ROCHESTER, N.Y., June 1, 2011 /PRNewswire/ -- Document Security
Systems, Inc. (NYSE Amex: DMC; "DSS"), a world leader in the
development of optical deterrent technologies, is pleased to
announce today that it has received directives from a global
e-commerce client which expands its existing printing and packaging
production agreement from its original amount of $300,000 to $1.3 million over the next 12 months.
Chief Operating Officer, Robert
Bzdick stated, "This particular client is a very large and
well-known e-commerce company and our relationship is blossoming as
shown by this quadrupling of their annual purchase
commitment. Since establishing the relationship with this
customer last year, we have demonstrated our quality and
service, completed redesigns that will double the number of SKU's
we provide to them and have established a strategic West
Coast distribution point at our San
Francisco-based manufacturing facility, P3, Inc. With
the new SKU's, the customer has forecast requirements of nearly
$1.3 million for the third quarter
2011 through the second quarter 2012. In the weeks and months
ahead we anticipate additional production and revenue growth with
other high profile cliental."
About Document Security Systems, Inc
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, Inc. and their
wholly-owned subsidiaries can be found by visiting:
Document Security Systems, Inc.: www.documentsecurity.com
DPI of Rochester:
www.dpirochester.com
Plastic Printing Professional, Inc.:
www.plasticprintingprofessionals.com
Protected Paper: www.protectedpaper.com
Premier Custom Packaging: www.premiercustompkg.com
ExtraDev, Inc: www.extrashare.com
For more information, contact:
Jody Janson
Document Security Systems, Inc.
Investor Relations
Tel: (585) 232-5440
Email: ir@documentsecurity.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not
historical in nature, are intended to be, and are hereby identified
as "Forward-Looking Statements" for purposes of safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended. Readers are directed to the company's filings with the
U.S. Securities and Exchange Commission at www.sec.gov for
additional information and a presentation of the risks and
uncertainties that may affect the company's business and results of
operations.
SOURCE Document Security Systems, Inc.