Attached files
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| 8-K - 8-K - VerifyMe, Inc. | d15491d8k.htm |
 WWW.VERIFYME.COM INVESTOR PRESENTATION FOURTH QUARTER 2015 | OTCBB: VRME Exhibit 99.1 |
 WWW.VERIFYME.COM FORWARD-LOOKING STATEMENTS In addition to historical information, this presentation contains statements relating to the future business and financial
performance and future events or developments of
VerifyMe, Inc. (the “Company”) that may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. These statements are based
on current expectations and assumptions that are subject to certain risks and uncertainties. These statements include forward-looking statements with respect to the Company’s business and industry in general.
Statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,”
“should,” “anticipate” and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. While the Company believes the forward-looking
statements contained in this presentation are accurate,
a variety of factors, many of which are beyond the Company’s control, affect the Company’s operations, performance, business strategies, competitive position and results and there can be no assurance that the Company’s actual results will not differ materially from those indicated
in these statements. These factors include,
but are not limited to, general economic conditions; stock market fluctuations; uncertainty of future revenues; limited operating history; uncertain market acceptance for the Company’s technology; potential difficulty in managing growth; costs of sales and materials;
intellectual property protection; disclosure of trade
secrets;
rapid
technological
change
among
competitors;
dependence
on suppliers; risks of doing international business; state, federal and foreign legislative and regulatory initiatives, including costs of compliance with existing and future environmental requirements; costs and effects of
legal and administrative proceedings, settlements,
investigations and claims; the inherent risks associated with the operation and potential construction of power generation systems, including environmental, health, safety, regulatory and financial risks; the timing and extent of changes in commodity prices, interest rates and foreign currency exchange rates; unusual maintenance or repairs and electric transmission system constraints; the performance of electric generation facilities;
and the need for and availability of future
financing.
More
detailed
information
about
these
factors
may
be found in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2014 and the Quarterly Report on the Form 10-Q for the nine
months ended September 30, 2015. The statements made
herein speak only as of the date of this presentation. The Company undertakes no obligation to update its forward-looking statements to reflect events or circumstances after the date of this presentation, except as required by law.
This presentation shall not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or
jurisdiction.
The information in this presentation is not complete and may be
changed. December 1, 2015
Safe Harbor Statement |
 WWW.VERIFYME.COM The Multi-Factor Authentication (MFA), Biometric Systems and Anti-Counterfeiting Markets are projected to grow at
compound
annual
growth
rates
(CAGR)
of 19.67%, 17.50% and 14.10%, respectively, through the end of the decade 1 Addressable Market Opportunity 2 1 Market data from Marketsandmarkets We have independent patented, mature, disruptive solutions for both of these markets that we are monetizing now.
In Q2, 2016 we plan to launch BrandGuard, a patented, disruptive
solution that exploits the convergence of these 2 markets
Multi-Factor Authentication & Biometric Systems
Markets (2014-2020)
Anti-Counterfeiting Markets
(2014-2019) |
 WWW.VERIFYME.COM Physical Solutions 3 |
 WWW.VERIFYME.COM Multi-Factor Authentication 1 4 II. Biometric Factors Something You Are Finger Print Facial/Voice Recognition (live-ness detection) III. Geo-Location Factors Somewhere You Are IV. Knowledge Factors Something You Know Gesture Swipe Safe Color Choice I. Possession Factor Something You Have |
 WWW.VERIFYME.COM VerifyMe Demonstration 5 |
 WWW.VERIFYME.COM VerifyMe BrandGuard Combining Digital and Physical Solutions 6 • Specialty Inspection tools are not required • Free mobile app leverages built-in smartphone capabilities to create specialized inspection tool • Mobile app communicates with cloud services to perform authentication and create chain of evidence • Mobile app can be used anonymously or it can authenticate user • Brand owner determines what information to present back to user for authenticated goods • Brand owner maintains complete transactional information • Product ID • Date/Time • Geo-location • Product Image • User VerifyMe BrandGuard BrandGuard BrandGuard |
 WWW.VERIFYME.COM Company Overview 7 Corporate Restructuring Completed June 2015 New Management Team CEO, COO, CTO, VP Sales Acquired Intellectual Property Originally developed at DataTreasury Corporation Name Change to VerifyMe, Inc. and Ticker Symbol Change to “VRME” $1.5 million Equity Capital Raise Approximately $7.5 million of Debt converted into Equity 5.5 million shares outstanding/ 3.6 million float ¹
VerifyMe,
Inc.
is a pioneer in Multi-Factor Authentication (MFA) and Anti-Counterfeiting technologies. Our security solutions prevent identity theft, counterfeiting and fraud in the physical and cyber worlds. VerifyMe’s solutions can work on a standalone basis or together in a fully integrated, all encompassing security solution. Investment Highlights - Large and growing markets - Mature, patented products - Significant pipeline of opportunities - Plan to list on a National Securities Exchange 1 Bloomberg Data |
 WWW.VERIFYME.COM Management Team 8 Paul Donfried, CEO & Director - Former CTO, LaserLock Technologies, Inc. - Former CTO Identity & Access Management, Verizon - Former VP Identity & Access Management Solutions, SAIC - Various Positions, Apple Computer Inc., General Electric & The Bank of Montreal - Rensselaer Polytechnic Institute, B.S. Computer Science Sandy Fliderman, CTO - Former CIO, VEEDIMS, LLC. - Co-Founder & former CTO, Zaah - Former IT Team, J.P. Morgan - Former Consultant, DataTreasury Corporation - Founder, eMerchant Services - St. Johns University, B.S. Telecommunications & Computer Science Benjamin Burrell, COO - Former Vice President, J.P. Morgan - Former Vice President, New Vernon Financial LLC - Former Officer, Barclays Bank Plc - Leeds Becket University Jennica Hawkins, VP Sales - New England Regional Sales Manager, Business Development for LaserLock Technologies, Inc - Management positions for a Member of Congress and New York State Governor’s Office - Course Assistant, Harvard Extension School Scott Mcpherson, CFO - Former CFO, Cannlabs - Former CFO, Virtual Piggy, Inc - Former CFO, TriMedia Entertainment Group - Certified Public Accountant, Certified Valuation Analyst, Certified Fraud Examiner - Clarkson University, Bachelor of Science in Accounting and Law Balu Ramamurthy, Director of Engineering - Software Consultant, Goldman Sachs - Algorithms & Software Developer, Eyelock - Software Engineer, WIPRO Technologies - Clemson University, Master of Science, Computer Science - SSN College of Engineering (SSNCE), Chennai, Bachelor of Technology, Information Technology, India |
 WWW.VERIFYME.COM Physical Identification & Authentication Digital Identification & Authentication Security pigments expressed as inks & dyes Product and packaging consumer safety, track & trace Document integrity, identification & tracking Authentication devices – mobile, electronic & visual Multi-factor authentication risk scoring & aggregation
Liveness
detection & vulnerability management
Learning capabilities that minimize false rejections
Environmental enhancement and noise reduction
Granted
- 6,483,576 - 6,672,718 - 6,813,011 - 6,861,012 - 7,939,239 - 8,551,683 - 14/184,195 - 7,725,732 - 7,519,558 Pending - 14/212,757 - 14/028,131 - 13/910,482 - 14/014,339 - 14/016,032 - 14/079,513 - 14/079,536 Intellectual Property 9 Portfolio consists of 9 issued patents and 7 pending applications
Digital
Identification
and
Authentication
patents
originally
developed
by DataTreasury Corporation - Data Treasury earned more than $350 million in licensing revenue from 2006-2010
Members of management and board of directors are named inventors on
most of the patent portfolio |
 WWW.VERIFYME.COM Customers & Partners Discovery Customization Testing Implementation Manufacturer of government ID’s, documents & passports 9.4 million foreign government ID cards produced in 2015. Further bids for local state and international documents and authentication devices pending Pharmaceutical & medical device products New drug being brought to market with consumer level (overt) and forensic level (covert) technologies on their packaging as part of their brand strategy Testing completed with sports and dental device company who utilizes 3D technology. Approaching first production run Printer packagers - consumer & pharmaceutical products Partnering with several printer packagers serving multiple industries. Some agreements already in place to market VerifyMe solutions to underlying customers Digital printing equipment manufacturers Initial testing complete with manufacturer of digital offset printing presses that are supplied to 4000 global customers Online subscription services Traditional Passwords, PINS, OTP devices can be shared by multiple individuals – leading to lost revenue. For many organizations VerifyMe can immediately improve their bottom-line Online gaming/entertainment Compliance and fraud are the biggest impediments to growth. VerifyMe uniquely integrates biometric authentication with other attributes like Geo-location to
cost effectively overcome these barriers
Mobile Authentication
(BrandGuard)
Patent received for recognizing
security markings using
smart phone technology (camera/light source).
Development has started on the new application, as well
as discussions with prospective customers
Commercialization Streams
10 |
 WWW.VERIFYME.COM Timeline* 11 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 New CEO and CTO New Engineer/Developer New COO Corporate Update and Outlook PR Issued Corporate Restructuring and Investment, Debt Conversion, Reverse Stock Split Patents Acquired from DataTreasury Engaged IR Firm V2 Digital Product Launch Patent Issued Additional Partnerships for Physical Product Apply for National Securities Exchange Listing First Pharmaceutical Partner for Physical Product * Future dates are projected and subject to change |
 WWW.VERIFYME.COM Summary 12 • Corporate Restructuring Complete • New management team in place • Core intellectual property acquired • Capital raise complete and nearly all debt retired • Large and Growing Addressable Markets • 17.09% average CAGR projected through 2020 • Focused Product Offering • Digital Multifactor Authentication, Physical Anti- Counterfeiting Pigments & All Encompassing Solutions • Highly Scalable Business Model • Anticipated through channel partners • Low overhead with low cash burn • Drive Revenue • Expect to maximize existing channel partner opportunities • Expect to engage new channel partners to increase distribution • Expect to expand sales force • Innovate • Plan to create new IP in key technology areas • Plan to enhance and refine core product offerings • Seek National Securities Exchange Listing • Plan to apply in Q1 2016 |
 WWW.VERIFYME.COM Contact 13 Ben Burrell Chief Operating Officer Office: 212 994 7002 ext. 702 bburrell@verifyme.com VerifyMe 12 West 21 st Street, 8 th Floor New York, NY 10010 For more information, please contact: |