StrikeForce Technologies Releases Its Year Ending 2012 10K Financial Results
April 05 2013 - 8:37AM
Marketwired
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.
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Contact: StrikeForce Contact: Mark L. Kay (732) 661-9641
YE12review@strikeforcetech.com
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