SOURCE: Document Capture Technologies

Document Capture Technologies

September 06, 2011 09:00 ET

DCT Secures Mr. Martin Boliek as Chief Technology Officer

Technology Innovator and Entrepreneur Holds More Than 50 Patents

SANTA CLARA, CA--(Marketwire - Sep 6, 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 the hiring and appointment of Martin Boliek as Chief Technology Officer. In addition to an MSc in Electrical Engineering From UC Davis, Martin also holds an MBA from the University of San Francisco.

As the holder of more than 50 technology patents, Martin brings extensive knowledge within the hardware engineering, imaging and document processing disciplines. He was the driving force behind JPEG 2000 still image compression family of standards, and the editor of Parts 1 and 2.

Martin has worked with large, medium and startup companies, recently as Program Manager with Ricoh Innovations. He has also worked as a consultant focusing on SaaS (Software as a Service) applications and integration, which will have direct benefits for DCT's products and innovative R&D. SaaS and cloud technology partnerships are becoming an important constituent of the Company's growing revenue base.

"With the priority DCT has placed on product innovation and development, Martin is an extremely valuable addition to DCT's senior management," said David P. Clark, Chief Executive Officer of Document Capture. "He has that rare combination of impressive technology skills, the ability to apply them to product development and bring them to bear in a way that will undoubtedly enhance DCT's already significant reputation for customer-centric solutions."

DCT has put in place several substantial orders in the first six months of 2011 including the largest in the Company's history; supplying multiple thousands of units of three distinct retail products for an existing Fortune 500 OEM client, which will ship in Q3. As well, an exclusive bilateral sales partnership was established with China-based Microtek, the oldest and largest image capture technology company in Asia and one of the four most recognizable brands in North America. Each company has the exclusive rights to market the other's products in their key markets.

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