OTTAWA, Aug. 29, 2022 (GLOBE NEWSWIRE) — Leonovus Inc., (“Leonovus”) (TSXV: LTV) announces the filing of its unaudited interim financial statements and management discussion and analysis (“MD&A”) for the quarter ended June 30, 2022. Our MD&A includes a comprehensive discussion of Leonovus’ financial condition and results of operations and is available on SEDAR at www.sedar.com. Amounts are in Canadian dollars.

Leonovus launched its Torozo product in May 2022. While the company is excited about its long-term value, Torozo won’t be generating enough revenue to sustain the company any time soon. Four years of work with the Canadian federal government has resulted in several valuable assets – such as: These include our ongoing secure file sharing/transfer offering, our Smart Filer and Vault software license provision agreements, and helpful reseller connections and proof-of-concept deals. However, while Leonovus continues to develop distribution within the federal government, there is no clear path to revenue in the short term.

About Leonovus

Leonovus is a secure data management software company. The Leonovus suite of data management tools offers customers a complete, data-centric, end-to-end solution. This solution can stand alone or integrate with the organization’s Zero Trust strategy and architecture. It seamlessly leverages the company’s existing storage infrastructure and network architecture and works locally in the cloud. It extends data-centric controls to the entire architecture, including cloud resources.

To learn more, please visit www.leonovus.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:
George Pretli
CFO
[email protected]