EDISON, NJ, Nov. 22, 2022 (GLOBE NEWSWIRE) — Zerify, Inc. (ZRFY) (“Zerify” or the “Company”), the 21-year-old cybersecurity company focused on secure video conferencing solutions and formerly known as StrikeForce Technologies, today provides a corporate update on the Company’s activities that coincides with the Company’s filing of its third fiscal quarter financial results for the quarter ended September 30, 2022. The company’s Form 10-Q is available through US Securities and the Exchange Commission’s (SEC) website, www.sec.gov.
Mark Kay, Chairman and CEO of Zerify, comments:
“Our 2022 third quarter revenue decreased slightly to $22,000 compared to our 2022 second quarter revenue of $24,000. However, feedback from our distributors and partners on our Zerify Meet and Zerify Defender solutions has been positive, and we expect an acceleration in end-user orders and sales in 2023. Our partnership with VationVentures is showing early signs of a potentially significant contribution in 2023 and we are optimistic that this will result in an expanded reseller channel program in the coming months. As a reminder, the goal of the VationVentures relationship was to provide us with three to five strategic partners and 15-25 VARs (Value-Added Resellers). Additionally, our relationship with PushForce is on track to accelerate in Q1 2023 and we look to gain a foothold with their top customers over time.
“The big driver of our expected demand is the recognition among IT professionals that cyber threats and foreign attacks on video conferencing applications raise valid concerns about privacy and the protection of proprietary data. Our Meet, Defender, and API-specific product solutions are the only Zero Trust architecture offerings on the market that provide secure video conferencing solutions. Meet is our secure standalone video conferencing platform, Defender secures all competing video conferencing platforms including Zoom and Teams and protects your camera, microphone and keyboard, while the API embeds secure video conferencing into existing applications such as CRMs and ERPs. Our products have received industry acclaim for their robustness from companies like Forrester and we must reiterate that there are no other products like ours on the market.
“In order to raise awareness of our unique video conferencing solutions, we have increased our marketing and sales efforts as we believe we currently have the only viable solution to such video conferencing threats on the market. Raising awareness of our product offerings is both necessary and critical. As part of these initiatives, we have also attended a number of recent investment conferences, twice at the Emerging Growth Conference and at the Dawson James Small Cap Growth Conference. I urge interested investors to listen to archived replays of my presentations from each of these conferences. I would also like to add that we are awaiting FINRA approval to begin our Reg-A funding round and any interested investors who believe in our strategy, our products, our management team and our ability to execute are welcome to join participate and help us raise the necessary capital to implement our strategy.
“In summary, we are encouraged on our strategic path and company prospects as we expect 2023 to be a year of growth, particularly revenue growth. Our solutions are needed in today’s video conferencing world and we are taking this opportunity to provide a more secure method of communication.
“Finally, I look forward to speaking to our shareholders at our virtual AGM on January 20, 2023,” concludes Mr. Kay.
Zerify, formerly StrikeForce Technologies, helps consumers, businesses and government agencies prevent cyber theft and data security breaches and focuses on secure video conferencing solutions. It provides powerful two-factor out-of-band authentication and keystroke encryption along with mobile solutions. Headquartered in Edison, NJ, Zerify can be reached by phone at (732) 661-9641 or toll-free at (866) 787-4542.
Safe Harbor Statement:
The matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As 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 may differ materially from those intended, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the Company’s expectations and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties related to: the sale of the Company’s identity protection software products in various channels and market sectors, the issuance of the Company’s pending patent applications, COVID-19 and the impact of economic, competitive and other factors affecting the Company and affect its operations, markets, products and distribution performance; the impact on the national and local economy as a result of acts of terrorism and subsequent US actions; and other factors identified in reports filed by the Company.