SOURCE: Document Capture Technologies

Document Capture Technologies

May 26, 2011 07:00 ET

DCT Announces Breakthrough Purchase Order

Deal Represents Significant Revenue Opportunity From the Banking, Financial Services Sectors

SANTA CLARA, CA--(Marketwire - May 26, 2011) - Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies for over a decade, today announced that the Company has secured a significant purchase order from one of its newer large OEM customers, with the potential for follow-on orders of substantial size. The name of the client was not disclosed.

The initial order for multiple thousands of units is destined for a single US-based Financial Institution and is expected to start shipping in Q3 of this year. DCT believes that this could initiate a domino effect for its current and new products as competitive pressures drive banks, both large and small, to provide similar state-of-the-art services and technologies to their clients.

"This breakthrough order represents exceptional benefits for DCT shareholders on several levels," said David P. Clark, Chief Executive Officer of Document Capture. "First, it firmly establishes our products as viable solutions within the financial sector. Second, it was won by one of DCT's newer partners. Third, and most importantly, this deal will likely be the catalyst for those looking at these technologies, both OEMs and VARs, to source our product and solutions. As we have stated, clients across the spectrum are moving toward smaller footprint scanners as OCR (optical character recognition) technologies and applications become more robust and accepted. This is undoubtedly DCT's sweet spot."

About Document Capture Technologies

Document Capture Technologies (OTCBB: DCMT) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms. DCMT 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 NCR, Qualcomm, Burroughs and Brother.

For additional information, please see Document Capture Technologies' corporate website: www.docucap.com.

This press release is neither an offer to sell nor the solicitation of an offer to buy any securities of DCMT.

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. DCMT undertakes no obligation to update publicly any forward-looking statements.

Contact Information

  • Contact:
    Document Capture Technologies, Inc.
    David P. Clark
    CEO
    408-213-3701
    Email Contact