VerifyMe, Inc. (OTCQB: VRME), a pioneer in patented physical, cyber and biometric technologies that authenticate people and products announced today that the board of directors has elected Patrick White as Chief Executive Officer. Mr. White has been working as an outside consultant to the company since June 1, 2017 and he was previously the CEO and founder of Document Security Systems, Inc. from 2002 through 2012.
"In the last year, I have vetted multiple offers to come back into the security industry and I chose VerifyMe, Inc. due to its valuable biometric verification and product packaging security patent portfolio," commented Mr. White. "The opportunities are vast due to the enormous and growing problems of counterfeiting and identity theft and the inherent challenges in preventing significant monetary damages from these crimes. There is a growing demand for people and product verification in the digital age. VerifyMe has the technology to address these verification needs. Also, I am very pleased that we have assembled an extremely powerful and successful business-minded Board of Directors and I look forward to building the company with them."
The new board of directors includes several new independent members:
- Private investor Howard Goldberg
- Silicon Valley investor Paul Klapper
- Laurence Blickman, who is Senior Managing Director, Institutional Investments at Cushman & Wakefield
- Marshall Geller, who is a Senior Advisor to St. Cloud, a Los Angeles-based private investment firm.
These new directors join Claudio Ballard, a US-IP patent monetization expert, and Larry Schafran, a noted specialist in mergers and acquisitions, who have agreed to remain on the board. Norman Gardner, founder of VerifyMe and former CEO, will remain as Chairman of the Board.
Mr. White has moved the corporate headquarters to Rochester, NY. The new address is Clinton Square, 75 S. Clinton Ave, Suite 510, Rochester, NY 14604.
About VerifyMe, Inc.
VerifyMe, Inc., is a high-tech solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products and people. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people utilizing biometrics and strong, multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com
