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Earnings should be out soon. Guidance for rest of the year may be strong because of the recently announced big order to a financial insitution. Let's see what happens. Bought some at .30cents today. Looking to buy more in low 20's.
I don't need to post anymore. If you do your own DD, you'll find out how much this company continues on the right track.
My inside contact says Q3 is going to be amazing. I will be quietly accumulating till then...
Good luck to everyone invested!
I then checked the transfer agent and they confirmed that there still is only 50 million authorized shares, so please ignore my last post.
I'm so glad they just hired a marketing agent.
www.otcmarkets.com/stock/DCMT/news
Maybe now they can get this stock to move.
I feel an echo in the air. To quote Pink Floyd "Is there anybody out there?"
I checked the otcbb today and noticed that the authorized shares for DCT are not available anymore. Does anyone have any thoughts on why?
[t]Nice PR today.
Per my records, the float is now 7,063,756
Working capital $4.8 million
Line of credit of 1.7 million
And...NO DEBT!
Yes. Great Post. Needs to be stickyd.
Per the latest 10-K, there are 20,479,077 shares outstanding.
"The aggregate market value of the issuer’s voting and non-voting common equity held by non-affiliates is (10,032,756 shares)" Am I right by saying this was the float?
This was as of June 30, 2010. Since then, the company bought back and canceled the following:
528,600 in October 2010
973,495 in November 2010
730,000 in December 2010
2,232,095
This would leave 7,800,661 as tradable shares.
+ they still have $303,000 in their budget to buy more. The average buy back price has been 71-72 cents per share.
What are we doing here hanging out in the 40's? I can't believe more people aren't gobbling up shares in this price range.
Also, the company "could" give us a dividend of .01 per share, but they choose to invest it back in the company instead.
I wish more people were aware of this little gem of a stinky pinky...
And the more shares NCR buys, the more Docucap has to cancel in order to avoid a takeover.
I wonder if NCR bought a huge amount of shares because Docucap isn't ready to or refuses to sell to them?
I can't wait to see the 10-K at the end of March. I think that's when this puppy will see some light.
NCR is doing really well right now and DCMT is a huge supplier.
ya I said 10M, figured it was around there.
Float is 10.6 million per yahoo
[url][/url][tag]http://finance.yahoo.com/q/ks?s=DCMT.OB+Key+Statistics[/tag]
Not bad at all!
I purchased my last 2,700 @ .45 cents. (holding 10,000 now) I really hope this is the bottom...
I knew it, I knew it, I knew it...
Pinksheets posted a market value of $10 million in change which reflects the buy @ .461 yesterday. (based on the market value)
Why is it that I always know what the market value will be the next day based on the closing the day before?
I'll call it next time. I'm now confident enough to have done my DD and have seen the pattern for weeks.
?(question) MM's playing?
I wonder at what point NCR will execute there option for another $4million?
I wonder at what point NCR will execute there option for another $4million?
Thanks for the input. ya that sounds about right.
The outstanding shares were 23,267,274 as of 8/11. Per the conference call they, docucap, bought and retired a little less than 1,700,000 shares in the open market.
Since the outstanding shares are now 21,770,276, I would think the float is now approx 11.5 million.
The potential growth of this company is enormous. Being able to access NCR's client data base, hiring a VP of sales, and opening a NY office, I think we'll see some nice returns within a few months.
Good luck to you.
What are you thinking maybe 10M?
I know Investorshub states that, but with the cancellation of shares docucap bought, I think it's lower. When I contacted the transfer agent, they said they couldn't release that info because it wasn't publicly posted.
The float is 13,039,603.
Strong 2011 expected.
"As a result of initiatives commenced last year, 2011 will undoubtedly be a major growth year for the Company," stated David P. Clark, Chief Executive Officer of Document Capture. "Jacques brings exactly the kind of experience, expertise and leadership to ensure that our exceptional quarterly and annual sales growth seen in 2010 will be significantly expanded upon into 2011 and beyond."
Source:
http://finance.yahoo.com/news/Document-Capture-Names-iw-3578917072.html?x=0&.v=1
XXStockWatcherxx and Captain, DCMT is back to the dreaded 40's and 30's. Need to spread info on MITK board. Atleast get other potential investors interested. MITK was trading at these prices and is now at 6$. MITK is a RDC company like DCMT.
Murphy Analytics report:
http://www.murphyanalytics.com/uploads/DCMT_Update_8-18-10
DCMT is thinly followed. It needs to be discussed on MITK board to increase awareness. MITK is a RDC company like DCMT that has soared this year.
I agree with you, this is a solid company. They have a far undervalued pps. On fundamentals alone I think DCMT should be trading around $2.
Nice to see NCR now has about 1/3 of the outstanding shares. The float, although unknown, has to be really low.
www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7600797
Based on the company's reporting status, does anyone agree with me that we may be looking at a NASDAQ company soon?
FYI, the T/A will not release the float; it's not public knowledge. I'm trying to get it privately. If anyone gets it before I do, can you please post it?
Thanks in advance.
NCR also has a agreement with DCMT to invest an additional $4 million, its safe to assume NCR see's DocuCap as a solid company with long-term potential.
Great excerpt from an article re: DCMT and pps !!!
Murphy Analytics
"While increasing revenue at this rate is a challenge for any company, DCMT was delivering significant revenue growth prior to the global economic crisis.... MA believes it is reasonable to expect that DCMT revenue will double within the next 1 - 2 years, potentially delivering $0.10 per share in earnings. Utilizing the roughly 20x price / earnings multiple derived from relevant ETF's discussed later in the report, this translates into a share price of $2.00 per share for DCMT."
http://www.highbeam.com/doc/1G1-234943354.html
I'm feeling that after the new year we are going to see DCMT over the $1 mark.
Murphy Analytics says DCMT way undervalued at .70 pps
Top global tech leader NCR purchases $4 million worth of stock in DCMT !!
The conference call is a little lengthy, but worth listening to.
Here is some DD I've found on the company, as well as some highlights from the conference call.
Market Value: $16,054,419 a/o Nov 15, 2010
Shares Outstanding: 23,267,274 a/o Aug 11, 2010
Since then, DCMT has bought back a little less than 1,700,000 shares "so far".
NYSE: NCR, a large reseller of Docucap products, purchased $4,000,000 in DCMT’s shares and has the right to purchase more within, I think it was the next 18 months.
DCMT has the right to use NCR’s sales force which consists of 3,000 sales employees.
Profits up 28% compared to the first 3 quarters from last year and currently have about $6,000,000 in cash.
With only 4 board marks, I don't know how quickly this stock is going to soar, but the conference call also stated that NCR bought their shares at $1.04, so I think we got in at a very good time.
I haven't had a chance to call the T/A yet, does anyone know what the float is?
Conference Call Details:
Interested participants should register for the call 10 minutes prior to 4:30 pm Eastern Standard Time on November 15th, 2010 by dialing 877-407-8035 when calling within the United States, or 201-689-8035 when calling internationally.
Following the call, there will be an open question and answer session with the participants.
There will be a playback available until February 16, 2011. To listen to the playback, dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally. Use account number: 286, in conjunction with replay ID number: 360819.
Captain, Please tell me about the conference call as I unable to phone in. Also I am very excited to see Q3 earnings! Im expecting very positive results.
Hiring new employees is definitely a positive sign.
With a long track record and double digit growth in this economy, This is a very successful company.
I'm looking for a solid earnings report on Monday and the conference call should be informative.
DCMT names new COO, "Mr. Weber brings over 25 years of high level business leadership and corporate legal experience to DCMT" Look for explosive growth in the near future.
I'm looking forward in taking a look at the earnings on Monday.
I've been hearing a lot of news lately about DCMT and other traders that we are going to this stock move this week.
This thing is ready to RUN>>>>> Its been doing volume, and they were at the banking expo in Vegas!
Wow great statisics. We are going to leg up soon. Perfect initial entry point, will not last. Get on board now!!
I stand behind DCMT, real company, real people, real products period.
$4,000,000.00 equity raise! revenues up 34% first half of 2010! I was contacted about this by mystockwiz, its got strong marketing plan! Revenue increase, volume, marketing, and a positive equity Investment from a national company and a $2,500,000.00 stock buy back... its all i need to know! imo this thing is poised to run
I just signed up for their press release. They have a lot of great companies on there that have done very well for me.
i found out about it on mystockwiz.com
Where did you guys initially hear about this stock?
Thank you Captain. Looking forward for the next big PR. I'm hanging in there.
It's natural to assume that Mr.Clark has some idea how his latest and greatest product DocketPORT(R) 540 ID Security Scanner was recevied at the expo.
DCMT has been consistanly rolling out a nice product line.
I'm anxious to see the next marketwire. I would love to see some type of pre-orders.
I would like to quote part of the previous news release.
"DCMT's executive team will be in attendance to meet with US and international attendees and partners to discuss how the 540 as well as our other industry leading products will deliver significant cost efficiencies and increased revenues."
Of particular interest to the attendees will be the latest developments in Remote Deposit Capture (RDC) applications. Both DCMT and its partners are technology leaders in the space, developing innovative products and applications, which reduce the processing cost of deposits and related transaction costs. RDC has become a key component in delivering improved customer security, satisfaction and retention. DCMT's proprietary technologies allow partners and clients within the financial sector to customize RDC solutions, realizing improved customer service that delivers ongoing revenue growth".
Solid earnings and consistent growth.
Best Regards,
Captain
Ive done my DD on this company. Going to be in the $1 range soon.
On track for another stellar week
DCMT offers great products for niche market
Much needed exposure going to be coming from BAI expo
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DCMT.OB Document Capture Technologies, Inc.
Authorized Shares: 50,000,000
Outstanding Shares: 18,444,000
Tradeable Float: unknown
Website: http://www.docucap.com/
Contact info:
[img]stockcharts.com/c-sc/sc?s=dcmt&p=d&b=5&g=0&id=p60038826262[/img]
Company Overview
Document Capture Technologies, Inc. (DCMT) is a world-wide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture solutions. DCT provides more than 20 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VAR's and other system integrators, such as CardScan, Visioneer, and Pentax. DCT has approximately 45 key accounts, predominantly in North America and an intellectual property (IP) portfolio that includes four key underlying patents with an additional patent pending. DCT maintains an aggressive IP strategy to defend its technology and market leadership position.
DCT, formerly Sysview Technology (SYVT), has been involved in the secure imaging market for over seven years. Since that time DCT has steadily grown its business (37% three-year organic CAGR) based on document capture-verification in the health care, law enforcement, insurance, financial, banking and compliance vertical markets. Its vertical integration and innovative proprietary system development kits allow for a broad range of applications, faster time-to-market and ease of integration for its customers.
DCT's commitment to R&D and product innovation has resulted in the ability to continue to provide demand-driven products on the forefront of the paper-to-digital revolution. With the proliferation of paper-to-digital green initiatives, high security demands, and accelerated financial transactions (a la Check 21) legislation), the demand for innovative ways to digitally capture, authenticate, store, share, and manage information is clear and DCT is well-positioned for continued future growth. DCT enjoys extensive product life cycles of 18-36 months, which management believes is a competitive advantage.
Product Profile
Sysview Technology, Inc. was founded in Silicon Valley in 1995 and has evolved from its core mobile image scanning business, which is both profitable on an EBITDA basis and is expected to continue growing in excess of 30 percent annually. This business designs and manufactures portable USB powered scanners for use in the corporate/enterprise and small office/home-office markets. The technology behind these scanning solutions is protected by a growing, patent-protected intellectual property portfolio.
As the market leader in mobile image scanning devices, the company distributes 20-plus products through a global network of OEMs, system integrators, and value-added resellers. Seven new products are expected to be introduced within the next year. For the past two and a half years the Company has leveraged its scanning technology and manufacturing acumen in the development of innovative solutions for the High Definition display market. The transition started with the recognition that the Company's experience in sequentially managing Red Green & Blue LED output to recreate color images could be beneficial to the LCD HDTV market. This led to the development of an LED backlighting solution for LCD panels which it expects to debut in late 2007.
During the pursuit of viable technologies to supply the ever increasing demand for low cost, high performance HDTV solutions, the company recognized the potential of Liquid Crystal On Silicon (LCOS) projection-microdisplays as a superior alternative to the competing technology, DLP. Having been around for several years, LCOS technology showed promise, but high costs reduced its viability as a consumer product. The Company recognized that the market push towards true 1080p resolution, along with the success of Sony's SXRD version of LCOS, could in fact be a new beginning for LCOS. Toward this objective, Sysview acquired Nanodisplay, Inc., a microdisplay imager company founded by Dr. Gehong Kim one of the pioneering engineers of LCOS imager technology. With Nanodisplay's proprietary high yield, low cost chip design and back-end process in hand, the company recognized the importance of a vertical business strategy that depends on the integration of the imager into a high performance, low manufacturing cost Optical Engine (OE) to project the image.
Current OE design is both complicated and costly to manufacture. To be successful, the strategy requires advancing the art in LCOS engines. Enter Next Wave Optics, Inc. founder George Mihalakis, developer of the current standard CQ3 engine design and more recently, a lower cost next generation OE. Sysview Technology Inc. entered into an exclusive licensing agreement with NWO, purchased its assets and hired its key talent, making Mr. Mihalakis Sysview’s CTO of HDTV. With vertical integration of the key proprietary LCOS components combined with the next generation approach, the Company expects to have pre-production unit’s available for late 2006 customer review. After a successful capital raise in June 2005, the company delivered on and greatly exceeded its projections for the core image scanning business over the following 12 months.
The scanning business is operating at full capacity and has met higher than forecast demand and required additional capital to meet a clearly accelerating market growth curve. These products generate in excess of 15% EBITDA, and it is this cash flow and generation that has been funding advancements and growth in the display business. This lead to an additional capital raise in August 2006 which serves two masters: directly benefiting the expanding scanning products which delivers operating profit to fund the HDTV display products. The Company will from time to time asses its capital requirements and may decide to seek additional capital in the future.
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PRESS - Mobile Scanning Technology
Long Island Business Journal (Laura Glasser)
In the race for new money, banks go mobile
Lisa Mirabile was fed up with her Washington Mutual business account.
The Internet banking service was 24 hours behind and checks over $20,000 were put on hold for up to 10 business days. The bank's branches were only open until 6 p.m., so Mirabile had to leave the Plainview office of her marketing firm Vertigo New York during the day to make deposits.
“As a small business it was totally killing us,” she said.
Without hesitation, Mirabile closed out her WaMu account last year and put all her funds into then Commerce Bank.
Now the 37-year-old is considering another move from what is now TD Bank, so her business can take advantage of remote deposit capture, which allows companies to deposit checks from their desks via an in-office scanner.
“It's a pain in the neck to switch, but my accounting department is researching other banks so we can do the wire transfer,” she said.
Mirabile is not alone. Like many in the under-40 crowd, she’s looking for the latest in technology, but won't put up with hassles or headaches from her bank.
And banks are finding it challenging to attract and keep this younger crowd, which will drop them at the first sign of a problem.
“They have no compunction about changing banks if they don't get what they want,” said Carmen Effron, president of bank consulting firm C.F. Effron & Co. in Connecticut. “Baby boomers will give you a few chances.”
Branch-free banking
Banks will find it a challenge to retain those in their 20s and 30s, as this group requires seamless Internet banking and bill-paying systems, she said.
Since these consumers rarely enters a branch, even when making deposits – which they most often do through an ATM – a bank’s Web site is their main point of contact with the bank, so it has to be top notch. That means no delays, glitches or anything that would hinder a quick transaction, Effron said.
Most banks have offered Internet banking for years, but given the younger set’s widespread use of personal digital assistants – iPhones, Blackberrys and other Internet-capable cell phones – banks are now switching online applications to phone-accessible sites.
While banking over a cell phone entices the technology generation, mobile banking is also beneficial for institutions, according to Kirk Kordeleski, chief executive of Bethpage Federal Credit Union.
The credit union has seen a 30 percent jump in the use of mobile banking services, and along with it, a dramatic drop in bounced checks, Kordeleski said.
“These people are accessing their accounts on a daily basis,” he added.
In addition to mobile banking, JPMorgan Chase has converted its online banking site for use on the iPhone and iPod Touch, in an attempt to draw young customers with the prospect of managing their money while listening to their favorite tunes, said Mike Fusco, a spokesperson for the bank.
Chase also offers account updates through text messages, a particular favorite of the young crowd, he said.
Savvy consumers
Apart from all things tech, young people want to get the most out of their money, and, thanks to the Internet, they know where to go to get the best interest rates on accounts, said Stuart Lubow, chief executive of Great Neck-based Community National Bank.
His bank offers Power Checking, a checking account that pays almost 3 percent interest, according to its Web site, to draw the younger set.
“People in that age group are not looking to buy certificates of deposit as much because they want liquidity and want the ability to tap that money,” Lubow said, adding high-interest checking accounts can get customers the rates of a CD with the liquidity of a checking account.
Rhode Island-based Citizens Bank, located in Stop & Shop supermarkets on Long Island, has a checking program called GreenSense, which pays customers when they pay bills online and use their debit card, two services used primarily by younger generations.
David Ciolfi, the bank’s regional manager for Long Island, said the account is also totally paperless, with e-mail statements and no paper checks, paying customers 10 cents for each debit card use and online bill payment.
Ciolfi added customers can get up to $120 per year in payments through the program.
Business banking behaves differently
But when it comes to business customers, banks don’t necessarily tailor business products to any particular age group.
Although local banks like State Bank of Long Island and Gold Coast Bank said their products and services are geared toward businesses in general, regardless of the owner’s age, one product that has taken hold with younger business owners is remote deposit capture. This technology allows employees to scan checks at their desks as opposed to going to the bank to make a deposit.
“Younger generation business owners just expect you to have these types of services available,” said Michael Carlton, chief technology officer for Herald National Bank, which has branches in Manhattan, Melville and Brooklyn.
Lubow said some baby boomer business owners have been resistant to use in-office check scanners because they’re so used to going to the bank to make deposits.
“It’s not necessarily age related, but there has to be some level of comfort with technology to use that,” he said.
Lubow added that as the new generation takes over the management of companies, remote deposit capture will eventually be universally used.
Effron said banks will have to work harder and more creatively to attract and retain the upcoming generation of customers, which is now below or at the age to begin banking.
Bethpage is trying to grab the next-generation customers before they even turn 18 years old, the normal age consumers can start opening bank accounts.
The credit union allows kids as young as 15 years old to open checking accounts and get debit cards without requiring any kind of parental oversight.
Kordeleski said the risks associated with 15 year olds are the same as 18 year olds, and it’s worth it to capture the younger market.
“Accessing young accounts is challenging, but it’s critical because they’re our potential members going forward,” he said.
The days of a free toaster with your checking account may be gone, but Effron said young people would appreciate cell phone minutes or iTunes gift certificates in exchange for opening an account.
“You could create a savings account that also has a blog associated with it where you go and enter a contest,” she said. “I think that’s something that would get their attention.”
Recent DCMT News:
January 18 - Document Capture Engages New Accounting Firm
Company Cites Anticipated Growth as a Reason for Engagement
Document Capture Technologies, Inc. (OTCBB:DCMT), an IP driven worldwide leader in the design, development, manufacture and sale of USB-powered mobile page-fed document scanners for OEM’s, VAR’s and system integrators, today announced the engagement of Hein & Associates LLP as the Company’s new independent accountants.
The Board of Directors unanimously approved the appointment. Hein & Associates is an accounting and consulting firm that assists clients with SEC regulatory filings, tax compliance, auditing, and accounting.
“With the anticipated growth of DCT, we believe that Hein & Associates is the best firm to assist us as we manage our corporate expansion,” said David Clark, Chief Executive Officer. “As regulatory and accounting requirements become more complex, we believe Hein & Associates exhibits the knowledge and expertise to assist the Company in key areas. We look forward to working with Hein and utilizing their valuable counsel for the benefit of the Company and our shareholders.”
Document Capture made impressive corporate progress in 2008; laying the groundwork for realizing outstanding growth in 2009. The Company expects to add significant OEM contract wins over the next year as well as expanding its product line and industry leading IP portfolio.
About Document Capture Technologies
Document Capture Technologies (DCT) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture solutions. Its vertical integration and innovative proprietary system development kits allow for a broad range of applications, faster time-to-market and ease of integration for its customers.
DCT has more than 45 key accounts, predominantly in North America and a growing intellectual property (IP) portfolio that currently numbers more than 25 granted domestic and international patents as well as 3 pending. DCT maintains an aggressive IP strategy to defend its technology and market leadership position.
DCT provides more than 30 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VAR’s and other system integrators, including Qualcomm and Brother.
DCT has steadily grown its business (37% three-year organic CAGR) in the health care, security, financial and compliance vertical markets. The company and its licensees currently enjoy greater than a 70% share of the USB-powered mobile scanner market.
Document Capture Technologies
1798 Technology Drive Ste.178
SanJose, California 95110, USA
Tel: +1-408-436-9888
Fax: +1-408-436-6151
Tech Support: +1-408-436-6152
support@docucap.com
sales@docucap.com
Website: http://www.docucap.com/
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