ROCHESTER, N.Y., Aug. 7, 2014 /PRNewswire/ -- Document
Security Systems, Inc. (NYSE MKT: DSS) (DSS), a leading
developer of anti-counterfeiting and authentication solutions
and licensor of innovative technologies, was featured on
Bloomberg Television's top-rated in-depth investment program,
Taking Stock with Pimm Fox, on Wednesday, August 6.
Jeff Ronaldi, chief executive
officer of DSS, was interviewed by Bloomberg host Cory Johnson and described the pervasive threat
faced by brand owners and consumers from counterfeiting and how
DSS's Authentiguard solution can be used to defend against this
threat.
AuthentiGuard®, the company's mobile app-based solution prevents
and detects counterfeit product packaging and labels that are
printed with PRISM, DSS's proprietary print security mark that
resists copying and scanning. AuthentiGuard is a revolutionary new
tool that offers the potential for anyone with an IOS or Android
smartphone to verify that they have purchased an authentic product
when that product is printed with a PRISM mark. DSS began selling
Authentiguard in 2013 and is driving adoption of this product in
identification, consumer, and industrial applications to combat
counterfeiting, which costs the U.S. economy an estimated
$250BN in losses annually1
and puts consumers at risk every day.
AuthentiGuard® reflects DSS' unique business model, which
involves developing and acquiring intellectual property that
enables the company to bring innovative product and service
offerings to market, while actively licensing the company's IP
portfolio. The company's go-to-market strategy of both
commercialization and IP licensing is designed to maximize
potential returns on investment in IP, and to provide investors
access to a stable and diversified business model that taps the
fast growing, $120 billion global
IP-licensing market.2
Following this strategy, over the last 12 months DSS has
expanded its patent portfolio by adding over 75 US patents across a
range of technology areas. The company also introduced several new
products to the market and increased its active licensing program
offerings. DSS is committed to further expanding its IP portfolio
and increasing its licensing efforts, as well as introducing new
products, throughout 2014.
To see Ronaldi's appearance on Taking Stock with Pimm
Fox, please click here.
About Document Security Systems
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. To follow DSS on
Facebook, click here.
For More Information
Investor Relations
Document Security Systems
(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, those 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. 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.
1 GCCCP – United Nations World IP Organization
2 The Economist, World Intellectual Property
Organization. Includes patents, copyrights, trademarks and other IP
forms
SOURCE Document Security Systems, Inc.