Sekur Private Stock Price, News & Analysis

GlobeX Data Ltd. (OTCQB:SWISF) announced a distribution agreement with SYNNEX Canada, enabling the Sekur secure communications solution to reach over 11,000 resellers across Canada. The partnership aims to combat rising cyber threats in the country, with sales expected to start in January 2021. GlobeX estimates between 550 and 1,650 resellers will sell the Sekur solution, generating projected recurring gross sales of CA$ 4,320,000 (US$ 3,297,000) in the first year, and increasing to CA$ 21,600,000 (US$ 16,488,000) by year three.

GlobeX Data Ltd. (OTCQB:SWISF) has signed a distribution agreement with Digital Processing System, Kuwait, to distribute its Sekur and SekurSafe solutions, with discounts of 20% to 30% off retail prices. This move targets SMEs, enterprises, and government organizations amidst rising cybersecurity threats in the region. GlobeX aims to expand into other Gulf countries, enhancing its market presence. The company positions itself uniquely with Swiss privacy laws and proprietary technology for data security.

GlobeX Data Ltd. (OTCQB:SWISF) has reported a significant increase in sales of its SekurSafe licenses in South Asia, with contracts growing from an initial 200 licenses to over 1,000. This surge in demand is attributed to the efforts of their distributor, Citadel Technology Solutions, in Pakistan. CEO Alain Ghiai highlighted the company’s commitment to secure data management hosted in Switzerland, emphasizing the robust privacy laws that protect user data. The interview conducted by Steve Darling on Proactive also touched on recent financing and future sales prospects.

GlobeX Data Ltd. (OTCQB:SWISF) announced the approval of a non-brokered private placement to issue up to 3,333,333 Units at $0.12 per Unit, raising CA$400,000. Each Unit includes one common share and one share purchase warrant, which allows holders to purchase additional shares at $0.15 for two years. If GlobeX's share price exceeds CA$0.25 for ten consecutive trading days, shareholders will be notified that warrants will expire after 20 business days unless exercised. The placement is expected to close by November 15, 2020.

GlobeX Data Ltd. (CSE:SWIS)(OTCQB:SWISF) announced increased sales of its SekurSafe licenses in South Asia, facilitated by its distributor in Pakistan, Citadel Technology Solution Pvt. Ltd. (CTS). Following the sale of 200 initial licenses, CTS has secured an additional 820 licenses worth approximately USD 72,200. Total expected sales by December 31, 2020, are around USD 248,100 for 2,820 licenses. CTS projects selling at least 3,000 more licenses in 2021, highlighting GlobeX's growth in emerging markets amidst rising cybersecurity needs.

GlobeX Data Ltd. (OTCQB:SWISF) announced it is nearing a distribution deal with a major Canadian IT distributor that has 11,000 resellers across Canada. CEO Alain Ghiai mentioned in a recent interview that this partnership will enhance exposure for GlobeX's privacy and security solutions through an NYSE-listed company's Canadian division. The company emphasizes its commitment to data privacy, hosted within the robust legal framework of Switzerland's privacy laws.

GlobeX Data Ltd. (OTCQB:SWISF) announced a significant partnership with América Móvil and its subsidiary Telcel in an interview with CEO Alain Ghiai. The collaboration will integrate GlobeX's SekurMessenger encrypted messaging solution into Telcel’s offerings, with immediate sales in Mexico and full integration expected by November 2020. América Móvil, one of the world's largest telecom operators, has over 277 million subscribers. GlobeX emphasizes its data privacy solutions are hosted in Switzerland, ensuring robust user protection.

GlobeX Data Ltd. (OTCQB:SWISF) has partnered with América Móvil to integrate its SekurMessenger encrypted messaging app in Mexico. This integration is expected to be completed by November and will be initially available through América Móvil's Telcel, the largest mobile operator in Mexico, serving over 75 million subscribers. The service aims to provide secure alternatives for business users and privacy-conscious consumers amidst rising data breach concerns in messaging applications.

GlobeX Data Ltd. (OTCQB:SWISF) has successfully sold its first SekurSafe licenses, generating revenue from Pakistan. The distributor, Citadel Technology Solution Pvt. Ltd., reported a sale of 200 licenses valued at USD 17,600, with a follow-up deal for an additional 1,800 licenses worth USD 158,400 expected to finalize by January 2021. CEO Alain Ghiai highlighted the importance of their offerings in combating cybersecurity threats. GlobeX operates under stringent Swiss privacy laws, ensuring high-grade data protection.