VerifyMe Inc. (VRME) Announces Retirement of Chairman Norman Gardner and Appoints Scott Greenberg as Chairman of the Board

VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), a provider of comprehensive brand protection and customer engagement solutions that combine ultra-secure product authentication, track and trace, and customized engagement strategies with industry-leading online retail monitoring capabilities, today announced the appointment of existing Board member Scott Greenberg becoming Chairman of the Board. Founder and Chairman Norman Gardner is retiring from the VerifyMe Board of Directors for health reasons, effective April 21, 2021.

Norman is the founder of the Company as well as the inventor of the Company's core anti-counterfeiting technology. He has served in various roles with the Company since inception in 1999 through 2013, including Chairman and Chief Executive Officer, and served as Chairman since 2017. Norman will become Chairman Emeritus and remain a consultant to the Company for a two-year period.

Scott Greenberg is currently Chairman of the Board at GP Strategies Corporation (GPX), a global workforce transformation provider of organizational and technical performance solutions. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting, and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, automotive, financial services, technology, aerospace, and defense industries, and other commercial and government customers. In addition to currently being Chairman, Mr. Greenberg served 15 years as the Chief Executive Officer of GP Strategies Corporation.

Patrick White, VerifyMe's President and Chief Executive Officer, commented, "I would personally like to thank Norman for his unwavering friendship and commitment to VerifyMe. We would not be where we are today without Norman's leadership and guidance. I look forward to working more closely with Scott, as he has been a valuable asset on our Board since his appointment in late-2019."

Howard Goldberg, VerifyMe's lead independent Director, stated, "Norman's contributions to VerifyMe have been significant and meaningful. His extensive knowledge of anti-counterfeiting and brand protection markets have helped guide our business and strategy. We relied on Norman's deep financial and capital markets expertise and have valued his leadership and insights in shaping and building VerifyMe's leadership team. I am thankful for Norman's service to VerifyMe and wish Norman and his family all the best following his retirement."

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