SOURCE: Document Capture Technologies

Document Capture Technologies

March 14, 2011 12:44 ET

Document Capture to Host Fourth Quarter Earnings Call: March 16, 2011

Management Discussion to Include Q4/Year End 2010 Results and 2011 Outlook

SANTA CLARA, CA--(Marketwire - March 14, 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 will release fourth quarter and year-end 2010 earnings on Wednesday, March 16th, 2011 at 4:30 PM Eastern. The Company will release its 10-KSB for the period earlier the same day.

CEO David P. Clark will host and speak on the conference call with in-depth comments by Craig Weber, President of Document Capture. Chief Financial Officer Carolyn Ellis will provide details and analysis of the Q4/year end results.

"We believe that the initiatives started in 2010 are just the beginning of what will be a transformational 2011 for the Company as we continue to source and act upon multiple compelling revenue and growth opportunities," said David P. Clark, Chief Executive Officer of Document Capture. "I am confident that the depth of experience and focused expertise of our management team will continue to deliver exceptional value to our shareholders. We look forward to discussing our 2010 results as well as answering investors' questions regarding our progress and the Company's business outlook for 2011 and beyond."

Third Quarter Earnings Recap:

For the third quarter 2010 sales of $3.5 million represented an increase of 19% over the same period 2009. For the first nine months of 2010, sales were $10.3 million, an increase of 28% over 2009. EBITDA increased to $690,000 versus a loss of $6,000 for the same period 2009. Cash on hand increased to $3.9 million at September 30, 2010. Working capital strengthened to $6.4 million compared to $3.0 million in Q2 2010 and $2.1 million for Q3 2009.

Conference Call Details

Interested participants should register for the call 10 minutes prior to 4:30 pm Eastern on Wednesday, March 16th, 2011 by dialing 877-407-8035 when calling within the United States or 201-689-8035 when calling internationally.

Following the call there will be an open question and answer session with the participants.

There will be a playback available until March 30th, 2011. To listen to the playback dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally and use Account number: 286, in conjunction with replay ID number: 369047.

This conference call is also available via webcast and can be accessed by clicking here.

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

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