well you phone needs to have password lock on it to begin with really for ANY software to be useful. Otherwise they can open up the programs list, scan thru and just delete the any software immediately.
more on topic, to get rid of the notification open the app, then click notification, then uncheck ongoing notifications
You're assuming a VERY high level of proficiency for these hypothetical phone thieves.
Especially since the main goal of stealing the phone (assuming they didn't just find it and decide to keep it) is theft of service. They use the phone as much as possible, as expensively as possible until Verizon blacklists it. Then they'll try and unload it. The thief isn't planning on using the device long (if at all, they might be sell it to somebody else for the service), and will generally unload it to a fence to sell.
That said, yes you can turn off the notification message.