VerifyMe Appoints Paul Vitali to Lead New European Office

ROCHESTER, NY / ACCESSWIRE / March 31, 2020 / VerifyMe, Inc. (OTCQB:VRME), a technology solutions provider specializing in brand protection such as counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products, is pleased to announce the hiring of Paul Vitali as its Vice President of Business Development for its EMEA (Europe, Middle East, Africa) Division.

Mr. Vitali is based in Zug, Switzerland. With over 20 years of business development experience, Mr. Vitali has established relationships in the apparel, pharmaceutical and beverage industries.

VerifyMe Chief Executive Officer Patrick White, commented, Paul will assist with our on-going work with existing contacts and is expected to create new opportunities to expand VerifyMe's presence in his territories. Utilizing Paul's contacts in Europe, the Middle East and Africa at this time will allow us to explore opportunities in the EMEA market despite the current travel limitations due to the ongoing coronavirus pandemic. We look forward to working closely with Paul and the new opportunities we expect he will bring us in the EMEA."

VerifyMe VP Business Development EMEA, Paul Vitali commented, "I am extremely excited to work with VerifyMe and introduce their anti-counterfeit, authentication, serialization and track and trace security solutions to manufacturers and brand owners in the EMEA region. I will have a particular focus on apparel, pharmaceutical and beverages and believe all three industries are in need of increased security authentication. Major apparel brands need to address problems associated with sustainability, product diversion, verification of product, materials, ingredients, production, counterfeiting and customer engagement. Pharma needs authentication, anti-counterfeit, anti-diversion and track and trace capabilities. The beverage industry needs "barley to bottle" authentication. I have already identified multiple targets with a goal of attaining 10 new active clients or pilots in 2020."

About VerifyMe, Inc.

VerifyMe, Inc., is a technology solutions company that markets products supported by patents, patent applications and trade secrets which provide identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging and products. The company also markets multi-factor biometric verification solutions to verify people. VerifyMe's physical technology authenticates packaging, labels and documents with a suite of proprietary security inks and pigments, which work in conjunction with serialization and track-and-trace software. The company's digital technologies authenticate people by performing strong, multi-factor biometric verification via its patented digital software platforms. To learn more, visit www.verifyme.com

Cautionary Note Regarding Forward-looking Statements

This release contains forward-looking statements regarding revenue opportunities, the use of our products in additional presses and locations, the results of ongoing tests, and roll-out of our products and authentication devices which involve uncertainty and risk. The words "believe," "may", "estimate," "continue," "anticipate," "intend," "should," "plan," "goal, " "could," "target," "potential," "is likely," "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 Company's ability to work with partners in selling its technologies to businesses, production difficulties, our inability to enter into contracts and deals with future partners, and issues which may affect the reluctance of large companies to change their purchasing of products, acceptance of our technologies, the efficiency of our authenticators in the field, our patents including potential litigation, and the ongoing novel COVID-19 pandemic. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2019. 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.

For Licensing or Other Information Contact:

Company: VerifyMe, Inc.
Email: IR@verifyme.com
Website: http://www.verifyme.com

EMEA Contact Details:

Paul Vitali
Zug, Switzerland
pvitali@verifyme.com
+41 76 297 5746

SOURCE: VerifyMe

ReleaseID: 583164