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VerifyMe Announces Largest Brand Protection Order Received to Date

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VerifyMe Announces Largest Brand Protection Order Received to Date

March 29
22:48 2022

ROCHESTER, N.Y. – March 29, 2022 – VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), providing authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products to brand owners, announced today that it has received a follow-on order for approximately five million VerifyMe technology-enabled product labels from a cannabis related client.

VerifyMe Logo (PRNewsfoto/VerifyMe, Inc.)

The client has added additional brand protection features enhancing product security on this new order, scheduled for delivery in the second quarter. Dynamic VerifyMe codes allow consumers to authenticate the product and receive detailed product-specific information using their smartphones.

VerifyMe’s Chief Executive Officer, Patrick White, commented, “We believe this repeat order demonstrates the quality and effectiveness of our brand protection and consumer engagement solutions allowing consumers to authenticate the product as genuine and download product certificates of analysis as well as other engagement functions directly to their mobile phone.”

About VerifyMe, Inc.

VerifyMe, Inc. (NASDAQ: VRME), is a technology solutions provider specializing in products to connect brands with consumers. VerifyMe technologies give brand owners the ability to gather business intelligence while engaging directly with their consumers. VerifyMe technologies also provide brand protection and supply chain functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products.

To learn more, visit www.verifyme.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements regarding revenue opportunities, our sales pipeline and opportunities, and our ability to fulfil new and existing orders. The words “believe,” “scheduled” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe 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 impact of the COVID-19 pandemic the successful development of our sales and marketing capabilities, our ability to retain key management personnel, our ability to work with partners in selling our technologies to businesses, production difficulties, our inability to enter into contracts and arrangements with future partners, and issues which may affect the reluctance of large companies to change their purchasing of products. These risk factors and uncertainties include those more fully described in VerifyMe’s Annual Report and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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