Business
LandStar, Inc. Reports Q1 2019 Financial Results and Provides Corporate Update
LandStar, Inc. Reports Q1 2019 Financial Results and Provides Corporate Update.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\nRALEIGH, N.C., May 15, 2019 (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 software company, today filed its Form 10-Q with the U.S. Securities and Exchange Commission (the “SEC”) to disclose its financial results for the first quarter ended March 31, 2019.\n Key Takeaways: Strong billings and positive revenue growthOperational capacity ramping in line with growthInvestment community continues to engage in our storyAccretive product acquisitions continue delivering value Management Commentary:Jason Remillard, Founder of Data443 and CEO of LandStar, commented, “I consider the first quarter 2019 to be the start of our three-phase program to reach the critical scale and revenue volumes that support our aggressive business plan.  As per the results, these capabilities – both product and corporate – are delivering.  Our performance in the first quarter was predicated on the growing demand for our suite of products and services, particularly as data security continues to dominate the news today. \"On the acquisition front, we expect to announce an updated pipeline of new strategic acquisition opportunities during Q2. These acquisitions reflect our efforts to providing additional products and services to our existing and expanding customer base. “Great customer wins, renewals, product and strategic partnerships all helped to round out a great Q1.  I believe we are on the cusp of a major operational inflection point in our business and look forward to the anticipated creation of long-term value for our shareholders and customers,” concluded Mr. Remillard. Business Highlights for First Quarter of 2019 and Year to Date: Signed exclusive global agreement with ArcMail, a leading provider of enterprise information and email archiving solutionsOpened new headquarters office in Research Triangle Park, North CarolinaSEC completed its review of the Company’s Form 10 Registration Statement, and became a fully reporting company, subject to the reporting requirements of the Securities and Exchange CommissionAppointed Steven Dawson as our Chief Financial OfficerSecured numerous ARALOC™ contract renewals, i...