SOURCE: Document Capture Technologies, Inc.

April 15, 2013 16:01 ET

Document Capture Technologies Announces New Leadership Team

Company to Accelerate Deployment of Next Generation Information Management Technologies

SANTA CLARA, CA--(Marketwired - Apr 15, 2013) - Document Capture Technologies, Inc. (DCT) (OTCBB: DCMT), a diversified provider of document capture and information management technologies today announced changes to its management team in a move to accelerate execution of its two-year old strategy to broaden its offerings and expand its target market. For more than ten years, DCT has been a market-leading Original Device Manufacturer (ODM) of mobile scanning devices and has shipped more than 4 million products worldwide.

The new leadership team will be led by industry-veteran Michael Campbell who assumed the roles of President and Chief Executive Officer in January of this year. Karl Etzel was promoted to Chief Marketing Officer and will have responsibilities for strategy, product management, communications, and sales and business development. Previously, Etzel was Director of Product Management and Business Development. Carolyn Ellis will remain Chief Financial Officer and Martin Boliek will remain Chief Technology Officer. Other legacy members of the management team include Pim Blom, Vice President of EMEA Business Development, and John Shih, Vice President of Materials. 

Campbell is a four-time CEO and a seasoned business development and marketing executive who has led several businesses through strategic transitions, turnarounds, growth and exits. Campbell is a decisive executive focused on customer and market engagement. "We are excited to have Michael Campbell navigate our company through this important phase of DCT's evolution," commented Bo Dietl, Chairman of the DCT Board. "DCT has a rich history in this market and a strong nucleus of dedicated employees that will thrive under Michael's leadership."

Commenting on his new role Campbell said, "I'm excited by the challenge to fine-tune the strategy and accelerate DCT's efforts to transform the company from a niche provider of portable scanners to a leader in information management technologies. There is a large, unmet demand for document and information management solutions, particularly in the $50 billion small- and medium-sized business (SMB) IT market. In 2013 we are focused on a three-part strategy to dramatically alter our role in the market and add value to customers, partners and shareholders:

Innovate: The core of our product strategy this year will be a software platform that complements new hardware and application offerings we expect to launch later this quarter. Our new platform will be unmatched in architecture and functionality.

Enable: The legacy of DCT has been to enable OEMs, ISVs and VARs with products that become part of solutions. We embrace this role in the market and will deliver new offerings that provide next-generation tools that allow our customers and partners to create and sustain competitive advantage in their respective markets.

Execute: The size of the market opportunity is matched by the challenge to execute more quickly and effectively. We have taken important steps to align resources, programs and personnel against our business goals and market engagement."

About Document Capture Technologies

Document Capture Technologies (DCT) (OTCBB: DCMT) is a leading provider of document and information management products. Built on a decade-long legacy in the design, manufacture, and sale of USB-powered scanners, DCT will introduce a new generation of business efficiency with both hardware and software platforms.

For additional information, please see DCT's 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 DCT.

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

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