Business
Data443 Risk Mitigation Reports Operating Results For the Year Ended December 31, 2019
Data443 Risk Mitigation Reports Operating Results For the Year Ended December 31, 2019.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\n RALEIGH, N.C., April 20, 2020 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leading data security and privacy software company, today announced operating results for the year ended December 31, 2019: Recent Business Highlights: Launched Global Privacy Manager™ the industry’s only end-to-end privacy compliance, governance and consumer loss-mitigation platformExecuted letter of intent to acquire the assets and customer base of Internet Software Sciences with over 100,000 installations and over 1 million end users worldwide from corporations, educational institutions, non-profits and government agenciesAnnounced series of transactions with convertible note holders to reduce short-term debt and potential dilution to shareholdersCompleted the cancelation of 2,000,000 common shares as part of a previous litigation settlement Business Highlights for the Fourth Quarter of 2019: Announced major client win - a leading global payments technology company that operates in over 200 countries and territories worldwide, within DataExpress™ NonStop (DXNS) Secure Managed File Transfer ServiceCompleted the acquisition of DataExpress™, one of the world’s leading vendors for secure sensitive data transfer for the hybrid cloudCompleted a series of significant corporate milestones, including formal name change to “Data443 Risk Mitigation,” ticker change to “ATDS,” and reverse stock split Management Commentary:Jason Remillard, CEO of Data443, commented, “2019 is in the books as a watershed year for the company.  We delivered strong results that were on target and to our forecasts.  We continue to make solid progress toward achieving our long-term goals in delivering a complete data privacy, security and governance ecosystem that is unique and unrivaled in the marketplace. Our product portfolio continues to deliver value to the marketplace and provide diversified revenue streams for the company – especially valuable particularly at these challenging times.  Continued high margin-based product lines are contributing to our growing bottom line. 2019 represents these roll up businesses reporting only approximately 1.5 and 2.75 quarters contributing for the fiscal – thus enabling for significant expected contributions for 2020.” “We hav...