By: Matt Rego
Security software and services company, StrikeForce Technologies, Inc. (OTC Pink: SFOR) rallied 34% in the first several hours of trading on Monday, June 27, 2016. StrikeForce Technologies, Inc. (OTC Pink: SFOR) normally sees average daily volume of 199,500 over the past three months, but has experienced heavy volume of nearly 60.05 million shares or dollar volume of around $67,000 in early action Monday.
The big jump on massive volume comes as StrikeForce Technologies, Inc. (OTC Pink: SFOR) announces they have entered into a partnership with Target Corp. (NYSE: TGT) to sell StrikeForce Technologies, Inc. (OTC Pink: SFOR)’s patented ketstroke encryption software, GuardedID. Here is a press release detailing of the agreement:
EDISON, N.J., June 27, 2016 (GLOBE NEWSWIRE) –StrikeForce Technologies, Inc.(OTC PINK:SFOR) announced today that it has partnered with Target Corp. (TGT) to offer its patented keystroke encryption software to consumers. StrikeForce is now selling its GuardedID®anti-keylogging software for desktops and laptops in select Target stores and at www.Target.com. MobileTrust®, the company’s security bundle for mobile devices, is also available online atwww.Target.com.
“We’re very excited to have our products on shelves and online at Target,” said Mark L. Kay, CEO of StrikeForce. “Keylogging hackers are a serious threat to consumers — and most people don’t even know they are exposed. This type of spyware can avoid detection by anti-virus programs and steal every keystroke you type into your computer or mobile device. We’re partnering with Target to offer an affordable way for the everyday consumer to proactively protect their personal and financial information from prying eyes.”
GuardedID®, developed for Windows- and Apple-based computers, provides military-grade encryption protection for keystrokes when the user banks, shops, emails or fills out forms online, or just browses the internet.
MobileTrust®, a security bundle for Apple and Android mobile devices and tablets, provides the same patented keyboard encryption for all mobile apps that allow third party keyboards. It also includes a password vault, a strong password creator and a two-factor authentication token.
“Everyone who uses a mobile device or tablet should be using the MobileTrust® security bundle,” said Kay. “It’s the next generation of secure mobile password management, at an affordable price.”
“Having Target carry GuardedID®and MobileTrust®brings us one step closer to meeting our retail store strategy, as stated in our March 23, 2016 ‘Financial Strategy Update’ press release,” noted Kay. “It also brings us one step closer to making the world a safer place for people to compute!”
About StrikeForce Technologies, Inc.
StrikeForce Technologies helps to prevent cyber theft and data security breaches for consumers, corporations and government agencies. It provides powerful two-factor, “out-of-band” authentication, in addition to keystroke encryption and mobile solutions. StrikeForce Technologies, Inc. (OTC PINK:SFOR) is headquartered in Edison, New Jersey. Learn more at www.StrikeForceTech.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company’s identity protection software products into various channels and market sectors, the issuance of the company’s pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company