SOURCE: Document Capture Technologies

Document Capture Technologies

November 09, 2010 15:36 ET

Document Capture to Release Third Quarter Earnings: November 15, 2010

Management Conference Call to Discuss Growth Initiatives, Revenues and EBITDA

SAN JOSE, CA--(Marketwire - November 9, 2010) -  Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced that the Company will release third quarter earnings on Monday, November 15th, 2010 at 4:30 PM Eastern. DCMT will release its 10-Q for the period earlier the same day.

During the conference call, the DCMT management team will provide details and analysis of the quarter and provide a business update.

"Q3, as well as year-to-date fiscal 2010, has been extremely compelling for DCMT and its shareholders," said David P. Clark, Chief Executive Officer of DCMT. "We look forward to reporting on our significant progress, as well as discussing and answering investor questions regarding the details and importance of our current and future growth initiatives."

Second Quarter Earnings Recap:

DCMT announced working capital at June 30, 2010 of $3.0 million vs. $1.6 million as of June 30, 2009. DCMT also announced Q2 2010 revenues of $3.3 million vs. $3.0 million for the same period in 2009. The Company posted Q2 2010 EBITDA (earnings before interest, taxes, depreciation and amortization) of $306,000, a 53% improvement from Q2 2009.

Conference Call Details:

Interested participants should register for the call 10 minutes prior to 4:30 pm Eastern Standard Time on November 15th, 2010 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 February 16, 2011. To listen to the playback, dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally. Use account number: 286, in conjunction with replay ID number: 360819.

This conference call is also available via webcast and can be accessed by visiting:
http://www.docucap.com/domain_redirect/financial_results_webcast.html.

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 solutions. 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 Burroughs, NCR, Qualcomm, 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. The common stock has not been registered under the Securities Act or any applicable state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

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. Document Capture Technologies undertakes no obligation to update publicly any forward-looking statements.

Contact Information

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