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EDISON, NJ --(Marketwired - March 23, 2016) - StrikeForce Technologies, Inc. (OTC PINK: SFOR), a Wyoming company that specializes in Cyber Security solutions for the prevention of Identity Theft and Data Breaches, announced today that we have started the year in a strong financial position.
"We have implemented a four-pronged strategy for selling products and and driving revenues into StrikeForce," says Mark L. Kay, CEO. The first prong is to expand on our existing litigation strategy for our patented ProtectID® Out-of-Band Authentication technology. Our Out-of-Band patent lawsuit award has proven to be a sound financial strategy.
Our second prong is to work closely with our distributing partners, particularly Advance Cyber Securities, Inc., as they have recently signed a $9Million agreement with us to purchase our GuardedID® & MobileTrust® technologies and patents, as well as market the products under the brand EndpointLock. StrikeForce is guaranteed the payment by Sept 30, 2020.
The third prong in our strategy was to launch a consumer focused marketing effort. On March 18th we launched brand new websites (www.guardedid.com & www.mobile-trust.com), new logos and product videos, Facebook pages, real-time twitter updates, and a comprehensive social media campaign for both GuardedID® and MobileTrust®. Our new social media outlets will also enable us to communicate quickly to our shareholders with current public information and keep them to date. For instance, we have used social media to assure our shareholders that we have no plans on doing a reverse stock split.
The fourth and final prong in our strategy was to get our GuardedID & MobileTrust products into the Retail Box stores. We are pleased to announce both products are available online via www.Target.com and will be on their shelves in June of this year. We are also in discussions with several other Big-Box retailers.
StrikeForce's reinvention is just the beginning of our new strong position in the marketplace. Our management expects, but cannot guarantee, success with our "Out-of-Band" patents and sales. Besides an emphasis on robust sales, we will be focusing on litigation against a number of companies that potentially infringe on our "Out-Of-Band" patents over the next few years, although there can be no assurances of these patents consistently prevailing. Therefore, 2016 is a year we are planning for success for StrikeForce.
StrikeForce Technologies helps to prevent cyber theft online. Its products help protect consumers and their families while banking and shopping online, and businesses in "real time" against data loss and breaches. StrikeForce Technologies, Inc. (OTC PINK: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.