Data Deposit Box (DDB-Cse) Jan 11, '18 is pleased to announce the Warrant Exercise Incentive Program has been very successful.
The company has received over $1.2M in proceeds from the exercise of warrants. Some of the proceeds were used to eliminate all outstanding debt and remove the GSA in place from our senior lender.
Said Tim Jewell, CEO of Data Deposit Box: “Our team has done a great job enhancing our core products and bringing new products to market. Being debt free with a strong cash balance and cash flow positive will allow us to focus on our core business and our new lines of business (Blockchain, Secure Email Archiving and LiveLink).”
ABOUT DATA DEPOSIT BOX:
Providing advanced, cloud-based data back-up since 2002, Data Deposit Box is one of the world's first and foremost data backup, protection and recovery providers and secure email archive for Managed Service Providers (MSPs), as well as Small and Medium Businesses (SMBs). Data Deposit Box offers full white labeling for larger MSPs. Based in Toronto, Canada, Data Deposit Box is trusted by over 5,000 MSPs, SMBs and personal end-users world-wide to make data back up as simple and smart as possible.
Data Deposit Box has refactored components of its existing cloud platform to develop products for the Blockchain industry.
For more information, please contact:
Tim Jewell
tjewell@datadepositbox.com
(416) 238-7596 |
