Document Security Systems, Inc. to Change Its Name to DSS, Inc. to Reflect Sweeping Organizational Changes and Ongoing Business Expansions
September 20 2021 - 7:30AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating business segments
in blockchain security, direct marketing, healthcare, consumer
packaging, real estate, renewable energy, and securitized digital
assets, today announced it is changing its name to DSS, Inc. The
name change will become effective on September 30, 2021.
“Over the past two years, we have undergone
sweeping change to our organizational structure, operating
companies, and business plan,” stated Frank D. Heuszel, CEO of DSS.
“Today, document security products and services represent only a
small fraction of our operations and continuing to operate under
the Document Security Systems brand obfuscates the multiple
high-growth business lines we have added, including healthcare,
real estate, renewable energy, and securitized digital asset
initiatives. We are excited to move forward under the new DSS, Inc.
name to more accurately reflect our broad and increasingly diverse
portfolio of current and future businesses.”
“We have already witnessed successful outcomes
from our investments into existing key scalable business lines
which are driving top- and bottom-line improvements. The progress
we are seeing with our new business model and expansive strategy
should significantly accelerate these trends in the quarters ahead
as we work to build DSS into a global multinational powerhouse,”
added Jason Grady, COO. “Our goal is to create and deliver
long-term, sustainable shareholder value while simultaneously
aligning resources to build a foundation for strategic high-growth
opportunities. Through this rebranding, we believe we will be able
to more clearly communicate our exciting and evolving story to our
shareholders and the broader investment community.”
About Document Security Systems, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman, Heng Fai Chan, a
highly successful global business veteran of more than 40 years
specializing in corporate transformation while managing
risk. He has successfully restructured more than 35
corporations with a combined value of $25 billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
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