 active deployments
  • Numerous customer wins for its hybrid-cloud archiving and eDiscovery platform
  • New Versions of GDPR Framework, ClassiDocs and ARALOC client released
  • New sales and marketing campaigns launched – aggressively targeting competitor client bases and CCPA legislation subjects
  • New distributors and partners added to our roster, recertifications with technology partners
  • CEO Jason Remillard was invited to become a part of the National SPARK Institute’s Privacy Committee, which assembles preeminent inter-industry experts in the privacy sector to analyze and understand the impact of global privacy laws. The committee also provides thought leadership, strategic recommendations and policy guidance to state and federal entities.
  • Presented at the SPARK Institute’s 2019 SPARK National Conference, covering the state of privacy and its impact on the retirement industry
  • Presented at the LD Micro Invitational in Los Angeles, an investor event dedicated to growth-oriented companies engaging with the investment community

Second Quarter 2019 Financial Results:
Total revenues were $359,000 during the three months ended June 30, 2019, compared to zero revenue for the three months ended June 30, 2018. We had net billings for the three months ended June 30, 2019 of $483,000, compared to zero in the prior year period.

Deferred revenues were $427,000 as of June 30, 2019, an increase of $398,000 from $29,000 as of December 31, 2018.

General and administrative expenses for the three months ended June 30, 2019 were $1,211,000, as compared to $1,804,000 for the three months ended June 30, 2018, which is a decrease of $593,000, or 33%.

The net gain for the three months ended June 30, 2019 was $1,194,000 as compared to a loss of $1,460,000 for the three months ended June 30, 2018. The net gain for the three months ended June 30, 2019 was mainly derived from a gain on change in fair value of derivative liability of $2,421,000, associated with convertible notes payable and gross margin of $353,000, offset in part by general and administrative, and sales and marketing expenses incurred. The net loss for the three months ended June 30, 2018 was mainly derived from the general and administrative, and sales and marketing expenses incurred without generating revenue, offset in part by a gain on change in fair value of derivative liabilities.

First Half 2019 Financial Results:
Total revenues were $501,000 during the six months ended June 30, 2019, compared to zero revenue for the six months ended June 30, 2018. We had net billings for the six months ended June 30, 2019 of $957,000, compared to zero in the prior year period. 

General and administrative expenses for the six months ended June 30, 2019 were $1,902,000, compared to $2,080,000 for the six months ended June 30, 2018, a decrease of $178,000, or 9%. The expenses for the six months ended June 30, 2019 primarily consisted of management costs, costs to integrate assets we acquired and to expand sales, audit and review fees, filing fees, professional fees, and other expenses, including the re-classification of sales-related management expenses, in connection with the projected growth of the Company’s business.

The net gain for the six months ended June 30, 2019 was $7,224,000 as compared to a loss of $7,665,000 for the six months ended June 30, 2018. The net gain for the six months ended June 30, 2019 was mainly derived from a gain on change in fair value of derivative liability of $9,234,000, associated with convertible notes payable and gross profit of $492,000, offset in part by general and administrative, and sales and marketing expenses incurred. The net loss for the six months ended June 30, 2018 was derived by the net loss on change in fair value of derivative liability of $4,739,000 associated with convertible notes payable, as well as general and administrative, and sales and marketing expenses incurred.

Liquidity
As of June 30, 2019, we had cash in the amount of $241,000 and other current assets in the amount of $521,000, compared to cash in the amount of $62,000, and other current assets in the amount of $41,000 as of June 30, 2018. 

About LandStar, Inc.
LandStar, Inc. (OTCPK: LDSR), through its wholly owned subsidiary DATA443™ Risk Mitigation, Inc., enables secure data – across local devices, network, cloud, and databases – at rest and in flight. Its suite of products and services is highlighted by: (i) ArcMail, which is a leading provider of simple, secure and cost-effective email and enterprise archiving and management solutions; (ii) ARALOC™, which is a market leading secure, cloud-based platform for the management, protection and distribution of digital content to the desktop and mobile devices, which protects an organization’s confidential content and intellectual property assets from leakage — malicious or accidental — without impacting collaboration between all stakeholders; (iii) ClassiDocs™, the Company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; (iv) ClassiDocs™ for Blockchain, which provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (v) the WordPress GDPR Framework with over 20,000 active users enables organizations of all sizes to comply with the GDPR and other privacy frameworks; (vi) The Virtual Data Protection Officer program that offers a turnkey and outsourced DPO capability for smaller organizations; and, (vii) Data443™ Privacy Manager which enables the full lifecycle of Data Privacy Access Requests, Remediation, Monitoring and Reporting. For more information, please visit http://www.data443.com.

Forward-Looking Statements 
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding LandStar’s plans, objectives, future opportunities for LandStar’s services, future financial performance and operating results and any other statements regarding LandStar’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond LandStar’s control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti-takeover measures in our charter documents. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including under “Part I, Item 1A. Risk Factors”, in our Registration Statement on Form 10 filed with the SEC on January 11, 2019. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Data443™, ClassiDocs™, ARALOC™ are registered trademarks of Data443 Risk Mitigation, Inc.

All product names, trademarks and registered trademarks are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.
All other trademarks cited herein are the property of their respective owners.

For Further Information:
Follow us on Twitter: https://twitter.com/data443Risk
Follow us on Facebook: https://www.facebook.com/data443/
Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
Signup for our Investor Newsletter: https://www.data443.com/investor-relations/

Investor Relations Contact:
Matthew Abenante
Porter, LeVay & Rose, Inc.
data443@plrinvest.com
212.564.4700

///***ClassiDocs™ Classification: PUBLIC ***///

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Blockchain

No Borders, Inc. (OTC: NBDR) Adds Finance Executive Stefan Lloyd to its Strategic Advisory Board

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Phoenix, AZ, Dec. 12, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — No Borders, Inc. (OTC PINK: NBDR) (the “Company”) is pleased to announce it has added Stefan Lloyd as its newest member of the Strategic Advisory Board.

As a globally renowned finance professional, Stefan sits on the Advisory Board of Ekap Aif, a Swedish venture capital firm as well as the Swedish American Chamber of Commerce in Texas and previously at the Institute for Innovation and Entrepreneurship at the University of Texas at Dallas.

Stefan has dual nationalities (Swedish/British) and has spent most of his career in finance ranging from M&A at UBS in the UK to co-founding and co-managing a $700m alternative investment vehicle in London as well as Private Equity and Venture Capital in Dallas prior to joining the No Borders Strategic Advisory Board.

Stefan holds a MSc in Economics and Finance from the University of Gothenburg and is a licensed financial professional as both an RIA and Broker/Dealer in the USA (Series 65, 66, 7 and life-insurance).

“Stefan’s extensive experience in Venture Capital, M&A, Private Equity and alternative investment finance serves to strengthen our global vertical impact strategies throughout our organization,” commented Joseph Snyder, CEO of the Company. “In addition to his impressive professional history I am personally grateful to call Stefan a friend. He is a man of kindness and honor whom I have had the incredible privilege to get to know over the last two years and I am so humbled to have his wisdom, energy and passion on our Strategic Advisory Board.”

Regarding the appointment to the Advisory Board, Mr. Lloyd said: “I’m proud to join the No Borders Strategic Advisory Board, which is full of terrific and capable people that could overcome any challenge. Joe Snyder’s unmatched innovative leadership is structuring an exciting strategy for in-vertical business disruption that includes medical equipment, blockchain technology, hemp CBD products and more. I look forward to contributing to No Borders’ growth and success.”

About No Borders Inc.

No Borders, Inc. (OTC:NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority across its portfolio of assets. The Company’s portfolio of brands includes: 

  •  No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets.
  •  No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies (www.MediDentSupplies.com).
  •   No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security and transparency (www.NoBordersLabs.com).
  •   www.CBDLabChain.com which is a powerful tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate Of Authority (COA) on a blockchain technology platform. With a goal to provide consumers with peace of mind, No Borders Labs designed CBD LabChain to record THC, CBD and other lab test data variants with those results easily accessible via QR code linkage as well as a clear “Results Guaranteed With Blockchain” icon, which can be integrated directly into individual product labels.

No Borders is headquartered in Arizona with resources in the U.S., South America, Asia and Europe. For more information, visit the Company’s website at www.NBDR.co.

 (www.NoBordersNaturals.com);  ON BEHALF OF THE BOARD OF DIRECTORS,

Joseph Snyder

Chief Executive Officer and Director

18716 E. Old Beau Trail

Queen Creek, AZ 85142

(760) 582-5115

Contact: contact@nbdr.co

Source:  No Borders Inc. (NBDR)

OTC PINK: NBDR

This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on No Borders, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to No Borders, Inc.’s anticipated new developments, business prospects, financial performance, strategies and similar matters. No Borders, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Corporate Communications:

NetworkWire (NW)

New York, New York

www.NetworkNewsWire.com

212.418.1217 Office

Editor@NetworkWire.com

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Blockchain

GDET Offered Option to Lease Second Mall-Based Greenery CBD Store Location

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FORT LEE, NJ, Dec. 12, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — GD Entertainment and Technology (OTC: GDET) (“GDET” or the “Company”), an emerging leader in the CBD, Blockchain, and Luxury Retail markets, is excited to announce that the Company is entertaining a tangible offer to expand its “The Greenery” (TheGreeneryCo.com) CBD products physical retail exposure to a second, and larger, mall-based physical store location following positive branding and customer traffic data for its first mall-based physical store location.

“Following an extremely positive experience at the kiosk level at Palisades Center, we have been approached by management at that location and given a priority access option to expand to an additional and larger space in another similar mall,” noted Anil Idnani, CEO of GDET. “The vast bulk of the potential market for CBD products has no idea that they need to navigate to some backwater e-commerce portal to buy CBD-based products. Instead, they are walking around popular shopping areas, browsing for something new and interesting to try – and CBD is that new and interesting possibility. The only way to capture any piece of that market is to be in front of them, out in the world.”

The Company’s first “The Greenery” physical store location opened in late November at Palisades Center in West Nyack, New York, the second-largest shopping mall in the New York metropolitan area and the eighth-largest in the United States. Following a strong debut at this location, the Company has been approached by Palisades Center management with a “first access” offer on an additional 500 square foot store location at a different mall in the state of New York with similar overall characteristics.

The Company continues to believe that a physical store presence in high traffic areas is a winning strategy for brand expansion and sales growth, and perhaps the only means of powerful brand differentiation in the rapidly growing CBD marketplace.

“If we move forward with this second location, it will be because we have run the numbers and the store will more than pay for itself,” continued Mr. Idnani. “At this point, we believe we can be selective and expand as the right opportunities come along. But we also believe that this approach to distribution is on target for this market because we gain an edge in brand exposure that will pay priceless dividends down the road as this marketplace continues to go mainstream over coming quarters.”

About GDET

GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.

Safe Harbor Provision Cautionary statement for purposes of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review GD Entertainment and Technology annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.

Contact:

GD Entertainment and Technology

732-851-3756

anil@gdet.co

www.gdet.co

1 Bridge Plaza

2nd Floor

Fort Lee, NJ 07024

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Blockchain

Fraud Detection and Prevention Market is Poised to Garner $47,903.1 Million by 2024: P&S Intelligence

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Fraud Detection and Prevention Market Research Report: By Offering (Software, Service), Deployment Type (On-Premises, Cloud-Based), Enterprise Size (Large Enterprises, SMEs), Vertical (BFSI, Retail, IT & Telecom, Government/Public Sector, Healthcare, Manufacturing), Application (Identity Theft, Payment Frauds, Money Laundering), Threat Type (Account Takeover and Scanning, Digital Ad Frauds, Content Integrity Scamming, Wire and Automated Clearing House (ACH) Frauds and Card Cracking, Price Scraping, New Account Frauds, Phone Call Frauds, Acquirer and Merchant Frauds)

NEW YORK, Dec. 10, 2019 (GLOBE NEWSWIRE) — According to the market research report published by P&S Intelligence, the global fraud detection and prevention market was valued at $20,614.4 million in 2018, and is projected to surpass $47,903.1 million, advancing at a CAGR of 15.1% during the forecast period (2019–2024). On the basis of application, the payment frauds category held the largest share in the market in 2018, and it is further expected to continue holding the largest share during the forecast period. This can be attributed to the increased volume of electronic payments across the globe, which has led to an increase in fraudulent activities in the payment area.

Get the Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/fraud-detection-and-prevention-market/report-sample

Supply chain management is a complex process for an organization, with the involvement of numerous personnel, parts, and loopholes, where frauds can go undetected. To mitigate the rising fraudulent activities, organizations would showcase interest in blockchain technology, which would enable them to reduce risks via improved transparency and greater traceability. Blockchains are difficult to crack and manipulate, and can only be updated through an agreement among network participants. If a product is digitized on blockchain, it can also be traced back to the origin, since its information is recorded on a distributed and shared ledger.

Based on deployment type, cloud-based deployment of fraud detection and prevention solutions is the prime preference for end users, since this allows them to keep track on operations security in real time and in a relatively convenient manner, as well as store and access vast amounts of data. Furthermore, cloud deployment of these solutions is expected to witness higher demand throughout the forecast period.

Browse report overview with detailed TOC on “Fraud Detection and Prevention Market Research Report: Industry Opportunity Analysis and Growth Forecast to 2024” at: https://www.psmarketresearch.com/market-analysis/fraud-detection-and-prevention-market

Based on platform, the demand for mobile-based fraud detection and prevention software was higher in the market in 2018. Furthermore, during the forecast period, the fraud detection and prevention market in this category is expected to steer with higher CAGR. Fraudsters are increasing their target to mobile users, owing to the massive smartphone penetration, along with consumer shift to mobile banking and social media usage via a mobile-first approach.

Based on vertical, the retail vertical is projected to display the fastest CAGR of 17.5%, during the said period. This can be attributed to improving economies and growing consumer goods market and e-tailing.

Together, North America and APAC are expected to account for 67.5% share in the fraud detection and prevention in 2024. Several types of frauds are increasing across the world; therefore, organizations in many countries are adopting fraud detection and prevention solutions to mitigate these frauds. For instance, in Australia, financial service companies are focusing on adoption of advanced capabilities in terms of fraud management, including accuracy, contextualization, and speed of detection. In Indonesia, emergence of varied payment options across different channels is resulting in an increased complexity in fraud management. Additionally, in India, spurring digitalization in recent years has led to an increasing investment in advanced technologies, such as robotics, AI, ML, and biometrics.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=fraud-detection-and-prevention-market

The global fraud detection and prevention market has a fragmented structure, with the presence of a number of multinational and regional market players. The top 12 players in the market are IBM Corporation, RELX Group, Experian plc, Fiserv Inc., NICE Systems Ltd., ACI Worldwide Inc., Fidelity Information Services, SAS Institute Inc., SAP SE, Oracle Corporation, FICO, and BAE Systems plc. Among key players in the market, there are several software developing companies, including IBM Corporation, SAS Institute Inc., and Oracle Corporation.

The fraud detection and prevention market is witnessing a perpetual change in technological landscape with the rise in innovations and introduction to new fraud types. This is further leading to the accelerating rate of new entrants in the market. Moreover, several strategic alliances among market players would also considerably diversify the market share.

More Reports of ICT And Media By P&S Intelligence

WiGig Market
Together, North America and Europe are expected to account for over 60% share in the WiGig market by 2024, owing to growing BYOD culture in enterprises, developed IT infrastructure, increasing number of smartphone users coupled with growing internet penetration, and well-developed IT & telecom and healthcare industries. 

https://www.psmarketresearch.com/market-analysis/wigig-market

Virtual Mobile Infrastructure Market

The growing healthcare industry is offering immense growth opportunity for the virtual mobile infrastructure market players worldwide. Global healthcare expenditure is expected to grow from $7.7 trillion in 2017 to $10 trillion by 2022.

https://www.psmarketresearch.com/market-analysis/virtual-mobile-infrastructure-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence

Toll-free: +1-888-778-7886 (USA/Canada)

International: +1-347-960-6455

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

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