SOURCE: DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc.

February 24, 2010 11:43 ET

"When the World is Digging for Gold Sell Picks and Shovels" -- DecisionPoint Focus of Investment Article by IC Places

Article States DecisionPoint Is "Best in Class in an Industry With a List of Companies Jockeying for Position" and "This Management Team Has Done It Before... and They Appear to Have Their Eyes on the Prize for Quickly Becoming the Dominant Player in Their Market"

FOOTHILL RANCH, CA--(Marketwire - February 24, 2010) -  DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading enterprise mobility solutions provider, today announced that IC Places, Inc. (www.icplaces.com) (OTCBB: ICPA) published an article highlighting DecisionPoint titled, "When the World is Digging for Gold Sell Picks and Shovels." The article is available online at: http://www.icplaces.com/include/icstory.asp?storyuid=samblis22337&cat=Business&citysite=National

In the article, author Steven Samblis sums up how global logistics and mobility are today's gold and DecisionPoint, as a leading provider of enterprise mobility solutions, is the provider of picks and shovels to a rapidly expanding market.

Samblis states, "My Dad would mumble that one under his breath. He used it as an epilogue to his stories when telling me about the stock market... During the gold rush of 1848, the people that made the real money were not the miners. It was the stores selling the picks and shovels to the miners... DecisionPoint is a strong example of the 'picks and shovels' concept."

The article further details, "Company CEO Nicholas Toms took Peak Technologies from $5 million in annual revenues to $300 million. Completing 26 acquisitions, the company's IPO share price of $8 was dwarfed by its later sale at $18 per share... DecisionPoint's current market cap of $12 million is trading at a fraction of the $121 million market cap justified by the median multiplier of 2.27x revenues, where its publicly traded comps are valued."

"Samblis truly understands the value that DecisionPoint products and services deliver to global firms across numerous verticals. The traction we've attained in the market is evidenced in our project pipeline which is quickly approaching $100 million," stated DecisionPoint CEO Nicholas Toms. "Our goal is to become the dominant player in a $30 billion industry."

About IC Places
IC Places owns and operates 350 U.S. city websites offering virtual keyhole views of the social, business, and cultural life in each city. Conversation in each city is fueled by a mixture of National, Regional and Local Journalists, including: Chris Knipp, John Stossel, Chuck Norris, Pat Buchanan and Margo Howard -- Niece of beloved advice columnist Dear Abby. The company is publicly traded on the OTCBB Symbol ICPA.

About DecisionPoint Systems
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.

For more information on DecisionPoint Systems visit www.decisionpt.com/news

Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • Contact:
    Laurel Moody
    Corporate Profile, LLC
    646 810 0608