Zerify Inc (ZRFY)

[WBCTrader]

BYE BYE REVENUE FROM ANY RETAIL SALES

On September 8, 2017, the Company’s retail distributor, WYNIT Distribution, LLC, filed for Chapter 11 bankruptcy protection in the Minnesota Bankruptcy Court (Bankruptcy Petition #17-42726). WYNIT serves a wide range of customers, including large national retailers such as Home Shopping Network, Office Depot/Max, Best Buy Canada, Staples and others as well as smaller independent resellers. Management estimates that the Company would have received approximately $72,000 in revenues through consignments and assets resulting from WYNIT distributions, primarily in the latest quarter. Management will file the appropriate forms, for the benefit of the Company, with the Minnesota Bankruptcy Court but recognizes that the Company is an unsecured creditor and may not receive any material amount of the anticipated revenues.



Management does anticipate revenues from other transactions currently in progress as well as recognizing that new retail sales will be forthcoming with the same or similar vendors once a new distributor is engaged (currently in the process of being retained). No assurances can be provided that such revenues will be realized or that there will be any recovery from WYNIT.

72,000 from combined retails sales from WYNIT, which includes HSN, staples, OFfice depot, best buy, Staples, and other retailers....

Guess we know what retail and HSN numbers are now, and that SFOR won't be getting that money this year, not that 72k would help sfor much anyway.
NOW SFOR is not being sold retail thru any WYNIT outlet until a new vendor is engaged.

WOW!