VerifyMe, Inc.

everyone and welcome to the verify me first quarter 2023 financial results conference call all participants will be in a listen-only mode should you need assistance please signal a conference specialist by pressing star then zero after today's presentation there will be an opportunity to ask questions to ask a question you may press star then one on a touchstone phone to withdraw your question please press star then two please note this event is being recorded I would now like to turn the conference over to Nancy Mears. Please go ahead.

Good morning, everyone, and thank you for joining us today for our earnings call presentation. On the call today, we have Scott Greenberg, Interim CEO and Executive Chairman, Keith Goldstein, President and Chief Operating Officer, Margaret Azourlis, CFO, and Kurt Cole, Executive Vice President, Sales and Global Strategy, to give an update on our first quarter 2023 results. Following our management presentation, we will have a Q&A session. I would like to bring your attention to the note on forward-looking statements on slide three. Today's presentation and the answers to questions include forward-looking statements. It should be understood that actual results could differ materially from those projected due to a number of factors, including those described under the forward-looking statement caption and on the risk factors of the company's annual report on Form 10-K and quarterly reports on Form 10-Q. I will now turn the call over to Scott Greenberg for some opening remarks.

Thank you, Nancy. I'd like to welcome you to our first quarter of 2023 earnings call. We will provide a business and financial update and then have a Q&A session. Through our internal investments and acquisition of Pariship and Trustcode, we believe that Verify.me is developing a unique platform. Our goal is to increase market share and revenue with both a complete solution and an increased sales and marketing effort from the past. The first quarter of 2023 results and the pursuit of new opportunities continues to lead us to our positive future outlook. I believe the presentations today will demonstrate that the company has crossed a bridge from a technology startup to an operating company. Based upon our latest projections, the company continues to target a positive adjusted EBITDA for 2023 and revenue growth of approximately 40%, both through the acquisitions and organic growth. Our 2023 goal is continue to integrate and focus on the technologies that we purchased. Next slide, please, Nancy. Just a little bit about the financials and equity snapshot. Our stock price on May 4th was $1.86, and our shares outstanding is $9.4 million, which gives up a market cap as approximately $17.5 million. Our cash balance as of March 31, 2003, was approximately $3.1 million. Our total debt was approximately $2.3 million as of March 31, 2003, and we do have an additional $500K available under our line of credit with PNC Bank. In the first quarter, we had a substantial increase of revenue. Our revenue went from $200,000 to $5.7 million, and our inside beneficial ownership is approximately 16%. With that being said, I'd now like to turn over the call to Keith Goldstein.