TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) — Data Deposit Box Inc. (“Data Deposit Box”) (CSE: DDB, OTCQB: DDBXF, Frankfurt: 2DD today announced it has joined Hyperledger (view Hyperledger Press Release).
“We are very pleased to join the Hyperledger community and look forward to collaborating in our goal to deliver innovative blockchain solutions for our partners and clients worldwide,” said Tim Jewell, CEO, Data Deposit Box. “It is important to be part of such a diverse and talented community as we innovate at such a rapid pace. Our partners and clients are depending on applications to use common interfaces so they can select between blockchain service providers without the need for implementation changes. It took many years for S3 to become widely accepted as a standard interface for storage. We hope to help in the evolution of a simple blockchain service (SBS) and we know Hyperledger will be at the core.”

ABOUT DATA DEPOSIT BOX:

Providing advanced, cloud-based data back-up since 2002, Data Deposit Box is one of the world’s first and foremost data backup, protection and recovery providers for Managed Service Providers (MSPs), as well as Small and Medium Businesses (SMBs). Data Deposit Box offers full white labeling for larger MSPs. Based in Toronto, Canada, Data Deposit Box is trusted by over 5,000 MSPs, SMBs and personal end-users world-wide to make data back up as simple and smart as possible. Our recently introduced Secure Email Archiving has great potential in the larger Enterprise market as well as in our existing market. Data Deposit Box has refactored components of its existing cloud platform to develop products for the Blockchain industry.
LiveLink Web, patented web based remote device management software that does not require a Virtual Private Network (VPN), is being released in Q1 of 2018. The applications for this product cross many OEM markets such as Network Attached Storage (NAS), printers, routers, firewalls, etc. Applications also exist for the Internet of Things (IOT) which involves products for the Consumer, Business and Public markets.

For More Information, Contact:

Tim Jewell
CEO Data Deposit Box Inc.
Telephone: 416-238-7596
Email: tjewell@datadepositbox.com
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “may,” “will,” “would,” “potential,” “proposed,” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.