Veritec Inc (PK) (VRTC) News

Nobody knows what a piece of crab this has been...

This piece of crap reminds me of Deer hypnotized by headlights on a car.

This is going nowhere...

$VRTC never opened up today....

Any idea as to when they will announce the big news about the patent and a major credit card company who wants to purchase this technology from them?

Will they just purchase $VRTC outright and get all the patents?

$VRTC a takeover target? Yes very likely.

Patents in the banking field could collect millions in revenue. A large corporation who needs to utilize patented technology would likely be financially ahead by absorbing Veritec's Assets as opposed to paying licensing fees.

This is the way of the world.

Veritec is primarily engaged in the development, sales, and licensing of products and providing services related to its mobile banking solutions.

As a Cardholder Independent Sales Organization, Veritec is able to promote and sell Visa-branded card programs. As a Third-Party Servicer, Veritec provides back-end cardholder transaction processing services for Visa-branded card programs on behalf of its sponsoring bank. Veritec has a portfolio of five United States and eight foreign patents. In addition, we have seven U.S. and twenty-eight foreign pending patent applications

$VRTC right now is positioned perfectly for a corporate buyout by larger entities seeking to acquire the patents held be Veritec, Inc.

Amazon is one of the companies that utilizes tech that is strikingly similar to Veritec's. Absorbing this company would be an easy way to acquire the rights to the tech without having to deal with possible lawsuits.

$VRTC with it's timy float would have a monster run if buyout rumors have validity.

jmo (but it is right)

Float is less than 28M with under 40M OS.
https://www.otcmarkets.com/stock/VRTC/security

What's going on with the .0002 MM playing games with this ticker?

$VRTC is in desperate need of corporate guidance to the shareholder base. The lack of transparency scares away any new investors.

VRTC Security Details

Share Structure:

Market Cap...........$1,589,520 12/10/2020
Authorized Shares....150,000,000 11/30/2020
Outstanding Shares...39,738,007 11/30/2020
Restricted...........12,049,992 11/30/2020
Unrestricted.........27,688,015 11/30/2020
Held at DTC..........4,419,621 11/30/2020
Float................2,800,000

You still in $VRTC? Interesting trades today..

VRTC~~Results of Operations – Three months Ended September 30, 2017 compared to September 30, 2016



We had a net income of $289,335 during the three months ended September 30, 2017 compared to net income of $142,758 during the three months ended September 30, 2016.

VRTC~~During the three months ended September 30, 2017, the Company had one customer, a related party, that represented 72% of our revenues and one customer that represented 11% of our revenues. During the three months ended September 30, 2016, the Company had one customer, a related party that represented 33% of our revenues and three other customers that represented an aggregate of 45% (19%, 15% and 11%) of our revenue.

VRTC~~WEBSITE~~https://www.veritecinc.com/

VRTC~~FLOAT 9.6M, O/S 39.5M, A/S 50M

VRTC .18, lol, gotta love it, been making money here last couple yrs, nice stock......But Wrinks be grabbing profits on this climb like usual....Buy low, sell high.....no falling in love.....

Thanks. MM for you as well

VRTC big volume today...

Hello all im here

I love VRTC! $$$

Golden pick!

Yup, still on my radar, should be a goodie at some point down the road.

Still watching this puppy...

Still watching VRTC closely...

News for 'VRTC' - (Veritec Rolls Out Blinx On-Off(TM) Smart Toggle Debit Card(TM))


GOLDEN VALLEY, Minn., March 6, 2012 /PRNewswire via COMTEX/ -- Veritec, Inc.
(OTC -VRTC) and its wholly owned subsidiary Veritec Financial Services (VTFS)
today announced the roll out of their Blinx On-Off(TM) Smart Toggle Debit Card.
The Veritec Blinx On-Off(TM) Toggle Card uses web-based mobile technology to
offer financial cardholders the very best technology in conducting secure
financial transactions in real time, protecting personal identity, and financial
account security.

Veritec's new Smart Toggle Card(TM) financial card has multiple features that
will greatly benefit card holders. The card can easily be toggled on and off by
using a mobile phone or the web. Card holders can receive instant notification
of card activities and transfers of funds in real time, within the Veritec
system. Veritec's debit card system produces an instant issue non-personalized
re-loadable debit card and personalized re-loadable and subordinate family
cards. All financial transactions conducted in real time are just a few of the
many beneficial features found in the new Veritec's Blinx On-Off(TM) Smart
Toggle Card.

Veritec's technology includes a Proprietary Secure Financial Card Processing
Software Platform and is the approved Third Party Processor of debit cards for
banks and Visa. Veritec is also an Independent Sales Organization (ISO) to
market Visa Branded Debit cards.

Veritec is the patent holder for proprietary two-dimensional Matrix Symbology,
VeriCode® and VSCode®. The Codes assist in the secure identification of people
and products. The combination of a financial debit card and a secure
identification card make Veritec's Multi-Purpose Cards unique in its field.

Van Thuy Tran, Executive Chair of Veritec states "We are all proud at Veritec to
have achieved this milestone in the financial card market. Veritec continues to
aggressively build our Company surrounded by innovative, patented technologies
and card processing systems that will be the corner stone of secure
identification and financial transactions while reducing complexity and costs."

Further details about Veritec's technologies and its multiple applications can
be found on Veritec, Inc.'s website at www.veritecinc.com; www.vtfs.com;
www.blinxcard.com

ABOUT VERITEC, INC.

Founded in 1982, Veritec offers a patented line of encoding and decoding
software products that utilize the 2-D Matrix Symbology(TM), which allows users
to create, apply, store, or transmit unique identifiers directly on the products
or to an electronic device in the form of a coded matrix symbol, which enables
automated manufacturing control, as well as identification, tracking, and
collection of data via cameras, mobile phones, readers and scanners. The
collected data can then be stored in the 2-D barcode available for
contemporaneous verification or other user-definable purposes. Veritec's 2-D
Matrix Symbologies, the VeriCode® and VSCodes®, with its incredible robustness,
security features, and large data storage capacity, have proven to be the
technology of choice for products tracking, identification, and verification in
many automated industries. Veritec technologies are also appli cable in the
Secure Bio-ID Cards to provide positive identification via biometric markers
such as fingerprints, or pictures. Veritec's licensed software products have
recently been introduced to the banking industries via Stored-Value Debit Cards.
In the mobile phone industry, Veritec has patented the "PhoneCodes(TM)" products
that allow an individual using the Internet or mobile phones to purchase, send,
or receive a gift certificate, ticket, coupon, receipt or transfer money.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

This news release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These statements are based upon our current expectations and speak only as
of the date hereof. Our actual results may differ materially and adversely from
those expressed in any forward-looking statements as a result of various factors
and uncertainties affecting technology companies, our ability to successfully
develop products, rapid technological change in our markets, changes in demand
for our future products, legislative, regulatory and competitive developments
and general economic conditions. Our SEC filings discuss some of the important
risk factors that may affect our business, results of operations and financial
condition. We undertake no obligation to revise or update publicly any
forward-looking statements for any reason unless otherwise required to do so by
SEC Regulations.

Contact:Van Tran (CEO) 763-253-2670 (office)612-991-7928
(cell)vtran@veritecinc.com

SOURCE Veritec, Inc.



www.prnewswire.com


Copyright (C) 2012 PR Newswire. All rights reserved

-0-




KEYWORD: Minnesota

INDUSTRY KEYWORD: FIN

; CPR

HTS

NET

STW

ITE

ECM

OTC

SUBJECT CODE: PDT

OTC

Nothing happening here, but wouldn't mind having some at .06 cents to tuck away and maybe, just MAYBE this gets pushed again to .50 plus during 2012? I like the patents this company owns, they have a lot to like, but dead quiet stock right now. But at .06, I think it is a no brainer, if someone doesn't mind sitting on them for a while, jmo. Could be a 10 bagger minimum coming in 2012??? Risky yes, but buying on the cheap down here.

I saw .08 x .15 late yesterday.

Been watching VRTC for weeks now for it to come back down in slow motion so I can buy. Maybe I'm in next week, maybe next year, but this is a nice little stock.

Agreed Trusting, cause there is much to like about Veritec in my opinion.

There are some positives about the company but with no interest...it doesn't matter. They need a real promo team to create some volume and get it on some radars. IMO

I received at least 5 emails from a few diff companies on this one the past couple months. It was down around .05 in all fairness, now around a quarter or whatever. But just no volume then or now to speak of, so no clue what happens going forward.

Level two on ETrade Pro does not work for this stock, that happens once in a blue moon, no clue why on this particular stock.

If there is a promo going...it must be a secret to the market. Never say never...but I tend to look at L2 for reality and that tells me all I need to know here.

Funny, I sure don't know. Never seen so many posts at IHUB pumping and zero buying, or next to it. I'd expect this to drift lower, could be wrong, time will tell if this can get a real substantial promo going or not.

Wonder when those possible rumors will be coming out?! You can tell by all of the interest it could be at any second!

Thanks! You are right about the hot air. Let's see what actually happens.

If this stock should ever come back down to .05 range again, I'll load a sizable amount and sit on it for a yr or two. I think this company could have a VERY bright future, remains to be seen. Lot of posts here, to much hot air and no follow through in buying as of yet, but rooting for you guys to do well.

Sssh. VRTC has a 15 million o/s and 4 million float and is ready to move higher. The only thing holding investors off is the high price, but they don't realize the market cap is only around 5 million....

Oh you mean the possible rumors about the news that could possibly come?
I heard from a possibly reliable source that the news that could possibly come has a chance of possibly being good news. That possible goods news could possibly increase the PPS.

Could possibly just be a rumor thou.

I am hearing news rumours here :)

Why? Why is this going to be a mover?

.25x.35 a lot thinner here now just 5k on bid and 5k on ask!

VRTC gonna be a mover tomorrow IMO! Back around all day people!!!!

Very slow day but I expect some serious action tomorrow :)

Quiet day, but hearing rumor of news soon as well, holding tight here.

-Go VRTC!

Guys been really busy today!! Sorry will check back in later!

I am hearing the same thing, with news this could explode!!

back to a full week again :)

Given I have shares of this stock, I can hope you are right about the "rumor", however, given the recent infusion of major pumping (always brings doubt in my view)...I will proceed with great caution.

Good luck to us all!

:)

Gonna see some nice news here this week is the RUMOUR~

Whatever! VRTC Is a great company IMO and will see big gains :)

must LMFAO at iBOX here: "Does she look like shes in the penny stock market to scam us?? No...IMO. Read her bio on the website."

WTF???? Since when do looks determine integrity? lol