They always word their PRs very carefully for maximum impact. The intent is to get primarily the volume needed for the dilution. If thee could have said "annual revenue of at least $100K per year" I would fully expect that they would have. Statements like these are why the company has such a a credibility problem. This deal was likely done by, what is referred to in the filings, as a channel partner with all the expenses the relationship suggests. That is why this statement from the PR is also deceptive. This company does not have the resources to staff an office in Dubai and actually operate internationally. Conversion to the US dollar is .27 to 1.
Additionally they get away with saying "leading provider of All Things Data Security!" because they own the trademark phrase "Data Privacy Solutions for All Things Data Security™"
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in Data Privacy Solutions for All Things Data Security™
"Leveraging the opening of our Dubai office and our new incredible partner in the Middle East, we look forward to continuing to be a leading provider of All Things Data Security!”
Silly question, any contracts made through Oil rich gulf countries especially when it comes to protecting their money carries itself with premium contracts.
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