LDSR - LandStar Inc Closes Recurring Revenue High Margin Generating Acquisition In $8 Billion Data Security Market Segment
26 October 2018 - 12:09AM
InvestorsHub NewsWire
Third Completed
Acquisition in 2018 Brings Monthly Recurring Revenue, EBIT
Contribution and Blue-Chip Clientele into
Data443
RALEIGH, N.C. -- October
25, 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 the closing of the ARALOC™
acquisition.
Jason Remillard, Chief
Executive Officer of LandStar and founder of Data443, commented,
“We have closed the ARALOC deal and continue to extend our lead as
the top Privacy Compliance product suite in the market. The
acquisition of ARALOC adds an unmatchable capability to our growing
portfolio of cloud, data and security services to meet the rapidly
expanding consumer privacy market. Demand for consumer
privacy solutions was ignited when congressional testimony brought
to light the personal privacy violations inherent within the
internet customer relationship practices of Fortune 500 companies
like Facebook. LandStar is in a position to dominate that
demand.”
The combined operations of
the ARALOC™ platform provided
(unaudited) EBIT contribution of approximately $500K USD in 2017 on
roughly $600K in revenue. Extending the ARALOC
technology to ClassiDocs and the 10,000+ existing active users of
the WordPress GDPR (General Data Protection Regulation) Framework
greatly expands the customer opportunity base for
ARALOC.
“ARALOC delivers solid
recurring revenue, exceptional margins and existing blue-chip
customers and a substantial customer prospect list. When
combined with the DATA443 distribution partners and over 40 channel
partners, we are well positioned to take advantage of the growing
opportunity in data security and privacy”, continued
Remillard.
The spending for the
California Privacy Act (and expected US-Wide implementation) is
expected to reach multiples of the $8B already spent by EU
companies readying for the GDPR. Data443 is positioning to
take advantage of this with an all-encompassing Privacy Management
& Governance capability.
ARALOC natively supports 4
articles of the GDPR – adding to Data443’s industry-leading support
of 12 of the requirements. ARALOC is an industry-leading
secure digital content distribution and communications platform
that protects an organization’s confidential content and
intellectual property assets from leakage – malicious or accidental
– while enhancing communications and collaboration between all
stakeholders.
ARALOC successfully competes in the
growing Board Portal
Software marketplace with Diligent,
NASDAQ Boardvantage, BoardPaq and others. ARALOC has been included
in numerous technology analyst recommendations since inception and
is recognized as one of the industry’s first products to deliver on
a SaaS-based approach with full encryption and digital rights
management for type of digital content. Numerous global,
multi-billion-dollar companies have regularly depended on ARALOC
and its capabilities for over a
decade.
LDSR Analyst Speculative
Buy Recommendation
Goldman Small Cap
Research, a stock market research firm specializing in the small
cap and microcap sectors, released a new research report earlier
this week on LandStar, Inc’s cybersecurity rollout progress and
strategy. The report recommended a speculative buy
position. To view the report, along with disclosures and
disclaimers, visit http://www.GoldmanResearch.com
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
Investor
Relations Contact:
Matthew Abenante
Porter, LeVay & Rose, Inc.
data443@plrinvest.com
212.564.4700
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