July 23, 2019 – Vancouver, British Columbia. GlobeX Data Ltd. (“GlobeX” or the “Company”) (CSE: SWIS, SWIS.WT) is pleased to announce that it has begun trading on the Canadian Securities Exchange (“CSE”) following closing of its initial public offering Common Shares and Tradable Warrants (see press release dated July 22, 2019).
The net proceeds from the IPO, together with the existing working capital of the Company will be used by the Company to fund its business development campaign, software development and server maintenance expenditures, and general and administrative expenses.
The Company distributes a suite of secure cloud-based storage, document management and collaboration, encrypted emails, and secure communication tools. The main products or services are DigitalSafe, PrivaTalk and Custodia.
DigitalSafe is a secure data storage, collaboration, file share, password manager, and encrypted email all-in-one. PrivaTalk is a secure communications suite encompassing encrypted voice, video, chat with auto-destruct timer, file transfer of files up to 100MB, and an encrypted email powered by the Company’s Custodia email engine. Custodia offers Encrypted email, granular permissions and is compatible with all mail clients regardless of domain. It also includes 5GB for data transfer per email and auto-destruct timer. SecureSend feature allows the user to send highly encrypted and private emails to other recipients inside and outside any organization.
GlobeX houses all of its secure servers in Switzerland with the exception of some government organizations that require on-premise data residency. These on-premise services are offered on a case-by-case basis. GlobeX clients include consumers, SMEs, enterprises and governments worldwide.
“The team at GlobeX Data is very pleased and honored to be part of the CSE community. This is an amazing opportunity to tell our story to the investing world and to grow our business. Being a public company comes with responsibilities and rewards. We have taken the approach to focus on the long term growth of the business and we are ready to face the challenges and the rewards that come with it, and our shareholders support this long term vision.” said Alain Ghiai, founder and CEO of GlobeX. “Cybersecurity is an issue that concerns all consumers, businesses and governments alike. According to various statistics, this is a global problem that is growing exponentially to the tune of 250 billion US dollars by 2023 (https://www.prnewswire.com/news-releases/cybersecurity-market-worth-248-26-billion-by-2023-893372986.html). At GlobeX, we look forward to continue to tell our story to the world and we thank everyone for their support.”
About GlobeX Data Ltd.
GlobeX distributes, designs and develops Swiss hosted software and cybersecurity solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, document management and collaboration, encrypted emails, and secure communication tools. GlobeX sells its products through distributors and telecommunication companies worldwide. GlobeX serves consumers, businesses and governments worldwide.
Forward Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. GlobeX cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond GlobeX’s control. Such factors include, among other things: risks and uncertainties relating to the future of the Company’s business; the success of marketing and sales efforts of the Company; the projections prepared in house and projections delivered by channel partners; the Company’s ability to complete the necessary software updates; increases in sales as a result of investments software development technology; consumer interest in the Products; future sales plans and strategies; reliance on large channel partners and expectations of renewals to ongoing agreements with these partners; anticipated events and trends; the economy and other future conditions; and other risks and uncertainties, including those described in GlobeX’s prospectus dated May 8, 2019 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GlobeX undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors