StrikeForce Technologies (SFOR) rallies on news

Posted on: February 15th, 2011
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Identity theft and data security solutions provider, StrikeForce Technologies, Inc. (OTCBB: SFOR) announced on Monday that the company signed an agreement with the Alexandria, Virginia-based Sovran Resources Group, which specializes in providing corporate services such as business development, channel management and sales to Federal, State and local governments.

According to StrikeForce’s CEO, Mark Kay, this agreement will help StrikeForce get in front of a “vast list of potential customers,” and channel and strategic partners.

Shares of StrikeForce have had two consecutive days of heavy volume, trading 7.8 million shares on Monday, and more than 5.5 million shares in late-day trading on Tuesday.

Sovran specializes in working with the telecommunications, security, information and logistics technology industries. The firm’s clients include national and international software and technology firms who are leaders in “mission-critical” technologies.

“Sovran’s management and consultants have developed solid relationships in the Federal and other government levels, specifically in the areas of national security, information systems and telecommunications, as well as the private sector including various well known government integrators for over 30 years,” says John Royall, Sovran Chairman & CEO in a statement. “We are proud to represent StrikeForce, primarily in the government sector, and excited about the technology solutions StrikeForce can contribute to our National Security through their security products, GuardedID®’s keystroke encryption and ProtectID®’s patented 2-factor and Out-of-Band Authentication.”

“We are looking for a financially successful and long term partnership with the Sovran Resources Group in 2011 and beyond,” Kay said in a statement.

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