Document Security Systems Inc. Unveils Its New Bank Check
Protection Technology at the BAI Transpay Conference in Las Vegas May 18-20
ROCHESTER, N.Y., May 19 /PRNewswire-FirstCall/ -- Document Security Systems,
Inc. announced today that it will demonstrate and hand out samples of its new
DSS 3000 Pantograph that was built to meet the new Check Processing systems
under the "Check 21" Federal Reserve Bank regulations. The Bank Administration
Institute (BAI) is holding the conference for banking institutions at the Paris
Hotel in Las Vegas, Nevada May 18-20th, 2004.
Under the new legislation, banks are required to create digital copies of an
original check for processing throughout the banking system. None of the older
security pantographs sold by traditional check and forms printers have had much
success with the new scanners. Document Security Systems, Inc.'s new technology
was built exclusively to provide authentication and security for the new
generation of high-speed check processors being installed in the banking
industry to accommodate the regulatory guidelines.
"Our new bank check protection technology was tested at the On-Demand trade
show held recently in New York City by several of the new check processors and
the results were 100% effective," said Patrick White, President and Chief
Executive Officer of Document Security Systems, Inc. "To our knowledge, our
check protection technology is the only format in the check and forms industry
today that accommodates this type of high-end scanning and processing,
guaranteeing that our hidden security feature survives the scanning process
thereby insuring the integrity of the original check." In addition to performing demonstrations and handing out samples of the new
technology to trade show attendees, Document Security Systems, Inc. will be
giving out licensing and specification guidelines to both end users (banks) and
security printers.
Document Security Systems, Inc. is a technology company with patents in printed
security features, which prevent forgery, duplication, counterfeiting, copying,
scanning and re-imaging for any type of printed documents, labels or packaging.
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. Contact: Contact: Cherrie Mahon
Company: Document Security Systems, Inc. Title: Shareholder Relations
Voice: 800-930-6788
Fax: 585-232-5960
Email: Websites: http://www.documentsecurity.com/
http://www.safetypaper.com/
http://www.legalstore.com/
http://www.patrickprinting.com/ http://www.safetypaper.com http://www.legalstore.com http://www.patrickprinting.com DATASOURCE: Document Security Systems, Inc.
CONTACT: Cherrie Mahon, Shareholder Relations, Document Security Systems, Inc., 1-800-930-6788, or fax, +1-585-232-5960, Web site: http://www.documentsecurity.com/
|