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Verify Smart Corporation Signs Letter of Intent to Acquire Equity Stake and Exclusive International Reseller Rights in Med-Con Technologies, LLC

FERNLEY, Nev. -- Verify Smart Corporation (OTC:VSMR / OTCMKTS:VSMR) a Global innovator in financial fraud prevention and digital distribution solutions announced today that it has signed a Letter of Intent to acquire an equity stake and exclusive international reseller rights in Med-Con Technologies, LLC for cash and stock.

Med-Con Technologies provides a patented solution (MedSked(TM)) for improved medication adherence. MedSked(TM) gives patients the ability to more effectively self-manage and keep track of their daily medication dosing. Med-Con's solutions are effectively assisting patients in over thirty two countries, and twenty four languages.

Med-Con has also developed MedCon Mobile Smart Label(TM) which is a mobile based patient adherence solution for the Pharmaceutical industry and is currently being tested by a major Pharmaceutical company with other pilots scheduled. The cloud based SaaS software manages the patient's medication dosing schedule via a mobile device while sending vital adherence data to the Pharmaceutical clinical trial teams for analysis via the MedCon Central(TM) data portal. Verify Smart and Med-Con believe this product is groundbreaking and a huge first to market play in the Pharmaceutical space.

Pharmaceutical Manufacturing Magazine said "Medication Adherence is arguably the largest problem in healthcare, it is estimated that medication non-adherence causes 30 - 50 percent of treatment failures and 125,000 deaths annually. The direct cost to healthcare is estimated as high as $289 billion annually. Pharmaceutical companies are motivated to increase adherence because higher compliance equates to better treatment effectiveness and overall better patient health...and of course, higher drug sales."

Tony Cinotti, President of Verify Smart said "Verify Smart will work closely with Med-Con Technologies to establish Verify Smart as the exclusive international reseller of MedSked and MedCon Mobile Smart Label for pharmaceutical companies, pharmacy chains and specialty pharmacy markets.

"Verify Smart will also, in parallel, build an additional adherence solution specifically for Retail Pharmacies. This will greatly increase Med-Con sales worldwide. Pharmacy customers taking prescription medications can now have the same benefits as Med-Con's corporate adherence solutions."

Anthony Londino, President of Med-Con Technologies commented "We are excited about working with Verify Smart to develop new products and broaden our reach into new markets and opportunities. Verify Smart's sales and marketing expertise, IT partners and extensive contacts in the retail pharmacy space will provide Med-Con with the additional resources to become the world leader in medication adherence and remote patient monitoring data."

About Verify Smart Corporation:
Verify Smart Corp is an international technology company that develops and markets innovative solutions for the global digital market. The company also licenses patented technology for the prevention of debit/credit card and electronic transaction fraud. The company is expanding into the growing digital and mobile sector and will market innovative solutions for pharmaceutical companies, consumer brands, educational institutions and the sports and entertainment industries.

Contact Info:
Verify Smart Corporation
Info@verifysmartcorp.com
775-575-5897
http://www.verifysmartcorp.com/

About Med-Con Technologies:
Med-Con Technologies LLC is a global provider of medication adherence solutions and services to the pharmaceutical market. Med-Con Technologies LLC has been helping some of the world's most prominent pharmaceutical companies to provide medication adherence support to their clinical trial and commercial patients. The company is expanding into the growing digital and mobile sector and has recently launched its MedSked Mobile Smart Label platform, a novel and innovative patient compliance solution.

Contact Info:
Med-Con Technologies LLC
http://www.medsked.com/
1-888-654-0856 ext. 125

REF: OTCMKTS:VSMR / OTC:VSMR / OTCBB:VSMR

This news story was published by the Neotrope® News Network - all rights reserved.

Business, e-Commerce, Free News Articles

Verify Smart Corporation Signs Letter of Intent to Acquire the Assets of Enabledware, LLC

FERNLEY, Nev. -- Verify Smart Corporation (OTCBB: VSMR / OTC:VSMR) a Global innovator in financial fraud prevention and digital content distribution, announced today that it has signed a Letter of Intent to acquire the assets of Enabledware, LLC for cash and stock. Enabledware is a global leader in digital signage with offices in the U.S. and U.K.

Its "Venue" digital signage software platform is an all in one integrated IPTV, Digital Signage and Broadcast content management system. This web-based solution brings together digital content from practically any source allowing users to upload any format and play content instantly to any number of end points and on nearly any size screen. "Venue" is unique in the wide variety of content formats that it can accept, convert, combine and deliver.

Enabledware's proven track record includes such clients as Dimension Data, the Qatar Foundation, United Nations, NBA, Royal and Ancient, and Professional Soccer stadiums in France and the U.K. "Venue" integrates with many other companies and systems such as Cisco Systems, Extertiy, Brightsign and Samsung to name a few.

Gross revenue to the company through this acquisition is estimated at 15 Million over the next three years. Projected revenue for 2017 is over one million dollars.

Tony Cinotti, President of Verify Smart stated "We are pleased to report this significant milestone to the market and our shareholders. This acquisition will be the basis to accomplish Verify's goal to create a global digital community. Beginning with a revenue stream is both positive and exciting for an emerging company. We will greatly expand and compliment the 'Venue' platform with additional acquisitions, technology and revenue centers at the same time completing a new website, updating our financials and raising additional capital."

Sean Tabatabai, CEO of Enabledware said, "We are excited about working with Tony and his team to broaden our reach into new markets and opportunities. Our combined resources will provide best of breed technology with innovative security and offer the best pricing options for our customers."

ABOUT VERIFY SMART CORPORATION:

Verify Smart Corp is an international technology company that develops and markets innovative solutions for the global digital market. The company also licenses patented technology for the prevention of debit/credit card and electronic transaction fraud. The company is expanding into the growing digital and technical sector and will market innovative digital solutions for Consumer Brands, Educational Institutions and the Sports and Entertainment industries. More information: http://www.verifysmartcorp.com/.

Contact Info:
Verify Smart Corporation
Info@verifysmartcorp.com
775-575-5897

Enabledware, LLC
www.enabledware.com

DISCLAIMER: The above may contain “forward-looking statements,” as defined in the United States Securities Act 1933 and the Securities Exchange Act 1934 which include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the acquisition of new products and/or companies and any revenue that the Company may be able to generate from such acquisitions.

REF: OTCMKTS:VSMR / OTC:VSMR / OTCBB:VSMR

This news story was published by the Neotrope® News Network - all rights reserved.