Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum LeoNovus Inc V.LTV

Alternate Symbol(s):  LVNSF

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... see more

TSXV:LTV - Post Discussion

LeoNovus Inc > News
View:
Post by Bentley2000 on Nov 23, 2021 6:29pm

News

Leonovus Inc. Files Q3 2021 Financial Results
2021-11-23 05:00:01 PM ET (GlobeNewswire)
   
   

Leonovus Inc. ("Leonovus") (TSXV: LTV) announces the filing of its unaudited Interim Financial Statements and Management Discussion and Analysis ("MD&A") for the quarter ended September 30, 2021. Our MD&A contains a comprehensive discussion of Leonovus' financial position and results of operations and is available on SEDAR at www.sedar.com. Amounts are in Canadian dollars.

"As noted in previous communications, our sales strategy has focused on the Canadian federal government ("GOC") to become the anchor customer. In May 2021, we responded to a major GOC RFP for a secure file transfer solution, which fits our XVault and Smart Filer technology. Over the summer and fall, based on evolving Q&A between the GOC and all bidders, product management prioritized completing several XVault features to create a powerful storage, sharing and transfer solution. The RFP closed on November 8, 2021, and we demonstrated XVault to the GOC on November 17, 2021. The company hopes to successfully move through the next phases of the procurement process, where three companies will eventually receive standing offers. There are no guarantees at this time that Leonovus will be one of the selected solutions to receive a standing offer," said Michael Gaffney, Chair and CEO, Leonovus Inc.

"We are also planning to launch XVault as a SaaS service with an e-commerce front end in Q1 2022. Individuals or organizations can buy our hyper-secure file storage, file sharing or file transfer solution with a credit card," said Gaffney.

About Leonovus

Leonovus is a software provider that offers storage solutions that untether your data, allowing you to embrace cloud storage securely, simply, and cost-effectively while giving you the flexibility to deal with the ever-evolving cloud storage landscape.

Leonovus Smart Filer is an information lifecycle management (ILM) solution that analyzes existing file storage and extends its capacity automatically and transparently. According to customer-defined policies, infrequently accessed files are automatically removed from high-cost, high-performance primary storage, and placed in secondary or cloud storage, without any changes to how users and applications access them.

Designed with the IT manager in mind, Leonovus Vault uses patented algorithms to analyze, classify, encrypt, shred, and spread data across a network of on-premises, hybrid or multi-cloud storage nodes - allowing for the most secure yet internally accessible form of object-based data storage across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Vault provides petabyte scalability. It allows the enterprise to use its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise's overall ROI.

To learn more, please visit www.leonovus.com.

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Leonovus' growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Leonovus disclaims any inte ntion or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on Leonovus' public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For More Information, please contact:

George Pretli

Chief Financial Officer

gpretli@leonovus.com

<img src="https://ml.globenewswire.com/media/YThmM2FhMWItZDU2OC00YjM4LWI4ZmQtOTc5MGFmYmZiNWRiLTExMzU3NDI=/tiny/Leonovus-Inc.png" referrerpolicy="no-referrer-when-downgrade" /><p>https://ml.globenewswire.com/media/c889a8cb-87a4-4abf-a152-21e1d64ab390/small/leonovus-png.png

https://ml.globenewswire.com/media/c889a8cb-87a4-4abf-a152-21e1d64ab390/small/leonovus-png.png

 
Comment by tonyturbo on Nov 24, 2021 3:53pm
No revenues and............. The RFP closed on November 8, 2021, and we demonstrated XVault to the GOC on November 17, 2021.  WTF???
Comment by skydiver069 on Nov 25, 2021 5:20pm
In addition... Ohh, "We are also planning ..."  How many times have investors heard that line pitched, combined with "Forward looking statements", in the past?  We all have seen and heard it's been too many times!!  The company's targets are never met.  The company can never deliver on any forcasts or promises.  Anyone can see that, yet Bentley ...more  
Comment by BillyBob on Nov 29, 2021 12:16pm
It would be funny if so many people hadn't lost $. FYI I'm a new poster but have followed the thread for a while - I have a close friend who used to work there. Where have all the shameless pumpers gone?
Comment by hk1966 on Nov 25, 2021 5:45am
Shilling as their Marketing dept now?
Comment by BillyBob on Nov 25, 2021 10:28am
Responded to an RFP, and demo'd something...I'm not sure they're even trying any more...
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities