StrikeForce Technologies Releases Its Third Quarter 2012 10Q Financial Results
November 14 2012 - 3:35PM
Marketwired
StrikeForce Technologies (OTCBB: SFOR) today reported its 3rd Qtr.
2012 Financial Results, which shows continual increases in its
gross revenues and product development.
StrikeForce's gross revenues for the three months ended
September 30, 2012 were $289,515 compared to $137,535 for the three
months ended September 30, 2011, an increase of $151,980 or 111%.
The increase in revenues was primarily due to StrikeForce's
recurring gross revenues, maintenance payments and the increase in
sales of our software products as a result of the implementation of
new contracts executed in the first, second and third quarters of
2012.
StrikeForce's gross revenues for the nine months ended September
30, 2012 were $642,596 compared to $286,695 for the nine months
ended September 30, 2011, an increase of $355,901 or 124%. The
increase in gross revenues was primarily due to sales of our
security products.
"StrikeForce continues to remain on target
with its gross revenue guidance provided in 2nd Qtr. 2012.
StrikeForce continues to execute on its current strategy of
concentrating in the financial, healthcare and technology markets
in selling its products through its growing international
distribution channel and directly," says Mark L. Kay, CEO of
StrikeForce Technologies. "With the numerous announced data
breaches and articles stating that the fraudsters are now focusing
on banks and credit unions, as reported by the Verizon 2012 Data
Breach Report and reports such as Bank Info Security's article,
'Citadel Trojan Tough for Banks to Beat,' on November 12, 2012 and
many other identity theft articles, StrikeForce's 3rd Qtr. 2012
reported financials continue to show increases in gross revenues
that we project to continue to grow throughout 2012 and beyond
mainly based on executed contracts."
StrikeForce is pleased to announce the Company's 3rd Qtr. 2012
10Q live public WebEx Presentation on Thursday, November 15th at
2PM EST, where Mr. Kay will walk through a presentation of the 3rd
Qtr. 2012 results, the status of our Patents and our 2012 full year
business outlook continuing into 2013. Anyone interested in
attending, or with any questions relating to our 3rd Qtr. 10Q
filing, please email your questions and or request to
Q3Review@strikeforcetech.com to then receive your official invite
and link.
Detailed financial data and other information are available in
StrikeForce Technologies, Inc. Form 10Q on the StrikeForce website
(starting November 15th) and www.sec.gov, for the nine month period
ending September 30, 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.
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Contact: StrikeForce Contact: Mark L. Kay (732) 661-9641
Q3Review@strikeforcetech.com
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