Document Capture Technologies, Inc. News
Document Capture Technologies, Inc. Provides Select Financial Guidance for Fiscal 2008
"During the last 90 days, we announced the termination of all research and development efforts related to our high definition LCOS display initiatives and changed our name to more accurately reflect our renewed focus on our core document capture business," said
The Company expects that for full year 2008, revenues from its document capture, or mobile scanning business, will be in the range of
David P. Clark, the company's Chief Investment Officer went on to say, "We have been successful in developing and launching innovative products and solutions that serve a wide range of expanding vertical markets, and as a result have reduced our customer concentration risk in the past year. Our company's robust and expanding product line of market-proven, proprietary document capture solutions for commercial, business and personal use, facilitates the way information is captured, stored, shared and managed in today's digital information age. In fact, we expect the introduction of three additional products to the market in 2008 to continue to drive our growth, as we benefit from the transition from paper documents to 'digital' and 'mobile' formats. We are a re-invigorated company and are clearly focused on the opportunities we see in the expanding document capture marketplace."
Separately,
About Document Capture Technologies, Inc.
Document Capture Technologies, Inc. (OTC Bulletin Board: DCMT), headquartered in
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Document Capture undertakes no obligation to update publicly any forward-looking statements.
Company Contact Document Capture Technologies, Inc. David P. Clark Chief Investment Officer and Director (561) 835-4069 dclark@sysviewtech.com Hayden Communications Peter Seltzberg Investor Relations (646) 415-8972 peter@haydenir.com
SOURCE Document Capture Technologies, Inc.
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