The March 19, 2019 Press Release has a number of important details that when read alongside other information, get even more interesting. My opinion is that there is enormous potential with ACS distributing SFOR technology through DSS . These "first two" clients could potentially generate more in annual revenue to SFOR than the current SFOR marketcap as of March 20, 2019.
Here's the March 19th PR
http://www.globenewswire.com/news-release/201...-Asia.html
These are the takeaways I see:
1) "StrikeForce Technologies, Inc. (OTCQB: SFOR) announces that one of its distributors has closed several major deals for its keystroke encryption throughout Asia ."
background info- SFOR channel partner ACS, distributes in Asia through DSS
http://www.globenewswire.com/news-release/201...ement.html
2) "StrikeForce will translate and localize our desktop and mobile keystroke encryption app for distribution throughout China.
background info- SFOR created software & engineered "white label" products for ACS which owns CSI. This March 19, 2019 news seems to be localizing those "white label" products
https://www.sec.gov/Archives/edgar/data/12855...-index.htm
3) "StrikeForce is receiving $350,000 in revenues to be received and development fees over five months"
opinion - revenues from these two clients are being received
4) "Once the localization is finished StrikeForce will be receiving fees on a per-user per-month basis. “Given that the first two customers have almost 20 million users, this has the potential to grow really big and really fast over time,”
opinion - potentially 20 million users with these two customers, multiplied by the monthly license fee and a 15% royalty rate to SFOR is more in annual revenues to SFOR than the current SFOR market cap. See also
https://www.sec.gov/Archives/edgar/data/12855...-index.htm
5) “In addition to these deals, our distributor has deep ties into the Asian and Australia markets as well as in the U.S., reaching nearly 2 billion people, including China, Singapore and Hong Kong, which houses over 1.4 billion people alone and spends almost 25% more on cyber security than the global average,"
opinion - so these first 2 deals of several, potentially reach 20m people, but the distributor has ties to a total reach of nearly 2 billion people.
Here's the March 19th PR
http://www.globenewswire.com/news-release/201...-Asia.html
These are the takeaways I see:
1) "StrikeForce Technologies, Inc. (OTCQB: SFOR) announces that one of its distributors has closed several major deals for its keystroke encryption throughout Asia ."
background info- SFOR channel partner ACS, distributes in Asia through DSS
http://www.globenewswire.com/news-release/201...ement.html
2) "StrikeForce will translate and localize our desktop and mobile keystroke encryption app for distribution throughout China.
background info- SFOR created software & engineered "white label" products for ACS which owns CSI. This March 19, 2019 news seems to be localizing those "white label" products
https://www.sec.gov/Archives/edgar/data/12855...-index.htm
3) "StrikeForce is receiving $350,000 in revenues to be received and development fees over five months"
opinion - revenues from these two clients are being received
4) "Once the localization is finished StrikeForce will be receiving fees on a per-user per-month basis. “Given that the first two customers have almost 20 million users, this has the potential to grow really big and really fast over time,”
opinion - potentially 20 million users with these two customers, multiplied by the monthly license fee and a 15% royalty rate to SFOR is more in annual revenues to SFOR than the current SFOR market cap. See also
https://www.sec.gov/Archives/edgar/data/12855...-index.htm
5) “In addition to these deals, our distributor has deep ties into the Asian and Australia markets as well as in the U.S., reaching nearly 2 billion people, including China, Singapore and Hong Kong, which houses over 1.4 billion people alone and spends almost 25% more on cyber security than the global average,"
opinion - so these first 2 deals of several, potentially reach 20m people, but the distributor has ties to a total reach of nearly 2 billion people.
13
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