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RALEIGH, N.C., Aug. 09, 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, 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.
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.
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.
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