SOURCE: Document Capture

Document Capture

August 17, 2011 06:00 ET

DCT Completes Exclusive Bilateral Distribution Pact With Microtek

Largest China-Based Scanning Technology Company to Market and Sell DCT Products

SANTA CLARA, CA--(Marketwire - Aug 17, 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, and Taiwan-based Microtek International, a multi-national designer, developer and manufacturer of proprietary scanner technology, today announced that Microtek has been named the exclusive Asian distributor for DCT's industry-leading products.

Today's announcement advances the bilateral partnership between the companies, following DCT's announcement as the exclusive agent in North America for Microtek products in a press release dated June 9th, 2011.

This relationship combines two global leaders in the design, development and production of image capture technologies and opens significant global revenue opportunities through the strong local sales and marketing presence of each partner. Microtek is the market leader in Asia with 1500 sales locations and 90 service centers in China.

"This partnership is undoubtedly one of the most important in DCT's history," said David P. Clark, Chief Executive Officer of Document Capture. "Microtek is the industry leader in Asia both in sales and technology. With this bilateral arrangement, DCT gains an unparalleled foothold in the fastest growing economy in the world. We at DCT look forward to this partnership both for the Company and our shareholders."

Each company will share technologies and R&D to ensure that current and future products for each territory are focused on customer needs so as to maximize sales.

"This exclusive bilateral arrangement with a company of DCT's quality is well structured to benefit both parties," said Benny Hsu, Chairman of Microtek. "We look forward to adding DCT's impressive product lineup to our own and deploying them throughout our significant sales channels in Taiwan and China that we have strategically developed over the last 30 years."

About Microtek International

With offices in Taiwan, Shanghai, Wujiang and California, Microtek has been the leader in scanning technologies in China for the past 20 years, holding in excess of 40% market share. Established in 1980, the Company designs, develops and manufactures next generation image capture technologies for both the retail market as well as commercial applications in the medical, biotech and industrial sectors. Microtek has 161 patents worldwide with over 500 employees and is responsible for many industry milestones, including developing the world's first 300-dpi black and white sheet-fed scanner more than 25 years ago. Microtek's products are sold in more than 1500 locations in China and supported by 90 service centers. The Company is also recognized as one of the top global scanner brands.

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 multiple distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including Brother, Burroughs Payment Systems, Digital Check, NCR and Qualcomm.

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

    Microtek International, Inc.
    Benny Hsu
    CEO
    886-3-577-2155
    Email Contact