Renowned Venture Capital Investor and Businessman has Sizable Investment in Company
ROCHESTER, N.Y., March 5, 2018 -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions today announced Mr. Carl E. Berg has been appointed as a member of its Board of Directors. Mr. Berg has become a significant investor in VerifyMe, recently reporting that he has accumulated approximately a 16% stake in the company.
Mr. Berg is a businessman, real estate investor, and venture capitalist who has been included in Forbes magazine's list of the 400 wealthiest people in America numerous times. He currently is Co-Founder, Chairman of the Board and Principal Investor of BERG, LLC, a Boston-based company in the healthcare space focused on improving the efficiency and access of care by using patient biology as the central core to developing drugs and diagnostics. Mr. Berg is one of the co-visionaries of Silicon Valley where he has been developing, leasing, owning and operated R&D and office buildings since 1963. Mr. Berg has built or owned over 15 million square feet of commercial real estate and was the Chairman of the Board and CEO of Mission West Properties, Inc., from 1997 until its sale in 2012. Mission West Properties was a public real estate investment trust with Microsoft & Apple as major tenants.
Mr. Berg has also been involved in the venture capital business since 1965 and was the first investor in Integrated Devices Technology and Sun Microsystems. He has been a major investor in over 100 other technology companies including NetLogic, Savi Technology, On Command Video, QED and INS. He currently serves as a member of the board of directors multiple companies including, BioElectron Technology Corporation, Voice Carrier and Quintess.
Patrick White, president and chief executive officer of VerifyMe, commented, "As a fellow director, it is my pleasure to welcome Carl as a member of the board of directors of VerifyMe. Carl's joining the board is a huge win for VerifyMe and its shareholders. Already Carl has shown his confidence in our company and what we are looking to accomplish by making a significant investment. In addition, Carl will not only add his extremely successful business expertise to our board, he will also open doors to his vast network of business relationships which should significantly help quicken our growth efforts to expand our technologies and products in the marketplace."
About VerifyMe, Inc.
VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio and proprietary products that provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging, products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks, pigments and software that performs track and trace business intelligence. The company's digital technologies authenticate people by performing strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com.
For investors contact: Lytham Partners Adam Lowensteiner or Robert Blum 646-829-9700 – New York 602-889-9700 - Phoenix firstname.lastname@example.org