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Last $0.13 USD
Change Today 0.00 / 0.00%
Volume 0.0
VRTC On Other Exchanges
As of 8:10 PM 09/29/15 All times are local (Market data is delayed by at least 15 minutes).

veritec inc (VRTC) Snapshot

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52 Week High
03/5/15 - $0.30
52 Week Low
07/29/15 - $0.05
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veritec inc (VRTC) Details

Veritec, Inc. primarily engages in the development, marketing, sale, and licensing of products; and rendering professional services related to proprietary two-dimensional matrix symbology and mobile banking solutions fields. The company’s principal product includes VeriCode, a product identification system for identification and tracking of manufactured parts, components, and products. Its products also comprise VSCode, a data storage container that is used for securing identification documents, financial cards, medical records, and other security applications; PhoneCodes product platform, which enables individuals and companies to receive or distribute gift certificates, tickets, coupons, receipts, or engage in banking transactions using the VeriCode technology through wireless phone or PDA; VeriSuite card enrollment system that facilitates governments and businesses to provide cardholders with an identity card containing VSCode barcode technology, as well as offers secure Bio-ID cards, such as citizen identification, employee, health benefit, border control, and financial cards. In addition, the company provides Mobile Toggle Card mobile banking software platform, a debit based, pre-paid and gift card solution that is licensed to debit card issuers and sponsoring organizations. Further, the company enables card issuers and sponsors to issue debit, pre-paid, and gift cards under their own branded programs through licensed use of the mobile banking platform and related professional services; and offers back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. It primarily serves customers in the liquid crystal display manufacturing industry in the United States, Japan, Korea, Taiwan, China, and Germany. Veritec, Inc. was founded in 1982 and is headquartered in Golden Valley, Minnesota.

3 Employees
Last Reported Date: 10/20/14
Founded in 1982

veritec inc (VRTC) Top Compensated Officers

Executive Chairwoman, Chief Executive officer...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

veritec inc (VRTC) Key Developments

Veritec Inc. Adds Bart Siegel to the Board of Advisories

Veritec Inc. added Bart Siegel to the Board of Advisories. Mr. Siegel will fulfill the roll of Executive Advisory to Veritecrsquo Chairman/CEO and to the Board of Directors. As an advisor Mr. Siegel brings to the company his expertise to help grow and capture market share and to ensure financial rewards for the Company. He will immediately introduce the organization to capital companies that can fund and support the growth opportunities both in acquisitions and contracts.

Veritec, Inc. Auditor Raises 'Going Concern' Doubt

Veritec, Inc. filed its 10-K on Oct 20, 2014 for the period ending Jun 30, 2014. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Veritec, Inc. Announces Board Changes

On October 10, 2014, Veritec, Inc. name Joseph Valandra as the new member of the board of directors of the company, effective immediately. Sandra Hartfield resigned as the board member effectively immediately.


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