LeoNovus Inc V.LTV

Alternate Symbol(s): LVNSF

Technology Software - Application

Leonovus Inc. is a Canada-based secure data management software company. Its suite of data management tools offers customers a complete end-to-end data-centric solution. This solution can stand on its own, or it can be integrated with the organization's zero-trust strategy and architecture. It takes seamless advantage of the organization's existing storage infrastructure and network architecture, working on-premises, in the cloud, or both, and extends the data-centric controls across the entire architecture, including cloud resources. Its solutions include boundless unstructured data storage; enhanced hybrid cloud data security; compliant, long-term data management; seamless storage hardware refresh, and cloud storage with no strings attached. Its technology includes Smart Filer, Vault, Torozo and XVault. Vault is a multi-cloud data control software solution that distributes client’s data across on-premises and public cloud storage. Cloud XVault is an ultra-secure data sharing engine.

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LeoNovus Inc > Unofficial office news..

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Comment by skydiver069on Nov 01, 2022 10:43am

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Post# 35062960

RE:RE:RE:RE:Unofficial office news..

The company's CFO, George Pretli indicated on 08/29/22:

"Leonovus launched its Torozo product in May 2022. While the Company is excited about its long-run value, Torozo will not generate enough revenues soon to sustain the Company. Four years of work with the Canadian Federal Government has resulted in several valuable assets – such as our standing offer for secure file sharing/transfer, our Software License Supply Arrangements for both Smart Filer and Vault, and helpful sales connections and proof of concept completions. However, while Leonovus continues to develop sales inside the federal government, there is no clear path to revenue in the short run"

In addition, Leonovus has also either given up its office space, or, been tossed from it. Irregardless, now is not the time to be shopping for a new office space with the business's credit rating most likely in the toilet with the financial industries.

One can only suspect what will happen next... De-listing? A magical Private Placement where current shareholders get burned once again? Out of the hat sales order now that a client(s) sees the company taking some degree of responsibility for its finances by closing the office doors?

Ahh.. Can't wait to read the management BS this time!