Paketeria GmbH Opens 50th Store; Five Stores Opened in August.MAHWAH, N.J. -- Data Systems & Software Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DSSI DSSI Diversified Scientific Services, Inc. DSSI Digital Storage Systems Interconnect DSSI Dead Sea Scrolls Institute (Trinity Western University, Canada) DSSI Digital Small Storage Interconnect ), a holding company, today announced that Paketeria GmbH, Germany's first multi-services superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. , has opened its 50th store in the Niedersachsen suburb of Achim, Germany. Paketeria is a franchise system that combines six services (e-bay dropshop, post and parcels, copies, printing, photo processing and printer cartridge refilling) in one store. Paketeria stores are strategically placed primarily within major supermarkets in Germany to improve convenience for consumers. DSSI acquired a 23% equity stake in Paketeria in August 2006, with the option to acquire a majority position. Unique European Opportunity Andy Roesch, a highly regarded and successful serial entrepreneur Serial entrepreneur Business person that successfully starts (does not kill) a number of different businesses. , founded Paketeria in 2003 to take advantage of the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of the German post office. The privatization, which will end the German Post's monopoly on mail delivery by the end of 2007, has led to substantial reductions in their retail network. Many German communities find themselves stranded without convenient access to post and parcel services. Paketeria's goal is to open more than 500 franchised shops in Germany in the next two years. Paketeria is evaluating opportunities in other countries that have announced the privatization of their postal services postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval , including Switzerland, Austria, Italy, and France. About DSSI Data Systems & Software Inc. (DSSI) is a holding company that actively invests in proven entrepreneurs with businesses that have revenue traction and a realistic view to profitability. DSSI owns 50% of dsIT, an Israeli software developer, and 23.6% of Comverge Inc., a leading Demand Response company enabling utilities, industry and consumers to better manage peak electricity usage. DSSI also owns 23% of Paketeria GmbH. Additional information about DSSI and its subsidiary and equity affiliates is available at www.dssiinc.com, www.dsit.co.il, www.comverge.com and www.paketeria.de. This press release includes 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. , which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties which may affect the accuracy of these statements and the Company's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. as filed by the Company with the Securities and Exchange Commission. |
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