Leonovus Inc. announced that it is working on a Fall 2021 launch of a new product to protect companies from ransomware. Ransomware is a vast and growing global problem. The average ransomware payment increased 43 percent to $220,000 in 2021, according to an April 26 report by Coveware. Leonovus plans to launch a SaaS product to protect private and public organizations data from ransomware this Fall. Much of the ransomware protection product technology is already available from company Smart Filer, Vault and XVault development initiatives. The real-time SaaS solution will protect an organization's data from both confidential information exposure and the loss of access to ensure business continuity better than traditional backup systems. The Company continues to focus on the Canadian Federal Government ("FedGov") for strategic sales and is expanding its marketing efforts on this front. After closing the last financing round in early May, the Company hired sales staff to increase company FedGov sales opportunities. The positive evaluation reports from the Departments of Justice and National Defence provided a strong foundation for company marketing message. Leonovus remains bullish that the FedGov will become a valuable long-term customer.