Zerify Inc (ZRFY)

[pope125]

BUZZ-

ref aol believe this is a fit for them, they need a product to induce new clients,as Time Warner didn't work out.

Kay was the speaker.

Conference call- 2012 guidance rev $1.2 mio this is only closed contracts, any newly closed contracts would increase rev,mentioned White Sky and ID Vault as partners,GID sales are 4 mio mostly bundled and Protect ID 12 mio mostly fin,pending deals are in healthcare,fin and tech.Working on several deals now expect to close a few.
They will defend patent and are working with BLANK ROME of Washington DC.
The challange to the patent was re-examined and the patents are ok.
PR company to named shortly.
Cash flow positive by 3rd or 4th quarter.
Equity facility 6mio,3 years-this is a insurance back up, not a death spiral financing, terms of the deal have pricing terms with bid price floor.

PS- Buzz, sorry didn't have time yesterday had family busines in Florida.