Today we published an update on StrikeForce Technologies outlining what has been consistent progress over the last several months during a time when security breaches remain routine despite elevated spending levels on improved technologies and services.
In summary the company has improved their direct sales while developing a network of channel partners, distributors and resellers that are helping to grow sales of which is recurring (70%+).
We acknowledge that the company needs to restructure the balance sheet and build a stable long-term shareholder base. In the meantime though management continues to build value in the company that we expect will be recognized over time, possibly by strategic partners if not investors.
Please refer to the report for more: StrikeForce Update June 5, 2012