Toronto, Ontario--(Newsfile Corp. - December 12, 2017) - Data Deposit Box Inc. ("Data Deposit Box") (CSE: DDB) (OTC Pink: DDBXF) (FSE: 2DD), a global provider of cloud backup and recovery technology, announces that it has granted to certain directors, officers, employees and consultants of the Company, in accordance with the terms of the Company's stock option plan, an aggregate of 12,300,000 options to purchase common shares of the Company exercisable at a price of $0.05 per common share for a period of 5 years.
About Data Deposit Box
Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry standard by providing the SMB market with the same level of security and protection that is available to large enterprises. Data Deposit Box patented backup technology, known for its Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious industry awards and has been featured in many key industry publications.
Data Deposit Box technologies and solutions are currently used daily by SMB customers for online backup and recovery, archiving, disaster readiness, secure file sharing, and remote access.
For More Information Contact:
Tim Jewell, CEO Data Deposit Box Inc.
Email: [email protected]
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.