To: Bouf who wrote (81038 ) 6/29/1999 11:24:00 PM From: Deeber Respond to of 119973
DDSI great news today with IBM...look for .75-$1. DDSI Announces IBM Contract With NYC Transit Authority LANGHORNE, Pa., June 29 /PRNewswire/ -- Garrett U. Cohn, President of Digital Descriptor Systems, Inc. (DDSI) (OTC Bulletin Board: DDSI), a leading manufacturer and marketer of digitized imaging systems for the criminal justice and security markets, has been selected through its business relationship with IBM to provide photo imaging for the Metropolitan Transit Authority Of New York City. "IBM is the prime contractor of this project, which involves new IBM RISC 6000 hardware, Records Management, CAD, imaging and IBM services. The MTA contract with IBM totals approximately $4 million," Cohn continued. This system is due to be installed during the third quarter. It is used mainly for investigative and tracking purposes. As one of IBM's Strategic Partners, DDSI is invited by IBM to bid on contracts worldwide. DDSI has directed its research and development efforts to developing software interfaces enabling the SI-3000 and Compu-Capture(R) Imaging Solutions to integrate with various criminal justice solutions of other IBM Business Partners. "This relationship with IBM is responsible for nearly 50% of our current imaging installs," Cohn stated. DDSI recently joined with IBM and its public safety Business Partners to provide criminal justice software to the United Nations for prosecuting the criminal suspects involved in the atrocities in Bosnia and Rwanda. DDSI's Compu-Capture(R) imaging module is also installed in Shanghai, China and Washington, DC, in IBM's Institute for Electronic Government demonstration centers. In addition to the current criminal justice marketplace, DDSI is introducing its technology into other commercial markets such as financial, access control and the biometric identification industry. Digital Descriptor Systems, Inc., a leading developer and designer of digitized imaging systems is based in Langhorne, Pennsylvania. It is traded on the Nasdaq OTC Bulletin Board under the symbol of DDSI. The Internet website address is www.ddsi-cpc.com. CONTACT: INVESTOR RELATIONS AT 215-752-0963 EXTENSION #3. Except for historical matters contained herein, the matters discussed in the press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions, especially as regarding installation schedules and product mix, and involves risks and uncertainties which may affect Digital Descriptor Systems, Inc.'s business and prospects and cause actual results to differ materially from these forward-looking statements, including sufficient funds to finance working capital and other financing requirements of Digital Descriptor Systems, Inc., market acceptance of the Company's products and competition in the computer industry. SOURCE Digital Descriptor Systems, Inc. -0- 06/29/99 /CONTACT: Garrett Cohn, President of Digital Descriptor Systems, 215-752-0963, Extension 101/ /Web site: ddsi-cpc.com (DDSI) CO: Digital Descriptor Systems, Inc.; Metropolitan Transit Authority Of New York City; IBM ST: Pennsylvania, New York IN: CPR SU: CON