StrikeForce Technologies Releases Its 3rd Qtr. 2016 10Q Financial Results

EDISON, N.J., Nov. 28, 2016 (GLOBE NEWSWIRE) -- StrikeForce Technologies (OTC PINK:SFOR) recently reported  its 3 rd 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 3 rd 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 3 rd quarter ending September 30 th, 2016.

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