EDISON, NJ--(Marketwired - Apr 5, 2013) - StrikeForce Technologies (OTCBB: SFOR) today reported its year ending December 31, 2012 Financial Results, which shows continual increases in its net revenues, new product development, initiated patent litigation and progress with its sales channel strategy.
StrikeForce's net revenues for the year ending December 31, 2012 were $805,312 compared to $448,127 for the year ended December 31, 2011, an increase of $357,185 or 79.7%. The increase in revenues was primarily due to StrikeForce's recurring net revenues, maintenance payments and the increase in sales of our cyber solution software products as a result of the implementation of new contracts executed in 2012 with new international revenue streams.
"StrikeForce continues to increase its revenues throughout 2012 leading into 2013. StrikeForce also continues to execute on its current strategy of concentrating in the financial, healthcare, technology and now government markets in selling its cyber solutions primarily through its expanding international distribution channel," says Mark L. Kay, CEO of StrikeForce Technologies. "For instance, we have contracted new channel partners in Europe and the US that we project to further increase our 2013 recurring revenues." Mr. Kay continues, "With the 2013 Identity Fraud Report released this past February 2013 by Javelin Strategy & Research, where they stated that in 2012 identity fraud incidents increased by more than one million victims and fraudsters stole more than $21 billion, the highest amount since 2009, StrikeForce's future outlook keeps getting brighter."
StrikeForce is pleased to announce the Company's 2012 Year End live public WebEx Presentation on Monday, April 8th, at 1:00PM EDT, when Mr. Kay will walk through a presentation of the year ending 2012 financial results, the status of our patents and our 2013 business outlook. Anyone interested in attending and or with any questions relating to our Year End 10K filing, please email your questions and or requests to attend to YE12Review@strikeforcetech.com in order to receive your official invite and link to the live presentation and call. Feel free to share this information with others.
Detailed financial data and other information is available in StrikeForce Technologies, Inc. Form 10K on the StrikeForce website (as of April 5th, 2013) and www.sec.gov, for year ending December 31, 2012.
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 (Patent No. 7,870,599) and keystroke encryption solutions. StrikeForce Technologies, Inc. (OTCBB: 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.