SOURCE: StrikeForce Technologies

August 02, 2006 08:00 ET

StrikeForce Signs Agreement With Netmarks Singapore to Distribute Products Throughout Asia

EDISON, NJ -- (MARKET WIRE) -- August 2, 2006 -- StrikeForce Technologies (OTCBB: SKFT), a company that specializes in the prevention of Identity theft, announced today that they have signed a reseller agreement with Netmarks Singapore PTE Ltd. to distribute StrikeForce products throughout Asia.

Identity theft is the fastest growing crime in the world, with estimated annual losses skyrocketing into the hundreds of billions of dollars for corporations and consumers. Netmarks Singapore, a subsidiary of Netmarks Japan, is looking to help prevent these losses by selling StrikeForce's Identity theft solutions throughout China, Malaysia, Singapore, Indonesia, India, Thailand and the Philippines.

To speed product to market, Netmarks Singapore has already signed up several large resellers throughout China and the Philippines. One of their larger resellers Microbase, out of the Philippines, has already started to show StrikeForce's Identity solutions to its customer base, which includes China Banking Corp., Asian Development Bank, and the University of Asia & the Pacific. "This could potentially mean millions in revenues," said Mark L. Kay, CEO of StrikeForce.

"Netmarks Singapore chose to represent StrikeForce's ProtectID™ Authentication Platform because it offers multiple authentication scenarios; which gives Netmarks customers the flexibility to select from a multiple of authentication methods to meet their deployment needs," says Ang Swee Huat, Managing Director of Netmarks Singapore.

ProtectID supports multiple methods of strong authentication, including cell phone-based PINs, and one-time password generators (on a token, mobile device or computer). With the heavy use of mobile phones in Asia, Netmarks is confident that StrikeForce's ProtectID Out-of-Band authentication platform, which includes a soft token one-time password for mobile devices, will generate more sales revenue for their territories. ProtectID is also the industry's first solution that bundles a primary and secondary method of authentication. This redundancy gives users flexibility to authenticate their identities in their preferred manner and ensures that they always have secure access to their banking, corporate and ecommerce applications, eliminating lockouts and the high support costs related to lost productivity.

About StrikeForce Technologies

StrikeForce Technologies, a leader in solutions that helps prevent identity theft, is a company that can protect customers, partners and employees -- in real time against identity fraud. Its total protection solution strengthens companies' defenses against the biggest points of fraud -- when accounts are opened, when they're accessed, when they're changed, and each time there's a new transaction. StrikeForce Technologies is trading on the OTC bulletin board (SKFT) and the company is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or (866) 787-4542.

About Netmarks

Netmarks Inc. was established in 1997 to provide network infrastructure services to customers in Japan and other countries in Asia using the best-of-breed technologies. Netmarks' flexibility and pursuit of excellence has allowed it to adopt advanced technology developed worldwide, including IP LAN network systems, wireless systems, security systems, and WAN network and server / storage applications. Utilizing these products and technologies, Netmarks offers customers the best-suited solutions, from consultation services, through system design and construction, to maintenance and remote monitoring services. For more information about Netmarks, please refer to http://www.netmarks.co.jp.

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