Document Security Systems, Inc. Awarded $2.7 Million Packaging Order From Walgreens Co.
ROCHESTER, N.Y., Aug. 9 /PRNewswire-FirstCall/ -- Document Security Systems, Inc. (NYSE Amex: DMC; "DSS"), a world-wide developer and manufacturer of security and authentication solutions which prevent counterfeiting and brand fraud announced today that it has been awarded an annual packaging order contract order from Walgreens (NYSE, Nasdaq: WAG) worth approximately $2.7 million through July 2011, with additional opportunities for non-contract work. The order represents a renewal of an ongoing relationship between Document Security Systems' packaging subsidiary, Premier Packaging, and Walgreens.
DSS Chief Operating Officer, Robert Bzdick stated, "We value our continuing relationship with Walgreens and we are very pleased to once again be chosen for their packaging needs. Despite significant competitive pressures for this order, our ability to deliver outstanding quality and service at extremely competitive pricing was the key for Premier in winning this order."
About Document Security Systems, Inc.
Document Security Systems is a world leader in the development of optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The company's patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID Cards, internet commerce, passports and gift certificates. Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets.
More information about Document Security Systems, Inc. and their wholly-owned subsidiaries can be found by visiting:
Document Security Systems, Inc.: http://www.documentsecurity.com
Plastic Printing Professional, Inc.: http://www.plasticprintingprofessionals.com/
Protected Paper: http://www.protectedpaper.com
DPI of Rochester: http://www.dpirochester.com
Premier Custom Packaging: www.premiercustompkg.com
Safe Harbor Statement
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding expectations for future financial performance, potential sales from new and existing customers, expected benefits from the Company's cost cutting efforts, the potential sale of Legalstore.com, and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions all of which involve uncertainty and risk. Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at www.sec.gov. It is possible the company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, the risks referred to above, and changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.
For more information, contact: |
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Document Security Systems, Inc. |
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Investor Relations |
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Contact: Jody Janson |
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Tel: (585) 232-5440 |
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Email: [email protected] |
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Media Relations |
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Contact: Gil Nielsen |
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Synapse PR |
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Tel: (908) 859-0675 |
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SOURCE Document Security Systems, Inc.
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