Document Security Systems Signs Licensing Agreement with ProdoSafe Security Solutions, Turkey's Largest Supplier of Anti-Counterfeiting Technology.ROCHESTER, NY -- 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 protection against counterfeiting and unauthorized copying, scanning and photo imaging, today announced that it signed an exclusive licensing agreement for its AuthentiGuard(TM) Pantograph Pantograph A four-bar parallel linkage, with no links fixed, used as a copying device for generating geometrically similar figures, larger or smaller in size, within the limits of the mechanism. 4000 technology and AuthentiGuard(TM) Prism with Turkey-based ProdoSafe Security Solutions. The term of the contract is two years a renewal options. As one of the country's premier security printers and suppliers of anti-counterfeiting and brand protection, ProdoSafe markets security solutions to the Turkish government and its regional municipalities A Regional Municipality (or Region) is a type of Canadian municipal government similar to and at the same municipal government level as a county, although the specific structure and servicing responsibilities may vary from place to place. . ProdoSafe focuses on vital records, official documents, brand protection and ticketing. Its first application using DSS's technology is for the city of Ankara's Ankara Ticaret Odasi ("ATO ATO Australian Taxation Office ATO Ambito Territoriale Ottimale (Italy) ATO Alpha Tau Omega ATO Air Traffic Organization (FAA) ATO Arab Towns Organization ATO Air Tasking Order ATO Assemble To Order ") and the Istanbul Ticaret Odasi located in Turkey's largest metropolitan area. ProdoSafe's marketing and sales efforts will expand to promoting similar security printing applications for the remaining 80 cities within the country. ProdoSafe is also pursing additional projects and sales opportunities, including secure documents for the Turkish National Police Department and police academy, lottery ticket applications for the Central Bank of Turkey, as well as consulting with Tekel, the state-owned manufacturer of cigarettes to address issues regarding brand protection. Mr. Patrick White Noun 1. Patrick White - Australian writer (1912-1990) Patrick Victor Martindale White, White , Chairman and Chief Executive Officer of DSS, commented, "Turkey has been plagued by forgery forgery, in art forgery, in art, the false claim to authenticity for a work of art. The Nature of Forgery Because the provenance of works of art is seldom clear and because their origin is often judged by means of subtle factors, art and counterfeiting in the area of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , vital records, personal identification documents and government revenue documents, such as tax stamps and lottery tickets. Our partnership with ProdoSafe puts us on the ground floor of tremendous opportunity in a country that recognizes document and packaging security technologies are vital to a stable growing economic system, as well as an improved quality of life for its citizens." Mr. Sahin Topaloglu, President of ProdoSafe, noted, "Our partnership with DSS allows us to lead the way in insuring our country's important and essential documents are adequately protected against counterfeiting and forgery for years to come. Based on our estimated revenue potential once we establish full market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" in Turkey and the surrounding countries, DSS will reap the benefit of royalty income well into the seven-figure range." DSS's AuthentiGuard(TM) technologies represent the leading anti-counterfeiting print security and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. 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. About Document Security Systems, Inc. Document Security Systems, Inc. (AMEX: DMC) is a leader in proven patented protection against counterfeiting and unauthorized copying, scanning and photo imaging. The company offers a broad portfolio of anti-counterfeiting technologies, processes and products, and provides consulting for customized document security printing solutions. Its various anti-scanning technologies and products are used for currency, vital records, packaging, labels, tickets, ID Cards, passports and gift certificates. Document Security Systems' products, such as its new AuthentiGuard(TM) Security Paper, protect original documents from copying or duplication. Its 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. 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 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. |
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