My Global Safe secures new VC funding prior to launch

Released on: April 7, 2008, 2:32 am

Press Release Author: Propeller Communications

Industry: Internet & Online

Press Release Summary: London, 7 April 2008. My Global Safe, the provider of highly
secure, off-site and backed up data storage services to the Insurance and Travel
markets, has a secured a new round of funding ahead of its imminent commercial
launch.

Press Release Body: The funding from private investors Ian Powell and Francis
Goodwin, the former management team at outdoor advertisers Maiden plc, followed a
new share issue. Powell and Goodwin's investment also sees Powell take over as
Chairman.

My Global Safe offers its unique software through subscription based services and
delivers a personalised electronic filing cabinet concept to make the back-up of
individual documents and possessions easy. This guarantees straightforward access to
any documents needed for an insurance claim, speeds up the processing of a claim,
and strengthens customer loyalty and retention.

The service employs password protection and built in security features that include
VeriSign, SSL and military level encryption. The data is stored in a very secure and
high availability environment so that wherever the user is total access is
achievable at any time.

Nick Charles, Managing Director at My Global Safe said, "The product development
stage is complete and with this new injection of capital, we are now ready for our
commercial launch. We're already negotiating with several insurers who are keen to
use My Global Safe's functionality to diversify their products and boost customer
retention. We expected to announce our first deal soon."

Ian Powell and Francis Goodwin have worked together for 20 years. Having been part
of a three-man team that purchased Maiden Outdoor in 1993 they led the company to a
full listing on the London Stock Exchange in 1996. During their 13 years at Maiden
turnover increased from £21 million to over £100 million. The company was sold for
£56 million to Titan Outdoor Inc in May 2006, following which Powell and Goodwin
have invested in several projects in both media and other related sectors.



Web Site: http://www.myglobalsafe.com

Contact Details: Nick Charles
Managing Director
The Forum
277 London Road
Burgess Hill, W.Sussex
RH15 9QU
+44(0)1444 240 273
nick.charles@myglobalsafe.com

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