Document Security Systems Expands Premier Partnership with P.T. Sekur Grafika to Include Malaysia, Singapore, and Indonesia.P.T. Sekur Grafika launches effort with initial Payments Against Orders ROCHESTER, N.Y. -- Document Security Systems, Inc. (AMEX AMEX See: American Stock Exchange : DMC DMC Devil May Cry (video game) DMC Detroit Medical Center DMC Darryl McDaniels (rapper) DMC Destination Management Company DMC Del Mar College (Corpus Christi, TX) ) ("DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S "), a leader in proven, patented optical deterrent de·ter·rent adj. Tending to deter: deterrent weapons. n. 1. Something that deters: a deterrent to theft. 2. technologies and products that protect against counterfeiting counterfeiting, manufacturing spurious coins, paper money, or evidences of governmental obligation (e.g., bonds) in the semblance of the true. There must be sufficient resemblance to the genuine article to deceive a person using ordinary caution. and brand fraud due to unauthorized copying, scanning and photo imaging, today announced that it has expanded its agreement with Indonesian-based P.T. Sekur Grafika (SG) to market its products throughout Malaysia, Singapore, and Indonesia. The Company announced its initial agreement with SG in November 2006. The three-year agreement includes a minimum purchase of $500,000 per year, and will be initiated with a $500,000 advance against orders to be paid in the second and third quarters of 2007. With ever-increasing needs for document security and brand protection in this region, SG will promote and market DSS' products throughout Malaysia, Singapore, and Indonesia focusing on government issued identification such as passports and visas, as well as manufacturers particularly in the auto and aerospace industries, while also targeting financial institutions. In addition, through human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. expansion and other investment alternatives, SG's direct sales staff will also focus on catering to many family-owned business entities belonging to Senior Partners of publicly-traded PT. Astra International Astra International is an important international industrial conglomerate based in Indonesia. It is involved in auto production and sales among other things. It is the sponsor of a technical university in Jakarta named Astra Manufacturing Polytechnic (Polman). Tbk. - Indonesia's largest and most professionally managed conglomerate. Feasibility studies The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. are currently undertaken by SG into the establishment of a security printing facility within this region to better cater its customers both in terms of competitive pricing as well as premier customer service. Peter Ettinger, President of DSS, commented, "Our partnership with SG is key to Document Securities Systems growth in the region. This is a relationship that truly represents an important step in expanding the applications and use of DSS technology globally. SG is a perfect compliment to our BTI BTI Beverage Testing Institute BTI Boyce Thompson Institute BTI British American Tobacco (stock symbol) BTI Boston Theological Institute Bti Bacillus Thuringiensis Israelensis BTI BioTechnology Institute BTI Binding Tariff Information partnership, as it allows us to establish a DSS presence and build revenue opportunities throughout Asia. SG and DSS are developing a comprehensive sales and marketing program that will include a web-based and direct marketing initiative aimed at maximizing the effectiveness of the relationship and driving revenue. As a part of the agreement, DSS received an initial order from SG for both secure paper and ID cards. Mr. Danny Rachmat, President of SG noted, "Our family and group of companies have a long history of doing business within Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and throughout the world. We know first hand the importance of the need for document security and brand protection for businesses and government. And as their partners, we believe that we can address many of the security problems in the region and this is why we have expanded our agreement. As we close deals and grow sales, we could expand the geographic boundaries of our agreement yet again." About Document Security Systems, Inc. A rapidly growing security technology company, Document Security Systems, Inc. (AMEX: DMC) is a leader in proven patented protection against counterfeiting and unauthorized copying, scanning and photo imaging of critical documents forms, identification and packaging. The company offers a broad portfolio of anti-counterfeiting technologies, systems and products, and provides consulting for customized document security printing solutions. Its various anti-scanning technologies and products are used in a number of applications, but not limited to currency, vital records, brand protection, labels, tickets, ID Cards, passports and gift certificates. Document Security Systems strategy is to become the world's leading producer of cutting-edge security technologies for printed products. More information about Document Security Systems can be found at its websites: www.documentsecurity.com and www.plasticprintingprofessionals.com. About P.T. Sekur Grafika P.T. Sekur Grafika specializes in providing customized security printing solutions for a broad variety of applications to include government documents, vital records, identification cards and badges, as well as product packaging. Its customers represent a diverse group of businesses as well as the national government of the Republic of Indonesia. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. 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 fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. 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. |
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