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Announcement from The Coalition Against Counterfeiting and Piracy Supports Document Security Systems’ Position inFight Against Counterfeiting
Publish Date : 12/17/2007 4:48:00 AM   Source : Network Security News Onlypunjab.com

Members of the Coalition Against Counterfeiting and Piracy (CACP), called upon Congress last week to pass legislation H.R. 4279 that would create a senior White House position focused on anti-counterfeiting in the U.S. and would increase penalties against counterfeiters. This announcement comes on the heels of an announcement by Document Security Systems, Inc. (AMEX: DMC), a member of the U.S. Chamber of Commerce, to expand its service offering to the government market with its recent agreement with NPC, one of the nation’s largest government printer.

"Today's announcement by the CACP supports our expansion in the government market and demonstrates that business leaders around the country are recognizing the need for top-level government support in order to effect immediate change and combat this growing issue," explained Peter Ettinger, President of Document Security Systems. "Our recent agreement with NPC, one of the nation's largest government printers, was another significant step into this burgeoning market. Our security technology has been present on various types of government documentation for decades and now has the potential to be implemented into more government instruments, such as vital records, identifications and breeder documents. This announcement from the CACP, a national organization of businesses and associations committed to raising awareness of this crime, proves that there is growing demand for our technology in this sector."

The CACP, led by the U.S. Chamber of Commerce, is a broad based coalition representing more than 500 associations and businesses. The coalition is committed to increasing the understanding of the negative impact of counterfeiting and piracy and to finding real solutions by working with governments, industry, opinion leaders, the media, and consumers. Counterfeiting and piracy are estimated to cost the U.S. economy approximately $250 billion annually and have led to the loss of more than 750,000 American jobs, leading business and labor leaders to join together in support of the legislation.

For more information about the announcement, visit www.thecacp.com.

About Document Security Systems, Inc.

A rapidly growing security technology company, Document Security Systems, Inc. (AMEX: DMC) is a leader in proven patented protection against counterfeiting and unauthorized copying, scanning and photo imaging of critical documents forms, identification and packaging. The company offers a broad portfolio of anti-counterfeiting technologies, systems and products, and provides consulting for customized document security printing solutions. Its various anti-scanning technologies and products are used in a number of applications, but not limited to currency, vital records, brand protection, labels, tickets, ID Cards, passports and gift certificates. Document Security Systems strategy is to become the world’s leading producer of cutting-edge security technologies for printed products. More information about Document Security Systems can be found at its websites: www.documentsecurity.com and www.plasticprintingprofessionals.com.

Safe Harbor Statement

This release contains forward-looking statements regarding expectations for future financial performance, which involve uncertainty and risk. It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The Company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.



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