Business
LandStar Inc. Reports Results for Second Quarter 2019
LandStar Inc. Reports Results for Second Quarter 2019.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\nRALEIGH, N.C., Aug. 14, 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 three and six month periods ending June 30, 2019.\n Key Takeaways: Continued billing and subscription revenue growthPrivacy, Security and Governance continue to be leading storiesStage set for H2-2019 Privacy Product LaunchesFull pipeline of RFPs, PoCs – Customer Conversions to Hybrid-Cloud Management Commentary:Jason Remillard, Founder of Data443 and CEO of LandStar, commented, “As our second-quarter results confirm, we are making progress on our plan to accelerate high-margin, recurring revenue into our business. We believe the large and growing addressable markets we operate in provides us with substantial runway for continued expansion. Strong execution and our focus on building deep customer relationships have driven customer renewals, which is of critical importance when integrating our current and planned acquisitions.  Our recent contract awards combined with the elevated level of proposal activity sustains our optimism for further growth. \"On the acquisition front, we are excited to strengthen our capabilities with the strategic acquisition of DataExpress, which we expect to close in the third quarter of 2019. This acquisition will allow us to adopt a larger footprint into the retail and financial services industries, where data transfer activity continues to increase in volume, risk, sensitivity and overall value to the organizations. We intend to make additional prudent acquisitions that meet our strategic goals of increasing our customer base, expanding our service capabilities, and achieving high margin recurring revenue. \"As we look to the second half of the year, we still have plenty of work ahead in converting and increasing our new business pipeline. Our comprehensive portfolio of products and services, strong partnerships, nimble structure and depth of expertise, position Data443 to drive growth and deliver value for our clients and shareholders,” concluded Mr. Remillard. Business...