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OUR TECHNOLOGY
"MFA" Multi Factor Authentication
"2FA and MFA" technology is currently used THOUSANDS of times every SECOND by nearly 5 BILLION concurrent users across nearly ALL transactional platforms."
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Verify Smart Corp (VSMR) is the exclusive license holder of this patented technology and has licensed a multitude of financial institutions, telecommunications and crypto currency companies, including Microsoft.
Important Update:
VERIFY SMART CORP
Subject: Update to Shareholders - December 2023
A Message from Annamarie Seabright, EVP of Communications for Verify Smart Corp.
Dear Valued Shareholders,
With the year drawing to a close, may this message find you in good health and spirits. As your Vice President of Communications, I am pleased to present this Q4 update on the recent developments and future direction of Verify Smart Corp.
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Recent Board Developments and Achievements
Over this past quarter, our team has made significant strides in several key areas. One of the main highlights includes the successful implementation of a new Board of Directors. At the Shareholder’s Meeting in September, the shareholders ratified the decision of the Board of Directors and elected to increase the Board by four seats. These seats are to be occupied by Perseverance Capital Partners (PCP) shareholder nominees Donald “Nick” Williams, Jay Gentry, James Rose, and Greg Barna.
In line with our strategic goals, we have also expanded our partnerships, collaborating with Stewart IT, an industry leader, to broaden our market reach in Canada and diversify our overall service portfolio. This partnership promises not only to expand our business footprint but also to bring a fresh perspective and expertise that are invaluable for our growth trajectory.
Financial Health and Projections
Our efforts in Q4, including talks related to aligning the organization with investor expectations and preparing for upcoming audits, are crucial for the company's growth and stability.
In preparation for upcoming audits, we continue to rigorously review our legacy paperwork and systems. This is a critical step towards achieving a fully reporting status, a milestone that will mark a new chapter in our journey towards greater transparency and investor confidence.
Looking ahead, we are optimistic about our potential financial projections for the coming year. Strategic initiatives, as well as the ongoing expansion of our executive team, offerings and alliances are what we expect to drive rapid growth.
Governance and Compliance
On the governance front, we are creating a strategic plan to enhance our corporate governance framework, ensuring that we not only comply with regulatory requirements but also adhere to best practices that foster transparency and accountability.
Investor Relations Communication and Inquiries
As part of our ongoing commitment to improve communication and streamline our engagement with our valued shareholders, we are writing to inform you of an important update regarding our investor relations practices.
Effective immediately, all interactions and communications related to investor relations, including responses to shareholder inquiries, will be conducted exclusively through our official website (www.verifysmart.net). This strategic shift is designed to enhance the accessibility, efficiency and consistency of our communication with you.
Key Changes:
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Centralized Information: Our website will serve as the primary hub for all investor relations materials, including financial reports, press releases, corporate governance details, and future investor events.
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Dedicated Inquiry Section: A specific section for shareholder inquiries has been established on our website. Here, you can submit your questions, and our investor relations team will provide timely responses.
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Regular Updates: We will ensure that the website is regularly updated with the latest information relevant to your interests as shareholders.
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Webinars and Virtual Meetings: We will host regular webinars and virtual meetings, which will be announced on our website, to keep you informed about company developments and allow for interactive Q&A sessions.
Why This Change:
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Consistency and Accessibility: Centralizing communications through our website ensures that all shareholders have equal access to information and updates.
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Transparency and Compliance: This approach allows us to maintain a high level of transparency and adhere to regulatory compliance standards in our communications.
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Efficiency: Responding to inquiries through a single platform enhances the efficiency and speed of our communication.
Your engagement and trust as shareholders are paramount to us, and we are confident that this new approach will foster a more effective and transparent communication channel.
For any immediate questions or feedback regarding this transition, please do not hesitate to reach out through the website's inquiry section.
Looking Forward
As we move into 2024, we are excited about the opportunities that lie ahead. Our focus will remain on driving growth, enhancing shareholder value, and maintaining the highest standards of corporate governance.
We also understand the importance of keeping our shareholders informed and engaged, which is why, starting in January 2024, we will be issuing a monthly newsletter. This will serve as a platform to provide you with the latest information and updates on Verify Smart Corp’s actions and events.
The support from stakeholders in September seems to have been instrumental in fostering a stronger and more capable organization. As we approach the end of the year, it's heartening to deliver these positive developments and to anticipate a more engaged and transparent VSMR in the new year.
I would like to extend my deepest gratitude for your continued support and faith in our company. Your trust is the cornerstone of our success, and we are committed to delivering on our promises and driving value for all our stakeholders.
I wish you Happy Holidays and a blessed New Year!
And I look forward to connecting with you through our website and newsletter in January.
Warm regards,
Annamarie Seabright
CCO and EVP Communications
Verify Smart Corp.
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What To Know...
MFA has become increasingly popular in recent years, and for good reason. Passwords can be easily compromised, either through brute-force attacks or phishing scams. By requiring a second factor of authentication, MFA provides an extra layer of security that can prevent unauthorized access to sensitive data and transactions. MFA can also be used to protect against identity theft, as it makes it much harder for attackers to impersonate legitimate users.
Canadian Patent Defense & EU Patent Pending
Verify Smart Corp is pleased to share its worldwide expansion and protection of its MFA technology! VSMR is now on the verge of winning its European Union patent appeal, granting the firm access to 26 European states! In addition VSMR is spending its efforts on protecting its technology in Canada, allowing the corporation to generate ENORMOUS profits!
The Evolution of VSMR...
Verify Smart Corp was founded in 2006, the company struggled for many years without access to a marketable patent. Finally, the company was able to obtain U.S. and Canadian patents due to the efforts of its current President and CEO, Tony Cinotti. With many years of hard work and devotion, Verify Smart's MFA technology is now paving the way for numerous lucrative prospects throughout the world!
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What is VSMR's company history?VSMR was started in 2006 as Treasurer Explorations Inc. The company's name was changed to Verify Smart Company in March 2009. The firm was expected to combine with two private BVI corporations, one of which had patent rights. This did not become a reality. In December of 2009, Tony Cinotti joined the firm. At the time, no patents were granted, although applications were submitted in several nations. Working with the inventor and patent lawyers, the business gained US and Canadian patents under the direction of Tony. Due to a lack of promised funds, the firm was unable to obtain or proceed with the additional applications. In 2012, the business started negotiating with mobile interactive to demand their company and texting technologies. Again, this did not materialize owing to a lack of finance. But, VSMR created software to form a mobile fan club for a select few. The effectiveness of the technique was shown by several celebrities and athletes. But, management collaborated with a Scottish software business to build the software in exchange for shares and lower consultation fees. While the product was in great demand and desired by the majority of consumers, capital once again became an issue, and the firm was unable to satisfy demand without further IT assistance. In 2017, the business hired a new CEO and began the process of licensing the patents further and forming partnerships with other companies.
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What exciting recent news is there to tell about the Company?VSMR has new management! Now giving us the capacity to generate new revenue, litigate, create new goods and services, and introduce prospective partners!
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How long has VSMR been in business?The company "Verify Smart Corp"(VSMR) has been in business since 2012!
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What makes VSMR a company the investors and the public should know about?Verify is a public company. Traded on the OTC markets pink. Verify has the exclusive licenses for two factor authentication in the United States, Canada, South Korea and pending in the EU. VSMR has licensed these patents to banks, telecommunication companies Internet providers and Microsoft. The company is working on securing the EU patent and has an oral hearing in July of this year.
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What is the Company's earning potential and outlook? Has the Company been profitable?As a result of the many patent infringements, the profit potential is substantial. The corporation has retained lawyers to promote the patents through litigation and/or collaboration with infringers. Also, the business seeks to acquire patents and technologies related to two-factor authentication.
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What is VSMR's current litigation and focus on Canada; the invitation to other companies to merge or be acquired; the pending patent in the EU?Current dispute between VSMR and Equitable Bank in Canada is ongoing. Since Canadian patent law differs from that of the United States, the majority of cases are resolved within a year, and it is far simpler to litigate in Canada than in the United States, where VSMR's lawsuits have been outstanding for more than five years. The corporation intends to extend its lawsuit in Canada with the hope of generating huge profits. Moreover, the similar effort will be launched in South Korea. The upcoming patent appeal in the EU will be heard in July of this year, and the firm believes it has a high chance of prevailing since it is working with the original inventor, who is also our current CTO, and a formidable team of international lawyers. If VSMR prevails in its appeal, it will get access to 26 European nations.
2FA and MFA Statistics
99%
OF ALL HACKED ACCOUNTS DO NOT USE MFA MULTI FACTOR AUTHENTICATION
90%
OF PASSWORDS CAN BE CRACKED IN LESS THAN 6 HOURS
1.2 Billion
POTENTIAL CYBER THREATS ARE BLOCKED WITH MFA
EVERY FEW MINUTES
88%
DATA BREACHES
WERE DUE TO COMPROMISED PASSWORDS
THE CREW
Our
Executive Team
We are pleased to present our executive team of seasoned experts that are responsible for guiding the organization and its various divisions to achieve the mission and vision of the corporation! Our leadership team is adept in informing, motivating, and inspiring our organization to reach its full potential. With our team of highly accomplished and experienced individuals, we have the capacity to now massively develop and elevate the company!
EXPERIENCED
PRODUCTIVE
EDUCATED
CAPABLE TEAM
VSMR Executive Team