VerifyMe sells Trust Codes Global for NZD $1 to former EVP Paul Ryan

VerifyMe, Inc.

Sold 100% of subsidiary Trust Codes Global Limited for aggregate cash consideration of approximately NZD $1.
Buyer Paul Ryan, former EVP Authentication Segment, assumed all continuing obligations and liabilities of TCGL.
Pro forma FY2023 net loss improves from -$3.39M to -$2.56M after removing TCGL's $314K revenue and expenses.
Pro forma nine-month 2024 net loss improves from -$3.32M to -$1.54M after removing TCGL's $241K revenue.

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