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Been watching DCMT for awhile, great stuff
Yes DCMT is #1 in Hi-Tech, Top Security Mobile Scanning Devices.
Sales* 13.24 Mil
Income* 433,000.00
Sales Growth* -1.00%
Income Growth* +26.40%
Net Profit Margin 3.31%
Revs up 34% this half compared to last year. Looks Great!!!
Captain
Did you know...
"Document Capture Technologies Inc. is the world's largest designer-manufacturer of compact, page-fed scanners."
Looking if anyone has heard additional info on Vegas (BAI) and how the Dockport was received.
DCMT has a lot of positive aspects. Especially the recent buyback inducement.
Document Capture Technologies, Inc. Announces $2.5 Million Stock Repurchase Program
September 14, 2010
Document Capture Technologies, Inc. announced that the Board of Directors has authorized a $2.5 million Share Repurchase Program (the Program) of the Company's common stock. The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions, in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. There is no guarantee as to the exact number of shares that will be repurchased by the Company, and the Company may discontinue purchases at any time that the Board of Directors determines additional purchases are not warranted.
Best Regards
Captain
I agree Caption,
this expo is really going to spotlight DCMT and their DockPort is gonna shine. Go DCMT !!
I think they should make a huge splash at the expo with this latest product.
The banking industry is there core market and the BAI expo is the largest of it's kind in the world.
This company is already a winner and I love to be on the winning team.
Captain
The DockPort 540 is incredible. I see a lot of potential with this company.
Greetings,
I recently started following this company and I would say it does look like it is moving in the right direction.
The fundamentals and technology are definitely solid.
Here is a headline I always like to see.
09/14/10 9:00 AM EDT
Document Capture Board Announces $2.5 Million Stock Repurchase Program -
Lets see and an arsenal of cutting edge products.
Yes DCMT looks good.
Best Regards,
Captain
The good news is that there is no selling pressure...the bad news is that there isn't any buying pressure either. wtf?!
All I can say is that the chart looks amazing. The bollies are tight, the 50dma is camped out right below the pps, and par sar is in range (with a little buying)...I'd prefer to see the rsi a bit lower but, all in all, it looks good.
I think the 50 ma needs to catch up to the pps b4 we take off. Each time it approaches the 50ma it bounces quite well.
popping now. need more buys, more volume!
Document Capture Board Announces $2.5 Million Stock Repurchase Program
Document Capture Tchs (BB) (OTCBB:DCMT)
Intraday Stock Chart
Today : Tuesday 14 September 2010
Click Here for more Document Capture Tchs (BB) Charts.
Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies, today announced that the Board of Directors has authorized a $2.5 million Share Repurchase Program (the "Program") of the Company's common stock.
"The Company's Board of Directors has made this decision to further enhance our ongoing mandate of delivering exceptional shareholder value," said David P. Clark, Chief Executive Officer of Document Capture. "Given the Company's impressive progress to date, recent growth initiatives, the Board believes that the shares at current price levels remain undervalued."
The shares will be purchased from time to time at prevailing market prices, through open market or unsolicited negotiated transactions, depending upon market conditions, in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. There is no guarantee as to the exact number of shares that will be repurchased by the Company, and the Company may discontinue purchases at any time that the Board of Directors determines additional purchases are not warranted. The Company currently has working capital of approximately $6.8 million.
Document Capture's patented technology provides high quality images at extremely low power consumption levels in a compact package. DCT also provides a comprehensive suite of proprietary software development tools that support and facilitate the accelerated integration of their document capture products with new and existing applications. These products are simple to use and interface with any computing device where there is need for a small footprint, lightweight scanner. DCT's standard software supports drivers for Windows7/Vista/XP, Windows CE, Linux and MAC OS's.
About Document Capture Technologies
Document Capture Technologies (OTCBB: DCMT) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms. DCMT provides more than 30 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including NCR, Qualcomm, Burroughs and Brother.
For additional information, please see Document Capture Technologies' corporate website: www.docucap.com.
the run started w the bounce yesterday and we're steadily rising...all we need is a spark and this puppy's gonna run like a banshee.
strong company, level 2's look great, time to buy, everything is lined up for a big run
Lot of new money floating into this one, the past couple of weeks. Could be ready IMO
Wow, what's making this puppy suddenly run? No major news on their website.
I like the technology but it doesn't look like they have any special IP; seems like anyone could make these USB scanning devices.
The number of shares of Common Stock outstanding as of August 12, 2009 was 18,468,770.
Document Capture Files 8-K Providing First Quarter 2009 Earnings Call Transcript
CEO David P. Clark Discusses Financial Results, Latest Contracts, and Growth for 2009 and Beyond
May 28, 2009 9:01:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced the availability of the transcript of its First Quarter 2009 Earnings Conference Call, held on May 19th.
Document Capture's CEO, David P. Clark, conducted a wide ranging conference call discussing the Company's major agreements, financial highlights for the first quarter, as well as growth for 2009 and beyond. Also on the call was Carolyn Ellis, DCT's CFO, who discussed Document Capture's financial results in more detail.
During the conference call, Mr. Clark states:
"There is no shortage of opportunities in the marketplace for applications and integration of our mobile light-weight USB powered scanner products. We see significant growth opportunities in healthcare, security, transportation and financial transactions specifically remote deposit capture for small business. Our primary focus over the coming months is to expand on our sales contracts with existing customers including Unisys, Qualcomm, and Brother Mobile Solutions to name just a few, while aggressively seeking new and unique contracts to complement our sales pipeline going forward. In fact, I am pleased to announce that we are nearing the final stages of an agreement with a substantial global IT company that could potentially be our largest to date. It is our hope and belief that we can and will finalize this deal between the end of June and early July 2009."
Throughout the call DCT's management team provided additional color on the considerable opportunity for growth in the Remote Deposit Capture market for small businesses. Emphasis was also placed on the substantive news events that have taken place since the end of the first quarter, including DCT's multi-phase partnership with global IT giant Unisys Corporation where DCT has recently started shipping initial orders, as well as the recent deal with Europe-based transportation company Punch Telematix.
Interested parties are encouraged to read a transcript of the conference call, available here: http://www.trilogy-capital.com/autoir/dcmt_autoir.html.
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, worldwide 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, VARs and other system integrators, including Unisys, Qualcomm, Brother and Punch Telematix.
DCT has steadily grown its business in the health care, security, financial and transportation vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
For a comprehensive investor relations portal complete with fact sheets, presentations, interviews and video, please navigate to: www.trilogy-capital.com/autoir/dcmt_autoir.html.
For additional information, please see Document Capture's corporate website: www.docucap.com.
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.
Source: Document Capture Technologies, Inc.
----------------------------------------------
Document Capture Technologies
Inc.
David P. Clark
CEO
408-213-3701
clarkdavid@docucap.com
or
Trilogy Capital Partners
Financial Communications
Darren Minton
Vice President
Toll-free: 800-592-6067
info@trilogy-capital.com
Just got an email from a newsletter (allpennystocks.com) about this stock, looks interesting. That coupled with today's PR looks like it could have a strong day tomorrow. Anyone have thoughts on where this stock could go?
Document Capture First Quarter 2009 Earnings Conference Call Today at 1 PM Eastern
CEO David P. Clark to Discuss Financial Results, Latest Contracts, and Growth for 2009 and Beyond
May 19, 2009 9:01:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- Document Capture Technologies, Inc. (OTCBB:DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, announces the commencement of its first quarter 2009 earnings conference call, today, May 19 at 1:00 pm Eastern.
Conference Call Details:
DCT will hold a conference call to discuss its financial results and growth for 2009 and beyond at 1:00 pm, Eastern Daylight Time, on Tuesday, May 19, 2009. Company speakers will include David P. Clark, Chief Executive Officer; and Carolyn Ellis, Chief Financial Officer.
Interested participants should dial 877-407-8035 when calling within the United States or 201-689-8035 when calling internationally. Please register for the conference call 10 minutes before the scheduled start time.
There will be a playback available until June 2, 2009. To listen to the playback dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally and use Account number: 286, in conjunction with replay ID number: 323569.
This conference call is also available via webcast and can be accessed by visiting: www.trilogy-capital.com/autoir/dcmt_autoir.html
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, worldwide 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, VARs and other system integrators, including Unisys, Qualcomm, Brother and Punch Telematix.
DCT has steadily grown its business in the health care, security, financial and transportation vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
For a comprehensive investor relations portal complete with fact sheets, presentations, interviews and video, please navigate to: www.trilogy-capital.com/autoir/dcmt_autoir.html.
For additional information, please see Document Capture's corporate website: www.docucap.com.
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.
Source: Document Capture Technologies, Inc.
----------------------------------------------
Document Capture Technologies
Inc.
David P. Clark
CEO
408-213-3701
clarkdavid@docucap.com
or
Trilogy Capital Partners
Financial Communications
Darren Minton
Vice President
Toll-free: 800-592-6067
info@trilogy-capital.com
Document Capture Reports First Quarter 2009 Financial Results
First Quarter Revenue $2.0 million, Gross Profit Improves Over Q1 2008
May 15, 2009 4:45:00 PM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- Document Capture Technologies, Inc. (OTCBB:DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced the availability of first quarter 2009 financial results.
Document Capture reported Q1 2009 revenue of $2.0 million, compared to $2.5 million in the Q1 2008. Gross profit for the same period rose to $778,000 compared to $733,000 for Q1 2008. GAAP net loss available to common stockholders for the first quarter 2009 was $(654,000) compared to a GAAP net loss available to common stockholders of $(813,000) in the first quarter of 2008.
Fully diluted earnings before interest, depreciation, taxes and amortization (EBIDTA) was $(0.02) per share*.
"Despite the challenges facing the global economy, Document Capture surpassed its first quarter internal revenue estimate, driven in part by increased sales in Europe," said David P. Clark, Chief Executive Officer. "It's important to note that our Q1 results do not take into account expected revenue from the Unisys and Punch Telematix agreements signed subsequent to the quarter's end. We expect that our ongoing commitment to cost control, expanding our sales channels and signing additional significant agreements will positively impact both top and bottom line performance through the remainder of 2009 and beyond."
First Quarter 2009 Highlights
-- Increased European sales to $304,000, or 15% of net sales, compared with
$187,000, or 7% of net sales during Q1 2008.
-- Increased gross profit margin to 39%, up from 29% in Q1 2008.
-- Signed pan-Asia licensing agreement with China-based company Syscan
Technology Holdings (STH), who has worked with DCT for over ten years
manufacturing its products.
-- Subsequent to the first quarter, DCT signed significant agreements with
Unisys Corporation and European-based Punch Telematix, to supply them
with its DocketPORT series of scanners.
Conference Call
DCT will hold a conference call to discuss its financial results and growth for 2009 and beyond at 1:00 pm, Eastern Standard Time, on Tuesday, May 19, 2009.
Interested participants should dial 877-407-8035 when calling within the United States or 201-689-8035 when calling internationally. Please register for the conference call 10 minutes before the scheduled start time.
There will be a playback available until June 2, 2009. To listen to the playback dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally and use Account number: 286, in conjunction with replay ID number: 323569.
This conference call is also available via webcast and can be accessed by visiting: www.trilogy-capital.com/autoir/dcmt_autoir.html
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, worldwide 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, VARs and other system integrators, including Unisys, Qualcomm, Brother and Punch Telematix.
DCT has steadily grown its business in the health care, security, financial and transportation vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
For a comprehensive investor relations portal complete with fact sheets, presentations, interviews and video, please navigate to: www.trilogy-capital.com/autoir/dcmt_autoir.html.
For additional information, please see Document Capture's corporate website: www.docucap.com.
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.
* In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, DCT reports certain financial measures that may be considered non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States. DCT's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of DCT's ongoing core operations and prospects for the future. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors.
Source: Document Capture Technologies, Inc.
----------------------------------------------
Document Capture Technologies
Inc.
David P. Clark
CEO
408-213-3701
clarkdavid@docucap.com
or
Trilogy Capital Partners
Financial Communications
Darren Minton
Vice President
Toll-free: 800-592-6067
info@trilogy-capital.com
Document Capture to Host First Quarter 2009 Conference Call on May 19th
CEO David P. Clark to Discuss Financial Results and Growth for 2009 and Beyond
May 14, 2009 4:01:00 PM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development and sale of next-generation mobile scanning technologies, today announced its upcoming conference call to discuss first quarter results, to be held at 1:00 pm EST on Tuesday, May 19, 2009.
Conference Call Details:
Interested participants should dial 877-407-8035 when calling within the United States or 201-689-8035 when calling internationally. Please register for the conference call 10 minutes before the scheduled start time.
There will be a playback available until June 2, 2009. To listen to the playback dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally and use Account number: 286, in conjunction with replay ID number: 323569.
This conference call is also available via webcast and can be accessed by visiting: www.trilogy-capital.com/autoir/dcmt_autoir.html
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, worldwide 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, VARs and other system integrators, including Unisys, Qualcomm, Brother and Punch Telematix.
DCT has steadily grown its business in the health care, security, financial and transportation vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
For a comprehensive investor relations portal complete with fact sheets, presentations, interviews and video, please navigate to: www.trilogy-capital.com/autoir/dcmt_autoir.html.
For additional information, please see Document Capture's corporate website: www.docucap.com.
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.
Source: Document Capture Technologies, Inc.
----------------------------------------------
Document Capture Technologies
Inc.
David P. Clark
CEO
408-213-3701
clarkdavid@docucap.com
or
Trilogy Capital Partners
Financial Communications
Darren Minton
Vice President
Toll-free: 800-592-6067
info@trilogy-capital.com
LOOK AT THE AUTHORIZED AND FLOAT...IMO...easy over $1...growing internationally!
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 release of a quarterly update report by Patrick Murphy CFA, principal of independent research firm Murphy Analytics.
As well as affirming his 12-month target price of $1.50 for DCT projected in his initial report in late January, Mr. Murphy also details recent developments such as deals with Unisys (NYSE: UIS), Europe’s Punch Telematix and the wide-ranging Pan-Asia distribution agreement with China-based Syscan Technologies.
“Following our recent investor conference call, Patrick Murphy has integrated our substantive initiatives into his in-depth coverage of DCT,” said David P. Clark, Chief Executive Officer. “Given the many major deals we have executed since December 2008, the Company is opening both compelling revenue opportunities as well as global sales channels. I am confident that 2009 will be an exemplary year for the Company and our shareholders.”
From the Murphy Analytics Report:
With the addition of relationships such as those recently completed with Unisys and Punch Telematix, DCMT continues to position itself to take advantage of the revitalization of IT spending, including such new applications as remote deposit capture which is growing rapidly in response to significant commercial and consumer demand. The Unisys agreement in particular, completed only after an extensive due diligence process, provides strong validation for DCMT’s position as a leading image solutions provider.
The Murphy Analytics Report also gives clarity to the significant market opportunities available within Check 21 legislation and the Remote Deposit Capture market; both major and ongoing growth areas for DCT. As well, the metrics of similar technology companies are examined against a backdrop of cautious optimism for increased spending in the IT sector.
DCT’s commitment to product innovation has resulted in demand-driven products at the forefront of the paper-to-digital revolution. The proliferation of paper-to-digital green initiatives, high security demands and accelerated financial transactions require innovative ways to digitally capture, authenticate, store, share, and manage information.
Document Capture Announces Milestone Pan-Asia Licensing Agreement
Far Reaching Sales Agreement between DCT and China-Based Syscan Technology Holdings
SAN JOSE, Calif.--(BUSINESS WIRE)--Document Capture Technologies, Inc. (OTCBB:DCMT), an IP-driven worldwide leader in the design, development and sale of next-generation portable scanning technologies, today announced a major product sales licensing agreement with China-based company Syscan Technology Holdings (STH).
STH is a leading manufacturer and provider of 2D barcode scanning technology, products and application solutions throughout China. For ten years STH and one of its wholly owned subsidiaries have worked closely with DCT: manufacturing its products exclusively. This logical broadening of that relationship is expected to result in the expansion of the international market for DCT mobile scanners.
“This is a major threshold event for Document Capture as it provides significant pan-Asian market expansion for DCT’s products directly into China and Southeast Asia as well as India, Pakistan and Malaysia,” said David P. Clark, Chief Executive Officer of DCT. “The growth of the security and financial sectors in these markets, as well as those more established in Korea, Japan, and Singapore are potentially some of the fastest growing in the world. To move into these areas with such a strong partner as STH is a major step in DCT’s corporate and revenue growth.”
The one-year renewable agreement covers DCT’s six DocketPORT® series products, as well as future offerings currently in development. DCT will also provide STH with Software Development Kits (SDK’s) covering PC, Linux, Mac, and Win CE operating systems. In addition the two companies will work together in the defending of the IP behind these devices worldwide.
As a shareholder, Syscan Technology Holdings currently owns over 3 million shares of DCT common stock. It is expected that the expanded relationship between the two companies will produce mutual opportunity for ongoing market development and expansion in Asia and beyond.
“This is a win-win joining of forces in the manufacturing sale and market expansion of mobile scanners globally.” Cheung Wei, Chairman of STH commented. “We believe there is great opportunity in China and other emerging markets.”
DCT’s commitment to product innovation has resulted in demand-driven products at the forefront of the paper-to-digital revolution. The proliferation of paper-to-digital green initiatives, high security demands and accelerated financial transactions require innovative ways to digitally capture, authenticate, store, share, and manage information.
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, VARs and other system integrators, including Qualcomm and Brother.
DCT has steadily grown its business (37% three-year organic CAGR through 2007) in the health care, security, financial and compliance vertical markets. The company estimates that it and its licensees currently enjoy a majority share of the rapidly expanding USB-powered mobile scanner market.
This is a gold find...look at the authorized, the float and the freaking NEWS!
Just needs some volume imho :)
$.60 breaks is key imho and a volume increase is welcomed :)
Very nice indeed!!
We are at .60 now time to break it imho :)
Looking for break of $.60 for a bullish move imho :)
Interesting news out after the bell tonight. Lets see if $.60 resistance can be broken tomorrow :)
and yet it never even moved till MEC came on
yes the promo activity is way UP!!! :P:
Very nice I know it is going up!!!
...AOTB did nothing...
You are insulting an iHubber LOL
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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.
PRODUCTS
DocketPORT 487 - The Next Generation of Personal Productivity. Scans Full Size Documents on Both Sides Simultaneously
Fully USB powered, AC adapter not required. Portable Duplex Scanning on your desktop. Scanning resolution up to 600 DPI. Scanning size from business card to legal doucuments in as quick as 10 Seconds.
DocketPORT 467 - The Perfect Lightweight and Portable Document Scanning Manager Solution
Fully USB powered, no AC power adaptor required. This portable scanner can scan upto 600dpi. Scanned size ranges from business card to legal document.
DocketPORT 667 - Scan ID Cards & Licenses Quickly and Conveniently
Fully USB powered and portable, power adapter not required, scanning resolution upto 600dpi, scans business cards and documents upto 4" x 10" size.
DocketPORT 687 - Scan ID Cards & Licenses Quickly and Conveniently
Fully USB powered portable duplex scanner for you desktop, power adapter not required. Scanning resolution up to 600 DPI. Scanning size ranges from business card to a 4" x 10" document.
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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