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Data Deposit Box Grows Partner Base, Hires Two New Business Dev Executives

Toronto, Ontario--(Newsfile Corp. - July 29, 2016) - Data Deposit Box Inc. (CSE: DDB) (OTCQB: DDBXF) (FSE: 2DD) (the "Company"), a global provider of cloud backup and recovery technology, is pleased to announce a significant increase in partner and client accounts and the engagement of two new Business Executive Development heads to lead NAS sales initiative.

Data Deposit Box has focused company growth by working with Managed Service Providers (known as the MSP) and with Managed Service Partners (known as channel partners). Within the first two quarters Data Deposit Box has attended seven (7) channel partner shows within the US and Canada to drive brand awareness and partner subscriptions. Based on the Company's new targeted approach to the market and in-show success Data Deposit Box has seen a substantial increase in subscriptions in June when compared to the previous month. Our month increase has seen a 340% increase when compared to May and a 200% increase when comparing Q2 against Q1 of 2016.

"Over the past 12 months we have focused our business and product line to address a massive gap in the SMB business continuity market. Although Data Deposit Box has pioneered this industry for over 15 years, the MSP and partner channel is a new opportunity we launched less than 12 months ago." Says Troy Cheeseman, President of Data Deposit Box. Tim Jewell, Found & CEO of Data Deposit Box adds, "Over the past seven (7) shows we have seen incredible interest in our solution and that was validated by winning four (4) channel awards against some of the biggest Cloud and Storage providers in the industry. We are now beginning to see the results of this recognition with the increase in created partner and client accounts. Our hard work is starting to pay off with this increase and positive growth."

Data Deposit Box announced a strategic partnership with Berlin based O&O Software GmbH in April to bring the Company's flagship NAS BMR product to market. The product was launched with an exclusive presale promotional event in May and the Company's continue to work together to strengthen its product and enhance its features.

"Data Deposit Box is excellently positioned within the market and with new integrated services, easy adoption and implementation to meet the varied data protection needs of SMB and SME businesses worldwide," said Olaf Kehrer, Managing Director and Co-Founder of O&O Software GmbH. "Managed Service partners and providers alike will be able maximize their margin and reoccurring revenue streams by partnering with DDB. O&O Software GmbH is very pleased to play a role as a key technology partner."

In addition to the account growth, Data Deposit Box have confirmed the hires of two new Business Development Executives. Commencing in early July, the new Business Development Executives have begun sales onboarding and plan execution for Data Deposit Box products and services. Each new representative is bringing several years of business development experience to the company. Data Deposit Box has also engaged In the Funnel Sales Consulting for development of the Company's sales strategy and to provide senior sales management leadership and mentoring for the two new roles.

"Data Deposit Box has a perfect data continuity solution for the true Small to Medium Business market. After the first launch of the company's new products and after the channel partner shows from Q1, both DDB wanted to accelerate their sale and marketing strategy; this is where In the Funnel will help." Says Mark Cox, Managing Partner at In the Funnel. Tim Jewell states, "Soon after we met Mark from In the Funnel, Troy and I knew we had found the right partner to bolster and accelerate our sales and marketing plans. Mark and his team will provide the senior sales mentoring and guidance required to see success of our enhanced go-to-market strategy."

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 over 1,000 resellers, 25 MSPs and private label partners for online backup and recovery, archiving, disaster readiness, secure file sharing and remote access.

Investor Inquiries

W. Clark Kent
Corporate Development
Telephone: 647-519-2646
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.



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