Exobox Set to Unveil SaaS Leak Detection Software
Exobox Technologies Corp [[EXBX.OB]] announced that it would unveil its much anticipated SaaS data leak detection software solution at an information risk management mixer that it is hosting on Tuesday, June 30 at 5:00 p.m.
ExoDetect will be the company’s first commercially available solution that goes beyond traditional data loss prevention solutions to manage risks, recover losses, and take action against those seeking to compromise information assets.
During the first quarter, Exobox reported a net loss of approximately $1.25 million with no revenues as a development stage company. Meanwhile, the company reported cash of $3,832 and current assets of $35,013 compared to current liabilities of about $1.39 million.
These figures led Exobox’s accountants to issue a “going concern” statement in its latest 10-Q filing with the SEC. This raised concerns about the company’s ability to continue operating without raising additional debt or equity funds.
However, investors sent shares sharply higher on hopes that the release of ExoDetect will finally help bring some revenues in the door and turn a positive net income down the road. Meanwhile, the release during a “mixer” should help drum up some immediate business.
In the end, prudent investors may want to wait for some solid sales data in Exobox’s next quarterly report. Meanwhile, speculators may want to look at taking a position ahead of any solid figures in anticipation of better-than-expected results.
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com