EDISON, NJ -- (Marketwired) -- 05/17/13 -- StrikeForce Technologies (OTCBB: SFOR) today reported its 1st Qtr. 2013 Financial Results, which shows net revenues on track for the year ending 2013 and global product development increasing.
"StrikeForce continues to remain on target with its revenue guidance for the year ending 2013 provided from our 2012 year end WebEx presentation. StrikeForce's net revenues for the three months ended March 31, 2013 were $160,991 compared to $184,654 for the three months ended March 31, 2012, a decrease of $22,263 or 12.8%. StrikeForce remains very positive in regards to our recurring net revenues, maintenance payments and new pilots in process now and especially with the projected revenue increases later this year through our growing planned channel strategy.
"StrikeForce is executing on its international channel strategy and starting to see the benefits of our exciting global plan. We recently signed up new channel partners and others in process," says Mark L. Kay, CEO of StrikeForce Technologies. "As published in the latest 2013 Verizon Data Breach report, they examined 47,000 security incidents of data breaches in 2012 encompassing over 1.1 billion compromised records since their reports started. This years' report stated 'In the land of financially motivated breaches, spyware (which includes keyloggers) is King,' which StrikeForce has the real-time answer for, unlike the anti-virus programs. StrikeForce has recently been quoted in various media and noted in an article by American Banker for having a special solution to help prevent cyber-attacks, such as the $45 million well published global bank heist."
StrikeForce is pleased to announce the Company's 1st Qtr. 2013 10Q live public WebEx Presentation on Tuesday, May 21st at 11AM EDT, where Mr. Kay will walk through a presentation of the 1st Qtr. 2013 results, an update on our Patent litigation and our 2013 full year business outlook. Anyone interested in attending, or with any questions relating to our 1st Qtr. 10Q filing, please email your questions and or request to Q1Review@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 and www.sec.gov, for the first quarter ending March 31st, 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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Mark L. Kay
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