- What is the name of the public company?
LandStar, Inc. It is a Nevada corporation formed in 1998.
- What is the stock symbol?
The stock symbol (“ticker”) for LandStar, Inc. is LDSR. The shares are listed on the Over-the-Counter/Pink Sheets (OTC PK).
- How is Data443 part of LandStar?
In June, 2018 LandStar acquired Data443, making Data443 a wholly-owned subsidiary of LandStar.
- What does it mean to refer to the “Company”?
The “Company” means LandStar and everything it owns, which includes Data443.
- What is a brief description of the business of the Company?
The objective of the Company is to be a global leader in the cyber data security space. The Company, through its wholly-owned subsidiary Data443, 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 the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks. For more information is available at www.data443.com.
- Where is the Company headquartered?
The Company is headquartered in Raleigh, North Carolina. Raleigh was recently name a “top tech hub for millennials” by Forbes Magazine. The tech sector in Raleigh is growing almost as quickly as it is in Silicon Valley.
- Who are the directors and officers of the Company?
Jason Remillard is the sole board member of the Company. Although assisted by other members of the Company’s management team, Mr. Remillard acts as the Company’s CEO, CFO and COO.
- Can I purchase Data443 stock?
Since Data443 is owned by LandStar, you can’t buy stock directly in Data443. However, you can buy stock in LandStar, which indirectly gives you ownership of Data443.
- How do I purchase Company stock?
Company stock can be purchased through most brokerage accounts, including online brokers. While some brokers will not place orders for “smaller” public companies, most will.
- Does the Company plan to be an SEC reporting company?
The Company plans on once again being a fully reporting SEC company as soon as practicable. The Company is working closely with its auditors to complete the necessary financial audits to include in a filing with the SEC.
- Does the Company have plans to “uplist”?
While no time frame or assurances can be provided, it is the intent of the Company to progressively move (“uplist”) to higher trading markets, culminating in an eventual listing on NASDAQ. We will do all we can to satisfy all requirements as quickly as possible.
- Will the Company have audited financials?
As part of the Company plan to file with the SEC, the Company is actively working with its independent registered public accounting firm to complete the audits required for the Company’s filing. Thereafter, the Company will continue to have audited financials in order to satisfy its filing requirements with the SEC.
- Who has the Company engaged to prepare its audits?
The Company has engaged Thayer ONeal as its independent registered public accounting firm to complete the audits. Contact information is as follows:
101 Parklane Boulevard, Suite 201
Sugar Land, Texas 77478
- What is a stock transfer agent?
A stock transfer agent manages and maintains the records of a company’s shares, and must be registered with the SEC. The agent is responsible for issuing shares of the Company, as well as transferring the ownership of shares from the seller’s name to the buyer’s name. The agent also determines the stockholders of record, ensures all stocks are properly accounted for, and that dividend payments are made to stockholders of record. The transfer agent does not maintain records of shares bought and sold through brokerage accounts; such stock is held in “street name”. Each brokerage firm maintains its own records for the shares bought and sold through it.
- Who is the Company’s transfer agent?
The Company’s transfer agent is Manhattan Transfer Register Company. Our representative is Dean Hough. Contact information is:
Dean T. Hough
Manhattan Transfer Registrar Company
38B Sheep Pasture Road
Port Jefferson, New York 11777
Phone: (631) 928-7655
Fax: (631) 209-8143
- Can the transfer agent help me with issues regarding my shares?
Yes. The transfer is your point of contact for all issues regarding your shares, such as changing an address; replacing a lost or destroyed certificate; and, transferring shares.
- Will the transfer agent release all information to stockholders?
As is common practice, the Company’s transfer agent will only release to a shareholder information which is unique to the particular requesting shareholder. Other information will not be released. However, the Company’s transfer agent has been instructed to provide to OTC Markets updated information about our issued and outstanding shares on a quarterly basis.
- How many shares of the Company’s stock are currently outstanding?
As of August 12, 2018, the Company had 4,447,676,982 share of its common stock issued and outstanding, of which (i) 1,606,347,924 shares were restricted; and, (ii) 2,841,329,058 were free-trading. As of August 12, 2018, the Company had 1,000,000 shares of its Series A Preferred Stock issue and outstanding.
- Why is the shell risk flag still on OTC Markets listing?
You should recall that the Company was previously considered to be a “shell” (a company which has (i) no or nominal operations; and, (ii) no or nominal assets (or, assets consisting mostly of cash). When the Company ceased to be a shell in January, 2018, the designation as a “shell” was removed by OTC Markets. However, it is the policy of OTC Markets to place a ‘shell risk” flag on companies for a period of time after they cease being a shell. We expect that the shell risk flag will be removed by the end of the year.
- What is status of the long-term debt which has been on the Company’s books?
The $125,000 convertible note was reassigned in a private transaction between the existing noteholder and another organization that has had no previous interactions with the Company or Mr. Remillard. The current noteholder has communicated its intent to be supportive of the Company, and expressed its approval of our plan to be a major power in the global cyber data security marketplace.
- What is the story behind the 8-K improperly filed with the SEC on April 6, 2018?
The filing was not authorized by the Company. We believe it was initiated by a former shareholder and advisor to the company. The 8-K purported to present financial statements for the years ended December 31, 2017 and 2016 and included an entry for “long term debt with interest” for $1,000,000 on the balance sheet. We believe there is absolutely no merit whatsoever to the claim. As such, the Company intends to vigorously dispute this claim.
- Who handles investor relations for the Company?
The Company has engaged the firm of Porter, LeVay & Rose to handle investor relations. Our account representative is Matthew Abenante. His contact information is:
PORTER, LeVAY & ROSE, INC.
Porter, LeVay & Rose is a premier full-service investor relations and corporate communications firm that has functioned as a principled and responsible liaison with its clients’ stakeholders for more than 48 years. Porter, LeVay & Rose represents both private and public companies in a wide range of industries, including technology, biotech, medical devices, manufacturing, mining, business services, and retail.
- How can I be notified when new information about the Company becomes available?
All official announcements from the Company will be posted to our mailing list and Twitter Account (@data443Risk). To sign up to be on our mailing list, visit:
- What is the plan to improve the stock price?
We believe that a combination of us growing the business, maintaining our full transparency and regularly updating investors when conditions warrant, and growing our shareholder base, will all lead to a market valuation that’s more in-line to the value of our company.
- Have we already filed for an uplisting?
Once our two-year audit is completed, we will take the necessary steps to move to the QB.
- When is our CEO, Jason Remillard, scheduled to meet with outside investor groups?
We intend on having a busy rest of 2018, which will include multi-city investor roadshows and conferences.
- What purpose does the shareholder conference call satisfy for the company?
Management has made it a firm-wide commitment to provide full transparency in terms of building this business. We wanted to take the opportunity to update shareholders on what we’ve been doing and what we’re working towards for the rest of the year, as well as introducing Data443 to new potential investors.
- Will the Company provide a revenue forecast soon?
Providing forecasts or guidance at this stage of development is a bit early. As the business grows, and revenues become more predictable, we’ll re-evaluate guidance.
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.