Sekur Private Data Updates Closing of Higher Amount of Private Placement – Above Market Price
April 22, 2022 in Company news
TORONTO, ON and NEW YORK, NY // ACCESSWIRE / April 22, 2022 / Sekur Private Data Ltd. (OTCQB:SWISF) (CSE:SKUR.WT) (CSE:SKUR) (FRA:GDT) (“Sekur” or the “Company”), the leader in Swiss hosted secure communications and secure data management, is pleased announce that it has now updated the final amount the closed a private placement, mentioned in April 21 2022 news, in the amount of CA$ 812,554.75 (US$ 639,806). The Company sold a total of 2,321,585 Units for gross proceeds before banking and wiring fees of CA$ 812,554.75 (US$ 639,806) in equity financing in the form of Units.
Each Unit consists of one common share (a “Share”) priced at CA$0.35 per share, and one share purchase full warrant (a “Warrant”). Each Full Warrant will entitle the holder to purchase a Common share at a price of CA$0.70 per share for a two-year term (the “Warrant Term”). The offering is now closed and is being filed with the regulatory authorities.
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, for the marketing and launch of the Company’s SekurMail App being launched in Q2 2022, and for general purposes. There were no fees associated with this financing and no warrants associated with this financing were issued.
Alain Ghiai, CEO of Sekur Private Data said: “In a time when markets are in turmoil, we find ourselves very appreciative of our supporters and shareholder. The placement was oversubscribed and closed at above market prices, which demonstrates both the strength of our value offering, our brand, and the valuable support and loyalty of our shareholders. We plan to use a sizable portion of the financing in order to launch our new SekurMail application, which is being completed for a formal launch in June 2022. We plan to do several launches in various countries in Latin America and Europe, throughout Q2 and Q3 of this year. 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.”
Sekur, which includes SekurMessenger and SekurMail, is part of a bundle of email, messaging and file transfer into one application, 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 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 Sekur number. The Sekur number is the contact ID a user would disclose in order for other Sekur 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.
Sekur’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 Sekur Private Data Ltd.
Sekur Private 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, secure messengers, secure communication tools, and secure cloud-based storage, disaster recovery and document management. Sekur Private Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide.
On behalf of Management
SEKUR PRIVATE DATA LTD.
President and Chief Executive Officer
For more information, please contact Sekur Private Data at email@example.com or visit us at https://www.sekurprivatedata.com
For more information on Sekur visit us at: https://www.sekur.com .
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 guaranteeing future performance. Sekur 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 Sekur’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 Sekur’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, Sekur undertakes no obligation to publicly update or revise forward-looking information.
SOURCE: Sekur Private Data Ltd.