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TORONTO, ON – April 23, 2015 — /BackupReview.info/ — Data Deposit Box Inc. (CSE: DDB) (Frankfurt: 2DD) (the “Company”), a global leader and provider of small to medium business backup, recovery and disaster readiness cloud services, is pleased to announce the results of its business operations for the year ended December 31, 2014. The audited financial statements have been filed and can be found on SEDAR (www.sedar.com)
These operations were carried out under the previous corporate name, Acpana Business Systems Inc. which amalgamated with Data Deposit Box Inc. on March 18, 2015 to become a public reporting issuer. The amalgamation occurred in conjunction with a series of private placements resulting in the combined entity raising a total of $2,880,869 CAD. See press release dated April 18, 2015
“2014 was a pivotal year for the Company. We streamlined and revitalized our infrastructure and successfully delivered our disaster readiness and backup and recovery cloud service to one of the largest private computer manufacturers in the world, proving our product to be as robust and scalable as any in the marketplace. We are very proud of our successes in 2014 and believe that they along with our financing and go public transaction have poised us for considerable growth and milestones moving forward.” said Tim Jewell, CEO & Founder, Data Deposit Box Inc.
The positive cash flow from operations, Adjusted EBITDA, shows that based on the number of shares currently issued and outstanding after the recent amalgamation, the Company’s cash flow per common share was $0.031 in 2014 while the loss per common share in the previous year was $(0.044).
About Data Deposit Box
Data Deposit Box technologies and solutions are currently used daily by over 200,000 customers, 1,000 resellers, 25 MSPs and private label partners for online backup and recovery, archiving, disaster readiness, secure file sharing and remote access.
Shares Outstanding: 28,546,306
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Source: Data Deposit Box Inc.
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