% | $
Quotes you view appear here for quick access.

Document Security Systems, Inc. Message Board

  • financesajeed financesajeed Mar 8, 2013 12:47 PM Flag

    DSS: Towards Business Combination

    Business combination between Document Security Systems, Inc. (DSS) and Lexington Technology Group, Inc. (“Lexington”) is going to be finalized. Today, we may discuss the possible effect of this merger. We know that Document Security Systems, Inc. is a leader in anti-counterfeit, authentication, and mass–serialization technologies, and Lexington Technology Group, Inc. is a privately-owned company that owns and manages intellectual property assets. When merger will be completed, the combined company will continue to be known as Document Security Systems, Inc. The company will be led by current Lexington Technology Group CEO, Will Rosellini. Mr. Rosellni will replace DSS present CEO Mr. Patrick White. Let us review how both DSS and Lexington will be benefitted from this merger. According to DSS Chairman Robert Fagensons, “the strategic combination with Lexington Technology Group will enable DSS to substantially increase its intellectual property portfolio, add significant talent with a proven record in technological innovation, and be positioned to enhance its revenue through the monetization of the combined company's intellectual property assets. The combination of DSS and Lexington will yield a company with both a wealth of intellectual property and industrial assets that we believe can generate revenues from commercial application of these and other technologies. The broadened management team has the depth and experience needed to capitalize on the patent portfolio and a balance sheet with significantly increased working capital to operate the company. We trust our shareholders will share our enthusiasm for the prospects for the combined company going forward.” Both DSS and Lexington Board expect a synergic effect as well as benefit from this merger. We know that when synergic effects taken place, a chemistry of common benefit or privilege occurred to give more benefit than earlier. We expect that the new DSS will perform better to show expected operating result fr

0.1999+0.0199(+11.06%)Aug 3 4:00 PMEDT