Document Security Systems

DSS, Inc. engages in the development and distribution of paper products designed to protect valuable information from unauthorized scanning, copying, and digital imaging. It operates through the following segments: Product Packaging, Commercial Lending, Biotechnology, Direct Marketing, and Securities and Investment Management. The Product Packaging segment operates in the paper board folding carton, smart packaging, and document security printing markets. The Commercial Lending segment provides commercial loans and on acquiring equity positions in undervalued commercial bank(s), bank holding companies and non-banking licensed financial companies operating in the United States, Southeast Asia, Taiwan, Japan, and South Korea. The Biotechnology segment invests in or acquires companies in the bio-health and biomedical fields, including businesses focused on the advancement of drug discovery and prevention, inhibition, and treatment of neurological, oncological, and immune related diseases. The Direct Marketing segment provides services to assist companies in the emerging growth gig business model of peer-to-peer decentralized sharing marketplaces. The Securities and Investment Management segment develops and/or acquire assets and investments in the securities trading and/or funds management arena and to pursue, among other product and service lines, real estate investment funds, broker dealers and mutual funds management. The company was founded on June 16, 1984 and is headquartered in West Henrietta, NY.

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DSS, Inc. engages in the development and distribution of paper products designed to protect valuable information from unauthorized scanning, copying, and digital imaging. It operates through the following segments: Product Packaging, Commercial Lending, Biotechnology, Direct Marketing, and Securities and Investment Management. The Product Packaging segment operates in the paper board folding carton, smart packaging, and document security printing markets. The Commercial Lending segment provides commercial loans and on acquiring equity positions in undervalued commercial bank(s), bank holding companies and non-banking licensed financial companies operating in the United States, Southeast Asia, Taiwan, Japan, and South Korea. The Biotechnology segment invests in or acquires companies in the bio-health and biomedical fields, including businesses focused on the advancement of drug discovery and prevention, inhibition, and treatment of neurological, oncological, and immune related diseases. The Direct Marketing segment provides services to assist companies in the emerging growth gig business model of peer-to-peer decentralized sharing marketplaces. The Securities and Investment Management segment develops and acquires assets and investments in the securities trading and funds management arena and to pursue, among other product and service lines, real estate investment funds, broker dealers and mutual funds management. The company was founded on June 16, 1984 and is headquartered in West Henrietta, NY.

ROCHESTER, N.Y., Aug.  26, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, announced today an interview with COO Jason Grady will air on The RedChip Money Report television program. The interview will air Sunday, August 30, at 6 p.m. local time on Bloomberg International, available in 100+ million homes across Europe.

DSS Interview to Air on Bloomberg International on the RedChip Money Report

ROCHESTER, N.Y., Aug.  21, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce the closing of the Company’s acquisition of Impact BioMedical.

DSS Completes Impact BioMedical Acquisition

ROCHESTER, N.Y., Aug.  14, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced its financial results for the second quarter ended June 30, 2020.

DSS Announces Second Quarter 2020 Financial Results

ROCHESTER, N.Y., Aug.  11, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce its shareholders voted to approve the Company’s acquisition of Impact BioMedical as outlined in the share exchange agreement (“Transaction”) announced on April 27, 2020, signed by DSS, DSS BioHealth Security, Inc. (a wholly-owned direct subsidiary of DSS), Impact BioMedical Inc. (“Impact BioMedical”) and Global BioMedical Pte. Ltd. (“Global BioMedical”). Global BioMedical, which owns all of the stock of Impact BioMedical, is a 100% owned subsidiary of Singapore eDevelopment Limited (“SeD”) (SGX: 40V).

DSS Announces Shareholder Approval for its Acquisition of Impact Biomedical

ROCHESTER, N.Y., July  31, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) (the “Company”), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that it has completed an underwritten public offering of 453,333 shares of its common stock at a price of $7.50 per share, for gross proceeds to the Company of $3.4 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the proceeds to fund growth of their new business lines, acquisition opportunities, and general corporate and working capital.

Document Security Systems Closes $3.4 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., July  29, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) (the “Company”), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the pricing of an underwritten public offering of 453,333 shares of its common stock at a price of $7.50 per share, for gross proceeds to the Company of $3.4 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the proceeds to fund growth of their new business lines, acquisition opportunities, and general corporate and working capital.

Document Security Systems Prices $3.4 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., July  20, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce the Company’s new AuthentiGuard as a Service (AGaaS) app is now available on The App Store.

DSS Announces its AuthentiGuard as a Service Anti-Counterfeiting App is now Available on The App Store

ROCHESTER, N.Y., July  15, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce an update of its impending acquisition of Impact BioMedical as outlined in the share exchange agreement (“Transaction”)  announced on April 27, 2020, signed by DSS, DSS BioHealth Security, Inc. (a wholly-owned direct subsidiary of DSS), Impact BioMedical Inc. (“Impact BioMedical”) and Global BioMedical Pte. Ltd. (“Global BioMedical”). Global BioMedical, which owns all of the stock of Impact BioMedical, is a 100% owned subsidiary of Singapore eDevelopment Limited (“SeD”) (SGX: 40V).

DSS Announces Update On the Acquisition of Impact Biomedical

ROCHESTER, N.Y., July  13, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced its Premier Packaging Corp. (Premier) subsidiary signed a three-year contract with one of the world’s largest retailers to supply photo mailing envelopes and folding cartons for prints, posters, canvas decors, photo books, passport photos, and business printing. The contract is valued at approximately $6 million per year and may be renewed for a fourth year.

Document Security Systems Announces Multi-Year Contract Valued at $6 Million Per Annum with One of World’s Largest Retailers

ROCHESTER, N.Y., July  10, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) a leader in anti-counterfeit, authentication and diversion protection technologies, today announced the underwriter of its previously announced public offering of 1,028,800 common shares, has exercised its full over-allotment option to purchase an additional 154,320 common shares of the Company. The price to the public in the offering was $6.25 per share and the gross proceeds to the Company from the exercise of the over-allotment option were approximately $964,500 before deducting underwriting discounts and commissions and other estimated offering expenses. The Company intends to use the net proceeds from this offering to fund development and growth of new business lines and acquisition opportunities, general corporate and working capital needs.

Document Security Systems, Inc. Announces Exercise of Full Over-Allotment Option by Underwriter in Public Offering

ROCHESTER, N.Y., July  10, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced Malaysian personal protective equipment (PPE) exporter Crecom Burj Group (CBG) has become an early adopter of the Company’s new AuthentiGuard as a Service (AGaaS) anti-counterfeiting technology.

Global PPE Supplier Becomes Early Adopter of Document Security Systems’ New AuthentiGuard as a Service Anti-Counterfeiting Technology

ROCHESTER, N.Y., July  09, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that its target acquisition Company, Impact Biomedical, published results from its in-vitro testing with Equivir and Linebacker, its proprietary compounds, and 3F Biofragrance against COVID-19 in independent laboratory testing. Impact Biomedical and Global Research and Discovery Group Sciences (GRDG), in independent Biosafety Level 3 containment facilities, challenged its compounds with the SARS-CoV-2 virus. Equivir and Linebacker demonstrated in-vitro success as a treatment, as well as a prophylactic protecting the cells from infection by the virus.

Impact Biomedical Announces Positive Results from  its In-Vitro Testing of Equivir and Linebacker, its Compounds for the Treatment of COVID-19

ROCHESTER, N.Y., July  07, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) (the “Company”), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that it has completed an underwritten public offering of 1,028,800 shares of its common stock at a price of $6.25 per share, for gross proceeds to the Company of $6.43 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the proceeds to fund growth of their new business lines, acquisition opportunities, and general corporate and working capital.

Document Security Systems Closes $6.43 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., July  01, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS) (the “Company”), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced the pricing of an underwritten public offering of 1,028,800 shares of its common stock at a price of $6.25 per share, for gross proceeds to the Company of $6.43 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the proceeds to fund growth of their new business lines, acquisition opportunities, and general corporate and working capital.

Document Security Systems Prices $6.43 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., June  26, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that the underwriter of its previously announced public offering of 769,230 shares of the Company’s common stock, has fully exercised its over-allotment option to purchase an additional 115,384 shares of common stock. The price to the public in the offering was $7.80 per share and the gross proceeds to the Company from the exercise of the over-allotment option were approximately $900,000 before deducting underwriting discounts and commissions and other estimated offering expenses. The Company intends to use the net proceeds from this offering to fund development and growth of new business lines and acquisition opportunities, general corporate and working capital needs, and costs related to the closing of unprofitable business lines and facilities.

Document Security Systems, Inc. Announces Full Exercise of Over-Allotment Option by Underwriter in Public Offering

ROCHESTER, N.Y., June  19, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced that it has completed an underwritten public offering (the “Offering”) with gross proceeds of $6.0 million before deducting underwriting discounts and commissions and other estimated offering expenses. The Offering included 769,230 shares of the Company’s common stock at the public offering price of $7.80 per share. The Company intends to use the net proceeds from this offering to fund development and growth of new business lines and acquisition opportunities, general corporate and working capital needs, and costs related to the closing of unprofitable business lines and facilities.

Document Security Systems, Inc. Closes $6 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., April  27, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, announces the completion of the required independent valuation, allowing the company to proceed with the acquisition of the stock of Impact BioMedical, Inc. (“Impact BioMedical”) through a share exchange agreement as outlined in the term sheet announced on March 12, 2020  (the “Term Sheet”) among DSS, DSS BioHealth Security, Inc., a wholly-owned direct subsidiary of DSS, Impact BioMedical and Global BioMedical Pte. Ltd. (“Global BioMedical”), which owns all of the stock of Impact BioMedical.

Update on Acquisition of Impact Biomedical, Inc.

ROCHESTER, N.Y., April  17, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS or the “Company”) (NYSE American: DSS), a leader in anti-counterfeit, authentication and consumer engagement technologies today announced notice of a change in location of its Special Meeting of Stockholders to be held on Monday, May 4, 2020 at 9:00 a.m. Central Time (the “Special Meeting”). Due to the rapidly evolving public health concerns relating to the coronavirus, or COVID-19, and the closure of the original venue for the Special Meeting, the location of Special Meeting has been changed to 32731 Egypt Lane, Suite 602, Magnolia, Texas  77354.

Document Security Systems, Inc. Announces Location Change of Special Meeting of Stockholders To Be Held On May 4, 2020

ROCHESTER, N.Y., March  16, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS or the “Company”) (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies today announced that on March 3, 2020, together with its wholly owned subsidiary, DSS Securities Inc. (“DSSS”), entered into a binding term sheet (the “Term Sheet”) with LiquidValues Asset Management Ptd Ltd (“LVAM”), AMRE Asset Management Inc. (“AAMI”) and American Medical REIT Inc. (“AMRE”) to enter into a proposed joint venture to establish a U.S. based medical Real Estate Investment Trust.

Document Security Systems, Inc. Enters Proposed Joint Venture to Establish a U.S.

ROCHESTER, N.Y., March  12, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS) (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, today announced that it has entered into a binding term sheet to (“Term Sheet”) acquire Impact Biomedical, Inc. (IMPACT), a company engaged in the development and marketing of biohealth security technologies, in a proposed share exchange transaction with a purchase price capped at $50 million, subject to completion of due diligence and an independent valuation.  According to the terms of the Term Sheet between the parties, DSS will issue up to 14.5 M shares of common stock and a perpetual convertible preferred stock to which DSS will have certain customary rights and requirements, including appointing members of the Board of Directors of IMPACT.  The preferred stock will be convertible at $0.216 per share and have a 19.9% blocker.

Document Security Systems, Inc. Enters into Letter of Intent To Acquire Impact Biomedical, Inc.

ROCHESTER, N.Y., March  09, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS) (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, today announced that its

Document Security Systems, Inc. Showcases its Digital Smart Card Platform at connect:ID Expo

ROCHESTER, N.Y., Feb.  27, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS) (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies and Market Defense, LLC, today announced the launch of the company’s AuthentiGuard® Security Paper to the general market.  The new product is now available on Amazon.com for purchase. 

Document Security Systems, Inc. and Market Defense Launch AuthentiGuard® Security Paper

ROCHESTER, N.Y., Feb.  25, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, today announced that it has completed an underwritten public offering (the “Offering”) with gross proceeds of $4.6 million before deducting underwriting discounts and commissions and other estimated offering expenses. The Offering included 22,222,223 shares of the Company’s common stock, and 3,333,333 additional shares from the exercise of the underwriter’s purchase option to cover over-allotments at the public offering price of $0.18 per share. The Company intends to use the net proceeds from this offering to fund development of new business lines, to upgrade machinery and facilities, to service remaining commitments under the IP monetization business and for strategic growth initiatives. These include possible acquisitions or investments in complementary businesses, products, services, technologies or assets, as well as working capital and general corporate purposes.

Document Security Systems, Inc. Closes $4.6 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y., Feb.  20, 2020  (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, today announced the pricing of an underwritten public offering of 22,222,223 shares of the Company’s common stock at a price of $0.18 per share, with gross proceeds to the Company expected to be approximately $4 million before deducting underwriting discounts and commissions and other estimated offering expenses. The Company intends to use the net proceeds from this offering to fund development of new business lines, to upgrade machinery and facilities, to service remaining commitments under the IP monetization business and for strategic growth initiatives, including possible acquisitions or investments in complementary businesses, products, services, technologies or assets, as well as for working capital and general corporate purposes. Heng Fai Ambrose Chan, the Chairman of the Company’s Board of Directors, purchased $2 million of shares in the offering.

Document Security Systems, Inc. Prices $4 Million Underwritten Public Offering of Common Stock

ROCHESTER, N.Y. and HARLOW, United Kingdom, Nov.  18, 2019  (GLOBE NEWSWIRE) -- Luminescence Sun Chemical Security and DSS (NYSE American: DSS), two leading companies in anti-counterfeit and authentication technologies announced today that they have successfully launched their new Augmented Reality Brand Authentication solution in the Greater China Market on the behalf of Wyeth Nutrition’s infant formula brand, ILLUMA. This engagement with an established leader in the infant formula category marks an important milestone for the collaboration between Luminescence Sun Chemical Security and DSS, whose products and solutions are used by governments, corporations and financial institutions around the world to defeat fraud, to help ensure authenticity and engage the consumer.

Luminescence Sun Chemical Security DSS Partnership Provides Augmented Reality Brand Authentication for Wyeth Nutrition (A Division of Nestle) Consumers

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