EDISON, NJ--(Marketwired - Nov 18, 2013) - StrikeForce Technologies (
"StrikeForce and its global sales channel continue to sign new contracts and pilots in 2013 and into 2014. StrikeForce's revenues for the nine months ended September 30, 2013 was $367,579 compared to $642,596 for the nine months ended September 30, 2012, a decrease of $275,017 or 42.8%, primarily due to the decrease in GuardedID® keystroke encryption sales resulting from a breach of contract by one of our partners," says Mark Kay, CEO. "StrikeForce continues its litigation, now in discovery, to recoup its losses and anticipates a successful recovery of some or all the contractual amounts at issue over time, while recognizing the costly and unpredictable nature of litigation," continues Kay. "StrikeForce remains very positive in regard to our developing recurring gross revenue opportunities, renewals, new contracts and pilots. In addition we are most enthusiastic with the early strong interest in our new mobile products."
"StrikeForce is very excited about the future. We were awarded two new patents; we have several newly signed distribution partners, new customers and new pilots underway. We are aggressively litigating patent and intellectual property infringers and are preparing to release two new mobile products into production in early 2014. The timing of our products is perfect," says Kay, "as published in an article called 'Identity Theft Statistics 2013: Why You Should Be Alarmed,' in the July edition of Credit Donkey, the FCC reported that mobile security threats have increased more than 350% since 2010."
StrikeForce is pleased to announce the Company's 3rd Qtr. 2013 10Q live public WebEx Presentation on Tuesday, November 19th at 2PM EST, where Mr. Kay, joined by Ram Pemmaraju (CTO) and George Waller (EVP), will walk through a presentation of the 3rd Qtr. 2013 results, an update on our patents, patent litigation and our 2014 business outlook from a technology and sales perspective. Anyone interested in attending, or with any questions relating to our 3rd Qtr. 10Q filing, please email your questions and/or request to Q3Review@strikeforcetech.com to then receive your official invite and link soon thereafter. Questions after the WebEx Presentation via this email address will be welcomed.
Detailed financial data and other information is now available in StrikeForce Technologies, Inc. Form 10Q on the StrikeForce website and www.sec.gov, for the third quarter ending September 30th, 2013.
ABOUT STRIKEFORCE TECHNOLOGIES, INC.
StrikeForce Technologies helps to prevent online identity theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication, keystroke encryption and mobile solutions. StrikeForce Technologies, Inc. (
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.