StrikeForce Technologies Scores Big in Banking
News just out confirms that StrikeForce Technologies (OCTBB: SKFT ) Identity Theft Prevention suite of products is gaining significant traction within the banking industry. Financial Services Inc, a leaderFinancial Services, Inc. a leading provider of quality data processing and item processing to banks has just released their browser based Home Banking System featuring StrikeForce’s ValidateID and ProtectID technologies. Simultaneously, they announced that Schuyler Savings Bank, an 83 year old bank located in Kearny, NJ has been using the product since September 17th and has already given the product a big thumb’s up when Alberto Alemany, VP and CFO of Schuyler Savings bank commented, “I am very pleased with the system and plan to offer it to our clients in October.”
This is a very exciting and confirming announcement in that it confirms StrikeForce’s focus on developing multiple vertical markets. Not only has Financial Services, Inc acquired StrikeForce’s product suite to use in the development of their latest product, they now are developing their own vertical market for StrikeForce related products. By creating partnerships capable of effectively establishing and selling into vertical markets, StrikeForce can multiply their marketing presence without any significant overhead to their company.
These commercial relationships which represent the potential of making StrikeForce’s presence in computers worldwide equal to the most popular anti-virus software gives the investing community a preview of the potential this company represents. Retail sales of their products to consumers like you and me may be more visible but it is the development of numerous relationships with partners like Financial Services Inc. that represent the big bucks here. It’s impossible for me to conceive me StrikeForce selling their GuardID product (as good as it is.. and it’s great) to a billion consumers but I can easily imagine companies selling StrikeForce enabled products to big business like banks and insurance companies who in turn pay to distribute the technology to their customers or sell to their customers to use in their on line relationships. (You’ll have to forgive me for suggesting that an insurance company might actually give their customers something instead of charging them. I guess I forgot for a moment the industry I was talking about.)
Through vertical market partnerships and strategic alliances, with a better mouse trap, a small company like StrikeForce Technologies can grab significant market share in a hurry. Today’s press release is another in a series of developments that reconfirm our enthusiasm about the company.
In our opinion, the stock is cheap right now, very undervalued indeed but the window of opportunity could close at any moment. Don’t wait on this one. Check it out. See if it fits into your speculative portfolio. It has ours. Check out our Vanguard Research Report on StrikeForce Technologies. We guarantee you will find it informative and interesting.
