GlobeX Data Signs Agreement with Prime Technology Services Ltd. in The Bahamas

Rhea-AI Summary

GlobeX Data Ltd. (OTCQB:SWISF) has secured its second distribution agreement in the Bahamas with Prime Technology Services Ltd.. This expansion aims to enhance GlobeX's presence in the lucrative Bahamian market as it prepares for the launch of its Sekur solution. The Bahama's significance as a financial hub positions GlobeX to offer secure data management and communication services to financial institutions and sensitive businesses. Recently, GlobeX was recognized as one of the 50 Best Companies to Watch 2020 by The Silicon Review, underscoring its commitment to excellence in cybersecurity.

Positive

• Secured second distribution agreement in the Bahamas, enhancing market presence.
• Preparation for the launch of Sekur solution to target financial institutions.
• Recognition as one of the 50 Best Companies to Watch 2020 by The Silicon Review.

Negative

• None.

TORONTO, ON / ACCESSWIRE / August 11 2020 / GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) ("GlobeX" or the "Company"), the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, is pleased to announce that it has signed its second distribution agreement in the Commonwealth of The Bahamas. The agreement was signed with Prime Technology Services Ltd. of Nassau, Bahamas.

This is the second distribution agreement signed by GlobeX in the Bahamas, as the Company is increasing its footprint in anticipation of its Sekur solution launch. Prime Technology Solutions was introduced to GlobeX by its Exclusive Master Distributor, Sebastian Alliance Group LLC.

Alain Ghiai, CEO of GlobeX Data said: "We are very pleased to have signed up Prime Technology Services as we are expanding our footprint in the Bahamas. The Bahamas is one of the world's most important financial centers and it is important for GlobeX to be present and offer our secure communications and data protection solutions to financial institutions and other data sensitive businesses and government institutions. Recently, we have been honored with the prestigious distinction of 50 Best Companies to Watch 2020 by The Silicon Review and this is a testament to our relentless efforts to achieve technological excellence and our dedication to provide the best solutions for security and privacy of data and communications. We are excited to bring this technology to The Bahamas and we will continue to work hard in order to implement our prime directive, which is to protect the data and communications of all our subscribers.

GlobeX'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 GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.

On behalf of Management

GLOBEX DATA LTD.

Alain Ghiai
President and Chief Executive Officer
+1.416.644.8690
corporate@globexdatagroup.com

For more information please contact GlobeX Data at corporate@globexdatagroup.com or visit us at https://globexdatagroup.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. GlobeX 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 GlobeX'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 GlobeX'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, GlobeX undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: GlobeX Data Ltd.

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https://www.accesswire.com/601126/GlobeX-Data-Signs-Agreement-with-Prime-Technology-Services-Ltd-in-The-Bahamas

FAQ

What recent agreement did GlobeX Data Ltd. sign regarding its operations in the Bahamas?

GlobeX Data Ltd. signed a distribution agreement with Prime Technology Services Ltd. to strengthen its operations in the Bahamas.

How does GlobeX Data's agreement with Prime Technology Services impact its business?

The agreement enhances GlobeX's market presence and prepares for the launch of its Sekur solution aimed at financial institutions.

What recognition did GlobeX Data receive recently?

GlobeX Data was honored as one of the 50 Best Companies to Watch 2020 by The Silicon Review.

What services does GlobeX Data provide through its new agreement in the Bahamas?

GlobeX Data offers secure data management and communications solutions to financial institutions and sensitive businesses.

What is the stock symbol for GlobeX Data Ltd.?

The stock symbol for GlobeX Data Ltd. is SWISF.