DATA443 PROVIDES AN UPDATE ON ITS NASDAQ EXCHANGE LISTING EFFORTS
Continuous progress on the business plan and the Major milestones reached
RESEARCH TRIANGLE PARK, NC, October 04, 2021 (GLOBE NEWSWIRE) – Data443 Risk Mitigation, Inc. (âData443â or the âCompanyâ) (OTCPK: ATDS), a leading provider of data security and privacy software, is pleased to announce that it is now moving forward with its recently accepted application for listing on the Nasdaq Stock Market (“Nasdaq”) .
As part of its application, the Company engaged Donohoe Advisory Associates LLC (www.donohoeadvisory.com), a well-known consulting firm with a long history of assisting companies to obtain a stock exchange listing in the United States. The Company completed its reverse stock split on July 1, 2021, as part of its efforts to become eligible for listing on the Nasdaq. As a result, the Nasdaq accepted the Company’s listing request. While there can be no assurance that the Nasdaq will approve the Company’s request, the Company is committed to responding in a timely and complete manner to all Nasdaq requests for information.
The Company continues to list on the Nasdaq as part of its commitment to increase shareholder value and enhance its investor profile. The app also serves as an integral step towards accelerating the Company’s business strategy to attract institutional and retail investors and better fund its aggressive acquisition schedule.
Jason Remillard, CEO and Founder of Data443, commented, âWe are delighted to continue on our path to being listed on Nasdaq. It would be another milestone, and certainly not our final destination, on a journey that began just three years ago. We have always viewed our business as an investment equal to that of our much larger competitors, and a Nasdaq listing would help put us on that same level. This would then serve as a starting point to outperform our competitors and deliver even more value to our investors, many of whom have been with us for three years. “
In anticipation of filing the registration application, Data443 filed a registration statement with the Securities and Exchange Commission (âSECâ) on June 4, 2021. The SEC has informed the company that the SEC will not undertake a further examination of the registration statement, paving the way for the effectiveness of the registration statement and the capital increase that would be conditional on a Nasdaq listing, which remains subject to review and approval and satisfaction of all applicable registration and regulatory requirements. No guarantee can be given that the request will be approved. During the Nasdaq review process, the Company expects its common shares to continue to trade and list on the Pink Current Information Tier of the over-the-counter markets under the symbol ATDS.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is an industry leader in All Things data securityâ¢, providing software and services to secure data on local devices, network, cloud and databases, at rest and in flight. Its range of products and services is distinguished by:
(i) Data443Â® Ransomware Recovery Managerâ¢, designed for the modern enterprise, its capabilities are designed to restore a workstation immediately after infection to the last known operational state, without any effort from the end user or IT administrator;
(ii) Responsible for data identificationâ¢ (previously marketed as ClassiDocsâ¢ and FileFacetsÂ®), the company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance in a Software-as-a-Service (SaaS) platform that performs sophisticated data discovery and a search for structured and unstructured data content within corporate networks, servers, content management systems, email, desktops and laptops;
(iii) Data archive managerâ¢ (previously marketed as ArcMailÂ®), a leading provider of simple, secure and cost-effective enterprise data management, archiving and retention management solutions;
(iv) Responsive content managerâ¢ (previously marketed as ARALOCâ¢), a secure, cloud-based, market-leading platform for the management, protection and distribution of digital content on desktops and mobile devices that protects confidential content and intellectual property assets. ” an organization against leaks – malicious or accidental – without affecting the collaboration between all stakeholders;
(v) Data Placement Managerâ¢ (previously marketed under the name DATAEXPRESSÂ®), the leading data transport, transformation and delivery product trusted by leading financial organizations around the world;
(vi) Access control managerâ¢ (formerly marketed as Access Resilientâ¢), enables fine-grained access controls across a myriad of large-scale platforms for internal client systems and commercial public cloud platforms such as Salesforce, Box.Net, Google G Suite, Microsoft OneDrive, and others;
(vii) Responsible for data identificationâ¢ (previously marketed as ClassiDocsâ¢) for Blockchain, provides an active implementation for Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leakage;
(viii) Data443Â® Global Privacy Officerâ¢, the privacy compliance and consumer loss mitigation platform that is integrated with Data Identification Manager to perform the delivery parts of GDPR and CCPA as well as to process data privacy access requests – deletion request – with inventory allows the full lifecycle of data privacy access requests, remediation, monitoring and reporting;
(ix) IntellyWP, a leading provider of webmaster user experience enhancement products for the world’s largest content management platform, WordPress;
(x) Data443Â® Chat History Scanner, which scans chat messages for compliance, security, PII, PI, PCI, and custom keywords; and
(xi) GDPR frameworkâ¢, CCPA Frameworkâ¢ and LGPD frameworkâ¢ WordPress plugins, with over 30,000 active site owners combined, enable organizations of all sizes to comply with European, California and Brazilian privacy rules and regulations.
For more information, please visit http://www.data443.com.
Statements in this press release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as âmayâ, âwillâ, âcouldâ, âshouldâ, “” Of of of of. of of of. . . . to identify these forward-looking statements. Statements in this press release that are not historical statements, including statements regarding plans, objectives, future opportunities for Data443 services, future financial performance and operating results and any other statements Regarding Data443’s expectations, beliefs, plans, objectives, future financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and assumptions, many of which are beyond Data443’s control, and which could cause actual results to differ materially from the results expressed or implied by statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, the results of litigation, settlements and investigations; actions of third parties, including government agencies; volatility of customer spending; global economic conditions; ability to hire and retain staff; loss or reduction of business with key customers; difficulty in growing and integrating acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of respiratory illness caused by the 2019 novel coronavirus which was recently named by the World Health Organization as COVID-19. These and other important risk factors are described in more detail in our reports and other filings with the Securities and Exchange Commission (âthe SECâ), including under (i) âPart I, Section 1A. Risk Factors âin our Form 10 registration statement filed with the SEC on January 11, 2019 and amended on April 24, 2019; (ii) âPart I, Article 1A. Risk Factors âin our Annual Report on Form 10-K filed with the SEC on March 23, 2021; and, (iii) subsequent deposits. We should not place undue reliance on any forward-looking statements contained in this press release, which are based on information available to us as of the date hereof. Unless otherwise provided by applicable law, we do not undertake to update or revise any forward-looking statements publicly, whether as a result of new information, future events or otherwise.
Data443â¢ logo, ClassiDocsâ¢ logo, ARALOCâ¢ logo, ARCMAILÂ®, DATAEXPRESSÂ® and FILEFACETSÂ® are all registered trademarks of Data443 Risk Mitigation, Inc.
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