DSS Announces Multi-Year Contract Valued at $9.6M with One of World’s Largest Photography and Image Sharing Companies
September 01 2020 - 6:55AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating businesses
focusing on brand protection technology, blockchain security,
direct marketing, healthcare, real estate, and securitized digital
assets, today announced its Premier Packaging Corp. (Premier)
subsidiary signed a three-year contract with one of the world’s
largest photography, photography products, and image sharing
companies. The contract is valued at approximately $3.2 million per
year.
“We’re excited to further extend our
long-standing relationship with this customer,” commented Jason
Grady, Chief Operating Officer of DSS. “As a global leader in their
industry, they service more than 10 million customers, generating
26 million orders annually. This contract, valued at nearly $10
million over three years, demonstrates this customer’s confidence
in Premier’s ability to deliver and sets the stage for additional
contract opportunities with their other divisions, including school
photography services and web-based photo sharing and printing
services.”
Since taking over in July 2019, the DSS
management team has transformed Premier’s operations, investing in
new manufacturing equipment, people, and processes to increase its
capacity, improve quality and delivery, and ensure it has the
horsepower it needs to support its customers and grow with their
changing demands.
For over 25 years Premier has been a market
leader in providing innovative and secure solutions for printing
and packaging. Premier is the smart packaging, and
security printing division of DSS.
With operations based in Victor,
NY, and distribution facilities on both coasts of the US,
Premier services a variety of nationally and regionally based
customers. Premier’s client list includes customers in
the medical device, consumer goods, nutraceutical,
photo marketing and food and beverage industries. Premier
differentiates itself with an empathetic approach to customer
service driven by being a full service, end-to-end solution
provider that is large enough to be a complete resource, while
maintaining flexibility to react to ever changing market and
customer supply chain demands.
About Document Security Systems, Inc.
DSS is a multinational company operating
businesses focused on brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEO RedChip Companies Inc. 407-491-4498
Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
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