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Wednesday, June 29, 2022

Strikeforce Technologies Inc (OTCMKTS: SFOR) Major Breakout Northbound as Cyber Security Co behind products such as SafeVchat™ & PrivacyLoK™ Says Major News Announcements Coming on June 14

Strikeforce Technologies Inc (OTCMKTS: SFOR) has been on the rise in recent days in choppy waters since reversing off $0.015 lows following the company’s CEO appearance on a podcast. While the overall markets took a dive SFOR has been breaking out northbound and is currently under heavy accumulation. According to the Company there is a major news announcement coming on June 14. Management said the announcement is so big in fact, that they plan to livestream it on YouTube. SFOR is an exciting stock that likes to move skyrocketing in early 2021 from subs to well over $0.30 per share. The Company has developed a suite of effective security products and is establishing SafeVchat™ as the new privacy and security standardization in the video conferencing and collaboration industry. 

Strikeforce CEO Mark L. Kay could not be more excited about current prospects recently stating: “To say that StrikeForce is undergoing a business transformation that will reshape our future and propel sales and increase shareholder value is an understatement. We have a killer strategy for 2022, we have products, exploding market opportunity, and the monies to promote our products & services to achieve our revenue projections and then some. This coming year is going to be epic for StrikeForce.” Mark Kay is a former JPM hot shot who sued Microsoft and won stating: “We will be launching the industry’s most secure video conferencing platform, the video conferencing industry is now forecasted to hit $50+ billion by the end of 2025 (according to Global Market Insights), and Continuation Capital is funding us with others approximately up to $2,500,000 for product marketing for SafeVchat and to retire convertible debt.”

 

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Strikeforce Technologies Inc (OTCMKTS: SFOR) with executive offices in Edison, N.J., is a Cyber Security company that prevents Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions.  

SFOR plans to grow its business primarily through its globally expanding sales channel and internally generated sales, rather than by acquisitions. The Company holds a 49% interest in BlockSafe Technologies, Inc., and, as of April 2021, Strikeforce holds a 100% interest in Cybersecurity Risk Solutions, LLC.  

Since inception SFOR has developed the ProtectID® platform, GuardedID®, the Company’s keyboard encryption and anti-keylogger product, and commenced deployment of its new mobile product, MobileTrust® SFOR finished development of its SafeVchat™ Secure Video Conferencing and PrivacyLoK™ products at the end of 2020 and deployed SafeVchat™ beta testing by some by its clients and individuals through its resellers. SafeVchat™, in management’s estimation, is one of the most secure video conferencing products on the market. PrivacyLoK™ adds security to all video conferencing tools and runs in conjunction with other applications on the same computer. Management anticipates, but cannot guarantee, increased revenues from SafeVchat™ and PrivacyLoK™ in 2022, and beyond. 

All are currently being sold and distributed. ProtectID® patent titled “Multi-Channel Device Utilizing a Centralized Out-of-Band Authentication System” is protected by three patents. The keystroke encryption technology Strikeforce developed and use in its GuardedID® product is protected by three patents. MobileTrust® has a patent throughout Europe, as of June 2020. 

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SFOR

Strikeforce suite of products is targeted to the financial, e-commerce, corporate, government, healthcare, legal, insurance, technology and retail markets. The Company generated all of its revenues of $193,000 for the year ended December 31, 2021 (compared to $207,000 for the year ended December 31, 2020), from the sales of our security products. The decrease in revenues was primarily due to a reduction in the sales of its products with impairments caused by the adverse economic conditions resulting from the ongoing COVID-19 pandemic. 

Strikeforce recently signed an engagement agreement with Ankura Consulting LLC., to help expand StrikeForce’s footprint within the Federal Government and Intelligence communities. Ankura global team of cybersecurity practitioners includes leaders with extensive experience as members of the intelligence community, law enforcement personnel and federal agents, digital forensic specialists, and founders of pioneering cyber technology firms. Their experts have handled some of the largest and most sensitive cybersecurity incidents and regularly advise leading organizations on the data privacy policies. 

On May 31 Strikeforce announced it has taken all necessary steps to prove its good faith effort to achieve compliance with the Health Insurance Portability and Accountability Act (HIPAA). Through the use of Compliancy Group’s proprietary HIPAA solution, The Guard™, StrikeForce can track their compliance program and has earned their Seal of Compliance™. The Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard. 

HIPAA is made up of a set of regulatory standards governing the security, privacy, and integrity of sensitive healthcare data called protected health information (PHI). PHI is any individually identifiable healthcare-related information. If vendors who service healthcare clients come into contact with PHI in any way, those vendors must be HIPAA compliant. StrikeForce has completed Compliancy Group’s Implementation Program, adhering to the necessary regulatory standards outlined in the HIPAA Privacy Rule, Security Rule, Breach Notification Rule, Omnibus Rule, and HITECH.  Compliancy Group has verified StrikeForce Technologies Inc’s., good faith effort to achieve HIPAA compliance through The Guard. 

“Becoming HIPAA compliant was extremely important for us,” says Mark L. Kay, CEO of StrikeForce, “the Healthcare Industry continues to be the biggest victims of Healthcare Identity Theft and data breaches. Therefore, having the industry’s only Zero-Trust Video Conferencing platform, being HIPPA compliant, and being the only Video Conferencing vendor included in Forrester’s “Now Tech: Secure Communications, Q2, 2022” research report gives us a tri-factor advantage over companies like Zoom, Teams & Webex in Healthcare.” 

The growth opportunities in video conferencing over the next 5-years is staggering, and Strikefroce plans on grabbing as much of it as possible. According to Global Market Insights Inc., the video conferencing marketplace is expected to reach at least $50 Billion by 2026. By 2025, 36.2 million Americans will be working remotely, that represents an 87% increase from pre-pandemic levels (Upwork 2020). 

 

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Currently trading at a $33 million market valuation SFOR OS is 1,010,611,161 and the Company does carry over $10 million in liabilities on the books which has led to significant dilution in the past. But SFOR is worth a look at current levels; the stock that likes to move skyrocketing in early 2021 from subs to well over $0.30 per share. The Company has developed a suite of effective security products and is establishing SafeVchat™ as the new privacy and security standardization in the video conferencing and collaboration industry. Recently, the Analyst Group Forrester Research added StrikeForce’s SafeVchat to their “Now Tech: Secure Communications, Q2, 2022” research report. According to the Company there is a major news announcement coming on June 14 which they plan to livestream it on YouTube. CEO Mark L. Kay has previously announced a no split policy moving forward. SFOR is an SEC filer and is looking to uiplist to OTCQB during 2022. We will be updating on SFOR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SFOR.

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Disclosure: we hold no position in SFOR either long or short and we have not been compensated for this article

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