Verifyme, Inc. · NASDAQ:VRME
Verifyme — Merger or Acquisition (April 2022)
12 slides from Verifyme's merger presentation, April 2022
Slide 1: PeriShip Acquisition Investor Call
www.VerifyMe.com Confidential Property of VerifyMe Protect your brand. Grow your business. PeriShip Acquisition Investor Call NASDAQ:VRME April 2022 NASDAQ:VRME
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS www.VerifyMe.com In addition to historical information, this presentation contains statements relating to the acquisition of PeriShip, LLC by VerifyMe, Inc. and integration of the two companies, anticipated synergies of the acquisition, revenue opportunities, anticipated r
Slide 3: Capital Raise
www.VerifyMe.com Capital Raise ➢ On April 14, 2022, VerifyMe raised $5M for M&A and working capital Confidential Property of VerifyMe ➢One Institutional Investor $4.7M ➢VerifyMe Board Members $0.3M NASDAQ:VRME 3
Slide 4: Terms of the PeriShip Deal
www.VerifyMe.com Terms of the PeriShip Deal Confidential Property of VerifyMe ➢ Transaction $ 10.5 million ➢ Consideration Paid ➢ Cash at Closing $ 7.5 million ➢ VerifyMe Stock $ 1 million ➢ Term Note payable over 18 months $ 2 million NASDAQ:VRME 4
Slide 5: PeriShip company overview
www.VerifyMe.com Founded in 2001 PeriShip Headquartered in Branford, Connecticut Approximately 45 employees Confidential Property of VerifyMe NASDAQ:VRME 5
Slide 6: PeriShip Customers
www.VerifyMe.com PeriShip Confidential Property of VerifyMe ➢ Approximately 400 Customers ➢ Strong Client Retention with over 80% of revenue from existing customers over past three years ➢ Accretive to Cashflow NASDAQ:VRME ➢ Accretive to EPS Source: IBISWorld Industry Report Couriers & Local Deliver
Slide 7: VerifyMe & PeriShip 2023 Forecast
www.VerifyMe.com VerifyMe & PeriShip 2023 Forecast Confidential Property of VerifyMe (without Synergies) Revenue in excess of $25 million Positive Adjusted EBITDA(1) NASDAQ:VRME (1)Adjusted EBITDA is a non-GAAP measure. The Company defines EBITDA as net income before income tax expense (benefit), in
Slide 8: Potential Synergies
www.VerifyMe.com Potential Synergies These potential synergies are not included in our 2023 financial estimates Confidential Property of VerifyMe ➢ New value add sales channel for the food and beverage, pharmaceutical and luxury markets for VerifyMe’s products and services to existing and newly acqu
Slide 9: Business Continuity
www.VerifyMe.com Business Continuity Confidential Property of VerifyMe ➢ Will continue to operate as a separate brand under the name PeriShip Global LLC ➢ Experienced leadership team each with over 20 years of experience ➢ Employment agreements with three key senior management professionals covering
Slide 10: Growth Strategy
www.VerifyMe.com Growth Strategy Confidential Property of VerifyMe ➢ We expect the transaction to accelerate our growth and increase shareholder value ➢ Cross selling VerifyMe technology with existing PeriShip clients ➢ New product development ➢ Other potential acquisitions NASDAQ:VRME 10
Slide 11: Q&A
www.VerifyMe.com Confidential Property of VerifyMe NASDAQ:VRME 11 Q&A
Slide 12: Protect your brand. Grow your business.
Protect your brand. Grow your business. US Headquarters 75 S Clinton Avenue Suite 510 Rochester NY 14604 +1 585 736 9400 info@verifyme.com 12