Document Security Systems, Inc. Receives New Client Printing & Packaging Order Expected to Exceed $600,000
Opportunity with new e-commerce client could exceed $1.0 million annually
ROCHESTER, N.Y., May 6 /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 received initial printing and packaging orders from a large e-commerce client. Annual sales of the packaging line are expected to exceed $600,000 with production commencing the week of May 10th, 2010. Additional packaging opportunities with this client are in the redesign phase which, when completed, could be valued at over $1.0 million annually. For competitive reasons, both parties have agreed to keep specific details of the client, products and agreement confidential.
New Chief Operating Officer, Robert Bzdick said, "It's only been eleven weeks since DSS acquired Premier Packaging and we are already getting some nice 'wins' under our belt. Having DSS's technology in our portfolio has resulted in several presentations with potential customers that are considering incorporating the AuthentiGuard™ technologies into their packaging. In addition, we continue to have a stream of new national sales leads which we are aggressively pursuing."
About Document Security Systems, Inc.
Document Security Systems is a technology company in the security and protection services sector which develops and manufactures products and packaging containing patented and patent pending 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 owns over 30 different patented and patent-pending technologies and products which protect valuable documents and printed products from counterfeiters and identity thieves. The company has three manufacturing facilities which produce secure printing, packaging and plastic ID cards. 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, Smart Cards internet commerce, passports, gift certificates and packaging. 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
This release contains forward-looking statements regarding expectations for future financial performance, which involve uncertainty and risk. It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, 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 information contact: |
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Contact: Jody Janson |
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SOURCE Document Security Systems, Inc.
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