|By Marketwired .||
|August 20, 2013 09:08 AM EDT||
EDISON, NJ -- (Marketwired) -- 08/20/13 -- 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.
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.
Mark L. Kay