LandStar,
Inc.
Closes
Recurring
Revenue,
High
Margin Generating Acquisition In
$8 Billion Data Security Market Segment
Third Completed
Acquisition
in 2018
Brings Monthly Recurring Revenue, EBIT Contribution
and
Blue-Chip Clientele into Data443
RALEIGH, N.C.
-- October 24, 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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