ROCHESTER, N.Y., Sept. 5, 2013 /PRNewswire/ -- Document Security Systems, Inc. (NYSE MKT: DSS), which merged with DSS Technology Management, Inc. (formerly Lexington Technology Group, Inc.) ("DSS TM") on July 1, 2013 and is a leading developer of anti-counterfeiting, anti-fraud and authentication technologies for governments, corporations and financial institutions, today announced the following schedule for the Bascom Research and VirtualAgility patent litigation cases, in effect until further order of the respective courts.
The dates are tentative and subject to change.
Jeff Ronaldi, CEO of DSS stated, "We are pleased that the initial calendar has been established for the VirtualAgility case. We view the Court's change to the Bascom case calendar solely as a scheduling adjustment that should have no impact on the outcome of the case. We remain diligently focused on expertly managing these cases, as well as our other investments, while improving the underlying operations of DSS to drive overall shareholder value."
Bascom Research is a wholly-owned subsidiary of DSS Technology Management. Bascom Research's patents focus on creating solutions for the management of complex and distributed data. In 2012, Bascom Research brought claims for patent infringement against a number of defendants, including Facebook, Inc. and LinkedIn Corp. The case is currently pending in the US District for the Northern District of California.
DSS is an investor in VirtualAgility, Inc., an enterprise software company. VirtualAgility provides a user-configurable platform that allows persons who are not specialists in information technology (IT) to create sophisticated, integrated applications. In 2013, VirtualAgility filed a patent infringement lawsuit against nine defendants. The lawsuit is currently pending in the US District for the Eastern District of Texas.
About DSS (Document Security Systems, Inc.)
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem.
DSS continually invests in technology to meet the ever-changing security needs of its clients and implements these patented solutions through the Company's operating groups.
Effective July 1, 2013, Lexington Technology Group, Inc., now known as DSS Technology Management Group, Inc. ("DSS TM") became a wholly-owned subsidiary of Document Security Systems, Inc. ("DSS" or "Company"). DSS TM provides strategy for DSS's IP portfolio, as well as legal expertise and investment capital for pioneering inventions.
DSS provides counterfeit deterrence and authentication technology coupled with licensing and IP monetization solutions. When implemented, DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications and brand packaging.
For more information on DSS and its subsidiaries, please visit www.DSSsecure.com.
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Document Security Systems
Forward Looking Statements
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes", "anticipates", "expects", "plans", "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, filed with the Securities and Exchange Commission on August 13, 2013. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE Document Security Systems, Inc.