June 27, 2007
-- DSS and Cultura Interactiva, S.A. de C.V. announce $1.25 million per year
Premier Partnership to offer comprehensive technology solutions in Mexico --
ROCHESTER, NY, June 27, 2007 – Document Security Systems, Inc. (AMEX: DMC) (“DSS”), a 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 that it has granted a two-year technology license and the exclusive rights to market, sell, and distribute DSS AuthentiGuard® security solutions in Mexico to Cultura Interactiva S.A. de C.V.
“As the need for secure delivery of paper, plastic, and even electronic documents increases, more and more global customers are finding value and quality in our patented AuthentiGuard® technologies,” explained Peter Ettinger, president of Document Security Systems. “We are very pleased to be working with Cultura Interactiva, S.A. de C.V. as they have over the years been able to build numerous relationships within the financial, healthcare, and government markets in Mexico.”
“For a long time we have searched for a way to deliver security and authenticity solutions to our customers. So many technologies currently in use are outdated and easily breached,” said Mr. Fernando Fuentes, president of Cultura Interactiva, S.A. de C.V. “DSS AuthentiGuard® technologies offer a foundation of security that is easy to verify and nearly impossible to copy, scan, or digitally modify. This is a very powerful thing for our business, and even more powerful for our customers. We look forward to our new relationship with DSS and how it will grow over the next couple years and beyond.”
According to Ettinger, “This partnership offers an ideal opportunity to deliver comprehensive technology solutions to an untapped market looking for cost effective brand protection and anti-counterfeiting solutions. We believe the potential, based on our current bid opportunities and meetings are tremendous and is a strong first step towards expansion throughout Latin America.”
The agreement is for two years and provides for a minimum revenue of $1.25 million per year. Document Security Systems technologies represent the leading anti-counterfeiting print security and authentication solutions on the market and are the most effective optical deterrent security technologies in the world that work with most current models of digital copiers, imaging systems and scanners. DSS will continue to grow its international presence through Premier Partners who have a deep understanding of their markets as well as 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 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.
About Cultura Interactiva, S.A. de C.V
Cultura Interactiva, S.A. de C.V. is a printing company and security provider that develops security and educational software programs for education, government and the private sector. They have a large portfolio of clients in the pharmaceutical, telecommunications, spirits and beverage, transportation, insurance, and banking industries.
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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