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Document Security Systems, Inc. (DSS)

NYSE American - NYSE American Delayed price. Currency in USD
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2.9600+0.0300 (+1.02%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close2.9300
Open2.9300
Bid2.9500 x 3100
Ask2.9600 x 2900
Day's range2.9100 - 3.0200
52-week range2.4500 - 10.5500
Volume333,644
Avg. volume1,765,484
Market cap98.035M
Beta (5Y monthly)8.91
PE ratio (TTM)N/A
EPS (TTM)-0.0270
Earnings date12 Aug 2021 - 16 Aug 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est13.75
  • DSS Expands Footprint of DSS Securities through Acquisition of 24.9% of Broker-Dealer Sentinel Brokers Company
    GlobeNewswire

    DSS Expands Footprint of DSS Securities through Acquisition of 24.9% of Broker-Dealer Sentinel Brokers Company

    DSS has option to buy additional 50.1% of SentinelROCHESTER, N.Y., May 24, 2021 (GLOBE NEWSWIRE) -- 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 the further expansion of its DSS Securities, Inc. business through an acquisition of 24.9% of Sentinel Brokers Company, Inc. (“Sentinel”), a FINRA-registered broker-dealer. Terms of the agreement include the option to acquire an additional 50.1% of Sentinel. “We are thrilled to further expand the footprint of DSS Securities,” stated Frank D. Heuszel, CEO of DSS. “Owning a broker-dealer will help to accelerate our plans to build out an ecosystem around this high-growth, high-return potential segment of our operations.” Founded in 1996 by Joseph Lawless, Sentinel primarily operates as a financial intermediary, facilitating institutional trading of municipal and corporate bonds as well as preferred stock. “Markets are continually evolving,” commented Lawless. “As Sentinel celebrates our 25th anniversary this year, it's exciting to engage a synergistic strategic partner the caliber of DSS that has tremendous vision and resources giving it the ability to capitalize on a wealth of opportunities. I am excited to work with the DSS team as we move forward.” “This is great opportunity to accelerate the trajectory of our digital securities business,” commented Jason Grady, Chief Operating Officer of DSS. “We plan to continue to invest qualified ventures as opportunities warrant, effectively allocating the capital we have available to drive growth and maximize returns.” DSS Securities completed its acquisition of 24.9% of Sentinel through its wholly owned subsidiary, Sentinel Brokers, LLC. 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 and largest shareholder, Mr. 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.

  • DSS Launches DSS PureAir, Inc. and Makes Investment into Innovative Proactive Air and Surface Purification Solutions Technology from Puradigm LLC
    GlobeNewswire

    DSS Launches DSS PureAir, Inc. and Makes Investment into Innovative Proactive Air and Surface Purification Solutions Technology from Puradigm LLC

    A study done by the University of Florida using the SARS-CoV-2 virus showed a significant decrease in infectivity of the virus immediately after exposure to Puradigm’s technology The SARS-CoV-2 virus was undetectable after 24 hours of exposure to Puradigm’s technology in the study ROCHESTER, N.Y., May 19, 2021 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses in consumer packaging, brand protection technology, blockchain security, direct marketing, healthcare, real estate, renewable energy, and securitized digital assets, today announced the launch of DSS PureAir, Inc. (“DSS PureAir”), the Company’s new wholly owned subsidiary targeting commercial and residential air purification markets, following a significant investment into Puradigm LLC, a manufacturer of proactive air and surface purification solutions that have proven to be safe, scalable and provide 24/7 protection to all indoor environments. “We are excited to launch our newest division, DSS PureAir, to further our vision of securing healthy living,” stated Frank D. Heuszel, CEO of DSS. “Before COVID-19, the market for air purifiers was strong, and now growth is accelerating even more. We are excited to support and partner with Puradigm to enable us to rapidly enter this growing global market with best-in-class products.” The global air purifier market was valued at $10.7 billion in 2020 and is forecasted to grow at a 10% compound annual growth rate (CAGR) from 2021 through 2028, according to data from Grandview Research. Puradigm’s patented, scalable purification products actively and safely purify both air and surfaces in any room. They can be customized for indoor spaces of all sizes, including homes, offices, schools, restaurants, gyms, hospitals, assisted living facilities, food processing facilities and more, and include free standing, wall mounted, HVAC and personal protection devices. Puradigm is unique from other disinfection technologies (chemical cleaning, UV light, vaporized hydrogen peroxide) because it produces Non-Thermal Plasma (NTP) particles in very large quantities, which actively purify both air and surfaces safely, while people are present. These highly energized plasma molecules kill bacteria and viruses by piercing their cell walls, similar to a pin pricking a balloon. There are no downtime periods, chemical handling procedures, harmful residues, room clearance protocols, manpower requirements or adverse side effects. Puradigm’s proactive technology has been shown to be effective against a wide variety of pathogens, including SARS-CoV-2, H1N1, E. coli, MRSA, Listeria, C. difficile, staph, and many more. It is the most validated purifier on the market. A new study from the University of Florida (“UF”) confirms the efficacy of Puradigm in inactivating SARS-CoV-2, the virus that causes COVID-19. Researchers at UF’s Department of Medicine found that Puradigm’s proactive air and surface purification technology inactivates 73.33% of infectious high levels of SARS-CoV-2 on stainless steel surfaces within only 15 minutes of exposure to the technology, 93.3% after 60 minutes, and 97.7% after 4 hours. After 24 hours of exposure to Puradigm’s proactive technology the study shows the SARS-CoV-2 was undetectable. These results are consistent with those of an independent study done by Central Michigan University and Insight Research Institute which tested the effectiveness of Puradigm’s technology on S. aureus, C. difficile and Dengue virus type 2 (DenV-2) used as a surrogate for SARS-CoV-2. Their results showed that Puradigm’s technology caused a > 99% average reduction in bacterial growth and a 98.5% average reduction in viral infectivity. These findings were published in the March 2021 edition of Infectious Disease Reports, an international, open access peer-reviewed journal that publishes scientific papers about infectious diseases. “We are thrilled to be working with DSS PureAir as our strategic partner for global expansion. Puradigm has seen its sales pipeline increase more than 500% in the past 12 months and this investment will allow us to accelerate our product rollout to multiple key markets around the world,” added James Gabriel, CEO of Puradigm. “We believe our technology is critical to contain current as well as future pandemics and can dramatically minimize contamination in indoor spaces. Most importantly, our technology can run safely on a continuous basis even in fully occupied spaces.” About Puradigm LLC Puradigm offers proactive air and surface purification solutions that have proven to be safe and scalable and provide 24/7 protection for any indoor environment. Puradigm’s technology is patented around the world and has been validated by many testing organizations in the reduction of mold, bacteria, virus, and other harmful pathogens. Puradigm’s technology is the most validated in the industry and can be customized for any indoor environment. For more information on Puradigm visit http://www.puradigm.com. About Document Security Systems, Inc. DSS is a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, 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 and largest shareholder, Mr. 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.

  • DSS Sells its DSS Digital Division to Proof Authentication Corporation
    GlobeNewswire

    DSS Sells its DSS Digital Division to Proof Authentication Corporation

    Company focused on growing shareholder value through higher return opportunitiesROCHESTER, N.Y., May 11, 2021 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets, today announced Proof Authentication Corporation (“Proof”) signed a purchase agreement pursuant to which Proof acquired 100% of the outstanding shares of DSS Digital, Inc., a wholly-owned subsidiary of the Company and a leader in innovative anti-counterfeit, authentication, and brand protection solutions. “We set out on a mission to revive DSS and the sale of our legacy digital group is another major milestone in our transformation that will enable us to focus on new, higher-return opportunities to grow shareholder value,” stated Frank D. Heuszel, CEO of DSS. Under the terms of the agreement, DSS will retain and sell to certain key customers through a non-exclusive license granted by Proof to DSS, while continuing to use the innovative anti-counterfeiting technology on consumer packaging for authentication and consumer engagement purposes under the Company’s Premier Packaging Corp. division. The terms of the deal with Proof include upfront cash and an earn-out provision that provides for potential payments to DSS based on the achievement of certain revenue targets. Riparian Partners, LLC served as financial advisor to Proof, with Orrick serving as its legal counsel. Sichenzia Ross Ference LLP served as legal counsel to DSS. Jason Grady, COO of DSS, stated, “Proof has the experience and commitment to take our brand protection solutions, such as AuthentiGuard, to a new level, giving the market an even better product than we do today. DSS will benefit from Proof’s efforts as we continue to sell key accounts and incorporate technology advancements into Premier’s intelligent packaging solutions.” “Having worked in this space for over 15 years from the brand-side of the table, I can confidently say DSS has some of the best technology in the authentication market today. Consumers are more aware now than at any time in our history about the prevalence of counterfeit products in the market. They are clamoring for a way to ensure the products they are buying are real. This acquisition allows us to build on DSS’ innovations and further drive increased value to our client brands and their consumers around the globe,” added Dan McKinnon, CEO of Proof. AuthentiGuard is comprised of three key components that work together to secure brands. Developed from patented Prism technology and printed on products during normal printing processes, the AuthentiGuard mark cannot be duplicated or copied, and it contains embedded codes that hold limitless amounts of information. The AuthentiGuard application, customizable in functionality, look and feel, reads the encrypted information to determine authenticity and deliver alerts and information directly to users. Brands also have access to an online portal to manage their program and view real-time data collected from the application reads. “While our digital group has been a great business for DSS over the years, we have moved in a different direction, investing in new growth opportunities within healthcare, renewable energy, and other emerging technologies that we believe present tremendous potential upside for our shareholders,” continued Heuszel. “We are excited for what the future holds for our innovate distribution sharing system business model.” About Proof Authentication Corporation Proof is a technology sector company that engineers the world’s premier anticounterfeiting authentication solutions. Proof is founded on the cornerstone principle that effective authentication technologies must always be both accurate and ubiquitous. The company is helmed by Dan McKinnon, former Head of Global Brand Protection for athletic giant, New Balance, and most notably known for achieving the world’s largest counterfeit damages award in China. For more information on Proof, visit: www.proofauthentication.com About Document Security Systems, Inc. DSS is a multinational company operating businesses focused on blockchain security, direct marketing, healthcare, consumer packaging, real estate, 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 and largest shareholder, Mr. 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.