Canadian Data Preserve, Inc.
CNSX : DPC

September 06, 2011 11:26 ET

Canadian Data Preserve, Inc. (CNSX:DPC) Announces Strategic Relationship with WayPoint, LLC, of Scottsdale, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Canadian Data Preserve, Inc. (CNSX:DPC) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES FOR DISCLOSURE IN THE UNITED STATES

The Board of Directors of Canadian Data Preserve, Inc. (the "Company") is pleased to announce that effective, Friday, September 2, 2011, the Company entered into a strategic alliance and marketing agreement with WayPoint, LLC, (WayPoint) of Scottsdale, Arizona.

The agreement provides that WayPoint will immediately assume responsibility for solutions development, sales and marketing within the Company. WayPoint and its predecessor, WayPoint Technologies, Inc., have an extensive background and capability in the development, implementation and support of information management and business intelligence technologies and support services considered as mission critical to medium sized enterprises in the United States. The supporting technologies utilized by WayPoint, transform a company's' raw data into actionable information. In a world that continues to seek more efficiency in data capture, analysis, storage and retrieval, the expertise offered by WayPoint is completely complementary to the strategic plans presently being developed by the Company's management and Board.

WayPoint will act as the Company's outsourced marketing group and utilize its existing contacts and industry affiliations to assist the Company to realize on many of its present strategic objectives. The Company presently owns a 10% interest in DataPreserve, Inc (DataPreserve) of Scottsdale, Arizona. Management's medium term goal is to identify comparable data backup and recovery companies that would be candidates for a middle market industry consolidation. The order of magnitude to this consolidation is to establish a $25mm gross revenue enterprise within the following 24 months. WayPoint will, among other things, be instrumental in identifying candidate acquisition targets and finalizing the terms of acquisition. Additionally, WayPoint will aggressively seek additional organic growth opportunities which meet or exceed the established parameters for each acquisition target. The Company intends to acquire the operating revenues of the targets and subcontract technical and customer support to DataPreserve.

WayPoint also owns proprietary and complementary software that will become an integral part of the offering. WayPoint will share in the gross revenues generated from this business pursuant to the terms of consulting agreements.

WayPoint has an impressive list of legacy customers including Discount Tire, ING, and CitiBank. WayPoint also holds a special rights license to VisualVault software developed by Auersoft LLC of Mesa, Arizona.

More details of this exciting new relationship will be released as they materialize.

ON BEHALF OF THE BOARD OF DIRECTORS OF CANADIAN DATA PRESERVE, INC.

Brian Cameron, CFO

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

CNSX does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canadian Data Preserve, Inc.
    Brian Cameron
    CFO
    602-865-9356