Zerify Inc (ZRFY)

[Baffic]

It is a CYA statement. No tokens have been issued, but they had to have them created for the SEC to approve. It would be like trying to get a house inspected before the house is built. The bold statement below is for is the SEC did not approve it.

In December 2017, the Company formed a subsidiary, BlockSafe Technologies, Inc. (“BlockSafe”). BlockSafe is owned 49% by the Company and 31% by three executive officers of the Company, which combined represents an 80% controlling interest in BlockSafe. BlockSafe plans to focus on providing security solutions to protect blockchain and cryptocurrencies. Additionally, BlockSafe plans to create its own cryptocurrency tokens. During the six months ended June 30, 2018, BlockSafe received $665,500 from the issuance of unsecured notes payable (see Note 4). As of June 30, 2018, BlockSafe had no operating activities and no cryptocurrency tokens have been developed. There is no assurance as to whether, or at what amount, or on what terms, tokens will be available, if ever. Moreover, there can be no assurance how such technology will function, which could expose the Company to legal and regulatory issues. In addition, legal and regulatory developments could render the technology impermissible, which could have a material adverse effect on the Company.