StrikeForce Technologies Releases Its First Quarter 2012 10-Q Financial Results
May 21 2012 - 12:50PM
Marketwired
StrikeForce Technologies (OTCBB: SFOR) today reported its 1st Qtr
2012 Financial Results, which shows continual increases in its
gross revenues.
StrikeForce's revenues for the three months ended March 31, 2012
were $184,654 compared to $100,805 for the three months ended March
31, 2011, an increase of $83,849 or 83.2%. The increase in revenues
was primarily due to the increase in sales of our software products
as a result of the implementation of several new contracts executed
in the first quarter of 2012 and continual increases in significant
contracts signed in 2011 and prior. The gross revenues for the 1st
Qtr 2012 are 14.4% greater than the 4th Qtr 2011 gross revenues for
the same reasons.
"StrikeForce is executing on its current strategy of
concentrating in the financial, healthcare and technology markets
in selling its products direct to customers and through its growing
international distribution channel," says Mark L. Kay, CEO of
StrikeForce Technologies. "With the numerous announced data
breaches as reported by the Verizon 2012 Data Breach Report and
other publications noting almost daily identity theft events,
StrikeForce reported financials are starting to show the continual
growth in gross revenues that we project that will continue to grow
throughout 2012 and beyond," continues Kay.
StrikeForce is pleased to announce the Company's first live
public Webex Presentation on Tuesday, May 22nd at 1PM EDT, where
Mr. Kay will walk through a presentation of the 1st Qtr 2012
results, inclusive of explaining the details of the recently
reported 8K, the status of our "Out-of-Band" Patent and our 2012
business outlook. Anyone interested in attending please email your
request to Q1Review@strikeforcetech.com to then receive your
official invite.
Detailed financial data and other information are available in
StrikeForce Technologies, Inc. Form 10Q on the StrikeForce website
and www.sec.gov, for the three month period ending March 31,
2012.
ABOUT STRIKEFORE 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 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.
Contact: StrikeForce Contact: Mark L. Kay (732) 661-9641
marklkay@strikeforcetech.com
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