Here is our statement related to the US export regulatory status of our software products:
Verba Technologies’ Collaboration Compliance and Quality Management Platform (“Platform Software”) is developed outside of the United States and is distributed for download from servers located in the European Union. As such, the Platform Software is not subject to U.S. export and reexport restrictions under the U.S. Export Administration Regulations (“EAR”).
To the extent the Platform Software is downloaded in the United States, it would become subject to the EAR and would be classified for export control purposes under Export Control Classification Number (ECCN) 5D002. Further, the Platform Software would be eligible for export from the United States under paragraph (b)(1) of License Exception ENC (15 CFR 740.17(b)(1)) upon the submission of an Encryption Registration by the exporter.