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