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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Globex Data Ltd.    SWIS   CA3795811015

GLOBEX DATA LTD.

(SWIS)
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GlobeX Data Completes Technical Integration of SekurMessenger with America Movil Largest Telecom Operator in Mexico 7th Largest Worldwide

11/25/2020 | 09:55am EST

GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS) ('GlobeX' or the 'Company'), the leader in Swiss hosted secure data management and secure communications, is pleased to report that, following its news release on October 13th 2020 that its Latin America partner, America Movil S.A.B. de C.V. (NYSE:AMX), has decided to integrate Sekur's encrypted messaging and file transfer application, SekurMessenger with Telcel, America Movil'sMexico mobile division; GlobeX can now confirm that technical integration has been completed, and successfully tested.

The next step for GlobeX is to complete on-boarding integration and perform minor graphical adjustments in order to complete full integration of SekurMessenger with Telcel for sales to start in Mexico. GlobeX estimates that America Movil's Telcel will start sales as planned by Q1 2021. SekurMessenger will first be sold by America Movil's Telcel mobile operator in Mexico and will retail in Mexico for 99 MXN/user/month. Once sales in Mexico are underway, there are plans to increase coverage to other countries where America Movil operates through its Claro brand, such as Colombia and other Latin American countries. GlobeX Data and America Movil are looking at offering a secure and private alternative to other non-secure messaging applications. The market is geared primarily for business users and privacy conscious consumers. Telcel is the largest mobile operator in Mexico, commanding a market share in excess of 70% with over 75 million mobile subscribers and over 5 million of them being business users. America Movil is the 7th largest telecom operator in the world with over 277 million mobile subscribers in over 20 countries throughout Latin America and Europe.

One of the many Privacy and security features of SekurMessenger is that the user does not register with their phone number, eliminating a huge loophole in security and privacy. Just recently, according to an article written by Lindsey O'Donnell and posted on the website threatpost.com on June 5 2020, it was disclosed that WhatsApp phone numbers and users were searchable on Google, creating a massive security and privacy breach. Earlier in the year, an article was written about a similar flaw affecting all businesses, NGOs, UN and non-profit organizations, where WhatsApp Group members were also compromised and searchable in a reverse engineering trick done on Google. Recent data breaches in messaging applications and in particular in the WhatsApp application have created a certain urgency for businesses and data privacy advocates to protect their communications form cyber-attacks and identity theft via mobile and desktop devices. SekurMessenger eliminates many of the privacy and security risks by not only not requiring a phone number, which would divulge a user's phone device ID, but also by not social engineering a user's phone or computer contact list and infecting the contacts by default as well. SekurMessenger issues each user a username and a SM number. The SM number is the contact ID a user would disclose in order for other SM users to be added, since SekurMessenger does not social engineer a user's address book. The service comes with a self-destruct timer and other features as well, such as GlobeX's proprietary VirtualVaults and HeliX technologies with all data stored in Swiss hosted encrypted servers.

Alain Ghiai, CEO of GlobeX Data said: 'We are thrilled to have completed the main part of the integration of our SekurMessenger encrypted messaging solution into America Movil's core service offerings. Telcel, America Movil'sMexico mobile operator, has over 75 million users in Mexico and over 5 million of them are business users. The idea here is to offer their corporate and privacy conscious consumer users an alternative to non-secure messaging applications that are in the market. There is an existing demand and we are looking forward to start sales in Q1 2021. Whether you are an SME, an Enterprise or a government organization, you need protection from email cyber-attacks, and identity and data theft. Our strength in using proprietary technology, Swiss privacy laws and no third-party platform such as AWS, MS cloud or Google cloud, puts us in a unique position to provide true privacy and security.' America Movil is a Mexican telecommunications corporation headquartered in Mexico City, Mexico. It is the seventh largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. America Movil is a Forbes Global 2000 company.

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.

Contact:

Tel: +1.416.644.8690

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -0.21% 14.06 End-of-day quote.-2.97%
GLOBEX DATA LTD. 0.00% 0.22 Delayed Quote.41.94%
GRUPO FINANCIERO INBURSA, S.A.B. DE C.V. 2.05% 20.45 End-of-day quote.1.94%
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Financials
Sales 2019 0,03 M 0,03 M 0,03 M
Net income 2019 -1,12 M -0,89 M -0,89 M
Net cash 2019 0,97 M 0,76 M 0,76 M
P/E ratio 2019 -6,54x
Yield 2019 -
Capitalization 15,7 M 12,4 M 12,4 M
EV / Sales 2018 -
EV / Sales 2019 218x
Nbr of Employees -
Free-Float 47,7%
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Managers and Directors
NameTitle
Alain Mehdi Ghiai-Chamlou President, CEO, Secretary & Director
Scott C. Davis Chief Financial Officer
Henry Sjoman Independent Director
Amir Assar Director
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