VerifyMe, Inc. announces an Equity Buyback for $0.5 million worth of its shares.
December 08, 2023 at 08:08 am EST
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VerifyMe, Inc. (NasdaqCM:VRME) announces a share repurchase program. Under the program, the company will repurchase up to $0.5 million worth of its shares. The repurchases will be funded from cash generated from operations.
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.
VERIFYME, INC. 
