On April 17, 2018, VerifyMe, Inc. appointed Mr. Harvey Eisen to the company’s Board of Directors and Audit Committee. Mr. Eisen is currently Chairman of the Board of GP Strategies Corp. and has been a director since 2002. Eisen has been Chairman of the Board and CEO of Wright Investors’ Service Holdings, Inc. since June 2007 and a director since 2004. On April 16, 2018, the Company was informed that Mr. Claudio Ballard, a member of the Board since March 30, 2013, had passed away. Mr. Eisen’s appointment is unrelated to Mr. Ballard’s death.
VerifyMe, Inc. together with its subsidiaries, PeriShip Global, LLC (PeriShip Global) and Trust Codes Global Limited (Trust Codes Global), is a traceability and customer support services provider using specialized software and process technology. Its segments include Precision Logistics and Authentication. The Precision Logistics and Authentication segments provide specialized logistics for time-and-temperature sensitive products, as well as item level traceability, anti-diversion and anti-counterfeit protection, brand protection and enhancement technology solutions. The Precision Logistics segment specializes in predictive analytics for optimizing delivery of time and temperature- sensitive perishable products. The Precision Logistics segment includes bundled services, such as PeriTrack, Service Center, Pre-Transit Service, Post-Delivery, and Weather/Traffic Service. The Authentication segment specializes in traceability to connect brands with consumers through their products.