EDISON, NJ--(Marketwired - Jan 7, 2014) - In looking back over 2013 and into 2014, StrikeForce Technologies, Inc. (OTCQB: SFOR) is providing insight into the State of the Company.
STATE OF THE COMPANY
We believe opportunities for StrikeForce Technologies, Inc. ("Company") are progressively promising, as we see that demand and sales of our products are growing, even though not as fast as we projected in 2013. Cyber Theft and data breaches are increasing at a faster pace and in the news almost every day with reports on Data Breaches (e.g. Target, Living Social, Federal Reserve, State of Maryland), Viruses stealing keystrokes (e.g. Facebook, Twitter, Gmail) and phishing attacks (fake websites - IRS, banks). Financial institutions are being sued and losing, and cybercrime statistics in our opinion, are projected to be into the trillions of dollars globally. In conjunction with this news, regulations focusing on protecting information are gathering strength with emphasis in the financial (FFIEC), healthcare (HIPPA), consumer (PCI) and now legal markets. If you then include various articles that state "...it is only a matter of time before your mobile device is hacked, if it isn't already," StrikeForce management contends that demand is increasing specifically for the types of features and capabilities that StrikeForce Technologies' patented and patent pending products deliver. All of this translates, in our estimation, into the potential for substantial sales and revenue growth in 2014 as the Company begins to exploit the mobile market and reaches its Vision of "Making the World a Safer Place." A detailed 2013 Year in Review and A Look Forward into 2014 is available on the StrikeForce website by clicking HERE.
We also want to alert the public that we have been made aware by some shareholders and partners, that it appears there are possibly one or multiple companies or individuals in the market that appear to be continuously selling small amounts of SFOR common shares at the bid price in a possible attempt to decrease the market price of our common stock regardless of the trading volume. Management is aware that certain shareholders and partners have filed Tip Forms and Investor Complaint Forms over the past week or so with FINRA in an attempt to aid in putting an end to this apparent negative trading and possible market manipulation. Management intends to fully cooperate with FINRA, if requested, to determine the source of any deceptive trade practices and will assist any regulatory agency, as appropriate, to halt such improper actions and maintain the integrity of the StrikeForce market.
UPCOMING SHOWS: The Company commenced a targeted marketing strategy that includes the following as examples:
- Telecom Council Meeting: Mark Kay, CEO, will be representing and demoing our new Mobile Applications at the prestigious Telecom Council meeting "Deep Dive: Mobile Commerce" in Sunnyvale, CA Thursday, January 23, 2014, by invitation only.
- RSA Security Conference: StrikeForce will be exhibiting at the annual RSA Security Show in San Francisco (February 24-February 28, 2014). Our Booth is in the South Exhibit Hall (#821).
"StrikeForce projects 2014 to be the game changing year for StrikeForce Technologies as we anticipate launching our MobileTrust and GuardedID Mobile products by the end of the 1st Qtr. 2014. StrikeForce will continue to do whatever is necessary in protecting our 'Out-of-Band' Authentication and Keystroke Encryption patents and patents pending," says Mark L. Kay, CEO of StrikeForce. "The strength and value of our products protection capabilities are increasing in sales and demand as Cyber Theft and Data Breaches increase daily and gain greater media coverage, corporate and consumer concern, let alone leading to increased Cyber Security budgets globally across all markets," says Kay. If you are able to attend the RSA Security Show in late February, please stop by our booth and say hello," says Kay.
ABOUT STRIKEFORCE TECHNOLOGIES, INC.
StrikeForce Technologies, Inc. helps to prevent cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions for desktops and mobile devices. 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 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.