Leading American Economist to Provide Business Strategy and Operations Advice and Capital Markets Expertise
Rochester, N.Y., March 27, 2019 – GlobeNewswire — VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets products supported by patents, patent applications and trade secrets which provides identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging and products, announced today the appointment of Dr. Arthur Laffer, a leading American economist, to its Board of Directors.
Arthur Betz Laffer is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for the Laffer curve, an illustration of the concept that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for government. Laffer's economic insight and influence in triggering a world-wide tax-cutting movement in the 1980s earned him the nickname "The Father of Supply-Side Economics." He is the author and co-author of many books and newspaper articles, including Return to Prosperity: How America Can Regain its Economic Superpower Status, co-authored with Stephen Moore, An Inquiry into the Nature and Causes of the Wealth of States, co-authored with Stephen Moore, Rex A. Sinquefield and Travis H. Brown and Trumponomics: Inside the America First Plan to Revive Our Economy with Stephen Moore. Laffer serves on many boards of directors, including the "Board of Scholars" of the American Legislative Exchange Council (ALEC). Laffer was one of four economists who acted as advisers to Donald Trump's successful 2016 campaign for the presidency of the United States. Laffer is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments, an institutional investment management firm utilizing diverse investment strategies in Nashville, TN.
Dr. Laffer received a B.A. in economics from Yale University in 1963. He received a MBA and a Ph.D. in economics from Stanford University in 1965 and 1972, respectively.
Dr. Arthur Laffer, stated, “I am pleased to join the VerifyMe Board at this time, as the Company is at an exciting inflection point. Its technology is superior and addresses a massive void in the market of security and authentication. I look forward to assisting Patrick and his team in delivering their technology solutions to the market and creating a formidable company.”
VerifyMe Chief Executive Officer Patrick White, commented, “We welcome Dr. Laffer to our Board and look forward to his advice and guidance. We look forward to working closely with he and his team and being part of their network of relationships. His vast experience and connections would be a valuable asset to VerifyMe, as we seek to accelerate our business growth and capital markets strategy.”
About VerifyMe, Inc.
VerifyMe, Inc., is a technology solutions company that markets products supported by patents, patent applications and trade secrets which provides identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging and products. The company also markets multi-factor biometric verification solutions to verify people. VerifyMe’s physical technology authenticates packaging, labels and documents with a suite of proprietary security inks and pigments, which work in conjunction with serialization and track-and-trace software. The company’s digital technologies authenticate people by performing strong, multi-factor biometric verification via its patented digital software platforms. To learn more, visit www.verifyme.com
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Company: VerifyMe, Inc.