VerifyMe Initiates the Release of Version 2.0 With Developer Portal Launch

NEW YORK, Feb. 03, 2016 -- VerifyMe, Inc. (OTCBB:VRME), a pioneer in patented physical, cyber and biometric technology solutions that prevent identity theft, counterfeiting and fraud, today initiated the release of Version 2.0 by launching the VerifyMe Developer Portal for easy and direct access to VerifyMe’s application programming interfaces (API’s).

VerifyMe’s Version 2.0 platform replaces traditional password/PIN logins and outdated 2-factor authentication systems with fast and strong authentication of several attributes including geo-location, biometrics, knowledge factors and possession factors. VerifyMe’s API’s provide enterprise application developers with the resources and support needed for seamless integration of VerifyMe’s multi-factor authentication product.

“The core strength of any platform lies in the abilities of developers to learn, try, and build against the platform API’s and capabilities,” said Paul Donfried, VerifyMe Chief Executive Officer. “As VerifyMe matures as a platform, it’s the creativity and efforts of the developer community that will drive innovation. Our new Developer Portal makes it simple and easy to leverage our REST API’s and have the power of flexible biometric enabled multi-factor authentication directly integrated into your own app or website. After integrating NIST Level 4 Identity Assurance, typically in a few hours, developers can then focus on delivering new services and content, based on the highest level of safety, security and privacy protection.”

The flexible platform based on a scalable, patented risk scoring engine, allows the incorporation of any type of authentication mechanism, including customer specified and/or proprietary mechanisms. The high level API’s completely insulate the Relying Party from both the complexity and financial risk of having to select specific technologies.

“The VerifyMe API’s make it easy for engineers to integrate VerifyMe with web and mobile applications. The new portal is a welcome addition for central access to API’s, documentation, samples and many more resources,” stated VerifyMe Chief Technology Officer Sandy Fliderman. “I’m excited for the launch of our Developer Portal with all our API documentation and automated reporting.  We have been working hard to make the API’s as easy to integrate as possible and with the addition of the Developer Portal any developer can go online and begin the process of adding strong multi-factor authentication to their own app or website,” continued Mr. Fliderman.

The new VerifyMe Developer Site is available at https://developer.verifyme.com

About The Company

VerifyMe is a high-tech solutions company in the field of authenticating products and people. VerifyMe's physical technology authenticates products, documents and currency with a suite of proprietary security inks and pigments. The company's digital technology authenticates people by performing strong, multi-factor verification via its patented digital platform. To learn more, visit www.verifyme.com.

Forward-Looking Statements

This press release includes "forward-looking statements," which may be identified by words such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: our ability to raise additional capital, our limited revenues generated to date, our ability to attract and retain qualified personnel, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other factors set forth described in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC on April 16, 2015. VerifyMe (formerly known as LaserLock Technologies) expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Investors and Media:
Benjamin Burrell
Chief Operating Officer
[email protected]
212-994-7002 x702

Investor Relations
VerifyMe
[email protected]