EDISON, N.J., Nov. 28, 2016 (GLOBE NEWSWIRE) -- StrikeForce Technologies (OTC PINK:SFOR) recently reported its 3rd Qtr. 2016 Financial Results, which shows a 177% increase in revenues for 2016 over 2015 for the nine months, while projecting increasing revenues going forward, based on the growing demand, in stores and online for our newly boxed and mobile products, (GuardedID® PC and MAC & MobileTrust®, iPhones and Androids).
“StrikeForce and its sales channel continue to sign new retail and enterprise contracts in 2016. StrikeForce’s revenues for the nine months ended September 30, 2016 was $392,628 compared to $221,109 for the nine months ended September 30, 2015, an increase of $171,519 or over 177%, primarily due to the increase in GuardedID® keystroke encryption and MobileTrust® sales (including some ProtectID® Out-of-Band Authentication),” says Mark Kay, CEO. “StrikeForce continues its Out-of-Band Patent litigation against the three companies, which is ongoing, while recognizing the costly and unpredictable nature of litigation,” continues Kay. “StrikeForce remains very positive in regard to our developing recurring gross revenue opportunities, with all of our deals now in play. In addition we are especially enthusiastic with our enterprise channel that is growing.”
“StrikeForce is very excited about the future. We are aggressively litigating patent and intellectual property infringers,” says Kay, “as published in an article called ‘Identity Theft Statistics 2013: Why You Should Be Alarmed,’ in the July edition of Credit Donkey, the FCC reported that mobile security threats have increased more than 350% since 2010.”
Anyone interested in any questions relating to our 3rd Qtr. 10Q filing, please email your questions and/or request to 3rdQuarterReview@strikeforcetech.com for your response. Detailed financial data and other information is now available in StrikeForce Technologies, Inc. Form 10Q on the StrikeForce website and www.sec.gov, for the 3rd quarter ending September 30th, 2016.
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. (OTC PINK: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.