Document Security Systems, Inc. Signs Technology Licensing Agreement With Midwest Banknote Company

ROCHESTER, N.Y., March 17, 2011 /PRNewswire/ -- Document Security Systems, Inc. (Amex: DMC) ("DSS"), a leader in counterfeit prevention technologies and manufactured printed products today announced that it has signed a licensing agreement with Buffalo, NY-based security printer Midwest Banknote Company.  Founded in 1956, Midwest Banknote Company is a wholly-owned subsidiary of Thomas Greg & Sons Ltd., one of the world's largest providers of security products and services for the banking, government and industrial commerce markets.

As part of the two-year agreement, Midwest Banknote has been granted a license to produce printed products such as certificates of origin (motor vehicle documents), vital statistical documents (birth, death, marriage records), stock certificates, coupons, passports, and other products mutually agreed to, for its government, educational and corporate clients containing DSS's AuthentiGuard® counterfeit prevention technologies.  

The agreement is non–exclusive for the U.S. market only and DSS revenue is captured on a "per unit-produced" basis.  In addition, Midwest Banknote Company will also provide DSS with supplemental security printing production capabilities.  

The AuthentiGuard® suite of technologies developed and patented by DSS represent the leading counterfeit prevention and print security and authentication technologies on the market today and are the most effective optical deterrent security technologies that work with current models of digital copiers, imaging systems and scanners.

Patrick White CEO of DSS, commented, "This agreement is a major channel building opportunity for DSS.  Midwest Banknote is a large provider of secure, vital records for multiple states in the U.S.  In addition to penetrating those markets, we now have a connection to substantial South and Central American security print opportunities as well as India, China and the Philippines through Midwest's parent company, Thomas Greg and Sons Ltd."

"We are excited to be partnering with DSS," said Kris Valenti, General Manager for Midwest Banknote Company.  "By integrating DSS's unique AuthentiGuard® suite of technologies with our superior intaglio and other security printing capabilities, we will be able to supply our customers with the most advanced and secure vital records available."

About Midwest Banknote Company

Founded in 1956, Midwest Banknote Company has dedicated over 50 years of printing expertise to the production of security documents designed to protect against counterfeit and fraudulent alteration.   Headquartered just outside Buffalo, NY,  Midwest Banknote Company specializes in incorporating the use of sophisticated paper and ink technologies to create secure documents for companies and government agencies throughout the United States and abroad. A leader in the use of engraved Intaglio printing, Midwest Banknote Company's expertise has contributed to the evolution of a standard for vital record paper specifications for health agencies in 26 states.  

For more information about Midwest Banknote Company, visit www.midwestbanknote.com.  Midwest Banknote Company is a wholly-owned subsidiary of Thomas Greg & Sons, Ltd. (www.thomasgreg.com).

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 3 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 its products and services can be found at www.documentsecurity.com, www.plasticprintingprofessionals.com, www.protectedpaper.com , www.dpirochester.com and www.premiercustompkg.com

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Cautionary Note Regarding Forward-Looking Statements

Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission at www.sec.gov for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.

SOURCE Document Security Systems, Inc.