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Guard ID Systems Reports Over 200 Percent Quarter-Over-Quarter Growth
Apr 03, 2008 (08:04 AM EDT)
SAN MATEO, Calif., April 3, 2008 /PRNewswire/ -- Guard ID Systems, Inc., the pioneer of hardware-based security for consumer online transactions, today announced that unit sales to end users for the first quarter ended March 31, 2008 grew 206 percent, with the company reporting that three times as many units of ID Vault were purchased by consumers in the quarter versus the same period last year.
"I'm very pleased that our pioneering online security product, ID Vault, is resonating in the marketplace, as demonstrated by our significant growth," said Jerry Thompson, CEO of Guard ID Systems, Inc. "Millions of consumers are conducting financial transactions online, and they are beginning to understand that security software alone doesn't offer the protection needed to defeat today's sophisticated cyber crimes. ID Vault has now been embraced by more than 125,000 online consumers who want the kind of protection against online identity theft and fraud that only a secure hardware solution can provide."
In addition to the first quarter results, the company also reported that unit sales to end users in the fourth quarter of 2007, ended December 31, 2007, increased 122 percent over the same period in 2006.
About Guard ID Systems
Guard ID Systems, Inc., headquartered in San Mateo, CA, develops and markets ID Vault, the first hardware-based security product that protects consumers against online identity theft and fraud when they bank, shop and invest online. ID Vault has a suggested retail price of $49.99, and is available at major retailers nationwide including Best Buy, Fry's Electronics, OfficeMax, QVC, Sam's Club, Amazon.com and others. ID Vault is backed by a $1 million guarantee. Visit http://www.GuardID.com for more information.
ID Vault is a trademark of Guard ID Systems, Inc. All other trademarks are the property of their respective owners.
CONTACT: Greg Marek, Vice President of Marketing of Guard ID Systems, email@example.comInc., +1-650-286-9440,
Web site: http://www.GuardID.com/