Company Continues to Prepare for Up-list to Senior
Exchange
RESEARCH TRIANGLE PARK, NC -- December 9, 2020 -- InvestorsHub
NewsWire -- Data443 Risk Mitigation, Inc. (OTCPK:
ATDS), the leading data security and privacy software company
for ALL THINGS DATA SECURITY™, is pleased to announce an agreement
with four of the Company’s largest investors under which they will
not exercise any conversion rights for the next sixty (60) days.
This represents over 83% of the total convertible debt issued by
the Company, and the amount of convertible debt available for
conversion over the next 60-days. The agreement can be extended an
additional 30-days upon the mutual agreement of the four parties.
All other terms and conditions of the lender’s convertible
promissory note remain in place.
Jason Remillard, CEO of Data443 commented, “We appreciate the
ongoing commitment of our largest investors, and their expressions
of confidence in our ability to execute on our strategic plan.
Their agreement to effectively stand-down for 60-days and not
exercise any conversions gives us needed runway to stay
laser-focused. Keep in mind that over the last 12-months the
Company has reduced its debt by over $3.2 million dollars. With no
conversions for the next 60-days by these investors, we can
continue to prepare for an up-list of our stock to a senior
exchange, while taking actions to continue to decrease our
derivative liabilities, working to reduce our debt with direct cash
and equity paydowns, and continue to expand our business.”
Remillard added, “Our lead investors and lenders have always
worked with us to support our efforts towards building a stronger
company, one which is destined to be an industry leader. We look
forward to continuing our work with them in a collaborative manner
to restructure our outstanding debt and build a more sustainable
capital structure.”
“While our team has worked extremely hard on expanding our
business, I believe everyone, including our stockholders and our
funding partners, will be rewarded for these efforts. Their
investments in Data443, both initially and continued, expresses
that belief. This is demonstrated in our continued growth in
customers, rapid adoption of our business-critical products in the
marketplace, and quarter on quarter revenue growth in very
challenging conditions. We would like to thank all of our
stakeholders for their continued efforts and support.”
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK:
ATDS), is the de facto industry leader in Data Privacy
Solutions for All Things Data Security™, providing software and
services to enable secure data across local devices, network,
cloud, and databases, at rest and in flight. Its suite of products
and services is highlighted by: (i) 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; (ii) DATAEXPRESS®, the leading data
transport, transformation and delivery product trusted by leading
financial organizations worldwide; (iii) ArcMail™, which
is a leading provider of simple, secure and cost-effective email
and enterprise archiving and management solutions; (iv)
ClassiDocs® the Company’s award-winning data
classification and governance technology, which supports CCPA,
LGPD, and GDPR compliance; (v) ClassiDocs™ for
Blockchain, which provides an active implementation for the Ripple
XRP that protects blockchain transactions from inadvertent
disclosure and data leaks; (vi) Data443® Global
Privacy Manager, the privacy compliance and consumer loss
mitigation platform which is integrated with
ClassiDocs™ to do the delivery portions of GDPR and
CCPA as well as process Data Privacy Access Requests – removal
request – with inventory by ClassiDocs™; (vii) Resilient
AccessTM, which enables fine-grained access controls
across myriad platforms at scale for internal client systems and
commercial public cloud platforms like Salesforce, Box.Net, Google
G Suite, Microsoft OneDrive and others; (viii)
Data443™ Chat History Scanner, which scans chat
messages for Compliance, Security, PII, PI, PCI & custom
keywords; (ix) the CCPA Framework WordPress plugin, which enables
organizations of all sizes to comply with the CCPA privacy
framework; (x) FileFacets™, a Software-as-a-Service (SaaS) platform
that performs sophisticated data discovery and content search of
structured and unstructured data within corporate networks,
servers, content management systems, email, desktops and laptops;
(xi) the GDPR Framework WordPress plugin, with over 30,000 active
users and over 400,000 downloads it enables organizations of all
sizes to comply with the GDPR and other privacy frameworks; and
(xii) IntellyWP, a leading purveyor of user experience enhancement
products for webmasters for the world’s largest content management
platform, WordPress. For more information, please
visit http://www.data443.com.
Forward-Looking Statements
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 Data443’s plans,
objectives, future opportunities for Data443’s services, future
financial performance and operating results and any other
statements regarding Data443’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 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 the
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict, and include, without limitation, 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 integration of acquisitions; product
liability; cybersecurity risk; anti-takeover measures in our
charter documents; and, the uncertainties created by the ongoing
outbreak of a respiratory illness caused by the 2019 novel
coronavirus that was recently named by the World Health
Organization as COVID-19. 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 (i) “Part I, Item 1A. Risk Factors”, in our Registration
Statement on Form 10 filed with the SEC on January 11, 2019 and
amended on April 24, 2019; (ii) “Part I, Item 1A. Risk Factors”, in
our Annual Report on Form 10-K filed with the SEC on 17 April 2020;
and, (iii) subsequent filings. Undue reliance should not be placed
on the forward-looking statements in this press release, which are
based on information available to us on the date hereof. 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.
The Data443™ logo, ALL THINGS DATA SECURITY™,
ClassiDocs™ logo, ARALOC™ logo and
DATAEXPRESS® are registered trademarks of Data443
Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are
property of their respective owners. All company, product and
service names used in this website are for identification purposes
only. Use of these names, trademarks and brands does not imply
endorsement.
All other trademarks cited herein are the property of their
respective owners.
For Further Information:
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Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
Signup for our Investor Newsletter: https://www.data443.com/investor-relations/
Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
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