SOURCE: Document Capture Technologies

Document Capture Technologies

August 11, 2011 15:11 ET

DCT Secures Largest Order to Date From Global Technology Leader

Three Product Deal Destined for Retail Sector Further Extends DCT's Reach and Exposure

SANTA CLARA, CA--(Marketwire - Aug 11, 2011) - Document Capture Technologies, Inc. (OTCBB: DCMT), a global 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 substantial order from a global technology company for three separate and distinct products to be sold through North American retail sales channels including major office supply chains and electronic specialty retailers.

Today's order announcement, the largest in DCT's history, further expands the Company's relationship with this existing client. Delivery of this purchase order is scheduled for Q4 2011. This client is expected to place further orders and to expand the sale of DCT products globally. DCT expects this and future orders to significantly contribute to the Company's ongoing revenue growth.

The customer, a Fortune 500 constituent, posts more than a billion dollars annually in revenues and is one of the world's premier providers of state-of-the-art imaging products for the home, home office and office.

"As I stated going into 2011, DCT is committed to further expanding established client relationships, sourcing the best new clients and securing significant new orders that markedly extend our rapidly growing exposure throughout domestic and international markets," said David P. Clark, Chief Executive Officer of Document Capture. "This substantial order evidences the successful execution of our aggressive business plan to grow revenues in multiple sectors thereby adding compelling and consistent shareholder value. We anticipate additional significant orders from this client in 2011 and beyond."

In the past quarter, DCT has announced several substantive revenue initiatives including an exclusive three-year distribution pact with China-based Microtek, a world leader in scanning technologies. The agreement names DCT as the sole North American sales agent for Microtek's next generation image capture technologies for both the retail market as well as commercial applications in the medical, biotech and industrial sectors. Microtek is also recognized as one of the top global scanner brands alongside Epson, HP and Canon.

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 categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including Brother, Burroughs, 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