StrikeForce Technologies Releases its 2nd Qtr. 2016 10Q Financial Results

EDISON, N.J., Aug. 15, 2016 (GLOBE NEWSWIRE) -- StrikeForce Technologies (OTC PINK:SFOR) today reported its 2nd Qtr. 2016 Financial Results, which shows a moderate increase in net revenues for 2016, 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, MobleTrust® iPhone and Androids).

StrikeForce and its sales channel continue to sign new retail and enterprise contracts and pilots in 2016. StrikeForce’s revenues for the six months ended June 30, 2016 was $209,599 compared to $144,737 for the six months ended June 30, 2015, an increase of $50,814 or 66.8%, 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 and anticipates a successful effort, 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 the early strong interest in our new mobile products.”

“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 2nd Qtr. 10Q filing, please email your questions and/or request to Q2Review@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 2nd quarter ending June 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.

Contact: Mark L. Kay, CEO (732) 661-9641 Q2Review@strikeforcetech.com

Source:StrikeForce Technologies, Inc.