StrikeForce Technologies Releases Its Second Quarter 2013 10Q Financial Results
August 20 2013 - 9:08AM
Marketwired
StrikeForce Technologies (OTCBB: SFOR) today reported its 2nd Qtr.
2013 Financial Results, which shows lower net revenues, however
projecting a much stronger second half for 2013.
"StrikeForce continues to remain optimistic with new contracts
for its revenue guidance for the second half of 2013. StrikeForce's
revenues for the six months ended June 30, 2013 was $188,171
compared to $353,081 for the six months ended June 30, 2012, a
decrease of $164,910 or 46.7%, primarily due to the decrease in
GuardedID keyboard encryption sales resulting from a breach of
contract by one of our partners," says Mark Kay, CEO. "StrikeForce
has initiated litigation to recoup its losses and anticipates a
successful recovery of some or all the contractual amounts at
issue, while recognizing the costly and unpredictable nature of
litigation," continues Kay. "StrikeForce remains very positive in
regards to our recurring gross revenues, maintenance payments and
new contracts and pilots in process now and enhanced with the
projected revenue increases during the 2nd half of this year
through our growing channel strategy."
"StrikeForce is excited about our future, when considering our
new contracts, patent and other litigation, in addition to the
latest Cyber Security news in the media," says Mark L. Kay, CEO of
StrikeForce Technologies, "as published in a CNBC article on August
13, 2013, where it detailed that cyber-crime is worth around $400
billion annually. It also stated that 'cyber-crime-as-a-service' is
also a growing phenomenon where anyone can buy hacking or malware
software online."
StrikeForce is pleased to announce the Company's 2nd Qtr. 2013
10Q live public WebEx Presentation on Wednesday, August 21st at 1PM
EDT, where Mr. Kay, joined by Ram Pemmaraju (CTO) and George Waller
(EVP), will walk through a presentation of the 2nd Qtr. 2013
results, an update on our Patent litigation and our second half
2013 business outlook from a technology and sales perspective.
Anyone interested in attending, or with any questions relating to
our 2nd Qtr. 10Q filing, please email your questions and/or request
to Q2Review@strikeforcetech.com to then receive your official
invite and link. Questions after the WebEx Presentation will be
welcomed.
Detailed financial data and other information are available in
StrikeForce Technologies, Inc. Form 10Q on the StrikeForce website
and www.sec.gov, for the second quarter ending June 30th, 2013.
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.
(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: Mark L. Kay CEO (732) 661-9641
Q2Review@strikeforcetech.com
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