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VerifyMe Reports First Quarter Fiscal 2018 Financial Results

ROCHESTER, N.Y., May 16, 2018 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions, today announced first quarter fiscal 2018 financial results for the period ended March 31, 2018.

Quarterly Highlights

  • Announced reseller agreement with Micro Focus for global product authentication services;
  • Appointed Mr. Carl E. Berg and Mr. Harvey Eisen, renowned investors and businessmen to board of directors;
  • Signed technology licensing agreement with a leading Nasdaq listed global label solution provider;
  • Entered into a strategic partnership with S-One Labels & Packaging, a division of S-One Holdings Corporation; and
  • Signed a Technology Licensing Agreement with intelligent packaging solutions provider eAgile.

Financial Highlights

  • Net loss increased to $1,123,633 from the first quarter 2017 net loss of $304,587;
  • Total Adjusted EBITDA (a non-GAAP financial measure) for the first quarter of 2018 was $(48,905) versus $(188,658) in same period last year, an improvement of $139,753;
  • Cash balance as of March 31, 2018 was $2,341,401 compared to $693,001 as of December 31, 2017, and $23,222 as of March 31, 2017.

Management Discussion

Patrick White, President and Chief Executive Officer of VerifyMe, stated, "We achieved a key objective during the first quarter that will optimize our future earnings as we move the company into the revenue generation phase of our development process. During the quarter, we made a financial strategic decision to end a future revenue sharing program, so that we could benefit entirely from all future revenues. To do this, we paid out cash in relation to the Settlement Agreement outlined in the adjusted EBITDA chart below, of $500,000. We feel that the future savings that will be incurred by this transaction will significantly outweigh the cost."

Also, during the first quarter we announced two contracts with new highly credible clients who represent many well-known blue-chip global brand owners. On the physical goods side, not a day goes by without a news story about fraudulent goods being sold in the marketplace, which not only cause harm to the end users, but are damaging to companies' reputations and brands. It is these exact reasons which we hear directly from customers why they are searching for verification capabilities. So too is the situation when it comes to digital verification, whereby companies must have comfort in knowing that the person signing on, is actually that person. VerifyMe's digital biometric verification solution has the capabilities once fully developed to offer multi-factoring verification, which is starting to emerge. We've made significant strides with our software verification solution and expect to complete development so it will be ready to go to market in 2018."

Mr. White continued, "On the financial front, while we are on track to report revenues in the near-term, the company's capital structure is strong, thanks to the commitments made by the new board members during the quarter. We ended the first quarter in excess of $2.3 million in cash, significantly reduced our payables and the company has no debt. Our cash burn from ongoing operations in the quarter was minimal. We anticipate that the working capital on hand should give the company enough financial flexibility to implement our strategy and goals for the coming year and beyond."

Mr. White concluded, "Fiscal 2018 is off to a strong start, whereby we secured several key agreements to establish a strong foundation for the company's future. Our agreement with Micro Focus and S-One are transformational, as they have enabled VerifyMe to have the necessary infrastructure to compete on a global basis. In addition, the other agreements signed during the first quarter were also of significance to our company. Initially, they prove that our technologies work and meet the necessary verification criteria these customers are desiring. More importantly, we expect these relationships to begin to provide the company with early stage revenues in the second half of the calendar year."

Important Milestones to Watch For:

  • Revenue Generation
  • Additional Licensing Contracts
  • New Cloud Connected Authentication Device
  • Deployment of Multi-Factor Authentication for E-Signatures

Non-GAAP – Financial Measure:

This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of VerifyMe nor are they intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Our management uses and relies on Adjusted EBITDA, a non-GAAP financial measure. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measure in planning, forecasting and analyzing future periods. Our management uses this non-GAAP financial measure in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measure has inherent limitations because of the excluded items described above. VerifyMe excludes these expenses because they are non-cash or non-recurring in nature.

We have included in the table below a reconciliation of our non-GAAP financial measure to the most comparable financial measure calculated in accordance with GAAP. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between VerifyMe and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

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About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Cautionary Note Regarding Forward-looking Statements

This release contains forward-looking statements regarding future revenue opportunities, future earnings, future savings form certain revenue sharing agreements, and important milestones, which involve uncertainty and risk. The words "believe," "may", "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the company's ability to work with larger partners in selling its technologies to large businesses, and issues which may affect its patents including potential litigation. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2017. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For Licensing or other information contact:

Company: VerifyMe, Inc.
 Email: IR@verifyme.com
 Website:  http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

For the complete press release including financial tables please view the original press release at https://www.prnewswire.com/news-releases/verifyme-reports-first-quarter-fiscal-2018-financial-results-300649475.html

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Harvey Eisen, Chairman and CEO of Wright Investors' Service Holdings, Inc. Named to VerifyMe's Board of Directors

ROCHESTER, N.Y., April 20, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions, today announced changes to the makeup of its board of directors. The company has appointed Mr. Harvey P. Eisen to its board of directors. Mr. Eisen is currently the Chairman, CEO and Director of Wright Investors' Service Holdings, Inc. (WISH). Mr. Eisen also served as Chairman of Bedford Oak Advisors, LLC, an investment partnership since 1998 and Chairman and Director of GP Strategies since 2004. Mr. Eisen was previously Senior Vice President of Travelers, Inc. and held various executive positions with Primerica, SunAmerica Corp., and Integrated Resources Asset Management. Mr. Eisen was President and Portfolio Manager of Eisen Capital Management for 10 years and he began his career as an analyst with Stifel, Nicolaus & Co. and Wertheim. Mr. Eisen is widely recognized as one of the country's leading portfolio managers and is often consulted by the national media for his expertise of the investment marketplace. Mr. Eisen is frequently quoted in The Wall Street Journal, The New York Times, Pension World, U.S. News & World Report and Bloomberg Businessweek and appears regularly on various television programs like CNN, CNBC, Bloomberg TV and Fox News.

Mr. Patrick White, President and Chief Executive Officer of VerifyMe, stated, "It is my pleasure to welcome Harvey as a new director of VerifyMe. Harvey is well known in the investment community as one of the leading portfolio managers in the U.S. He has in excess of 30 years' experience and is often a guest and recognized in the national media (CNBC, Bloomberg) for his business acumen and knowledge of the financial markets. On behalf of the board of directors, we look forward to working closely with Harvey and the contributions he'll provide to our company."

The company also regrets to announce the untimely passing of Mr. Claudio R. Ballard, a member of the board of directors since March 30, 2013. This sudden, unexpected event was unrelated to the election of Harvey Eisen.

Mr. White added, "We are saddened by the untimely loss of our fellow board member Claudio Ballard. Claudio was instrumental in helping the company over the past few years. He will be sorely missed, and we have our deepest sympathies for his family and friends."

About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

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VerifyMe Reports 2017 Financial Results and Provides Corporate Overview and Business Outlook

Company turnaround well underway with several key agreements signed with major corporations, creating pathway for revenue growth during FY18

Announces Removal of Auditor's "Going Concern" Opinion from Its 2017 Form 10-K

Non-GAAP Adjusted EBITDA Improves 38%

ROCHESTER, N.Y., April 17, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions, announced Fiscal Year 2017 results and that the going concern paragraph has been removed from its audit opinion contained in its filing of Form 10-K for the year ended December 31, 2017.

"Having the going concern issue removed from our audit opinion for the first time in the company's history is a significant accomplishment further affirming VerifyMe's successful transformation to a well-funded technology service provider," noted Patrick White, Chief Executive Officer. "Having the stigma of the going concern opinion removed restores confidence, not only in our stockholders, but also in the capital markets, customers and investing public in general. The Board is committed to maintain a solid financial foundation. We remain absolutely focused in executing our long-term strategy to grow the Company," further remarked Mr. White.

Recent Highlights (subsequent to the end of Fiscal Year 2017)

  • Signed technology licensing agreement with a NASDAQ listed leading global label solution provider;
  • Appointed Mr. Carl E. Berg, a renowned investor and businessman to the board of directors;
  • Appointed Mr. Jay Cardwell as the Company's Chief Financial Officer;
  • Announced reseller agreement with NYSE listed Micro Focus for global product authentication software cloud services;
  • Entered into a global strategic sales, marketing and support partnership with S-One Labels & Packaging, a division of S-One Holdings Corporation;
  • Signed Technology Licensing Agreement with Intelligent RFID Packaging Solutions Provider eAgile

Fiscal Year 2017 Highlights

  • Entered into a major, global 5-year contract with HP Indigo in September 2017, which enables HP Indigo to enable its worldwide 6000 model machines to print with VerifyMe's RainbowSecure™ inks
  • Restructuring and recapitalization plan implemented with substantial cash invested by newly appointed members of the Company's board of directors
  • Appointment of Patrick White as President and Chief Executive Officer, former American Bank Note executive officer, Keith Goldstein as Chief Operating Officer and Sandy Fliderman as Chief Technology Officer.
  • Our financial statements are no longer subject to a 'Going Concern' opinion for the first time in seven years; due to a strengthening of the Company's current balance sheet.

Financial Highlights

  • Operating expenses lower by 24.3% compared to Fiscal Year 2016;
  • Operating losses for Fiscal Year 2017 was $2.8 million compared to $3.7 million for Fiscal Year 2016;
  • Cash balance at the end of December 2017 was $693,001 compared to $22,644 at the end of Fiscal Year 2016; (April 16th, 2018 cash position = $2.3 million)
  • Year over year Non-GAAP Adjusted EBITDA improves 38%

Management Discussion

Patrick White, President and Chief Executive Officer of VerifyMe, stated, "Fiscal 2017 was a pivotal year for the company, as we expanded our board by adding highly successful, experienced and seasoned businessmen and added new executives, including myself which improved the financial and operational structures of our organization. I am pleased to report that during Fiscal Year 2017 we were able to make significant improvements to the company's financials as we reduced our liabilities and increased our cash position. These activities coupled with the multi-billion-dollar authentication industry opportunity has created the foundation to put the company on a growth track for years to come. The most significant accomplishment of the year was that we were able to secure a 5-year contract with HP Indigo to include our RainbowSecure ink technologies in HP Indigo's digital printing machines. This will allow HP Indigo's 6000 model owners to seamlessly incorporate authentication measures on printed labels and packaging for brand owners. One of our biggest challenges was that HP is a global company and VerifyMe therefore needs to sell, service and support a global clientele. This was achieved with our recently announced marketing, sales and support contract with S-One corporation. They will market and handle all of the necessary needs of our global new client base on our behalf."

Mr. White concluded, "While we still have lots more to do, I am pleased with the accomplishments we secured in a short amount of time since I joined last summer. The HP Indigo contract has literally opened the door for VerifyMe in several instances and the proof is seen in the several key relationships we recently announced. I am also pleased with the progress in our digital biometric development and believe the Company has a viable future ahead in the biometric "people verification" segment. Various opportunities have presented themselves and we are in the midst of filling our sales pipeline with deal flow, which is at various stages – both on the physical and digital/biometrics sides of the business. Given the deal flow we've recently achieved, we expect revenue to commence ramping up during the second half of fiscal 2018. We expect HP to begin the global product rollout later this year as well as the S-One global marketing process. Both initiatives should enhance our product reach 10-fold. Our business sales cycle is long, but it will be expedited with the help and support of HP and S-One. In the coming months, investors should expect to see VerifyMe achieve a number of value-driving milestones and I look forward to sharing these developments with our shareholders as they transpire."

Printing Technology Milestones:

  • HP/S-One Global Sales and Marketing Rollout of our RainbowSecure™ Technology
  • New Licensee Announcements with Major Brand Owners and Integrators
  • First Revenue Generation

Digital Technology Milestones:

  • New Installations of VerifyMe Multi-Factor Authentication Systems
  • New Licensee Announcements with Secure Data/Financial Transaction Systems
  • First Revenue Generation

The following table presents a reconciliation of Net Loss to Adjusted EBITDA, a Non-GAAP financial measure:

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This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measure should be viewed as supplemental to, and should not be considered as alternatives to net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. They may not be indicative of the historical operating results of VerifyMe nor are they intended to be predictive of potential future results. Investors should not consider the non-GAAP financial measure in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Our management uses and relies on Adjusted EBITDA which is a non-GAAP financial measure. We believe that both management and shareholders benefit from referring to the following non-GAAP financial measure in planning, forecasting and analyzing future periods. Our management uses this non-GAAP financial measure in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. Our management recognizes that the non-GAAP financial measure has inherent limitations because of the excluded items described in the table above.

VerifyMe defines Adjusted EBITDA as earnings (or loss) from continuing operations before the items in the table above. VerifyMe excludes these expenses because they are non-cash or non-recurring in nature.

We have included a reconciliation of our non-GAAP financial measure to the most comparable financial measure calculated in accordance with GAAP. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between VerifyMe and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measure and the corresponding GAAP measure provided by each company under applicable SEC rules.

About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Forward Looking Statements

Certain statements in this press release include forward-looking statements including statements regarding our growth track, our expected revenues, milestones, the HP Indigo global product rollout, beginning the S-One global marketing and our position in the biometric identification market. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

Important factors that could cause actual results to differ from those in the forward-looking statements include the risk factors contained in our Form 10-K which we filed on April 16, 2018. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

For the complete press release including financial tables please view the original press release at https://www.prnewswire.com/news-releases/verifyme-reports-2017-financial-results-and-provides-corporate-overview-and-business-outlook-300631347.html

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VerifyMe Signs Technology Licensing Agreement with Intelligent Packaging Solutions Provider eAgile

IoT/RFID Specialist eAgile to now offer its customers VerifyMe's RainbowSecure™ Ink Identifier Serialization Technology

ROCHESTER, N.Y., March 27, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions today announced a reseller agreement with eAgile, a world-class provider and innovator of IoT Solutions including RFID labels, tags and intelligent packaging solutions. Under the terms of the agreement, eAgile will be able to offer its clients VerifyMe enabled HP Indigo Security ElectroInk (marketed as RainbowSecure).

Peter Phaneuf, president of eAgile, stated, "Many of our clients are delivering high-level or premium-based products to the marketplace and look to eAgile to have the necessary technologies to make sure their products are delivered to customers in a safe, authentic and compliant manner. By partnering with VerifyMe, we can now offer our clients another layer of track and trace capabilities to make sure our customers' goods are distributed properly."

eAgile CEO Gary Burns said: "Global brand owners already trust HP for the highest quality digital print for all of their consumer facing products. eAgile is pleased to be collaborating with a true leader to bring a turn-key security and authentication solution such as the RainbowSecure™ ink for brand protection."

Patrick White, president and chief executive officer of VerifyMe, commented, "I am pleased to announce this agreement with eAgile, a global company in the label and packaging marketplace. Customers of eAgile rely on their expertise in sophisticated secure track and trace capabilities. eAgile recently purchased an HP Indigo 6900 digital press, which proves their commitment to providing customers with the best high-speed security digital printing and track and trace features. Now with this new printer, eAgile can offer its clientele our RainbowSecure™ authentication inks, which can authenticate, serialize and provide track and trace capabilities. We look forward to working with eAgile and assisting their customers to make sure their products are securely delivered to end users."

According to reports prepared and published by Marketandmarkets.com the global anti-counterfeit packaging market is estimated at $107.26 billion in 2016 and is projected to reach $206.57 billion by 2021, at a compound annual growth rate of 14.0%. The base year considered for the study is 2015 with the market size projected from 2016 to 2021. The track and trace solutions market is projected to reach USD 3.93 billion by 2023 from USD 1.65 billion estimated in 2018, at a CAGR of 18.9%.

About eAgile Established in 2004, eAgile sets the industry standard in IoT solutions and is a world-class provider and innovator of RFID labels, tags and intelligent packaging solutions. In our vertically integrated facility we design, manufacture and distribute standard or customized RFID products in UHF, HF, NFC, LF and Dual frequencies across a wide variety of form factors. eAgile's RFID tag production, personalization, custom data management software is governed by a stringent ISO 9001:2015 certified quality management system to ensure continued excellence. eAgile's commitment to innovation, quality and providing customer focused solutions drives every aspect of our business from tag selection to the design and integration of complete RFID infrastructures. To learn more, visit www.eAgile.com

About VerifyMe, Inc. VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks, pigments and software that performs track and trace business intelligence. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms.To learn more, visit www.verifyme.com.

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 -- New York 602-889-9700 -- Phoenix vrme@lythampartners.com

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VerifyMe Signs Global Marketing and Selling Agreement with S-One Labels & Packaging

S-OneLP to also provide full customer support services; VerifyMe and S-OneLP to present at Dscoop, March 25-28

ROCHESTER, N.Y., March 22, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions, announces a global co-marketing and selling agreement with S-One Labels & Packaging, a newly established division of Sarasota, FL-based S-One Holdings Corporation. Under the terms of the agreement, S-OneLP will act as a sales and marketing contractor for VerifyMe's printed products and services on a global basis.

"This agreement with S-One is of great value to a company of our size," says Patrick White, president and chief executive officer of VerifyMe. "S-One has a proven track record of successfully representing international brands and brings to VerifyMe deep experience and relationships in the global digital print space. With S-One's global reach, VerifyMe will be able to leverage their expertise and capabilities by allowing them to not only market and sell our offerings, but also provide full customer support and back-office services, including customer help, troubleshooting, strategy sessions, and video demonstrations. We are extremely pleased to be partnering with S-One and look forward to a rewarding relationship."

Ralph Giammarco, vice president of S-One Labels & Packaging, says, "We are excited with this new relationship with VerifyMe. Partnering with VerifyMe is timely for us as our company recently established our new division, S-One Labels & Packaging, which has become a significant part of our offerings, especially with the HP Indigo platform of printers. By having VerifyMe aboard, we can now offer key authentication and validation products and services to our existing and new customers in the labels and packaging space; a very large market where VerifyMe's products reduce the rising threat of counterfeiting and product diversion. In addition, we also have the capabilities of assisting these clients with any implementation issues that may arise."

VerifyMe will present at Dscoop's Unleashing Print Inspiration Experience in Dallas, Texas, March 25-28 in the Solutions Showcase New Products & Innovation Pavilion. S-OneLP will present in the Solutions Showcase Booth #131.

About S-One Labels & Packaging

S-OneLP is a new division of S-One Holdings Corporation providing in-line, off-line and custom primers, pre-laminate films, thermal laminates and custom coatings for HP Indigo print providers, as well as materials, technical know-how and integrated solutions for digital label and flexible packaging printing. To learn more, visit S-OneLP.com.

About VerifyMe, Inc. VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks, pigments and software that performs track and trace business intelligence. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit VerifyMe.com.

For licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 – Phoenix vrme@lythampartners.com

Media Contact Shellie Terry, S-OneLP 941-256-7915; shellie.terry@sone.com

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VerifyMe Signs Technology Licensing Agreement with a Leading Global Label Solution Provider

One of the world's largest label printers to offer VerifyMe's HP Indigo enabled RainbowSecure™ covert serialization and identifier technology for brand owners

ROCHESTER, N.Y., March 7, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions announced today a co-marketing and licensing agreement with a leading global label solution provider. The corporate name of the secure label manufacturer has been withheld at its request for security reasons. Under the terms of the agreement, this label manufacturer will be able to create and print labeling containing the VerifyMe RainbowSecure™ ink technology.

As previously announced, VerifyMe has a partnership agreement with HP Indigo to manufacture Indigo Security ElectroInks containing the VerifyMe, RainbowSecure™ security ink. This ink technology is printed on HP Indigo digital printing presses. The RainbowSecure™ secure ink technology is an identifier that is used for serialization, counterfeit protection, authentication and track and trace functions. VerifyMe also offers a business intelligence software product called, "VeriPAS" that performs global product authentication, tracking and tracing that works in conjunction with the RainbowSecure™ technology. As defined by this agreement, VerifyMe will receive a contracted per label or package fee based upon volumes printed. VerifyMe expects revenues from this contract to begin in the next quarter and ramp forward.

For reference purposes, the global anti-counterfeit packaging market is estimated at $107.26 Billion in 2016 and is projected to reach $206.57 Billion by 2021, which computes a compound annual growth rate of 14.0%. The base year considered for the study is 2015 with the market size projected from 2016 to 2021 based on a report by marketsandmarkets.com.

Patrick White, president and chief executive officer of VerifyMe, commented, "We are very pleased that a global billion-dollar label solutions company has successfully tested and selected our covert RainbowSecure™ variable serialization identifier ink technology. This contract is a milestone for VerifyMe as we leave the development stage and enter the revenue growth stage of our company's evolution. With printing plants located around the world, this premier label solution provider has many clients with well-known brands in all major consumable product categories including healthcare. This agreement will enable our licensee to create and print labels for its brand owner clients with VerifyMe authentication capabilities utilizing their HP Indigo digital and traditional printing presses. The next step is to execute and support our licensee in their pursuit to implement the technology for their global customer base."

About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks, pigments and software that performs track and trace business intelligence. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com.

Safe Harbor Statement

This release contains forward-looking statements regarding generation of revenue and support of the Company's partner, which involve uncertainty and risk. The words "believe," "may", "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the anticipated results may not be achieved. Important factors that could cause actual results to differ from those in the forward-looking statements include the Company's ability to support its partner's efforts and general economic conditions throughout the world since the labels primarily serve consumers and therefore are printed in response to consumer demand for the underlying products. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For Licensing or other information contact:

Company: VerifyMe, Inc.

Email: IR@verifyme.com

Website: http://www.verifyme.com

For investors contact:

Lytham Partners

Adam Lowensteiner or Robert Blum

646-829-9700 – New York

602-889-9700 - Phoenix

vrme@lythampartners.com

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Mr. Carl E. Berg Appointed to the Board of Directors of VerifyMe

Renowned Venture Capital Investor and Businessman has Sizable Investment in Company

ROCHESTER, N.Y., March 5, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions today announced Mr. Carl E. Berg has been appointed as a member of its Board of Directors. Mr. Berg has become a significant investor in VerifyMe, recently reporting that he has accumulated approximately a 16% stake in the company.

Mr. Berg is a businessman, real estate investor, and venture capitalist who has been included in Forbes magazine's list of the 400 wealthiest people in America numerous times. He currently is Co-Founder, Chairman of the Board and Principal Investor of BERG, LLC, a Boston-based company in the healthcare space focused on improving the efficiency and access of care by using patient biology as the central core to developing drugs and diagnostics. Mr. Berg is one of the co-visionaries of Silicon Valley where he has been developing, leasing, owning and operated R&D and office buildings since 1963. Mr. Berg has built or owned over 15 million square feet of commercial real estate and was the Chairman of the Board and CEO of Mission West Properties, Inc., from 1997 until its sale in 2012. Mission West Properties was a public real estate investment trust with Microsoft & Apple as major tenants.

Mr. Berg has also been involved in the venture capital business since 1965 and was the first investor in Integrated Devices Technology and Sun Microsystems. He has been a major investor in over 100 other technology companies including NetLogic, Savi Technology, On Command Video, QED and INS. He currently serves as a member of the board of directors multiple companies including, BioElectron Technology Corporation, Voice Carrier and Quintess.

Patrick White, president and chief executive officer of VerifyMe, commented, "As a fellow director, it is my pleasure to welcome Carl as a member of the board of directors of VerifyMe. Carl's joining the board is a huge win for VerifyMe and its shareholders. Already Carl has shown his confidence in our company and what we are looking to accomplish by making a significant investment. In addition, Carl will not only add his extremely successful business expertise to our board, he will also open doors to his vast network of business relationships which should significantly help quicken our growth efforts to expand our technologies and products in the marketplace."

About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks, pigments and software that performs track and trace business intelligence. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com.

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

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VerifyMe Appoints Mr. Jay Cardwell As Chief Financial Officer

ROCHESTER, N.Y., Jan. 18, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions today announced it has appointed Mr. Jay Cardwell, CPA, as its chief financial officer, effective immediately.

Mr. Cardwell has more than 35 years of comprehensive experience in, SEC reporting & compliance, financial reporting, tax research & compliance, strategic planning, treasury and cash management as well as strategic planning, mergers & acquisitions, international accounting, due diligence investigations, expert analysis for dispute resolution, operations management ranging from early stage project development to large multi-tiered international organizations.

Mr. Cardwell has been the COO of The CFO Squad LLC since July 2015 providing a variety of CFO support and signatory services from pre-audit services, M&A Advisory, SEC compliance, tax compliance, financial reporting and other services for clients. Prior to The CFO Squad, Mr. Cardwell held CEO, CFO & COO and director roles for companies within the entertainment industry. Mr. Cardwell began his career with Arthur Andersen & Co (St. Louis) with clients including General Dynamics, Anheuser-Bush, and May Department Stores. In addition, Mr. Cardwell continues to serve as a trustee for charitable organizations as well as a treasurer. Mr. Cardwell has been CPA licensed in the State of New York since 1986 and a graduate of Illinois State University in Accounting, Alumni Honoree.

Patrick White, president and chief executive officer of VerifyMe, commented, "It is my pleasure to welcome Jay as VerifyMe's CFO. His comprehensive background especially mergers and acquisitions and international experience will add skill sets and depth to our executive team and will assist VerifyMe with some major opportunities which require Jay's expertise. I believe Jay will be a great asset to our company and looking forward to a rewarding relationship."

About VerifyMe, Inc. VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people and associated financial transactions by performing non-password multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com. Interested Brand Owners & financial institutions should contact our sales team, phone: 585-736-9400 or email: info@verifyme.com.

For Licensing or other information contact: VerifyMe, Inc., Email: IR@verifyme.com, Website: http://www.verifyme.com

For investors contact: Lytham Partners, Adam Lowensteiner or Robert Blum, 646-829-9700 – New York, 602-889-9700 - Phoenix, vrme@lythampartners.com

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VerifyMe Announces Global Product Authentication Service Reseller Agreement with Micro Focus

New combined solution creates a powerful end-to-end 'track and trace' authentication system

ROCHESTER, N.Y., Jan. 17, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions, today announced that it has signed a reseller agreement with Micro Focus for their Global Product Authentication Service (GPAS). Micro Focus GPAS is a comprehensive cloud-based brand protection, track-and-trace, and consumer engagement service to protect against counterfeiting, diversion, and other illicit trade activities in global supply chains.

Patrick White, President and Chief Executive Officer of VerifyMe, commented, "Partnering with Micro Focus, one of the largest software companies in the world, provides a best-in-class service that enables brand owners and manufacturers to secure their supply chains and build extremely comprehensive and secure brand protection programs. In addition, through a strategic partnership between Micro Focus and a large Blockchain cloud system supplier, the Micro Focus GPAS system has the ability to integrate and offer real-time Blockchain services into their GPAS cloud. This agreement allows VerifyMe and Micro Focus to market and incorporate all of these enhanced traceability features in a brand owner's products." White added: "Utilizing a Digital Press we are able to simultaneously print our patented variable covert identifiers into labels and packaging which are then stored in the cloud and are revealed with an App on a smartphone and a label hidden image reading device. This seamless deployment meets and exceeds the pending FDA pharmaceutical label and packaging requirements. We look forward to working closely with the team at Micro Focus to bring innovation to the marketplace."

"The combination of Micro Focus Global Product Authentication Service with VerifyMe RainbowSecure and SecureLight covert protective ink technologies, creates one of the most powerful, secure and comprehensive track-and-trace authentication systems in the world," said Peter Gadd, Director, Worldwide Cloud Services, Micro Focus. "As a result, customers can benefit from an enhanced and unique Brand 360º approach that's capable of monitoring traceability and security – at both the ingredient level and finished goods."

About VerifyMe, Inc. VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people and associated financial transactions by performing non-password multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com. Interested Brand Owners & financial institutions should contact our sales team Phone: 585-736-9400 or email: info@verifyme.com.

For Licensing or other information contact: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

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VerifyMe Reports Third Quarter Fiscal Year 2017 Results

Company makes operational strides during quarter with management appointments and signing contract with HP

Third Quarter Net Loss Reduced 78% versus 2016

ROCHESTER, N.Y., Nov. 15, 2017 -- VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, today announced third quarter fiscal year 2017 results, ended September 30, 2017.

Quarterly Highlights

Entered into major, global 5-year contract with HP Indigo in September 2017, which will have its worldwide machines loaded with VerifyMe's RainbowSecure™ inks enabling approximately 4,500 HP Indigo digital presses around the world to seamlessly incorporate authentication measures; Restructuring and recapitalization plan implemented with cash invested by newly appointed board members, and appointment of Patrick White as President and Chief Executive Officer and Keith Goldstein as Chief Operating Officer; Q3 operating expenses lower by 15.3% compared to same quarter last year Net loss was ($385,000) versus ($1.8 million) loss in Q3 2016 a 78% improvement Cash balance at the end of September 2017 was $0.8 million compared to $23,000 at the end of the prior fiscal year. The Company recently provided an overview of the restructuring and go forward strategy for VerifyMe at the Lytham Partners Virtual Investor Conference. Please click here to listen to the presentation: VerifyMe Presentation.

Management Discussion

"I am pleased with the several accomplishments made during the quarter and the progress since my appointment only a few months ago," commented Patrick White, President and Chief Executive Officer of VerifyMe. "During the quarter we were able to secure a 5-year contract with HP Indigo to include our RainbowSecure ink technologies. This will allow HP Indigo's 4,500+ customers to seamlessly incorporate authentication measures on their various printed items, a major one being their packaging. We expect to see initial revenues from the HP relationship in early 2018 and build from there. I can't stress enough how significant this contract is for our company – not just from the financial perspective, but also the credibility and opportunities it has and will create."

Mr. White continued, "While the company recorded minimal revenues in the quarter, I'd like to highlight that we implemented tight expense controls and had a lower loss compared to last year. Going forward our goal is to keep the company as lean as possible and have minimal cash burn rates. We plan on remaining this way by engaging in contracts that leverage the company's technologies and patent portfolio and structure licensing or royalty deals, which will yield high gross margins."

Mr. White concluded, "While we still have lots more to do, we are off to a great start and a lot has been accomplished in a short amount of time. The HP Indigo contract completion has the company now positioned for profitability. I am also pleased with our progress in our digital biometric development and believe the Company has a viable future ahead in the biometric "people verification" segment. We are in the midst of filling our sales pipeline with deal flow, which is at various stages – both on the physical and digital/biometrics sides of the business."

Third Quarter Financial Results

Total revenue for the third quarter, which ended September 30, 2017, was $392 compared to $0 in the third quarter of fiscal 2016. Revenues in the quarter were minimal, but primarily driven by some legacy relationships. Revenues should ramp up in 2018.

Total operating expenses during the third quarter was $382,158, a decrease of 15.3% from $451,234 in the same quarter one year ago. Included in these expenses was share-based compensation (non-cash expense) of $101,229 and $134,127, for third quarter of 2017 and 2016, respectively. The lower expenses were from a decline in payroll expenses, as the company focused on retaining a new management team to focus more on sales and marketing efforts. The company will continue to maintain tight expense controls and low cash burn levels.

Net loss attributable to common shareholders was $(0.4) million, or $(0.01) per basic and diluted share, for the third quarter of fiscal 2017, compared to $(1.8) million, or $(0.24) per basic and diluted share, in the year ago third quarter.

Cash balance at September 30, 2017 was $0.8 million dollars compared to $0.0 million at the end of December 31, 2016.

About VerifyMe, Inc. VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Safe Harbor Statement

This release contains forward-looking statements regarding the timing of the receipt of revenues, the building of the sales pipeline, future profitability, future cash burn rates, future expenses and digital progress, which involve uncertainty and risk. The words "believe," "may", "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the company's ability to work with larger partners in selling its technologies to large businesses, its ability to raise sufficient capital to support its operations, the condition of the equity markets in general and for microcap companies in particular and issues which may affect its patents including potential litigation. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For Licensing or other information contact:

Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact:

Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix info@lythampartners.com

For the complete press release including financial tables please view the original press release at https://www.prnewswire.com/news-releases/verifyme-reports-third-quarter-fiscal-year-2017-results-300555774.html

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VerifyMe's Presentation at the Lytham Partners Virtual Investor Conference Now Available On Demand

Management's new Investor Presentation and Q&A session delivered on November 2, 2017 available on demand

ROCHESTER, N.Y., Nov. 6, 2017 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, today announced that the presentation and question and answer session delivered by Patrick White, President and CEO and Keith Goldstein, COO at the Lytham Partners Virtual Investor Conference is available for replay on demand.

Interested parties around the world may listen to the investor presentation and question and answer session by accessing a replay of the presentation by clicking on one of the links at: http://www.verifyme.com/investor/ or http://www.lythampartners.com/vic.aspx or by accessing the link here.

About VerifyMe, Inc.

VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com.

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix vrme@lythampartners.com

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VerifyMe to Present at the Lytham Partners Virtual Investor Conference on November 2, 2017 at 2:00pm ET

Management to review new Investor Presentation and field Q&A on November 2, 2017 at 2:00pm ET / 11:00am PT; Replay available on demand

ROCHESTER, N.Y., Oct. 27, 2017 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, today announced that Patrick White, President and CEO and Keith Goldstein, COO will present at the Lytham Partners Virtual Investor Conference on Thursday, November 2, 2017 at 2:00pm ET (11:00am PT). The conference is a virtual event that is available over the internet, and interested parties may participate by following either of the below links at the time of the conference.

Event: Lytham Partners Virtual Investor Conference

Date: November 2, 2017

Time:2:00 pm ET / 11:00am PT

Webcast: http://www.verifyme.com/investor/ or http://www.lythampartners.com/vic.aspx or by accessing the link here.

Interested parties around the world may view the live investor presentation and ask the speakers questions in real-time. A replay of the presentation will be available on demand following the conclusion of the live event at http://www.verifyme.com/investor/ or http://www.lythampartners.com/vic.aspx or by accessing the link here.

About VerifyMe, Inc.

VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com.

For Licensing or other information contact:

Company: VerifyMe, Inc., Email: IR@verifyme.com, Website: http://www.verifyme.com

For investors contact: Lytham Partners, Adam Lowensteiner or Robert Blum, 646-829-9700 – New York, 602-889-9700 - Phoenix, info@lythampartners.com

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VerifyMe Names Former American Banknote Executive, Keith Goldstein, as COO

NEW YORK, Sept. 12, 2017 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, today announced that Keith E. Goldstein has been appointed Chief Operating Officer (COO) effective immediately.

As COO of VerifyMe, Mr. Goldstein will have responsibility for executing the company's strategy and its day-to-day operations. He will report directly to President and Chief Executive Officer, Patrick White.

"Keith has demonstrated his abilities as a strategic thinker and effective leader throughout his highly successful career," stated Mr. White. "He has a proven track record of creating enterprise value by growing sales and profitability through disciplined management and rationalization of business operations. With Keith in place, we have assembled a new, experienced and disciplined senior leadership team tasked with growing our business and delivering long-term value for our customers and shareholders."

Mr. Goldstein has more than 25 years of experience in strategic, operational and financial management across a variety of industries. Most recently, he served as the Chief Executive Officer of ABnote North America, a four-entity division of the American Banknote Corporation operating in the U.S. and Canada where he successfully grew the business through new product introductions and acquisitions.

Mr. Goldstein holds a Bachelor of Science in Business Administration from Boston University and is a licensed Certified Public Accountant with the Commonwealth of Massachusetts.

About VerifyMe, Inc. VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Safe Harbor Statement This release contains forward-looking statements regarding future opportunities and building the company performance, which involve uncertainty and risk. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the company's ability to work with larger partners in selling its technologies to large businesses, its ability to raise sufficient capital to support its operations, the condition of the equity markets in general and for microcap companies in particular and issues which may affect its patents including potential litigation. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-k for the year ended December 31, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For licensing or other information contact:

VerifyMe, Inc. Email: IR@verifyme.com Websites: http://www.verifyme.com

For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix info@lythampartners.com

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VerifyMe Inc. Announces Global Contract with HP For Secure Digital Press Ink Technology

NEW YORK, Sept. 6, 2017 /PRNewswire/ -- VerifyMe, Inc. (OTCQB:VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, and the Indigo Division of HP Inc. (NYSE: HPQ) ("HP Indigo") a global printing technology leader, announced today that they have signed a five-year global contract whereby the companies will incorporate VerifyMe's pigment products with HP Indigo's ElectroInk to be used for packaging, label authentication, anti-counterfeiting and covert item level serialization for supply chain and distribution security.

This solution will be marketed as RainbowSecure™ powered by HP Indigo and sold globally by VerifyMe to HP Indigo customers. The solution includes a security ElectroInk as well as VerifyMe's readers and authentication tools that can be used in conjunction with the security ElectroInk. Both companies will provide support to HP Indigo customers that use the RainbowSecure™ solution on HP Indigo's digital printing presses.

"The integration of VerifyMe's technology with HP's industry leading ElectroInk creates a powerful combination that delivers high quality commercial digital printing with robust fraud prevention, authentication and brand security," stated Patrick White, President and Chief Executive Officer of VerifyMe. "We have already begun showcasing and successfully testing this solution with several HP Indigo commercial customers."

"The HP Security Electroink containing RainbowSecure™ is in an ink canister that is mounted into the Digital Indigo press along with the other ink stations," Mr. White added. "It is therefore a very simple and seamless process to incorporate highly effective authentication to any label, packaging or document. Since the HP Indigo is a digital press, the technology can easily print numbers, codes or images either fixed or variable."

About VerifyMe, Inc. VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

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VerifyMe, Inc. Announces New Board of Directors and Patrick White Chief Executive Officer

Patrick White is the former CEO and Founder of Document Security Systems, Inc.

Former CEO and Founder of VerifyMe, Inc., Norman Gardner, Remains Chairman of the Board

ROCHESTER, N.Y., Aug. 16, 2017 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that authenticate people and products announced today that the board of directors has elected Patrick White as Chief Executive Officer. Mr. White has been working as an outside consultant to the company since June 1, 2017 and he was previously the CEO and founder of Document Security Systems, Inc. from 2002 through 2012.

"In the last year, I have vetted multiple offers to come back into the security industry and I chose VerifyMe, Inc. due to its valuable biometric verification and product packaging security patent portfolio," commented Mr. White. "The opportunities are vast due to the enormous and growing problems of counterfeiting and identity theft and the inherent challenges in preventing significant monetary damages from these crimes. There is a growing demand for people and product verification in the digital age. VerifyMe has the technology to address these verification needs. Also, I am very pleased that we have assembled an extremely powerful and successful business-minded Board of Directors and I look forward to building the company with them."

The new board of directors includes several new independent members:

Private investor Howard Goldberg Silicon Valley investor Paul Klapper Laurence Blickman, who is Senior Managing Director, Institutional Investments at Cushman & Wakefield Marshall Geller, who is a Senior Advisor to St. Cloud, a Los Angeles-based private investment firm. These new directors join Claudio Ballard, a US-IP patent monetization expert, and Larry Schafran, a noted specialist in mergers and acquisitions, who have agreed to remain on the board. Norman Gardner, founder of VerifyMe and former CEO, will remain as Chairman of the Board.

Mr. White has moved the corporate headquarters to Rochester, NY. The new address is Clinton Square, 75 S. Clinton Ave, Suite 510, Rochester, NY 14604.

About VerifyMe, Inc. VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people utilizing biometrics and strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Safe Harbor Statement This release contains forward-looking statements regarding future opportunities and building the company performance, which involve uncertainty and risk. The words "believe," "may", "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the company's ability to work with larger partners in selling its technologies to large businesses, its ability to raise sufficient capital to support its operations, the condition of the equity markets in general and for microcap companies in particular and issues which may affect its patents including potential litigation. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-k for the year ended December 31, 2016. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For Licensing or other information contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Websites: http://www.verifyme.com

SOURCE VerifyMe, Inc.

Related Links

http://www.verifyme.com

VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to Launch Security-ElectroInk for Authentication and Counterfeit Prevention

NEW YORK, May 26, 2016 (GLOBE NEWSWIRE) — VerifyMe, Inc. (OTCQB:VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, and the Indigo Division of HP Inc. (“HP Indigo”) a global printing technology leader, announced today that they have signed a Memorandum of Understanding (MOU) whereby the companies will incorporate VerifyMe’s pigment products with HP Indigo’s ElectroInk to be used for authentication and anti-counterfeiting.

This security ElectroInk will be marketed and sold globally by VerifyMe to HP Indigo customers, along with VerifyMe’s readers and authentication tools that can be used in conjunction with security ElectroInk. Both companies will provide support to HP Indigo customers that use security ElectroInk on HP Indigo’s digital printing presses.

VerifyMe has begun showcasing security ElectroInk as a vendor in HP Indigo’s stands at major printing industry trade shows in the USA, Israel, and Europe to include exhibiting at DRUPA, the world’s largest printing show in Dusseldorf, Germany early June. The first security ElectroInk product showcased at the trade shows was a sample pharmaceutical carton, produced by HP Indigo. VerifyMe estimates that over 2,000 HP Indigo customers attended these events.

“The integration of VerifyMe’s proprietary technology with HP’s industry leading ElectroInk creates a powerful combination that delivers high quality commercial digital printing with robust fraud prevention, authentication and brand security. Working with HP Indigo, we are qualifying target companies to commence initial pilots with HP commercial customers,” stated Thomas A. Nicolette, President and Chief Executive Officer of VerifyMe.

“Packaging across many industries, particularly for pharma products, is an area of demand for security and anti-counterfeiting applications. Pharma companies can increase product safety and brand protection by investing in packaging and printing, which assures the supply chain and consumers that their drug or product is authentic. With security ElectroInk, we will be addressing this sizeable and growing market opportunity,” Nicolette added.

The global cost of counterfeit goods reached more than $1.7 trillion in 2015, according to the International Chamber of Commerce, and is growing rapidly.

VerifyMe’s patented anti-counterfeiting pigment technology can be seamlessly integrated into the digital printing process to produce visible and invisible marks, which enables two levels of authentication. First, consumers are able to see the patented ink without any specialized equipment. Second, manufacturers can use customized devices to view characteristics of non-visible pigments to support their supply and distribution chain security.

About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com

Forward-Looking Statements

This press release includes “forward-looking statements,” which may be identified by words such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K filed with the SEC on March 30, 2016. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

VerifyMe:
Investors and Media:
Benjamin Burrell
Chief Operating Officer
bburrell@verifyme.com
212-994-7002 x702

Investor Relations
VerifyMe
IR@verifyme.com

VerifyMe Announces First Shipment of GuardLab Products Protected by its Anti-Counterfeit Technology

Marks VerifyMe’s entry into providing brand and consumer protection for the $321 billion medical device industry

NEW YORK, May 10, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, announced today the shipment by GuardLab of approximately 1,600 mouthguards protected by VerifyMe’s proprietary anti-counterfeit features. This is the first shipment based on the agreement signed by the two companies in March.

GuardLab is a custom mouthguard company using 3D scanning and printing technologies to provide athletes with the most custom fit and protection available for their teeth and gums. VerifyMe’s proprietary covert and overt printed authentication technologies were used on GuardLab’s product packaging.

“This first shipment of products protected by VerifyMe technology was shipped on schedule by GuardLab in the second quarter of 2016. We are very pleased to work with GuardLab and look forward to providing consumer and brand protection on future shipments of their products,” stated VerifyMe President and Chief Executive Officer Thomas A. Nicolette.

“This marks our first revenue generating contract within the $321 billion medical device industry. We are focused on pursuing the tremendous growth opportunity for anti-counterfeit technologies in this and many other industry sectors,” Nicolette added.

VerifyMe solutions provide consumer safety and protection that can be widely used across many industries including medical devices, pharmaceuticals, nutritional supplements, baby products, cosmetics and automotive parts to name a few.

About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com

Forward-Looking Statements

This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on March 30, 2016. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Contacts:

VerifyMe:
Investors and Media:
Benjamin Burrell
Chief Operating Officer
bburrell@verifyme.com
212-994-7002 x702

Investor Relations
VerifyMe
IR@verifyme.com

VerifyMe Names Security Industry Veteran Thomas A. Nicolette as Chief Executive Officer

NEW YORK, May 02, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCQB:VRME) (“VerifyMe” or “the Company”), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, is pleased to announce the appointment of Thomas A. Nicolette as the Company’s President and Chief Executive Officer, effective May 1, 2016. Mr. Nicolette has served as the principal of Nicolette Consulting Group Limited, a business management consulting firm, since its founding in 1980. During his more than three-decade career, Mr. Nicolette has held executive positions with various organizations in both the security and medical device industries; his attention has largely been focused on corporate restructuring aimed at streamlining operations and maximizing operations, profits and shareholder value.

As Michael Madon, Chairman of the Board of VerifyMe explains, “Tom is an optimal choice to lead the Company into the next phase of its commercialization given his extensive leadership and measurable success in anti-theft and anti–counterfeiting sectors. Having led six companies rooted in various segments of the domestic and international marketplace, he has a keen understanding of the strategies, systems and resources that are critical to delivering security solutions to a demanding and diverse customer base. In addition, Tom’s recent engagements directing medical device start-ups provide him with insights and a clear path into an expanding healthcare industry that offers substantial target markets for the Company’s physical authentication technologies. I am confident that Tom has the experience and vision to direct VerifyMe into full commercialization with the goal of increasing value for our shareholders.”

Most recently, Mr. Nicolette served as President, Chief Executive Officer and Director of iNeedMD Holdings, Inc., a New York-based medical device firm, from mid-2014 to mid-2016. During his tenure, he led the strategic restructuring effort that resulted in a $8.4 million capital raise and a OTCQB listing. From 2006 until Q1 2014, Mr. Nicolette was President, Chief Executive Officer and Director of Akers Biosciences, Inc., an in vitro diagnostic manufacturer and marketer located in southern New Jersey, where he was instrumental in facilitating a $15 million IPO and successful listing on the NASDAQ Capital Market.

Prior to his engagements in the medical device industry, Mr. Nicolette spent two decades guiding security companies into various stages of growth. From 2003 through 2006, Mr. Nicolette was the director of international business development for November AG, a German-based developer of methods of authentication for anti-counterfeiting, listed on the Frankfurt Exchange. From 2001 to 2004, he served as Chairman of Exaqt SA de CV, a manufacturer and installer of electronic security systems in Mexico. Within a similar timeframe (2001 through 2003), Mr. Nicolette held two executive management positions: Executive Director of Tri-Mex Group Limited of London, UK, a designer of monitoring and response solutions to protect high value or hazardous cargo; and President, Chief Executive Officer and Director of DNA Technologies, Inc., a holder of patented technology that provides solutions for counterfeiting, forgery and product diversion, until its successful listing on the Toronto Stock Exchange. From 1995 through 2000, Mr. Nicolette held the positions of President, Chief Executive Officer and Director of Sentry Technology Corporation, a worldwide, multi-firm designer and manufacturer of electronic articles surveillance and closed circuit television systems that included Knogo North America, Inc. and Video Sentry Corporation. Mr. Nicolette’s leadership role in the anti-theft industry originated in 1986 when he served as President, Chief Executive Officer and Director of Knogo Corporation, a New York Stock Exchange-listed multi-national company and inventor of electronic article surveillance, until 1994 when the company was sold to Sensormatic Electronics, now part of Tyco Security.

Mr. Nicolette noted, “I am excited to return to my roots in the multifaceted security industry within an emerging organization that has pioneered technology platforms that verify the integrity and authenticity of physical products and digital identities. At its core, VerifyMe has built an innovative portfolio of physical, cyber and biometric security solutions that meet the demands of a complex global environment that has blurred the borders between physical and digital security. I look forward to leading the VerifyMe team into the revenue-generating phase of commercial operations and providing periodic updates to the Company’s valued shareholders on the implementation of the VerifyMe strategic plan.”

Mr. Nicolette is a graduate of the Michigan State University School of Criminal Justice.

About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The Company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com.

Forward-Looking Statements
This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on March 30, 2016. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information:
VerifyMe, Inc.

Investors and Media:
Benjamin Burrell
Chief Operating Officer
bburrell@verifyme.com
212-994-7002 x702

For Investor Relations
Email: IR@verifyme.com

VerifyMe Announces Leadership Change

NEW YORK, April 29, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCQB:VRME) (the “Company”), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, announced today that Paul Donfried has resigned as President and Chief Executive Officer of the Company as well as his position as a director on the Company’s Board of Directors in order to pursue other business and personal interests. Mr. Donfried has agreed to assist the Company in making a smooth transition to new leadership.

Board Chairman Michael Madon praised Mr. Donfried for his leadership during a time of transition for the Company. "Paul stood at the helm of the Company at a time of great change in the marketplace. We are well positioned for rapid growth because of the foundation he laid, and we wish him the very best in his new endeavors," stated Mr. Madon.

The Board of Directors of the Company has already commenced a search to select a permanent replacement for the role of President and Chief Executive Officer.

About VerifyMe, Inc.

VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The Company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com.

Forward-Looking Statements

This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

VerifyMe:
Investors and Media:
Benjamin Burrell
Chief Operating Officer
bburrell@verifyme.com
212-994-7002 x702

Investor Relations
VerifyMe
IR@verifyme.com

VerifyMe Showcases Counterfeit Prevention Inks with HP Indigo at Dscoop North America in San Antonio, Texas

  • Part of a series of VerifyMe collaborations with HP Indigo
  • 2,500 potential customers in attendance**

NEW YORK, April 19, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCQB:VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, announced today that it showcased its newest security solutions for brand and consumer protection with HP Indigo at the Dscoop North America Annual Conference and Trade Show on April 14th in San Antonio, Texas. Dscoop is an independent community of HP Graphic Arts users, industry experts and solution partners. An estimated 2,500 HP customers who were in attendance had the opportunity to see VerifyMe’s anti-counterfeit security solutions, being developed as Security ElectroInks designed for HP Indigo’s latest generation presses.

HP Indigo customers and channel partners attending the event saw samples and demonstrations of VerifyMe’s products and use cases in their application for protecting brands and consumers from the growing threat of counterfeiting. The Dscoop North America show followed several recent exhibits where VerifyMe showcased its products, including Dscoop EMEA5 2016 on April 7th, and several VIP customer events hosted by HP Indigo in Israel.

HP Indigo printing presses combine edge-of-the-art digital printing capabilities with the highest quality printing of any traditional presses. The digital printing capabilities allow for variable data, which means each impression can be unique, allowing for item level serialization, track and trace applications and advanced forms of cryptography. When combined with state-of-the-art Security ElectroInks, based on VerifyMe’s patented solutions, brand owners can benefit from the strongest and most resilient anti-counterfeiting solutions available. Unique to VerifyMe’s SecureLight technology, these solutions are scalable to the consumer and don’t require specialized tools or equipment for authentication.

“We are very excited about the potential for our security ink products, and the opportunity to exhibit our solutions to thousands of owners of HP Indigo’s latest generation presses. Showcasing our new security inks in conjunction with HP Indigo positions us very well with current HP Indigo customers looking to offer value-added security printing products to their clients,” stated Paul Donfried, President and Chief Executive Officer of VerifyMe.

About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company in the field of authenticating products and people. VerifyMe’s physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. It markets a broad patent portfolio that includes patents for protecting material goods, products and packaging. The company’s digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com.

Forward-Looking Statements

This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on March 30, 2016. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

VerifyMe:
Investors and Media:
Benjamin Burrell
Chief Operating Officer
bburrell@verifyme.com
212-994-7002 x702

Investor Relations
VerifyMe
IR@verifyme.com