StrikeForce to Receive 50% of Net Proceeds on All Transaction Fees
EDISON, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTCQB: SFOR), a cyber security company that provides next-gen cyber, privacy & data protection solutions for consumers, corporations, & government agencies, announced today a new partnership with a Cryptocurrency company, whereby StrikeForce will provide its mobile & authentication technologies in-return for 50% of net proceeds on all payment transaction fees.
“I am really excited about this announcement,” says Mark L. Kay, CEO of StrikeForce, “the Decentralized Finance (DeFi) market is exploding and this literally positions StrikeForce front and center in the world of cryptocurrency transactions. StrikeForce’s partnership is the first step of many, capturing the demand and necessity, of cybersecurity in the crypto-sphere.”
“The backstory behind this new software company and their coin is incredible, I can’t wait until they launch in about a month,” says Kay. “What I can tell you is that their cryptocurrency is designed for investors that are searching for a safe financial instrument to enter the blockchain-driven world of Decentralized Finance (DeFi). Additionally, they have a charity component that helps organizations build sustainable homes and create jobs in unserved remote villages. They believe strongly in helping to close the gap in income inequality for disadvantaged youths and entrepreneurs across the globe.”
StrikeForce is providing its Panamanian partner the most secure wallet on the market, in addition to handling cybersecurity for the entire project, including its payment software. Per the executed Memorandum of Partnership, Strikeforce shall receive 50% of the net proceeds derived from all payment transaction fees, for which they project about $700,000 for this year. 2022. This revenue estimate is new and was not included in previous forecasts and should increase over the years.
We will be announcing further details in about a month when they launch.
About StrikeForce Technologies Inc.
StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions and secure video conferencing and collaboration. StrikeForce Technologies, Inc. (OTCQB: 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 applications, COVID-19, 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.
Mark Kay, CEO