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