Document Security Systems, Inc. (AMEX: DMC) ("DSS"), the leader in
proven, patented optical deterrent technologies and products that
protect against counterfeiting and brand fraud due to unauthorized
copying, scanning and photo imaging, today announced expansion into
Europe with the opening of its first international office, DSS
Germany. Located near Stuttgart, a major economic and technology hub
in Germany, the office will provide the opportunity to further address
the growing interest in DSS's patented technologies globally with a
specific focus the financial community.
"Because we have seen global interest for our patented
technologies significantly increase over the past 12 months, we plan
to open a number of offices worldwide. And with our recent
patent-validity win in Germany, it was an easy decision for DSS to
open its first international office in Germany," explained Peter
Ettinger, President of Document Security Systems. "DSS Germany will
allow us to accommodate the growing print security demand by providing
solutions to the growing worldwide concerns for counterfeiting and
brand fraud. We will initially be targeting the financial and banking
sectors in Germany, and eventually expand our focus to include
pharmaceutical and healthcare, automotive and aerospace manufacturers,
academic institutions, and government markets."
The office in Germany will include 2 experienced German security
print technology sales representatives responsible for identifying and
securing prospects for the licensing and usage of DSS' suite of
patented technologies as well as establishing future opportunities for
DSS throughout Europe.
"The DSS technology product suite represents the foundation for
all anti-counterfeiting and brand protection initiatives as we secure
the basic paper and plastic elements on which additional security
technologies can be layered. This is particularly relevant to a host
of security integrators that exist in Germany, where the DSS
technology can tremendously enhance current technology initiatives,"
said Ettinger.
In March 2007, the German Federal Patent Court
(Bundespatentgericht) delivered a favorable verdict in the company's
patent validity suit with the European Central Bank. That verdict,
along with an increased demand for DSS products from a variety of
European integrators and end users globally, were significant factors
in our decision to open an office in Germany.
About Document Security Systems, Inc.
A rapidly growing security technology company, 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 can be found at its
websites: www.documentsecurity.com and
www.plasticprintingprofessionals.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.