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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.

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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

VerifyMe Appoints VP of Digital Sales as Demand for its Security Products Increases

New hire to spearhead sales delivery of VerifyMe’s multi-factor and two-factor authentication solutions

NEW YORK, April 15, 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 it has appointed security and authentication industry veteran Kristine Murty as Vice President of Digital Sales. Ms. Murty is responsible for the development and implementation of VerifyMe’s strategic sales growth and customer satisfaction within the rapidly expanding user authentication market.

VerifyMe’s Authenticator products allow organizations to move away from traditional password/PIN logon credentials to a more secure multi-factor authentication of customers and users.

“Following the unveiling of our new counterfeit prevention inks at HP Indigo VIP customer events this past week, we are experiencing a sharp rise in interest in both our anti-counterfeiting and user authentication products from potential customers. This is an opportune time for us to bring on board a sales executive of Kristine’s caliber. She has led and grown sales of products in our market to some of the largest companies in the world. We are pleased to have her on board, welcome her sales team leadership and anticipate a robust acceleration in the sales of our solutions,” stated Paul Donfried, President and Chief Executive Officer of VerifyMe.

Ms. Murty most recently served 6 years at Safenet/Gemalto as the SmartCard and One Time Password Authentication Specialist for both SaaS and On-Premise solutions in the Western United States and Canada. She has a proven track record of providing successful sales in best-of-breed software, hardware and professional services to many verticals including legal (AmLaw200), healthcare, insurance, financial services, manufacturing, not-for-profit and consumer goods. She has sold to companies such as Cisco, Consumer Cellular, Disney, Walgreens, Motorola, Groupon and Exelon.

With 20 years of data security background, Ms. Murty began her career with 9 years at Lakeview Technology, an IBM Platinum Partner, specializing in high availability/disaster recovery software and services. She holds a bachelor's degree from Iowa State University.

“VerifyMe’s proprietary counterfeit prevention inks and digital authentication solutions are innovative products that have tremendous potential in growing markets. I am excited to lead sales efforts for the authentication products, generate growth for VerifyMe and drive revenue,” Ms. Murty commented.

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, visitwww.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.co

VerifyMe Unveils New Counterfeit Prevention Inks to Hugely Positive Response at HP Indigo’s pre-drupa Printing Trade Events

Strong interest from an estimated 1,000 HP Indigo customers worldwide

NEW YORK, April 12, 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 it has been showcasing its newest security solution for brand and consumer protection at HP Indigo pre-drupa printing industry events. HP Indigo customers and channel partners attending these events saw samples and demonstrations of possible use-cases for security solutions based on VerifyMe’s capabilities.

Recent and upcoming trade shows where VerifyMe is showcasing its security pigment products include the following:

  • On March 30, VerifyMe exhibited at HP Indigo’s global VIP event for its Asia-Pacific customers in Tel Aviv, Israel. An estimated 300 HP Indigo customers attended and showed interest in VerifyMe’s anti-counterfeiting ink products.
     
  • An additional 700 HP Indigo customers viewed VerifyMe’s showcased products on April 7 in Kiryat Gat, Israel at DSCOOP EMEA5 2016, a cooperative organization of HP users. Kiryat Gat is the manufacturing site for HP Indigo where customers were able to tour the press and ink manufacturing facilities in addition to viewing the advanced technology solutions.
     
  • VerifyMe exhibited at HP Indigo’s local VIP event in Kiryat Gat, Israel on April 10. Approximately 100 of HP Indigo’s Israeli customers saw VerifyMe’s product showcase.
     
  • VerifyMe exhibited at HP Indigo’s 2nd global VIP event in Kiryat Gat, Israel on April 11. Over 100 of HP Indigo’s Chinese and Japanese customers saw VerifyMe’s product showcase.
     
  • On April 14, VerifyMe will be present along with HP Indigo at DSCOOP North America’s Annual Conference and Trade Show in San Antonio, Texas, where an estimated 2,500 HP customers will be in attendance.      

“We are very excited about the continuing development of this new security ink product, which may target an installed base of over 3000 of HP Indigo’s latest generation presses. Potential VerifyMe customers showed strong interest, as our product enables them to offer new, high-value printing services to a growing market of companies looking to increase the security and integrity of their brands and products,” 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

VerifyMe and Boutwell Owens Ink Deal to Prevent Product Fraud

Market Leading Packaging Company to Offer VerifyMe’s Sophisticated Anti-Counterfeiting Solution

NEW YORK, March 31, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCQB:VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, and Boutwell, Owens & Co., Inc., one of America’s most prestigious printing and packaging suppliers, announced today that they will jointly leverage VerifyMe’s patented anti-counterfeiting pigment technology and Boutwell’s conventional offset presses, coating units and sophisticated digital printing capabilities. Boutwell, Owens & Co. will market these brand protection and consumer safety features under the name OwenGuard™ to customers across multiple industries including pharmaceutical, consumer goods and automotive parts.

According to the International Chamber of Commerce, the global cost of counterfeit goods reached more than $1.7 trillion in 2015.  As a result brand owners are taking more action to secure the legitimacy of their products, and many are looking to anti-counterfeit technologies that can be incorporated overtly and/or covertly. The partnership between Boutwell and VerifyMe elevates protection to a superior level at a minimal cost, safeguarding profits and brand value. 

“With OwenGuard, we are offering an uncompromising layer of protection for our customers’ products and brands, as well as for their end users,” said Boutwell, Owens & Co. Inc., Chief Executive Officer, Ward McLaughlin. “Using VerifyMe’s pigments with our conventional offset presses, coating units and digital printing process offers authentication down to the level of each individual product item. We are committed to making this unique technology available to all our customers,” he added.

VerifyMe’s patented anti-counterfeiting pigment technology can be seamlessly integrated into the conventional offset presses, coating units and digital printing process to produce visible and invisible marks, which enables two separate types and 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 chains.

Paul Donfried, Chief Executive Officer of VerifyMe, Inc., added, “Individual package authentication is increasingly important particularly in the pharmaceutical and medical device sectors, where products are often customized for each individual consumer. The risk of counterfeiting in the modern world has increased, and OwenGuard affords manufacturers and their customers confidence, security and protection. Companies can be assured that their customers can easily verify they’ve received the genuine product.”

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, visitwww.verifyme.com

About Boutwell, Owens & Co., Inc.

Founded in 1887, Boutwell, Owens & Co., Inc., is a privately held printing and packaging company based in Fitchburg, MA. It is an independent manufacturer that focuses on printed paperboard packaging, with an international and diverse customer base. It is a leader in using environmentally friendly and sustainable raw materials. To learn more, visit http://www.boutwellowens.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

Boutwell Owens
Ward McLaughlin
Chief Executive Officer
WardM@boutwellowens.com 
978-343-3067

 

Comment

VerifyMe to Provide Anti-Counterfeit Protection for GuardLab Products and Packaging

  • Agreement marks VerifyMe’s entry into anti-counterfeiting for the medical device industry
  • Revolutionary Custom Mouthguard Company adds Consumer Protection Features

NEW YORK, March 15, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today announced it has finalized an agreement to provide its proprietary anti-counterfeit features for GuardLab, Inc.’s products and packaging. 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. The two companies expect VerifyMe’s authentication technology to be incorporated into GuardLab products before the second quarter of 2016. This agreement marks VerifyMe’s first partnership with a medical device manufacturer.

“VerifyMe is proud to offer the first consumer safety and protection solutions that allow anybody to authenticate whether the product they’ve received is genuine or fake,” said Paul Donfried, Chief Executive Officer of VerifyMe. “GuardLab has incredibly advanced technology to help protect their customers and enhance their performance. They want those customers to have no doubt about the authenticity of their mouthguards, and we’re very proud they’ve chosen our solutions,” Mr. Donfried continued.

“At GuardLab we focus on ensuring our product is the best available and our customers deserve to know their purchase is genuine. VerifyMe allows us to do that simply and effectively,” said Aidan Butler, Chief Executive Officer of GuardLab.

Americans spent $81 million on mouthguards in the U.S. in 2014, according to Statistica. VerifyMe’s anti-counterfeiting technologies can be applied to the broader $321 billion medical device industry.

VerifyMe is able to individually design each unique anti-counterfeiting solution at a cost, quality and speed that disrupts the anti-counterfeiting industry. The VerifyMe solution utilizes unique security inks combined with advanced digital printing technology to deliver a consumer level anti-counterfeiting feature that doesn’t require any specialized detection equipment.

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 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. 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.

About GuardLab, Inc.
GuardLab, Inc. is a revolutionary custom mouthguard company headquartered in New York City with a state-of-the-art manufacturing facility on Long Island, New York. GuardLab is a custom mouthguard company using 3D scanning and 3D printing technologies, engineered with a proprietary Alignment Repositioning Cushion (ARC™). The neuromuscular mouthguards are designed to reduce the risk of injury from impact and enhance athletic performance through improved body alignment and increased airflow. Pioneered with two world-class dentists, GuardLab optimizes the bite of the individual athlete and captures the information digitally to create a bespoke neuromuscular mouthguard at a cost, quality and speed that truly disrupts the industry. GuardLab offers upper protection mouthguards for contact and combat sports, lower performance mouthguards for training and endurance sports and recovery guards for light clenching and grinding for sleep and post-training. GuardLab mouthguards are designed to benefit every type of athlete, from active individuals, high school and college players, as well as elite professionals. GuardLab mouthguards are available to consumers through events and a growing nationwide network of dentists found on Guardlab.com. For more information visit Guardlab.com and follow GuardLab on FacebookTwitter and Instagram

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 April 16, 2015. 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

GuardLab
Kristin Shrader
865-607-1732
Kristin@kristinshrader.com

Comment

Michael Madon Joins VerifyMe as Chairman of the Board of Directors

Madon Brings Public and Private Sector Cyber Security Leadership Experience

NEW YORK, March 01, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today announced that Michael Madon has joined the company's Board of Directors and will serve as its Chairman.

"Michael’s public company, government and security industry experience will add great value to our board and strengthen our corporate governance as we continue to build the company," said Paul Donfried, VerifyMe’s Chief Executive Officer. “Our security products have significant applications in the public and private sectors and we believe Michael’s deep industry expertise will support growing sales momentum at VerifyMe,” continued Mr. Donfried.

Mr. Madon is a senior strategy leader in cyber security and financial intelligence. He has 20 years of a proven track record and expertise in leading cross-functional teams to develop and create results-oriented solutions at the intersection of government and business processes, people management, and information technology.  

Mr. Madon currently serves as the CEO and co-founder of Ataata, the next generation learning and engagement platform for the 21st century workforce.  Before founding Ataata, Mr. Madon served as Vice President, Business Development for RedOwl, a behavioral analytics software company that addresses insider security risks.  

Mr. Madon also served on the Board of Directors of TeleCommunication Systems, a world leader in secure and highly reliable wireless communication technology. In February 2016, Comtech Telecommunications Corp. acquired TeleCommunication Systems, Inc. for $430.8 million in a strategic and cash accretive transaction.

From September 2009 to May 2014, Mr. Madon served as Deputy Assistant Secretary in the Office of Intelligence and Analysis of the Treasury Department where he developed strategies to help the department identify and mitigate cyber risks and vulnerabilities within both the department and financial sector. In recognition of his service, Mr. Madon was awarded the National Intelligence Distinguished Service Medal—the Intelligence Community’s highest award. In addition, he received the U.S. Department of the Treasury’s Distinguished Service Award.

Mr. Madon has focused on cyber information issues in areas as diverse as attack, remediation, and preservation, as well as threats to critical infrastructure and supply chains. A recognized expert in the fields of cyber security and financial intelligence, he has testified before Congress on the global cyber threat and been profiled in an array of industry publications. He currently serves on The Intelligence & National Security Alliance (INSA) and is an active member of INSA’s Subcommittee on Insider Threat.  He also serves on the Board of Advisors of the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and is an active member of the Armed Forces Communications and Electronics Association.

Mr. Madon served as an active duty officer in the U.S. Army and remains an active member of the Army Reserves as an Intelligence Officer supporting the Joint Chiefs of Staff (J2, Intelligence). He has held leadership positions in Airborne, Mechanized and Military Intelligence Units stateside and overseas. He is a recipient of the Bronze Star.

Mr. Madon holds a M.B.A. from the Wharton School of the University of Pennsylvania, a Certificate of Graduation from the Command and General Staff College, a Master of International Affairs from Columbia University, and a B.A. from Cornell University. 

“I am honored to join VerifyMe’s Board of Directors,” said Mr. Madon. “The management team has created a solid foundation for future growth and the company offers a strong portfolio of security products.”

About VerifyMe, Inc.

VerifyMe 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. 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 April 16, 2015. 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:

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

Investor Relations
VerifyMe
ir@verifyme.com

 

VerifyMe Raises Capital in Private Placement

NEW YORK, Feb. 10, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technologies that prevent identity theft, counterfeiting and fraud, announced today it has closed on a private placement of its securities with several accredited investors providing gross proceeds of $1,035,000 to the Company.  The capital raise is comprised of the sale of 2,587,500 shares of Series C Preferred Stock at a per share purchase price of $0.40.  In connection with the sale of the Series C Preferred Stock, the Company issued each investor a three-year warrant to purchase shares of common stock with an exercise price of $0.40 per share.  Each preferred share converts into one share of the Company's common stock.

VerifyMe, on February 10, 2016, filed a Form 8-K with the Securities & Exchange Commission, which described the material terms of the offering.

Important Information

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. These securities have been sold pursuant to an exemption from state and federal securities laws.

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, visitwww.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 April 16, 2015.  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 Initiates the Release of Version 2.0 With Developer Portal Launch

New Platform Offers Seamless Integration of Multi-Factor Authentication API’s for Web, Cloud and Mobile Applications

NEW YORK, Feb. 03, 2016 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today initiated the release of Version 2.0 by launching the VerifyMe Developer Portal for easy and direct access to VerifyMe’s application programming interfaces (API’s).

VerifyMe’s Version 2.0 platform replaces traditional password/PIN logins and outdated 2-factor authentication systems with fast and strong authentication of several attributes including geo-location, biometrics, knowledge factors and possession factors. VerifyMe’s API’s provide enterprise application developers with the resources and support needed for seamless integration of VerifyMe’s multi-factor authentication product.

“The core strength of any platform lies in the abilities of developers to learn, try, and build against the platform API’s and capabilities,” said Paul Donfried, VerifyMe Chief Executive Officer. “As VerifyMe matures as a platform, it’s the creativity and efforts of the developer community that will drive innovation. Our new Developer Portal makes it simple and easy to leverage our REST API’s and have the power of flexible biometric enabled multi-factor authentication directly integrated into your own app or website. After integrating NIST Level 4 Identity Assurance, typically in a few hours, developers can then focus on delivering new services and content, based on the highest level of safety, security and privacy protection.”

The flexible platform based on a scalable, patented risk scoring engine, allows the incorporation of any type of authentication mechanism, including customer specified and/or proprietary mechanisms. The high level API’s completely insulate the Relying Party from both the complexity and financial risk of having to select specific technologies.

“The VerifyMe API’s make it easy for engineers to integrate VerifyMe with web and mobile applications. The new portal is a welcome addition for central access to API’s, documentation, samples and many more resources,” stated VerifyMe Chief Technology Officer Sandy Fliderman. “I’m excited for the launch of our Developer Portal with all our API documentation and automated reporting.  We have been working hard to make the API’s as easy to integrate as possible and with the addition of the Developer Portal any developer can go online and begin the process of adding strong multi-factor authentication to their own app or website,” continued Mr. Fliderman.

The new VerifyMe Developer Site is available at https://developer.verifyme.com

About The Company

VerifyMe 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. 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 April 16, 2015. 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:

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

Investor Relations
VerifyMe
ir@verifyme.com

Update Highlights VerifyMe’s Achievements Over the Past Quarter and Provides Upcoming Goals and Strategic Milestones

NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented cyber, physical and biometric technology solutions that prevent identity theft, counterfeiting and fraud (“VerifyMe” or the “Company”), today provides a corporate update and business outlook.

“Over the past few months we have been able to focus on building the business, which includes developing a robust sales pipeline, and advancing a number of customer deals. As we build on relationships with our existing partners and reach out to new customers, we are consistently hearing that our solutions are unique, meet or exceed customer requirements, and fit within their budgets. We have immediate opportunities with both of our existing platforms and products – digital and physical,” said Paul Donfried, Chief Executive Officer of VerifyMe.

Since September of this year, the Company has accomplished the following:

  • Three major new clients have moved into testing for VerifyMe, our Multifactor Authentication solution – representing a total of twenty one million end-users
  • VerifyMe solutions have been incorporated in four government bids for security documents, in total representing over fifty million documents
  • We believe that VerifyMe solutions are positioned for inclusion on future US State Drivers License bids and fully meet the requirements of DHS and AAMVA
  • Added an additional independent Director to our Board – Lawrence Shafran
  • Developed a reseller agreement with a licensed Online Gaming Service Provider. This partner will market, sell and deliver our solutions to Online Gaming Software Providers and Operators in the US and Internationally
  • Received 2 notices of allowance from USPTO – one for using smartphones to authenticate security marks and another for advanced biometric technology integrated into mobile devices
  • On target to deliver VerifyMe Version 2.0 this month. We are completing our final security testing and will shortly be delivering the mobile apps, sporting a brand new User Interface to the Apple and Google stores. Our High Availability cloud service and Enterprise SDK now include commercial grade API’s, Web-based administrative dashboards and new features.

“As we continue to build on our momentum, our strategic goals for the remainder of 2015 and into 2016 are the following:

  • Intellectual Property Development: We expect to continue to expand on our existing broad and diverse patent portfolio covering physical solutions for protecting material goods, products and packaging, as well as digital identity, liveness detection and authentication. We currently have several patent applications in prosecution at the United States Patent and Trademark Office and will keep investors informed of newly allowed and issued patents.
  • Key Personnel: Recruiting new sales persons - expect first two on board in January 2016.
  • Board of Directors: As we grow the Company, we anticipate adding one additional board member with the specific expertise needed to help guide us. The Company is currently engaged in multiple conversations with independent, experienced and successful business leaders to invite and appoint to our Board of Directors.
  • Product Pipeline: As we launch Version 2.0 of VerifyMe, we have already started development of Version 3.0, which will include more biometric authentication mechanisms, support for wearable devices, and dynamic authentication policies. We are also developing a new product based on our recent patent allowances, which we will be commercializing in 2016.
  • New Partnerships: We anticipate rolling out both our digital and physical products with new commercial partners in the near term, including adding new Printer/Packagers as channel partners.

The opportunity we have is a reminder of the rampant growth of both counterfeit identities and goods. VerifyMe’s platforms allow us to deliver solutions that make a difference, to both the brand owner and the consumer. As we observe the convergence of technology around mobile devices, we believe our combination of digital -- physical -- mobile provides the only complete solution," concluded Mr. Donfried.

Additional details on these events are available in the News & PR section of our website here: http://www.verifyme.com/news-pr/#press

About The Company

VerifyMe 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. 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 April 16, 2015. 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

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

 

VerifyMe Receives Notice of Allowance for New Biometrics Patent

Expands Anti-Fraud and Counterfeiting IP Portfolio

NEW YORK, Dec. 14, 2015 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud (“VerifyMe”), announced today that it received a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for patent application U.S. 13/910,482 titled “‘Home’ Button With Integrated User Biometric Sensing and Verification System for a Mobile Device.”

“This patent is the latest addition to our portfolio of technology that enables our clients to protect their brands and their consumers,” commented Sandy Fliderman, VerifyMe’s Chief Technology Officer and co-inventor of this patent. “We also have numerous patent applications pending with USPTO, and this favorable review underscores the ingenuity of our technologies and the solutions we deliver.”

The patent covers the ability to use an optical sensor/scanner under the home button of a mobile (and other) device to verify the authenticity of the user and make available access to some or all of the contents of the device.

VerifyMe’s patents for digital solutions include 3+ factor replacements for passwords, pins and tokens. Based on sophisticated risk scoring and adaptive authentication, the VerifyMe solutions incorporate many dimensions, including biometrics such as facial, gesture, voice and fingerprint recognition.

VerifyMe’s patents for physical solutions include authentication solutions that can be verified by the end-user/consumer with no specialized equipment, in addition to multiple levels of forensic inspection.

About The Company

VerifyMe 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. 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 April 16, 2015. 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

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

 

VerifyMe to Present at LD Micro Main Event Conference

NEW YORK, Nov. 24, 2015 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today announced that it will be presenting at the 8th annual LD Micro Main Event on Thursday December 3, 2015.
 

VerifyMe Chief Executive Officer Paul Donfried will deliver the company's presentation at 3:00 pm PT on December 3, 2015. Mr. Donfried and Chief Operating Officer Ben Burrell will also be available for one-on-one meetings. To arrange a meeting with management, please contact Wade Hickok at Wade@ldmicro.com.

This year's conference takes place December 1-3, 2015 at the Luxe Sunset Bel Air Hotel in Los Angeles, and is expected to feature more than 230 companies in the small/micro-cap space and host more than 1,000 institutional investors and registered investment advisors.

For more information, please visit the conference website at www.ldmicro.com.

About LD Micro

LD Micro is an investment newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published reports on select companies throughout the year. The firm also hosts the LD Micro Invitational in June. It is a non-registered investment advisor. For more information, please contact 408-457-1042 or visit www.ldmicro.com.

About The Company

VerifyMe 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. 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 April 16, 2015. 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:

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

Investor Relations
ir@verifyme.com

VerifyMe Incorporates KeyLemon’s Advanced Biometric Technologies Into the New Version of Its ID Services Platform

KeyLemon's Applications Enhance the Accuracy and Security of VerifyMe's Multi-Factor Authentication Solutions

NEW YORK, Oct. 21, 2015 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, announced today that it has licensed and is incorporating KeyLemon's Advanced Biometric solutions into the new version of its ID Services platform, which will be available before the end of this year. VerifyMe selected KeyLemon's solutions for their accuracy and high level of security.

"There are three very important aspects to user authentication technology. It has to be secure, it has to be accurate, and it has to be intuitive and easy to use," said Paul Donfried, Chief Executive Officer of VerifyMe. "KeyLemon's algorithms are excellent additions to our suite of patented authentication tools," continued Donfried. "Their solutions refine the biometric information collected, making facial and voice recognition more accurate, and allowing quicker user verification against biometric profiles stored in the cloud. What is more, KeyLemon's sophisticated, one-way algorithms ensure that data collected and stored holds no value to hackers."

Using a smart phone or other connected devices, VerifyMe's ID Services platform replaces passwords and PINs with an intuitive, user-friendly, multi-factor authentication process. It has the ability to authenticate individuals using facial, fingerprint, voice and swipe pattern recognition, as well as location detection and approved IP/WIFI address detection. Its proprietary, patented solutions support an unlimited number of authentication tools - including knowledge, possession, biometric factors and GPS - and is platform agnostic.

"We don't just authenticate a user's face, fingerprint or voice," commented Donfried. "Using a very simple user interface, our solution identifies that the user is a living person, not just a photo or video of the face, and it learns to identify that specific user even in a low light or noisy environment," Donfried continued.

The application employs three factors of security instead of simple passwords, providing the highest levels of confidence, security and account protection within seconds. With applications ranging from protecting current account passwords to protecting financial and identity information across a wide array of industries, VerifyMe's solutions shield consumers and businesses from identity fraud and theft.

"We are excited that VerifyMe selected our technology. The capabilities we provide add tremendous value and ease of use to both consumer and enterprise users," said Gilles Florey, Chief Executive Officer of KeyLemon. "VerifyMe focuses primarily on the enterprise market, where safety and privacy of customers and employees is of prime importance. This market can clearly benefit from 3D depth-sense cameras and efficiently combine depth, near-infrared and visible spectrum facial information and other capabilities our technology enables."

About The Companies

VerifyMe 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. 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.

About KeyLemon - KeyLemon S.A. offers convenient, secure and continuous biometric authentication solutions based on face and speaker recognition. KeyLemon's latest face recognition algorithms take full benefit of 3D depth sensing cameras by efficiently combining depth, near infrared and color information. Used by consumers and enterprises worldwide, KeyLemon can easily be integrated into any device, system or application to improve online transaction authentication, facilitate access to mobile apps and services, and enhance safety features in machinery such as automobiles.

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 April 16, 2015. 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:

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

Investor Relations
VerifyMe
IR@verifyme.com

KeyLemon
Mr. Gilles Florey, CEO
gilles@keylemon.com

Lawrence Schafran Joins VerifyMe Board of Directors

Schafran Adds Public Company Leadership Experience, Audit and Investment Expertise

NEW YORK, NY--(Marketwired - Sep 30, 2015) -  VerifyMe, Inc. (OTCBB: VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today announced that Lawrence G. Schafran has joined the company's Board of Directors.

"Larry's public company, audit and investment expertise adds significant value to our board as we continue to build the company after our restructuring," said Paul Donfried, VerifyMe's chief executive officer. Mr. Schafran will serve on the audit and compensation committees.

Mr. Schafran is a private investor who serves on the Board of Directors of Wright Investors' Service Holdings, Inc.; Cupcake Digital, Inc; and Glasstech, Inc. He has served as managing director of Providence Capital, Inc., an investment and advisory firm; and as a director and/or officer of COMSAT, Inc.; Capsure Holdings, Inc.; Banyan Strategic Realty Trust; Dart Group Corporation; Trak Auto Corporation; WorldSpace, Inc.; Shoppers Food Warehouse, Inc.; and The Palmieri Company, Inc. He received both a BBA and a MBA degree from the University of Wisconsin.

"I am honored to join VerifyMe's Board of Directors," said Mr. Schafran. "The new management team has moved quickly and strategically to accomplish a significant amount since the restructuring earlier this year. I believe that the company has a solid foundation for future growth and a strong portfolio of security products."

About The Company

VerifyMe 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. 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 April 16, 2015. 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

Contacts:

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

Investor Relations
VerifyMe
ir@verifyme.com