Document Security Systems, Inc. Names IT Executive Vincent Lum President of DSS Asia
January 08 2018 - 8:00AM
Document Security Systems, Inc. (NYSE American:DSS), a leader in
anti-counterfeit, authentication, and diversion protection
technologies whose products and solutions are used by governments,
corporations and financial institutions to defeat fraud and to help
ensure the authenticity of both digital and physical financial
instruments, identification documents, sensitive publications,
brand packaging and websites, announced today that Mr. Vincent Lum
has been named President of DSS Asia.
Mr. Lum will be responsible for strategic DSS
business expansion in the Asia Pacific market. Mr. Lum will
lead the Asia Pacific operation including management of customer
support, implementation, product marketing, and product development
in the region. As part of the DSS expansion to Asia, Mr. Lum
will also oversee regional growth in the DSS infrastructure to
service product opportunities in the market.
“We see very strong demand for our products in
the Asia Pacific market. The region is plagued by counterfeit
products which are more than just a nuisance, in fact, they are a
significant public health threat,” said Jeff Ronaldi, CEO of DSS.
“Adding Vincent is a major step forward in our expansion plans.
He has extensive experience in bringing technology products
to the Asia Pacific market, in combination with strong product
development knowledge. Under his leadership, we are building
a very robust Asia Pacific presence.”
“Counterfeiting is a serious and growing problem
in the Asia Pacific marketplaces. I am very much looking
forward to establishing a DSS presence, with its proven technology
and years of brand protection experience, in this region,” stated
Mr. Lum. “The Asia operation will not only be a sales and marketing
operation, but also a technology and development extension of U.S.
headquarters, where we will be actively building resources to
enhance our digital product offerings.”
Mr. Lum has extensive experience in the IT
industry, the consumer electronics market, and with product
development and strategic marketing spanning the past 25
years. Prior to joining DSS, Mr. Lum was CEO of HotApp
International, an integrated community and e-commerce platform
based on mobile applications. From 2009-2014 Lum was founder
and CEO of FUNboxx, Ltd., a software developer in internet security
for kids, and from 2006-2007 he was CEO of Vitop, Ltd. In Hong Kong
where he managed all business aspects for their Wellness and
Healthcare division. Mr. Lum was the Head of Consumer
Products and the Asia Pacific Marketing Director for YORK
International (now Johnson Controls) from 2003-2006.
From 1999-2004 Mr. Lum held executive positions of Regional VP,
Korea and Japan; Director of Marketing; and CEO, iCommerce for
publicly-listed Datacraft Asia. While at Datacraft Asia, Lum
grew the Korean business to over $80 million and developed the
China Digital Network Business into a $100 million unit in four
years. Mr. Lum was Marketing Director, Asia Pacific, Global
Consumer Line of Business Director and a Member of Global Executive
Team with Apple from 1995-1998. Mr. Lum received his BSc in
Electronics Engineering from the University of Essex in
1985.
ABOUT DOCUMENT SECURITY SYSTEMS,
INC.For over 15 years, Document Security Systems, Inc.
(“DSS”) has protected corporations, financial institutions, and
governments from sophisticated and costly fraud. DSS’
innovative anti-counterfeit, authentication, and brand protection
solutions are deployed to prevent attacks which threaten products,
digital presence, financial instruments, and identification.
AuthentiGuard®, the company's flagship product, provides
authentication capability through a smartphone application so
businesses can empower a wide range of employees, supply chain
personnel, and consumers to track their brands and verify
authenticity. For more information visit dsssecure.com.
Keep up-to-date on DSS events and developments
by joining our online communities at Facebook, Twitter
LinkedIn and our DSS Investor Update List.
FORWARD-LOOKING
STATEMENTSForward-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 continue the growth
in sales of AuthentiGuard and manage our expenses, as well as those
risks disclosed in the “Risk Factors” section of the Company’s
Annual Report on Form 10-K for the year ended December 31, 2016,
filed with the Securities and Exchange Commission on March
28, 2017. 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.
Contact:
Investor Relations
Jody Janson
Document Security Systems, Inc.
Tel: (585) 232-5440
Email: ir@dsssecure.com
DSS (AMEX:DSS)
Historical Stock Chart
From Apr 2024 to May 2024
DSS (AMEX:DSS)
Historical Stock Chart
From May 2023 to May 2024