GlobeNewswire
VerifyMe receives first order for counterfeit PPE technology
ROCHESTER, NY, February 23, 2021 (GLOBE NEWSWIRE) – VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our” or the “Company”), a provider of comprehensive brand protection, customer loyalty solutions that are highly secure Combining product authentication, track and trace and bespoke loyalty strategies with industry leading online retail monitoring capabilities, are pleased to announce that they have received an initial order for 2 million pre-printed anti-counterfeit labels. The labels are used for track & trace and brand protection for 2 million boxes of surgical gloves, personal protective equipment (“PPE”) required to combat the ongoing Covid-19 pandemic. This first order for full pre-printed tamper-evident labels with VeriPAS brand protection and customer loyalty is the first order as part of their strategic partnership with Renavotio (OTC: RIII), which was announced on February 8, 2021. Engineered tamper-evident label using multi-layer technologies embedded and printed by VerifyMe. Billy Robinson, Renavotio’s Chief Executive Officer, stated, “Our recent partnership with VerifyMe has reopened the overseas PPE market for us. VerifyMe’s ability to verify and prove authenticity helps prevent PPE products in which we are involved from having potential financial and legal problems. “Counterfeit PPE remains a major problem as the Covid-19 pandemic persists. According to CNBC.com, the DHS seized over 11 million counterfeit 3M N95 masks on February 17, 2021. More raids are pending. Patrick White, President and Chief Executive Officer of VerifyMe, commented, “With our technology, Renavotio can demonstrate to its customers the authenticity of all products represented by VerifyMe. The short time from signing our strategic partnership with Renavotio to receiving our first order shows the urgent need in the market to combat the rampant counterfeiting of PPE. We believe this initial order from Renavotio will lead to additional opportunities in terms of counterfeit, track & trace and brand protection solutions for PPE. About VerifyMe, Inc. VerifyMe, Inc. (NASDAQ: VRME) is a technology solutions provider specializing in brand protection features such as counterfeiting, authentication, serialization, and track and trace capabilities for labels, packaging, and products Has. VerifyMe’s physical technology authenticates packages, labels and documents using a range of proprietary security inks and pigments that work in conjunction with serialization and track and trace software known as VeriPAS ™, which both consumers and brand inspectors use to verify authenticity with their Check smartphones. VeriPAS ™ is a serialization software system that brand owners access via a web portal in order to monitor, control and protect the entire life cycle of their products. More information is available at www.verifyme.com. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements regarding revenue opportunities, the use of our products in additional devices and locations, the results of ongoing tests, and the introduction of our products and authentication devices. The words “believe”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “could”, “aim”, “potentially” are likely, “” will, “expect” and similar expressions as used to refer to us are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections of future events and financial trends that we believe will 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 effects of the COVID-19 pandemic, litigation in the area of intellectual property and success Developing our sales and marketing skills, our ability to retain key executives, our skills Opportunity to work with partners in selling our technologies to companies, production difficulties, our inability to enter into contracts and agreements with future partners, issues that may affect the reluctance of large companies to change product purchases, the acceptance of our technologies, and the efficiency of our authenticators Affect place. For more information about our risk factors, please see our filings with the Securities and Exchange Commission (the “SEC”), including the heading “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2019 and The Quarterly Report on Form 10-Q for the three months ended September 30, 2020. All forward-looking statements made herein apply only as of the date of their publication. From time to time, factors or events may occur that could cause our actual results to differ and we cannot predict all of them. We assume no obligation to publicly update any forward-looking statements as a result of new information, future developments or for any other reason, unless this is required by law. For licenses or other information, contact: Company: VerifyMe, Inc. Email: IR@verifyme.com Website: http://www.verifyme.com Investors: ClearThinknyc@clearthink.capital
