LandStar, Inc. Provides Shareholder and Business Update
RALEIGH, N.C., Sept. 13, 2018 (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 company, is pleased to announce the following business updates.
PROGRESS UPDATE ON TWO-YEAR AUDIT PROGRESSJason Remillard, Chief Executive Officer of LandStar and founder of Data443, commented, “We are in the final stretch of completing our two-year audit. As a reminder, this audit consists of compiling three companies within the audit (Landstar, Data443 and Myriad Software – the parent of ClassiDocs). Once completed, we anticipate filing uplisting paperwork shortly thereafter.
PROGRESS UPDATE ON ARALOC ACQUISITION“As promised, it’s been a very busy second half of 2018 for the Company. Closing on the ARALOC acquisition is now at the final contract stage with our respective counsels and is still scheduled to close by the end of the month. As I mentioned last month, we’ve already completed internal management reviews of technology, customers and marketing strategy. Frankly, I can only hope all our future acquisitions bring the synergy and cooperation that working with ARALOC has over the past several weeks.
PROGRESS UPDATE ON INVESTOR ROADSOW “Planning for our first investor road show is going well; I’m looking forward to telling the Data443 story to a wide variety of seasoned investors and investor groups. I’m excited to see the interest thus far, particularly from those investors familiar with our business. In addition, we’ve begun identifying and applying to several investor-oriented conferences and will announce our participation in these as they develop.
UPDATE ON HEADLIGHT INTERNATIONAL 2018 CONFERENCE“Currently, our team is on the ground already having meetings and proof of concepts demonstrations in Bulgaria, leading up to the second international conference on information security for partners of Headtechnology Group – Headlight International 2018: Security in the Unsecure World (September 13-15, 2018). We announced our partnership with Headtechnology Group earlier this year and look forward to bolstering our presence to customers from the 30 countries and emerging markets served by Headtechnology Group.
WORDPRESS GDPR FRAMEWORK UPDATE“We also had an updated release for our WordPress GDPR Framework plugin – our second in three weeks. We’ve seen a solid number of downloads, with no support tickets outstanding thus far. I anticipate that our next release will include ClassiDocs capabilities.
SAFETY UPDATES“Finally, with Hurricane Florence approaching our area, I wanted to wish everyone the very best. Our team members that are in the area are already safely hunkered down and with their families. Recovery and offsite management are in place, so I don’t anticipate business disruptions,” concluded Mr. Remillard.
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.
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