Tormont Group Issues Research Report on GlobeX Data

Rhea-AI Summary

GlobeX Data Ltd. (OTCQB:SWISF) announced that Tormont Group, a corporate advisory in Toronto, released a research report on the company. The report, led by Jim McFadden, highlights GlobeX’s efforts in Swiss hosted secure communications and data management.

Tormont Group will distribute the report to over 70 institutions, enhancing institutional interest in GlobeX's stock. CEO Alain Ghiai expressed optimism regarding increased market liquidity and profitability projections for 2022.

Positive

• Tormont Group will disseminate the research report to over 70 institutions, enhancing visibility.
• CEO Alain Ghiai anticipates increased market liquidity and institutional interest in GlobeX securities.

Negative

• None.

TORONTO, ON and NEW YORK, NY / ACCESSWIRE / April 14, 2021 / GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS)(FRA:GDT) ("GlobeX" or the "Company"), the leader in Swiss hosted secure communications and secure data management, is pleased to announces that Tormont Group, a premier corporate advisory group based in Toronto, Canada, has issued a research report on GlobeX Data Ltd. The report can be read at the following link:

https://tormont50.com/wp-content/uploads/2021/04/GlobeX-Data-report-4-6-21-4.pdf

As a Premier Corporate Advisory, Tormont Group works with client companies to execute all facets of successful strategy, including M&A, market positioning, executive recruitment, financing and funding strategy, and international representation. Additionally, Tormont Group creates strategic marketing and outreach programs for client companies which represent a singular and uniform messaging to investors and customers.

The report has been headed by Jim McFadden, head of research and strategy for Tormont Group. According to the Tormont Group website, Jim McFadden has worked as an equity analyst and portfolio manager on Wall Street for more than 25 years, first as Institutional Investor-ranked utilities analyst with Bear Stearns and Goldman Sachs and then as a long-short portfolio manager with hedge funds such as Amaranth Advisors and the Bass Brothers. In addition, he headed JP Morgan's North American equity proprietary trading desk.

Mr. McFadden holds an MBA in Finance from The Wharton School of the University of Pennsylvania (graduated with Distinction), as well an undergraduate civil engineering degree from the University of Notre Dame (Magna Cum Laude) and a MS degree in aeronautical engineering from the Air Force Institute of Technology. He is a Chartered Financial Analyst (CFA).

The report will be sent to over 70 institutions, buy-side funds and family offices that Tormont Group has cultivated close relationship with over the last 20 years.

Alain Ghiai, CEO of GlobeX Data said: "We are very happy to work with such a well-respected company as Tormont Group. Tormont has been diligent in its research and their team is first rate. We are very grateful for the fact that Tormont will introduce GlobeX Data to their network of buy-side funds, family office and retail institutional brokers, both in the USA and Canada. Having institutional interest in GlobeX is part of our plan to increase awareness and market liquidity in our securities in Canada, the USA and Germany, in tandem with the work we are doing operationally and our goal to reach profitability on the horizon in 2022. We look forward in expanding our awareness to institutions in Canada, the USA and Europe, through Tormont and other efforts the Company is undergoing with the help of its network and shareholders worldwide."

About GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. 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.

View source version on accesswire.com:
https://www.accesswire.com/640331/Tormont-Group-Issues-Research-Report-on-GlobeX-Data

FAQ

What does Tormont Group's research report on SWISF include?

The report highlights GlobeX Data's secure communication and data management capabilities.

How will the report from Tormont Group affect SWISF stock?

Increased visibility among over 70 institutions may drive institutional interest and liquidity.

Who is Jim McFadden associated with the Tormont Group report on SWISF?

Jim McFadden is the head of research and strategy at Tormont Group, with over 25 years of experience.

What is the significance of the report for GlobeX Data's future?

The report is expected to improve awareness and potentially lead to profitability in 2022.

When was the Tormont Group report on SWISF released?

The report was announced on April 14, 2021.