Sekur Private Data Ltd C.SKUR

GlobeX Data Closes $2.14M Oversubscribed Private Placement

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GlobeX Data Closes Final Amount of CAD 2.14 million (USD 1.7 million) in Oversubscribed Non-Brokered Private Placement

 
Nov 17 2021 – Toronto, Ontario and New York, NY, GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) (“GlobeX” or the “Company”), the leader in Swiss hosted secure communications and secure data management, is pleased announce that, pursuant to its news release dated November 9th 2021, it has closed its previously announced private placement in the final amount of 5,355,510 Units, for gross proceeds of CA$ 2,142,204 (US$ 1,70 million) in equity financing in the form of Units.
 
Each Unit consists of one common share (a “Share”) priced at CA$0.40 per share, and one-half of one share purchase warrant (a “Warrant”).  Each Full Warrant will entitle the holder to purchase a Common share at a price of CA$0.80 per share for a two-year term (the “Warrant Term”). The offering is now closed and the Company is processing the filing procedures for the Canadian Securities Exchange and any other regulatory exchange filings needed.
 
The proceeds of the financing will be allocated to continue to accelerate the marketing of the Company’s Sekur encrypted email and messaging solution to the US market, and for general purposes and to spread awareness of the Company and its goals as a publicly listed company, to the general public and the investment community.
 
There were no fees associated with this financing and no warrants associated with this financing were issued. Net proceeds after incoming bank wire fees were CA$ 2,142,100.03
 
Alain Ghiai, CEO of GlobeX Data said: "As we are closing the year soon, we are ready to start 2022 with a solid balance sheet with cash in hand in the amount of CA$ 9,455,000 (US$ 7.56 million), and no debt, convertible warrants of convertible obligations of any kind. We have increased our cash balance by 24 times compared to this time last year, and our market capitalization has increased 8-fold since last year, in the same period. Our company has endured some hard times in 2020, but we started to turn the corner around in 2021, and are looking forward to 2022 and beyond. We are grateful to all our shareholders and our customers who are supporting us by subscribing daily to SEKUR, and purchasing our security on the Canadian, American and German stock exchanges. We will continue to increase our media exposure in the USA as we build our brand as a publicly listed company engaged in providing privacy and security to all our supporters and shareholders out there.”


Sekur, which includes SekurMessenger as part of a bundle of email, messaging and file transfer into one app solutions, includes the Company’s latest SekurMail technology, which includes proprietary anti-phishing and privacy feature called SekurSend®. SekurSend® lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security as the email never leaves Sekur's encrypted email servers based in Switzerland. The recipient can then click on the notification and reply in the same manner using SekurReply®, without the recipient having to register for a Sekur account. The sender can also decide to protect any email sent by adding a password to open it, a read-limit and a self-destruct timer as well. Sending an email with the SekurSend® feature allows the senders and recipients to add limitless size attachments to the emails without crowding the recipients’ email box. This also eliminates BEC attacks for businesses and email phishing attacks. Additionally, SekurMail includes full control of email delivery, automatic data export for large Enterprises and an automatic Data Loss Prevention technology (“DLP”) with real time continuous archiving.
 
Recent data breaches in messaging applications and in particular in the WhatsApp application have created a certain urgency for businesses and data privacy advocates to protect their communications form cyber-attacks and identity theft via mobile and desktop devices.
 
SekurMessenger eliminates many of the privacy and security risks by not only not requiring a phone number, which would divulge a user’s phone device ID, but also by not social engineering a user’s phone or computer contact list and infecting the contacts by default as well, eliminating a huge loophole in security and privacy. SekurMessenger issues each user a username and a SM number. The SM number is the contact ID a user would disclose in order for other SM users to be added. The service comes with a self-destruct timer and other features as well, including GlobeX’s proprietary VirtualVaults and HeliX technologies with all data stored in Swiss hosted encrypted servers.
 
Additionally, SekurMessenger now comes with a proprietary feature and technology called Chat by Invites. This feature allows a SekurMessenger user (“SM user”) invite a non-SM user, or a group of non-SM users, to chat in a fully private and secure way, without the recipient ever having to register to SekurMessenger or download the app. At the end of the chat, the initiator of the conversation can remotely terminate the conversation and all traces of the conversation are deleted from all users, including the recipient. This unique feature is now fully deployed and functional on all iOS and Android devices and web platforms. The target sectors are numerous, including but not limited to real estate, legal, financial, government, energy, mining, manufacturing, trade and medical sectors.
 
GlobeX’s Data privacy solutions are all hosted in Switzerland, protecting users’ data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution. The Federal Act on Data Protection (“FADP”) of 19 June 1992 (in force since 1993) has set up a strict protection of privacy by prohibiting virtually any processing of personal data which is not expressly authorized by the data subjects. The protection is subject to the authority of the Federal Data Protection and Information Commissioner.
 
Under Swiss federal law, it is a crime to publish information based on leaked “secret official discussions.” In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved.
 
About GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of encrypted e-mails, and secure communication tools, secure cloud-based storage, disaster recovery and document management. GlobeX Data Ltd. sells its products directly through its websites, through its approved wholesalers and distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.
 
On behalf of Management
GLOBEX DATA LTD.
 
Alain Ghiai
President and Chief Executive Officer
+1.416.644.8690
[e-mail]
 
For more information, please contact GlobeX Data at [e-mail] or visit us at https://globexdata.com.
For more information on Sekur visit us at: https://www.sekur.com