Science & Technology
Science and Technology
Science and Technology
Mon, March 2, 2009
Sun, March 1, 2009
Fri, February 27, 2009 Document Capture Announces Release of Online Interview
SAN JOSE, Calif.--([ BUSINESS WIRE ])--Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced the availability of an online interview with Board Chairman Edward M. Straw.
Darren Minton, Associate Editor of SmallcapInsights.com, an informative financial portal for investors, recently conducted the wide-ranging interview in New York. Document Capture has commissioned a number of informative online videos and interviews on topics of keen interest to investors and the Company's shareholders.
The interview is available here: [ www.smallcapinsights.com ]
During the interview, Mr. Straw states:
I was impressed with the innovative spirit the Company brings to the table and quality of the product. Most importantly I was impressed by the value proposition; that through scanning, companies can be more productive in the way they capture, authenticate, and share data. I see this as critically important in what I'll call the growing paper to digital revolution.
During the in-depth 3-part interview, Mr. Straw gives a clear picture of the relevance and viability of DCT's technology within a number of large and growing verticals. He speaks to the recent Qualcomm deal and the potential for more contracts of this size and quality. Secure document capture, an extremely significant growth area, is discussed at length as a major focus of DCT's sales and marketing efforts.
Retiring in 1996 from a distinguished 30-year military career, Mr. Straw took his expertise to a variety of executive appointments including President, Ryder Integrated Logistics, Senior Vice President, Compaq Computers, and for five years was President of Global Operations for The Estee Lauder Companies. A hallmark of all these appointments was the development of focused supply chain initiatives, which significantly lowered costs and enhanced profitability.
Currently, Mr. Straw is the Executive Vice President of PRTM Management Consultants, a global Operations strategy firm, and sits on the boards of six companies, including the Chairmanship of Odyssey Logistics, and of course, Document Capture.
About Document Capture Technologies
Document Capture Technologies (DCT) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture solutions. Its vertical integration and innovative proprietary system development kits allow for a broad range of applications, faster time-to-market and ease of integration for its customers.
DCT has more than 45 key accounts, predominantly in North America, and a growing intellectual property (IP) portfolio that currently numbers more than 25 granted domestic and international patents as well as 3 pending. DCT maintains an aggressive IP strategy to defend its technology and market leadership position.
DCT provides more than 30 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including Qualcomm and Brother.
DCT has steadily grown its business (37% three-year organic CAGR through 2007) in the health care, security, financial and compliance vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Document Capture undertakes no obligation to update publicly any forward-looking statements.
SEC Section 17(b) Disclosure: SmallcapInsights.com is a wholly owned subsidiary of a company controlled by a principal of Trilogy Capital Partners, Inc. ("Trilogy"). Trilogy has been engaged by Document Capture Technologies ("DCT") to provide investor relations services for compensation including a monthly retainer of $10,000 and three-year warrants to purchase 640,000 shares of common stock of DCT at an exercise price of $0.60, two-thirds of which vested immediately with the remaining one-third vesting in March 2009 provided Trilogy's engagement continues through the vesting date.
