Becomes Fully SEC Reporting Company – Continues on Business & Product Roadmap
RALEIGH, N.C., March 14, 2019 – 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, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) has become effective as of March 12, 2019.
Following the effective date, the Company will be subject to the reporting requirements of the SEC, and specifically of the Exchange Act of 1934, as amended. This means the Company will be begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K, and subject itself to additional reporting obligations related to proxies, shareholder actions and stock ownership rules. The Company will soon timely file its Annual Report on Form 10-K for the year ended December 31, 2018.
The Form 10 filing provided investors detailed and audited information about the Company’s operations, including an overview of the business strategies, risk factors, and financial statements. The ongoing obligation to timely file with the SEC will help the Company’s new and current investors make more informed and educated investment decisions about the Company. A copy of the Form 10 is available at www.sec.govunder the name of LandStar, Inc.
Jason Remillard, Chief Executive Officer of the Company and founder of Data443, said, “We are excited to announce that our Form 10 Registration Statement is effective, and we are now a fully SEC reporting company. This is an important and essential step in our continued progress to achieve an uplisting to a national exchange. It also underscores our commitment to provide our investors with transparency and accountability.”
“We have had an amazing start to 2019. We’ve continued to see strong subscription renewals of key customers, as well as continuing to grow our global partnership agreements. We also closed the ArcMail transaction that adds their exceptional enterprise information and email archiving software solutions to our growing suite of products and services. We’ve had the opportunity to spend time with several of our partners at the recent RSA 2019 Security Conference. These partners represent hundreds of salespeople worldwide that are actively engaging their customers with our growing product channel offerings. While we still have much to do, today’s announcement is a true testament to all the work our team has done in growing our business. We continue to invest and expand our efforts that increase our corporate visibility to our investor base. We expect to gain access to more efficient equity capital markets while making our stock available to institutional investors previously unable to be involved with our exciting Data Privacy Software offerings.”, concluded Mr. Remillard.
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About LandStar, Inc.
LandStar, Inc. (OTCPK: LDSR), through its wholly owned subsidiary DATA443™ Risk Mitigation, Inc., provides SaaS-based software solutions that secure data – across local devices, network, cloud, and databases – at rest and in flight. Its expanding suite of software products is highlighted by: (i) ArcMail, which is a leading provider of simple, secure and cost-effective enterprise data retention management, archiving and management solutions; (ii) ARALOC™, which is a market leading secure, cloud-based platform for the management, protection and distribution of digital content to the desktop and mobile devices, which protects an organization’s confidential content and intellectual property assets from leakage — malicious or accidental — without impacting collaboration between all stakeholders; (iii) ClassiDocs™, the Company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; (iv) ClassiDocs™ for Blockchain, which provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; and, (v) the WordPress GDPR Framework with over 20,000 active site owners, enables organizations of all sizes to comply with the GDPR and other privacy frameworks. For more information, please visit http://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. These and other important risk factors are described more fully in our reports and other documents filed with the Securities and Exchange Commission (“the SEC”), including under “Part I, Item 1A. Risk Factors”, in our Registration Statement on Form 10 filed with the SEC on January 11, 2019.
Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
Data443™, ClassiDocs™ and ARALOC™ are registered trademarks of Data443 Risk Mitigation, Inc.
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