Global leading purveyor of Secure Data Transport services joins the Data443 team to deliver game-changing Data Privacy, Governance and Compliance service
DALLAS, Sept. 17, 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 announced it has completed the acquisition of DataExpress™, one of the world’s leading vendors for secure sensitive data transfer for hybrid cloud.
- Key value propositions for existing Data443 customer base – including data privacy, sensitive data delivery, storage and fully transparent data transport services
- Hybrid cloud architecture will enable key new business segments, including support for major vendors like Amazon AWS, Microsoft Azure, Alibaba Cloud and others
- Existing flagship customer base key to support continued growth for Data443 in the financial services sector
- Strategic partnerships with major hardware vendors such as HPE™ extend Data443 reach into new segments
- Accretive acquisition delivering over $1.4 million in annual revenues and in excess of $0.8 million of adjusted cash flows
- Total deal valued at $2.8 million in cash, note payable, stock and assumed liabilities
For 28 years, DataExpress™ has provided products and capabilities to the retail and financial services industries that ensure data security, privacy and efficiency across both private and public networks. Their industry leading HPE™ DataExpress™ for NonStop and SaaS product DataExpress Open Platform, both schedule, route, format, securely transfer and track all forms of data at every step of the process.
DataExpress products are capable of moving increasingly more terabytes of data a day in financial transaction data for leading banks, insurance, retail and utilities providers, and is well-positioned for healthcare, telecom and media environments. Data transfers continue to increase in volume, causing greater risk, sensitivity and overall value to organizations.
“We are exceptionally pleased to complete this acquisition, which provides our customers the additional capabilities of the DataExpress™ product line. Data is a critical asset for any organization and increasingly it is at risk – at rest and more so while in transit. We feel this is a major anchor for our product line and a significant competitive differentiator,” said Jason Remillard, CEO of LandStar, Inc. and founder of Data443. “To be compliant with regulations like Sarbanes-Oxley, GDPR, CCPA, HIPAA – you need capabilities like DataExpress. Our competitors recommend these capabilities – we have them. The DataExpress asset acquisition is yet another milestone in delivering Data443’s vision of a complete data privacy, security and governance ecosystem that is unique and unrivalled in the marketplace.”
The sensitive data and file transfer market continues to rapidly expand and is anticipated to grow to $2.3B by 2026 with a CAGR of 7.9% according to Transparency Market Research. Factors contributing to the tremendous market growth include global data security regulations and escalating sophistication of malicious attacks on vulnerable endpoints, devices and networks. This growth is supported by the entrance of major players in the file and data transfer space including Dropbox, Microsoft OneDrive, Google Drive and Box. Taking market share from incumbents like Barracuda, SolarWinds and Ipswitch will be accelerated by the addition of data privacy and governance capabilities within Data443’s combined product suite.
“We are excited to join the Data443 team at this critical time for data privacy, governance and security,” said Billy Whittington, co-founder and CEO of DataExpress. “Never has security for data in flight been more important – we feel our time has come and this is the perfect avenue for our team to leverage our knowledge, product and customer base. Our product is superbly engineered, right-sized for all types of cloud requirements and myriad privacy, encryption and data protection requirements – just the sort of capabilities that Data443 champions on a daily basis. This cadence, stance and methodology is exactly what we’ve been looking for as a group, and we are excited to engage on this new data security challenge we have in front of us.”
The Company has already added the product line to its existing sales and marketing plan. Its existing distributors and partners will be trained on the platform and the distributed system will be offered to the existing hybrid services offering clients for both archiving and data movement services via its on premises and cloud product line. Additionally, forthcoming cloud and private cloud offerings will leverage the DX-Open Platform product line.
The company expects to complete staff and major back office integration efforts during Q4 2019.
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) Data443 Privacy Manager™, which is integrated with ClassiDocs to do the delivery portions of GDPR and CCPA as well as process Data Privacy Access Requests – removal request – with inventory by ClassiDocs; enables the full lifecycle of Data Privacy Access Requests, Remediation, Monitoring and Reporting; (vi) Data443 Protect™, which provides nearly instant Cloud-deployed Data Loss Prevention capabilities with false positive rates unmatched enabled by ClassiDocs™; (vii) the Data443 Virtual Data Protection Officer program that offers a turnkey and outsourced DPO capability for smaller organizations; (viii) DATAEXPRESS™, the leading Data transport, transformation and delivery product trusted by leading financial organizations worldwide; and (ix) the WordPress GDPR Framework with over 20,000 active users enables organizations of all sizes to comply with the GDPR and other privacy frameworks. For more information, please visit http://www.data443.com.
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 and amended on April 24, 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™ and DATAEXPRESS™ 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.
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Investor Relations Contact:
Porter, LeVay & Rose, Inc.
///***ClassiDocs™ Classification: PUBLIC ***///
WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results
WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results
WISeKey Continued its Focus on Cybersecurity/IoT, ICT infrastructure and smart devices, boosting the efficiency and quality of its operations
Company expects to end the year with positive net income: H1 2019 net income was $21.8 million
ZUG, Switzerland- October 18, 2019– WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announced today that its consolidated preliminary revenue for the 9 month-period ending September 30, 2019 (“Q3YTD 2019”) is expected to be approximately $18.7 million (unaudited).
First 9 Months 2019 Highlights
·Cash and cash equivalents together with restricted cash increased to $19.2 million at September 30, 2019 as compared to $9.8 million at December 31, 2018.
- Company expects to report positive net income for FY 2019 following a H1 2019 net income of $21.8 million, mainly due to the $31.1 million gain generated from the sale of its SSL/TLS PKI business.
- Q3YTD 2019 consolidated preliminary revenue was $18.7 million, including $16.7 million from our continuing operations, following the sale of our SSL/TLS PKI business in Q1 2019.
- Submitted a second confidential draft registration statement on Form 20-F under the U.S. Securities Exchange Act of 1934 to the U.S. Securities and Exchange Commission (SEC), following the board of directors’ approval of a proposed listing of its Class B Shares in the form of American Depositary Shares on a U.S. Stock Exchange.
Q3 2019 Business Highlights
- Established WISeKey Arabia, a JV with Saudi Advanced Technologies Company Ltd, a wholly owned company of E.A. Juffali & Brothers and localized its cybersecurity and IoT offerings in the Middle East.
- Adapted its U.S. patent. No. 7,898,422 for an anti-counterfeiting NFC device designed to protect the pharmaceutical industry from the escalating counterfeit problem which is causing damage to these companies and putting lives at risk (see list of U.S. patents here).
- Released NanoSeal®, a new microprocessor the: WISeKey’s NanoSealRT is the only NFC Forum Type 5 chip for tags which offers a patent-pending authentication algorithm based on NFC Data Exchange Format (NDEF) that works with both Android and IOS 12 devices, namely more than 2 billion NFC enabled devices. Its tamper/opening detection is a plus when it comes to enriching the consumer experience and reach. The communication with the object is simplified from the manufacturing plant to the field thanks to a powerful ISO15693 compatible interface.
- Expanded its partnership with Microsoft Corporation: all members of the Cybersecurity TechAccord are expanding their partnership on initiatives that improve the security, stability and resilience of cyberspace.
- Announced partnership with Oracle: WISeKey Blockchain Identity technology became one of Oracle’s first external trusted identity providers, allowing clients to securely add data onto the Oracle Blockchain Platform using the WISeKey cryptographic key infrastructure.
- Reinforced its penetration in the Chinese technology market: WISeKey’s Root of Trust was accredited by 360 Security Browser to provide Trusted SSL Services in China. 360 Security Browser is the leading internet browser solution in China, with an estimated user base superior to 400 million active users and a market penetration close to 70%, according to CNZZ.
- Signed a perpetual license agreement with Daimler AG (“Daimler”), one of the world’s most successful automotive companies, for certain components of its ISTANA PKI platform with first payment of $2.5 million
- Joined forces with OpSec Security IoT leader on Brand Protection and Authentication of IoT EcoSystems.
- WISeKey Blockchain Centers of Excellence: WISeKey in cooperation with the Blockchain Research Institute (BRI) is creating a number of interconnected Blockchain Centers of Excellence around the world, to facilitate the rapid adaptation and on-boarding of blockchain-based solutions and foster stronger collaboration between the public, private and academic sectors. Each center purchases technologies and licenses from WISeKey.
- Strategic partnership with Chinese CoinID New Mingwah, a World leading bank-level Blockchain security technology company to integrate CoinID wallet into WISeID and deploy in China. WISeCoin AG and Coinx8 Ltd have entered into a partnership to jointly foster their respective crypto tokens WIS and CXE in Asia, MEA and Europe using www.CoinX.pro Exchange.
- New agreements for the smart car, pharmaceutical and fintech industries, and consumer products which, in the aggregate, are broadening the ecosystem of WISeKey’s IoT chips.
- Stronger cybersecurity offering of proprietary solutions, increased footprint and further new customer acquisitions.
- Continued investments in IoT Security, with strong industry-specific partnerships.
- Further enhancements of the vertical platform for the IoT through the establishment of partnerships with leading players in the IoT domain.
- Expansion of patent portfolio with new IP and patents with the aggregation of 39 IoT / Semiconductors patent families (more than 200 patents in total) to its portfolio (https://www.wisekey.com/patents/).
- WISeKey closed the acquisition of a 22% interest, through a multi-million USD transaction, in Tarmin Inc. (“Tarmin”), a Boston, Massachusetts based leading pioneer of Data & Software Defined Infrastructure delivering a massively scalable, transparent and unified approach for consistent data management, storage, retention, security and search across cloud and traditional storage infrastructure.
Second SEC confidential draft registration statement
Following the board of directors’ approval of a proposed listing of its Class B Shares in the form of American Depositary Shares on a U.S. Stock Exchange, WISeKey has submitted a second confidential draft registration statement on Form 20-F under the U.S. Securities Exchange Act of 1934 to the U.S. Securities and Exchange Commission (SEC).
A registration statement is a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with the listing of its shares on a U.S. stock exchange.
No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process.
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
Press and investor contacts:
|WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
|WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
GCT a Leader in Container Terminal Innovation Joins TradeLens
Vancouver, BC, Canada, Oct. 17, 2019 (GLOBE NEWSWIRE) — Global Container Terminals Inc. (GCT), a leading container terminal operator in North America has joined the TradeLens supply chain platform, underpinned by blockchain technology.
GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.
In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal, providing the most efficient ship-to-rail discharge facility worldwide, and GCT Vanterm is among the most productive terminals on the continent.
In the Port of New York and New Jersey, GCT USA boasts the fastest truck processing and vessel productivity in the harbor. GCT New York is a full service facility offering near-dock CES operations, on-terminal warehousing, and unique customer solutions. GCT Bayonne pioneered truck appointments on the East Coast using the latest technology, providing consistent and reliable turn-times. Both USA terminals offer first and last port-of-call intermodal advantage with their on-dock rail facilities.
By joining TradeLens, GCT is ready to securely connect with supply chain partners including ocean carriers, beneficial cargo owners, and railways. The TradeLens technology platform provides end-to-end supply chain information, facilitating seamless data sharing, collaboration and improved trade flows.
“GCT remains committed to leading in innovation, value and safety. Joining a technology platform like TradeLens only adds to our capability to deliver best-in-class service and visibility to our supply chain partners,” said Doron Grosman, President & CEO of GCT. ”As competition increases from other ports and customer demands intensify, we need to activate every solution to increase cargo velocity through our terminals and improve performance.”
“We are thrilled to have GCT join TradeLens and connect to a flexible business platform designed to spur innovation. Integrating data with ports, terminals, logistics providers, shippers, and carriers is essential for the vision of TradeLens to realize new ways of working within a collaborative industry ecosystem. GCT’s connection to TradeLens strengthens this new era of transparency and collaboration for the global supply chain.” Mike White, CEO of Maersk GTD and Head of TradeLens.
TradeLens is rapidly expanding with five of the world’s top six ocean carriers and ten of GCT’s ocean carrier customers committed to the TradeLens platform. GCT is proud to join this leading global trade collaboration.
“We are pleased to see more leading organizations from across the shipping industry sign on to the platform. As TradeLens evolves, it is critical more supply chain partners participate to facilitate an open and transparent approach to information sharing. This enhanced level of visibility and efficiency will ultimately benefit the entire industry and our customers.” Eyal Ben-Amram, CIO of ZIM.
The program will be rolled out in phases at all four of GCT’s terminals adding visibility to the east and west coasts of North America.
About GCT Global Container Terminals Inc.
Headquartered in Vancouver, BC, GCT Global Container Terminals Inc. operates four Green Marine certified terminals in two principal North American ports. Through GCT USA on the East Coast, the company operates two award-winning facilities: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ. On the West Coast, GCT Canada operates two gateway terminals: GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC. Visit http://www.globalterminals.com or follow us @BigShipReady to find out more about GCT.
TradeLens is an open and neutral industry platform for global trade, underpinned by blockchain technology and supported by major industry players. The platform promotes a more efficient, predictable and secure exchange of information in order to foster greater collaboration and trust across the global supply chain.
CONTACT: Jennifer Perih GCT Global Container Terminals Inc. +1 604 267 5102 email@example.com Ben Haddock, Marketing Manager Maersk GTD Mobile: +1 305 439 0177 Office: +1 551 256 9353
Investview (OTCQB: INVU) to Hold Live Webinar to Review Its Recently Announced Exchange Offer for Preferred Stock
Eatontown, NJ, Oct. 17, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Investview Corporation (OTCQB: INVU) will be holding a live webinar to review the details of its Exchange Offer announced on October 8th, 2019.
The webinar will be held on:
EXCHANGE OFFER FOR PREFERRED STOCK OVERVIEW
OCTOBER 23rd, 2019
4:30 PM Eastern
To register for the webinar please visit:
The Company has prepared the live presentation to provide information and detail on the offering to all current and potential shareholders. All current shareholders should attend along with the general public who may have an interest in the Company and its Exchange Offer.
For more information and to review recent announcements, please visit investview.com
About Investview, Inc.
Investview, Inc. is a diversified technology company leveraging the latest innovations in technology for financial education, services and interactive tools. Investview’s family of subsidiaries focus on delivering products that serve individuals around the world. From personal money management, to advancement in blockchain technologies, Investview companies are forging a path for individuals to take advantage of financial and technical innovations. For more information on Investview and all of its wholly owned subsidiaries please visit: investview.com
Certain statements in this press release may constitute “forward-looking statements”. When the words “believes,” “expects,” “plans,” “projects,” “estimates,” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on Management’s current beliefs and assumptions and information currently available to Management and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
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