LandStar, Inc.
Announces that Data443 has
Completed
Management
Integration Planning for ARALOC
Acquisition
Specific Focus on Retention,
New Subscriber Growth and continued low COGS
based MRR
Raleigh, NC --
August
9, 2018 -- InvestorsHub
NewsWire -- LandStar, Inc.
(OTCPK:
LDSR)
("LandStar" or the "Company"), the parent company of
Data443 Risk Mitigation,
Inc. ("Data443"), a leading data
security and privacy
company, announced today that the
Company has completed internal management reviews of
technology, customers and marketing strategy.
As previously announced, the
Company has executed a Letter of Intent to acquire
the
Intellectual
Property, Clients, Partnerships
and existing
revenue streams of the ARALOC platform. This week
management
from both organizations coordinated extensively
on major account
reviews, product feature backlog and strategic
partnership options.
"It has been an incredibly
busy and rewarding week for both organizations. The fit from both a
strategic and product perspective line up very well.
This enables our targeted goals of retaining the existing very long
term blue chip customer base that ARALOC has developed and
leveraging our own products such as ClassiDocs and partner products
to leverage our new asset
aggressively," said Jason Remillard, CEO of
LandStar and founder of Data443. "The ARALOC platform also
enables significant high-end SaaS-based cryptographic and Digital
Rights Management capabilities that are in demand worldwide,
a
combination with
other capabilities that is unmatched in the
marketplace."
"We are excited by the sales
channel that Data443 has built in such a short time, especially
with major distribution partners that cover most of the globe.,"
said
Modevity, LLC Co-founder Tom Canova. "Leading product integrations
coupled with an aggressive and well managed inbound marketing
campaign and point investments in
sales staffing are generating the excitement that we expected from
this acquisition."
The increasing regulatory
and privacy focused environment
drives requirements that are increasingly global and available on
myriad platforms but also highly secure and manageable by content
owners and producers. Client demands for strong security-based
architectural and design principals drive platforms such as ARALOC
to the forefront in many product selection and
acceptance engagements. For years the ARALOC team
has been challenged by some of the world's leading cyber security and
engineering client teams and continues to surpass their requirements
as evidenced by long-term client
retention.
"The collaboration between
ARALOC and Data443 towards integration has been seamless thus far,
providing a greater urgency to complete the deal as soon as
possible. Our respective counsels are working on the Asset Purchase
Agreement, which is the last step before closing the
acquisition.", finished Mr.
Remillard.
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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. ClassiDocs, the company's award-winning
data classification and governance technology, provides GDPR
compliance and DSAR management coupled with DLP, CASB, SIEM, and
cloud solutions to provide user-enabled, governance-enabled,
up-to-date security for every data point, every time. The
WordPress-based GDPR Framework enables organizations of all sizes
to comply with the GDPR and other privacy frameworks. ClassiDocs
for Blockchain provides an active implementation for blockchain
transactions from inadvertent disclosure and data leaks.
For more
information, please visit 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 subject to numerous risks and
uncertainties, many of which are beyond LandStar's control, which
could cause actual results to differ materially from the results
expressed or implied by the statements. These risks and
uncertainties include, but are not limited to the operations
of LandStar; 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 in integrating acquisitions; product liability;
cybersecurity risk; and, anti-takeover measures in our charter
documents.
Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained, from time-to-time, in LandStar's filings with the
Securities and Exchange Commission and postings on the OTC Markets
news and information website. LandStar undertakes no obligation to
publicly update or revise any forward-looking statement.
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
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Contacts
Main Press
Contact:
Susan
Payne
susan.payne@data443.com
919.526.1070 Ext.
103
Investor
Relations Contact:
Matthew
Abenante
Porter, LeVay
& Rose, Inc.
data443@plrinvest.com
212.564.4700
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