LANDSTAR Inc/SH (OTCMKTS:LDSR) has been clearly one of the big winners on the OTC so far in 2018. Shares of the stock have roared higher by as much as 1,900% in just the past 6 weeks. This is a play with broad ties to cybersecurity, regulatory compliance, and cryptocurrency, which have all become remarkably powerful momentum themes so far this year. That said, the stock’s recent break of support and corrective slide needs to be digested with respect. Countering that slide, the company just announced that it is partnering with Caretower, a leading E.U. cybersecurity integrator and service provider.
According to the release, “Caretower’s European Union Sales, Services and Support footprint is thought to add market scale to Data443’s award-winning GDPR product offerings, according to management. Caretower is a leading and award-winning IT Security and Services organization with expanding operations in the European Union and abroad. Partnered with over 80 World Class Security Software and Solutions providers, Caretower provides unique capabilities for the marketplace including procurement support and enablement, solution deployment and configuration, and post-sales support and managed services. Caretower continues to grow across the E.U. and worldwide with offices in the UK and Bulgaria.”
LANDSTAR Inc/SH (OTCMKTS:LDSR), aka DATA443 Risk Mitigation, Inc., casts itself as a company that was formed December 2017 to identify whitespace existing in the security offerings of competitors and fill those gaps with self-developed and/or acquired technologies to offer to the market.
To that end, the company has a growing R&D team and an active acquisitions and financing team – both of which act quickly on targeting opportunities (both customer & acquisition candidates) to quickly bring to market. The primary focus is on current and next-generation cybersecurity product offerings – for cloud and on-premise consumption. ClassiDocs’s unique implementation of Machine Learning enables organizations to quickly train the algorithms with native business-based datasets – seamlessly for all involved. This provides a data rich environment for the Machine Learning algorithms to learn upon – widely known as one of the most expensive parts of machine training – dataset training has been effectively reduced to zero effort and cost.
The company further maintains that ClassiDocs is “the only Data Classification & Governance platform that provides organizations with a GDPR compliance interface that facilitates queries required to complete PII-based searches across data files (unstructured) and databases (structured) data sets – for the whole enterprise. Having the only endpoint-based classification engine – this unique unified view portal gives organizations a full view and search capability across their whole data estate – Network, Workstation and Cloud – resulting in significantly reduced costs.”
According to company materials, “DATA443 Risk Mitigation, Inc. (OTCPK:LDSR) (https://www.data443.com) is a technology company that is actively developing and acquiring cyber-security products & service offerings that are central to blockchain, cyber data security, GDPR, compliance and governance capabilities. The Company develops its own technologies and has an active acquisitions program in place.”
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“We have worked with the team at Caretower for some time now – their capabilities in both sales and services support continue to impress us. Their large and expanding geographical and customer footprint demonstrate their capabilities in this complex and ever-changing market,” stated Data443 Risk Mitigation, Inc. CEO & President Jason Remillard.
Recent action has seen in excess of 320% added to share values of the name over the past month of action, a rally that has pushed up against longer standing distributive pressure in the stock. However, LDSR has a history of dramatic rallies. In addition, the stock has benefitted from a jump in recent trading volume to the tune of 62% above the average volume levels in play in this stock over the longer term.
Currently trading at a market capitalization of $56.5M, LDSR has virtually no cash on the books, which compares with about $125K in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LDSR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LDSR, either long or short, and we have not been compensated for this article.