ROCHESTER, N.Y., Feb. 22, 2016 /PRNewswire/ -- Document Security
Systems, Inc. (NYSE MKT: DSS), (DSS), a leader in
anti-counterfeiting and authentication solutions, has realigned the
management oversight responsibilities of its senior executive team.
The changes, which went into effect on February 16, 2016, are being implemented so there
is greater senior executive focus on high growth areas of the
business.
As a result of the realignment, Jeff
Ronaldi, CEO of DSS will take on the primary leadership role
over DSS's Digital and Plastics divisions. Robert Bzdick will remain as Chief Executive
Officer of DSS's Packaging and Printed Products operation, and as
President of DSS under the realignment. Mr. Bzdick
remains a member of the Board of Directors of DSS.
"The Packaging and Printed Products division is the Company's
largest revenue division and continues to represent significant
revenue and opportunity for DSS while the Digital Solutions and
Plastics divisions, while currently smaller, offer strong future
growth potential that will benefit from dedicated executive
support," said Jeff Ronaldi, CEO of
DSS.
"The time was right to realign our management duties so each
business segment gets the executive support it requires," said
Bzdick. "Packaging and Printed Products are very important revenue
lines for DSS and are the core of our continuous
anti-counterfeiting research and development efforts.
Our Digital Solutions division and to a growing degree, our
Plastics division, are focused on technology and its integration
into the anti-counterfeiting and brand protection
marketplace. By realigning executive oversight we
can sharpen focus on our established businesses but also best
position the company to expand its resources in its growth
areas."
Additionally, Mr. Garrett Brown
will join the company as the Senior Director of Product Management
for the Digital Group effective on March 17,
2016. His initial focus will be on enhancing the
AuthentiGuard product offering. Mr. Brown has over twenty years of
technology product management experience. His past product
management experience includes UUNET, US Internetworking, Sprint,
and Tachyon Systems.
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,
our ability to produce results from our management realignment, 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, 2014, and
its Quarterly Reports on Form 10-Q, as previously filed with the
Securities and Exchange Commission. 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.