StrikeForce Technologies Files a Regulation A Form 1-A for Raising Additional Funds for it’s SafeVchat™ Video Conferencing Service & Latest Acquisition

Rhea-AI Summary

StrikeForce Technologies, Inc. (OTC PINK: SFOR) has filed a Regulation A, Form 1-A to raise up to $7.5 million for the development and marketing of its products, PrivacyLok™ and SafeVchat™, following its acquisition of Cybersecurity Risk Solutions (CRS). The company aims to position itself as a leader in cyber, privacy, and data protection solutions for both businesses and home users. Qualification by the SEC is pending, with no guaranteed timeline for approval.

Positive

• Filed Regulation A, Form 1-A to raise up to $7.5 million.
• Acquisition of Cybersecurity Risk Solutions enhances market position.
• Focus on product development for SafeVchat™ aligns with remote work trends.

Negative

• The timeline for SEC qualification is uncertain.
• Dependence on fundraising could strain financial resources.

EDISON, N.J., April 26, 2021 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTC PINK: SFOR), the “Company”, a unique Cyber Security Company filed a Regulation A, Form 1-A today for raising additional capital to further develop and market our latest products PrivacyLok™ and SafeVchat™, as well as our recent acquisition of Cybersecurity Risk Solutions (CRS). We believe this positions StrikeForce as the leading provider of innovative cyber, privacy and data protection solutions for business and home users.

StrikeForce Technologies must first get the Regulation A, Form 1-A qualified by the Securities and Exchange Commission. There are no assurances as to the time frame for qualification.  Following qualification, we intend to raise up to $7.5million dollars in the registered offering, for which prospective qualified investors and possible interested parties will receive shares of our common stock, the proceeds of which will be generally used for continually completing features of SafeVchat™ and more marketing of the product.

Mark Kay, CEO of StrikeForce commented, “The best way to raise funds for this product is through our potential interested shareholders and interested parties. We also feel that this new product will be extremely important during this pandemic as companies continue to have employees work from home, especially with all the cyber security features that our secure SafeVchat™ offers.”

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 and keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. (OTC PINK: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.

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 applications, COVID-19, 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.

Corporate Contact Info:
StrikeForce Technologies, Inc.
Mark L Kay
(732) 661-9641
marklkay@strikeforcetech.com

Media Contact Info:
StrikeForce Technologies, Inc.
George Waller
(732) 661-9641
gwaller@strikeforcetech.com

FAQ

What is StrikeForce Technologies planning to raise capital for?

StrikeForce Technologies intends to raise up to $7.5 million to develop and market PrivacyLok™ and SafeVchat™, as well as to support its recent acquisition of Cybersecurity Risk Solutions.

What is the significance of the Regulation A, Form 1-A filing by SFOR?

The filing allows StrikeForce to seek funding from prospective investors, which is crucial for advancing their cybersecurity products.

What challenges does StrikeForce face with its SEC qualification?

There is no guaranteed timeline for SEC qualification, which may delay the fundraising process and product development.

How does the acquisition of Cybersecurity Risk Solutions impact StrikeForce?

The acquisition is expected to enhance StrikeForce's capabilities in providing advanced cybersecurity solutions, potentially leading to market growth.