ROCHESTER, N.Y., Feb. 12, 2015 /PRNewswire/ -- Document
Security Systems, Inc. (NYSE MKT: DSS) (DSS), a
leader in anti-counterfeiting and authentication solutions, has
announced today that Premier Packaging Corporation, a wholly owned
subsidiary of DSS has signed a three year contract extension with
its largest client. This contract represents several million
dollars of sales annually. The original contract with the customer
was signed in 2012.
Robert Bzdick, President of DSS
and CEO of Premier Packaging commented: "The value of this contract
cannot be overstated. This long-term "anchor" customer provides a
level of predictability to our sales and allows us to best plan and
utilize our resources. I believe it is also a testament to the
quality and service provided by our team at the print and packaging
operation. In fact, since 2011, our packaging sales in this
division have grown by 88%."
Mr. Bzdick added "During 2014, DSS combined its Print and
Packaging facilities into our 40,000 square foot plant located
in Victor, NY. The combination of the two operations
has resulted in significant cost savings and increased the
competitiveness of our printing and packaging operations from a
pricing, timing and service perspective. During 2015, we will
continue to emphasize our sales efforts on our security print
applications, including our Authentiguard™ suite of products,
through a combination of direct sales and sales through our
licensee network."
About Document Security Systems, Inc.
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and
solutions are used by governments, corporations and financial
institutions to defeat fraud and to protect brands and digital
information from the expanding world-wide counterfeiting problem.
DSS technologies help ensure the authenticity of both digital and
physical financial instruments, identification documents, sensitive
publications, brand packaging and websites.
DSS continually invests in research and development to meet the
ever-changing security needs of its clients and offers licensing of
its patented technologies through its subsidiary, DSS Technology
Management, Inc.
For more information on the AuthentiGuard™ Suite, please
visit www.authentiguard.com. For more information on DSS and
its subsidiaries, please visit www.dsssecure.com.
For More Information
Investor Relations
Document Security Systems, Inc.
(585) 325-3610
Email: ir@documentsecurity.com
Forward-Looking Statements
Forward-looking statements that may be contained in this press
release, including, without limitation, statements related to the
Company's plans, strategies, objectives, expectations, potential
value, intentions and adequacy of resources, are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act and contain words such as "believes," "anticipates,"
"expects," "plans," "intends" and similar words and phrases. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
results projected in any forward-looking statement. In addition to
the factors specifically noted in the forward-looking statements,
other important factors, risks and uncertainties that could result
in those differences include, but are not limited to, the outcomes
of any of the Company's litigation, any impairment, cost or
other event resulting from court decisions regarding the Company's
litigation,and its ability to raise additional capital, as well as
those risks and uncertainties disclosed in the "Risk Factors"
section of the Company's Annual Report on Form 10-K for the year
ended December 31, 2013, filed with
the Securities and Exchange Commission, and as amended by our
subsequent periodic reports. Forward-looking statements that may be
contained in this press release are being made as of the date of
its release, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements.
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SOURCE Document Security Systems, Inc.