Welcome to our dedicated page for VerifyMe news (Ticker: VRME), a resource for investors and traders seeking the latest updates and insights on VerifyMe stock.
VerifyMe, Inc. reports company developments tied to its logistics and brand-protection businesses. The company operates Precision Logistics for time- and temperature-sensitive parcel management, including healthcare and food markets, and an Authentication segment focused on anti-counterfeit and brand protection solutions.
Recurring VRME news includes operating and financial results, material agreements, shareholder voting matters, governance updates, capital-structure disclosures, and Nasdaq listing-rule compliance notices. Company updates also address public-company events that affect its common stock, reporting status, and corporate governance.
VerifyMe, Inc. (NASDAQ: VRME) announced its participation in the Inaugural Emerging Growth Virtual Conference, hosted by M-Vest LLC and Maxim Group LLC, on March 17-18, 2021. CEO Patrick White will engage in a Fireside Chat on March 18 at 3:30 PM EST. The conference will feature discussions with industry leaders across various sectors including healthcare and technology. Attendees can access exclusive content by becoming M-Vest members. VerifyMe provides advanced brand protection and customer engagement solutions through innovative technology.
VerifyMe, Inc. (NASDAQ: VRME) has signed a sales agency agreement with Syntax Technology Ltd., the exclusive distributor for HP Indigo products in China. This agreement allows Syntax to sell VerifyMe's technology solutions alongside HP Indigo products. Syntax, with over 600 installations and a strong presence in the digital printing market since 1999, enhances VerifyMe's reach in China, one of the largest economies globally. The partnership aims to support the growing demand for brand protection and counterfeiting prevention in the Chinese label and packaging industry.
VerifyMe, Inc. (NASDAQ: VRME) has appointed David Sandello as Director of Sales and Business Development for North America, aiming to expand revenue operations and accelerate growth. With 15 years of experience, Sandello previously served as Global Sales Director at De La Rue, successfully overseeing significant contracts across various industries. VerifyMe's technology solutions are witnessing increased demand amidst rising counterfeiting issues. CEO Patrick White emphasizes the importance of Sandello's leadership in scaling revenue during this growth phase.
VerifyMe (NASDAQ: VRME) announced an initial purchase order for 2 million anti-counterfeiting labels to ensure track and trace for surgical gloves amid the ongoing Covid-19 pandemic. This order marks the first under its partnership with Renavotio (OTC: RIII), emphasizing the urgency to combat counterfeit PPE. The tamper-evident labels feature multiple technologies aimed at brand protection. VerifyMe's technology will help Renavotio build trust with its clients, as highlighted by CEO Patrick White. The press release underscores the critical need for genuine PPE solutions.
VerifyMe, Inc. (NASDAQ: VRME) announced the sale of an additional 100,000 shares at $5.30 each, raising a total of $530,000 in gross proceeds. This sale is part of a larger offering of 1,650,000 shares, following the partial exercise of an underwriters’ over-allotment option. The transaction is being managed by Maxim Group LLC and Joseph Gunnar & Co., LLC. The company continues to explore opportunities in brand protection technology, specializing in counterfeiting prevention and authentication.
VerifyMe (NASDAQ: VRME) has entered into a supply agreement with INX International Ink Company to develop inks integrating VerifyMe's RainbowSecure marking technology. These inks will serve various industries, including beverage packaging and medical equipment. Collaborative testing has shown effectiveness in combating counterfeiting for a major beverage brand. The new ink solutions are anticipated to be available by Q2 2021, expanding VerifyMe's market opportunities.
VerifyMe (NASDAQ: VRME) has entered an underwriting agreement with Maxim Group LLC for a public offering of 1,650,000 shares at $5.30 each, aiming to raise approximately $8.75 million. The offering includes a 45-day option for underwriters to purchase an additional 247,500 shares. This move signifies the company’s strategy to enhance its brand protection technology services. The offering is expected to close on February 12, 2021, subject to customary conditions.
Renavotio, Inc. (OTCQB:RIII) announced a new Marketing and Distribution Agreement with VerifyMe, Inc. (NASDAQ:VRME) to enhance its personal protective equipment (PPE) offerings. The partnership will focus on integrating VerifyMe's anti-counterfeiting technology, addressing the significant issue of counterfeit PPE products amid soaring demand. Renavotio aims to provide verified authenticity for its PPE items, including masks and gloves. This collaboration is expected to drive potential revenue growth and improve consumer protection against counterfeit goods in both U.S. and global markets.
Renavotio has announced a partnership with VerifyMe to enhance its personal protective equipment (PPE) with anti-counterfeiting technology. This collaboration allows Renavotio to market and distribute VerifyMe's products, addressing the growing counterfeit threat in the PPE market. CEO Billy Robinson highlighted the urgency of this partnership due to increased counterfeit incidents in the industry. The technology enables real-time verification of product authenticity, targeting both U.S. and global markets for immediate rollout. VerifyMe's secure solutions aim to boost consumer trust and protect against fraud.
VerifyMe (NASDAQ: VRME) has recently gained media attention due to the growing counterfeit risks associated with e-commerce. With 2020 online holiday sales projected to reach $173 billion, the company emphasizes the importance of its security authentication technologies. CEO Keith Goldstein warns that consumers may inadvertently contribute to counterfeiting by seeking cheaper online deals. VerifyMe's technology provides a track-and-trace solution to authenticate products throughout the supply chain.