StrikeForce Technologies has reported of the sound condition of the company in its latest quarterly report. In a Press Release, the company has given an insight into the financial standing of the concern and its overall business environment.

StrikeForce Technologies has reported that despite the precarious situation of many other companies, its own business climate is very satisfying and promising. The company has reported of a positive growth in the demand for its products and increasing sales.

The company that deals with cyber crimes is gaining from the heightened consumer awareness about the significance of cyber security products. Cyber crime is considered the 3^rd gravest challenge to USA’s economy after nuclear attacks and weapons of mass destruction.

The company has stated that its management is convinced of the growing needs of its patented products by the masses, internet users and business enterprises. Increment in cyber security awareness has also led to the implementation of tighter security rules, guidelines and regulations viz. HIPPA and FFIEC. These factors have contributed to a jump in the sales of the patented products of StrikeForce Technologies.

Revenue and Balance Sheet: The company has also assured of a sound revenue and is, reportedly, working towards the restructuring of its balance sheet. The company plans to work with secured investors, financial partners and advisers to realise its objective of addressing old debts and freeing up future cash.

New Product: The company has also stated that along with manufacturing its existing products, it is also putting an effort on Research & Development to look for newer and technically superior products like mobile security and Mac. It is targeting the 1^st quarter of 2012 to come out with a Mac OS version of GuardedID.