Strikeforce Technologies Inc (OTCMKTS:SFOR) continues to edge higher in the market in the wake of a recent sales agreement with Target Corporation (NYSE:TGT). The agreement allows the retailer to sell the company’s patented keystroke encryption software in select stores and on its online store.
StrikeForce Target Agreement
The agreement should help bolster the company’s sales effort, as this will give GuardedID® anti-keylogging and MobileTrust® exposure to a bigger target market. StrikeForce expects the agreement to provide customers an affordable way of protecting their personal information at a time when cyber-attacks are a big concern.
Developed for both iOS and Android devices, GuardedID® provides a military-grade encryption protection on computers and laptops. MobileTrust® on the other hand, is a security bundle designed to offer the same level of protection as GuardedID® but this time on mobile devices. CEO L. Kay expects the agreement to bring the company closer to attaining its retail store strategy while also helping keep people safe.
Recently the company filed its Form 10-Q detailing its financial results for the first three months of the year. Revenues for the quarter came in at $82,709 compared to $68, 661 posted for the same period last year. The increase according to the company was down to an increase in maintenance sales as well as hardware sales and sign on fees revenues.
The company says it has identified opportunities that should lead to a further increase in sales having already inked deals for the sale of products in various outlets and enterprise accounts. With Target, onboard StrikeForce believes it is on course for a stellar year on earnings as it continues to explore, new opportunities that have the potential to generate more shareholder value.
Patent Litigation
Meanwhile, Strikeforce Technologies Inc (OTCMKTS:SFOR) has initiated patent litigation against three major competitors on the infringement of its United States Patent No. 8,484,698. Granted on July 9, 2013, the patent describes various underlying technologies that encompass a multichannel security system for granting and denying access to computers.
Life Clips Inc (OTCMKTS:LCLP) Enters Into A Distribution Deal With Barak Corporation Spain
Life Clips Inc (OTCMKTS:LCLP) posted that it has finalized a distribution deal with Barak Corporation Spain. This deal calls for a minimum buying of 400,000 Mobeego units, which then will be distributed in the Portugal and Spain markets.
Bob Gruder, the CEO said, that it is another big achievement for the company. It comes in line with the original plans to further set distribution channels in the U.S. market and abroad. They are delighted to have a distribution associate like Barak Corporation. Seeing the response they have already received from other global vendors, they feel the same positivity to correspond within the Portugal and Spain markets as well.
Previously, the company confirmed about its venture into the leisure and travel marketplace, after it received an order from distributor group, DFJ Collections OY. The growth rate, recorded in last few years in the tourism and travel industry, has prompted the company to take this decision.
