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authID® Introduces New DirectorsRecognized leaders in digital transformation, innovation and revenue growth join Board of Directors. DENVER, March 10, 2023 (GLOBE NEWSWIRE) -- authID [Nasdaq: AUID], a leading provider of secure identity authentication solutions, today introduced four new non-executive Directors to Company shareholders and stakeholders. The new appointments reinforce the Board’s leadership and revenue growth experience as the Company works to expand its business pipeline of innovative identity services to additional enterprise customers across fintech, healthcare, technology, and other market segments. Joining current non-executive Directors Michael Koehneman, Joe Trelin and Jacqueline White, the new Directors are:
Statements by the new Directors: “authID is at the forefront of a rapid evolution in identity assurance and security, one that must balance uncompromised cyber security with an easy user experience,” Rhon Daguro said. “I am confident that the Board can provide the vision and direction that will allow the Company to grow its revenue and business pipeline of innovative identity services.” Ken Jisser added, “I have been an investor in and worked with authID for some time and believe that the Company has tremendous potential for delivering innovative identity solutions. I am excited to work more closely with the authID Board and leadership team to help execute our strategic plan.” “authID’s adaptive authentication platform makes it well positioned to capitalize on the need to replace vulnerable passwords with secure authentication that stems the rise in cybersecurity attacks that exploit human vulnerabilities,” said Thomas Szoke. “I am enthusiastic about the continued opportunity to help the Company extend its footprint across the fintech, healthcare and tech markets.” “I see strong opportunity for authID’s patented platform to deliver innovation in identity authentication for a range of market segments,” Mike Thompson said. “I look forward to contributing to the Company’s successful execution of its mission to stop digital fraud.” Additional background on the Company’s new Directors: Rhon Daguro Ken Jisser Thomas R. Szoke Michael Thompson About authID Inc. authID Media Contact Forward-Looking Statements This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein, including, without limitation, those regarding the future results of operations, cash flow, cash position and financial position, business strategy, plans and objectives of management for future operations of both authID Inc. and its business partners, are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding authID’s present and future business strategies, and the environment in which authID expects to operate in the future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the Company’s ability to successfully implement its cost-saving initiatives; the Company’s ability to realize the anticipated benefits of changes to its operations; the terms that its lender may require for any drawdowns under the Facility Agreement; the Company’s ability to attract and retain customers; the Company’s ability to compete effectively; changes in laws, regulations and practices; changes in domestic and international economic and political conditions, the as yet uncertain impact of the war in Ukraine, the Covid-19 pandemic, inflationary pressures, rising energy prices, increases in interest rates, and others. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2021 filed at www.sec.gov and other documents filed with the SEC for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based. ![]() |