November 9, 2006
• DSS technologies selected over competition after two year search
• Technologies’ capabilities and cost effectiveness provide competitive advantage
• Establishes market channel into 4th most populous country
ROCHESTER, NY, November 9, 2006 – Document Security Systems, Inc. (AMEX: DMC) (“DSS”), a leader in proven, patented protection against counterfeiting and unauthorized copying, scanning and photo imaging, today announced that it has granted a two-year technology license and the exclusive rights to market, sell and distribute DSS’s wide range of secure document products in the Republic of Indonesia to PT Sekur Graifka (“SG”). This agreement advances DSS’s strategy of seeking international partners which includes BTI (China), Prodosafe (Turkey), Pyrotech (Africa), and PaperlinX Limited (ASX: PPX) (Australia, New Zealand, Europe) to capitalize on the global market for secure document solutions.
Mr. Peter Ettinger, President of DSS, commented, “Counterfeiting and brand fraud is an international problem of great importance. Whether on a printed document, a plastic badge or our “on-demand” internet technology, the growing international demand for our security technologies will be met by our solid group of international sales partners. We are very pleased to have PT Sekur Grafika which has high level contacts with the Indonesian government, as well as many other customers that they believe could benefit from our technologies. Because of the very large population of the Republic of Indonesia, we believe the potential in that market is significant.”
Mr. Eddy Tong, Director of SG, stated “The general security standards with regard to combating fraud on both products and documents in Indonesia are fragmented and outdated. For the past two years, we have evaluated just about every security product available in this market and have selected DSS’ technologies because of their superior capabilities, effectiveness and affordability. We think that the Indonesian market will respond extremely well as it learns of the power of DSS’s advanced line of security products. We anticipate that we’ll have strong success in this relatively untapped market that could result in a six figure plus return in Indonesia alone.”
DSS’ technologies represent the leading anti-counterfeiting print security and authentication technologies on the market and are believed to be the most effective optical deterrent security technologies in the world that work with the most current models of digital copiers, imaging systems and scanners. DSS expects to grow its international presence by seeking partners within each country who have a deep understanding of their markets and the secure products industry.
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 company¹s patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. Document Security Systems¹ 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 Systems¹ strategy is to become the world¹s 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.
About PT Sekur Grafika)
PT 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 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.
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