Document Security Systems Updates Suit Against Coupons.com
First Hearing Scheduled to be Held in U. S. Federal Court on October 9, 2012
ROCHESTER, N.Y., April 17, 2012 /PRNewswire via COMTEX/ -- Document Security
Systems, Inc. (DSS), a leading developer and integrator of cloud computing data
security and security printing technologies which prevent counterfeiting and
brand fraud, reported today that its suit against Coupons.com has its first U.S.
Federal court hearing scheduled for October 9, 2012.
In October 2011, DSS filed a law suit against Coupons.com alleging that
Coupons.com misappropriated DSS trade secrets and breached confidentiality
agreements with DSS. The suit involves DSS's proprietary digital copy protection
technology; DSS contends that this technology has been utilized by Coupons.com on
billions of internet generated coupons since 2006.
According to the Coupons.com Incorporated website - Coupons.com is the leader in
digital coupons, including online printable, social, mobile and loyalty card
promotions. Coupons.com and its digital coupons network is the largest provider
of digital coupons.
DSS CEO Patrick White stated, "It is our contention that Coupons.com has utilized
a copy protection technology which DSS provided to them for review under a strict
non-disclosure agreement. Our research indicates that Coupons.com has printed
this particular technology on billions of internet generated coupons since 2006."
About DSS (Document Security Systems, Inc.):
DSS provides counterfeit prevention and comprehensive brand and digital
information protection solutions to corporations, governments, and financial
institutions around the world. DSS develops and manufactures products and
services containing patented and patent pending optical deterrent technologies
that help prevent counterfeiting and brand fraud from the use of the most
advanced scanners and copiers in the market. DSS's customized solutions are
designed to protect against product diversion, counterfeit, and other costly and
damaging events. In addition, The Company owns numerous patented and
patent-pending technologies and products.
For more information on DSS and its subsidiaries, please visit DSSsecure.com.
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For more information:
Investor Relations:Nicole Acton585-325-3610Email: ir@documentsecurity.com
Safe Harbor Statement
The statements contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934,
as amended, and are intended to be covered by the safe harbors created thereby.
These forward-looking statements include, but are not limited to, statements
regarding expectations for future financial performance, potential sales from new
and existing customers, expected benefits from the Company's cost cutting efforts
and/or statements preceded by, followed by or that include the words "believes,"
"could," "expects," "anticipates," "estimates," "intends," "plans," "projects,"
"seeks," or similar expressions, all of which involve uncertainty and risk. Many
of these risks and uncertainties are discussed in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities
and Exchange Commission (the "SEC"), and in any subsequent reports filed with the
SEC, all of which are available at the SEC's website at sec.gov. It is
possible the company's future financial performance may differ from expectations
due to a variety of factors including, but not limited to, the risks referred to
above, and changes in economic and business conditions in the world, increased
competitive activity, achieving sales levels to fulfill revenue expectations,
consolidation among its competitors and customers, technology advancements,
unexpected costs and charges, adequate funding for plans, changes in interest and
foreign exchange rates, regulatory and other approvals and failure to implement
all plans, for whatever reason. It is not possible to foresee or identify all
such factors. Any forward-looking statements in this report are based on current
conditions; expected future developments and other factors it believes are
appropriate in the circumstances. Prospective investors are cautioned that such
statements are not a guarantee of future performance and actual results or
developments may differ materially from those projected. The company makes no
commitment to update any forward-looking statement included herein, or disclose
any facts, events or circumstances that may affect the accuracy of any
forward-looking statement.
SOURCE Document Security Systems, Inc. |
