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Sekur Private Data Announces Its 2023 Budget Is Fully Covered With Existing Cash Flow

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By Faith Ashmore, Benzinga

Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) is a US-listed cybersecurity and internet privacy company with roots in Switzerland that provides private and secure communications solutions. It uses its own servers and military-grade encryption security and combines them with its proprietary encryption and Swiss data privacy laws.

The company is best known for its corporate products like SekurMail and SekurMessenger which offer users complete privacy. Capitalizing on the strict Swiss privacy laws, Sekur has built a brand that prides itself on state-of-the-art technology allowing for secure communication. The company has seen great success in Latin America and even recently announced its advancement into the privacy markets with its new VPN product, SekurVPN.

Sekur also recently announced a partnership with Nobleus, an American all-encompassing e-commerce platform that offers customers tools and resources to run a successful online business. The agreement will allow Nobleus the rights to distribute and resell Sekur services and products to its client base. Nobleus is expected to provide these services to its clients in Q1 2023. This agreement will help position Sekur as an alternative security and privacy communications platform and allow online American businesses to become more independent from big-tech platforms.

Alain Ghiai, CEO of Sekur Private Data said: "We are very pleased to have partnered with Nobleus. Nobleus is an innovative company and is progressing very nicely on all fronts in its e-commerce platform rollout. We believe partnering with Nobleus will provide substantial growth opportunities for Sekur to reach the consumer masses through their unique distribution model. Our prime directive is to provide private and secure communications for everyone.”

Sekur Announces Its 2023 Finalized Budget

In another exciting announcement, Sekur announces that it is entering 2023 with no debt and no need to raise cash to meet its 2023 budget obligations. As of the announcement, the company had approximately $3 million in cash and an established budget of $2,360,000 for 2023.

The 2023 budget includes all of its expenses. The company reported a 50% decrease in the budget from 2022 for its marketing, hardware, and general and administrative needs.

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The company is looking at an increase in gross sales and is confident in its ability to succeed in these goals, largely due to the expansion of products launched at the end of 2022, as well as upcoming launches in 2023, like SekurVPN.

Alain Ghiai, CEO of Sekur Private Data said: "We are pleased to announce that we have been able to cut close to 50% of our expenses for 2023, and still expect an increase in sales. Some of the assumptions are due to the new marketing plan we have and some of the sales increases are attributed to the B2B relationships we have signed and established in Latin America and the USA. There has been a lot of chatter, on some investment forums notably, about our need to raise funds in 2023, and we can now demonstrate with certitude that we have no need for new funding to meet the needs of the Company for the 2023 fiscal year. 2023 will increase focus on establishing more B2B relationships and on SMB marketing, as we continue to expand our direct-to-consumer base. As we are not connected to any Big Tech platform, we offer a truly independent, private and secure means of communications without any data mining, through our proprietary technology and our secure servers based in Switzerland. We look forward to continuing to offer true data privacy to all individuals and their businesses and protect their intellectual property, and their privacy, from data miners and malicious hackers."

This article was originally published on Benzinga here.

Sekur Private Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. Sekur Private Data Ltd. sells its products through its websites and, and approved distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

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