StrikeForce Technologies Releases Its 1st Quarter 2014 10Q Financial Results
May 23 2014 - 12:59PM
Marketwired
StrikeForce Technologies Releases Its 1st Quarter 2014 10Q
Financial Results
Remains Bullish on 2014 Projections
EDISON, NJ--(Marketwired - May 23, 2014) - StrikeForce
Technologies, Inc. (OTCQB: SFOR) reported on May 20th its 1st
Quarter 2014 Financial Results, which shows a decrease in net
revenues as compared to 1st Quarter 2013, while remaining bullish
on the 2014 annual gross sales projections.
"StrikeForce and its global sales channel are signing new
planned deals that potentially could be strong revenue producers
during 2014 and beyond. StrikeForce's revenues for the 1st Quarter
ended March 31, 2014 was $90,901 compared to $160,991 for the 1st
Quarter ended March 31, 2013, a decrease of $70,090 or 43.5%,
primarily due to the decrease in sales of our GuardedID® keystroke
encryption sales resulting from our initiated litigation due to our
claim of a breach of contract by one of our partners, along with
delays in realizing revenues from some of our new distributor's
clients, and in delayed rollout of our new mobile security
technologies.
"StrikeForce remains very positive about our near and long term
future, even more now than ever. Our patent portfolio continues to
grow; we have signed new agreements with partners and them with
their clients in the US and abroad that will be announced in time.
Based on current agreements and their minimum sales potential, we
already anticipate reaching our minimum potential projections
stated for 2014," says Mark Kay, CEO.
StrikeForce is pleased to announce in keeping our tradition, the
Company's 1st Quarter March 31, 2014 10Q WebEx Presentation to be
available on our website for you to see and listen to sometime
starting Wednesday, May 28th, where Mr. Kay, joined by Mr. Ram
Pemmaraju (CTO) and Mr. George Waller (EVP), will walk through a
presentation of the 1st Quarter March 31, 2014 results, an update
on our patents, patent litigation and our 2014 business outlook
from a technology and sales perspective. Anyone interested in
asking any questions relating to our 1st Quarter March 31, 2014 10Q
filing, please email your questions to
1stQuarter2014Review@strikeforcetech.com for us to consider to
respond to during or after the WebEx presentation.
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 first quarter ending March 31th,
2014.
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.
(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.
Contact: Mark L. Kay CEO (732) 661-9641
1stQuarter2014Review@strikeforcetech.com
StrikeForce Technologies (QB) (USOTC:SFOR)
Historical Stock Chart
From Mar 2024 to Apr 2024
StrikeForce Technologies (QB) (USOTC:SFOR)
Historical Stock Chart
From Apr 2023 to Apr 2024