New Sky Communications Acquires Document Security Consultants, Inc. And Files 9 New Document Security Patents12 Nov, 2002
New Sky Communications Acquires Document Security Consultants, Inc. And Files 9 New Document Security Patents
With The U.S. Patent And Trademark Office Monday November 11, 11:00 am ET
New Sky Communications Inc. , a leading document security and development company that specializes in document security, anti-counterfeiting and brand protection via several patented technologies, announced that it has acquired all of the stock of Document Security Consultants, Inc., a privately-held wholesale and retail manufacturer of Wicker 2000 security paper products headquartered in Livonia, New York. New Sky said it paid $72,000 and issued 125,000 unregistered, restricted common shares of its stock to acquire the company. Document Security Consultants, Inc. had unaudited revenues of $231,935 in calendar year 2001. ADVERTISEMENT
Patrick White, President and Chief Executive Officer of New Sky Communications, noted that this is the company's third acquisition in the past three months in the document security business. On August 5, 2002, New Sky announced the acquisition of Thomas M. Wicker Enterprises, Inc., a research and development company, and Lester Levin, Inc., a worldwide law office supply and digital printing company.
New Sky Communications, Inc. also announced that it has filed 9 provisional patents with the United States Patent and Trademark Office.
Thomas Wicker, Vice President of Research and Development, said "The addition of these 9 new technologies to our portfolio of document security patents puts New Sky in a particularly strong position in the security printing industry. I am personally not aware of any other entity that has such an array of anti-counterfeiting protection devices. The 9 new technologies improve detection, authentication and verification as well as prevent forgery, copying, faxing and scanning of documents."
A brief outline of the 9 new technologies is as follows:
security images and verification process and product
#2 Security artwork for protection against duplication process and product
#3 Negative and Positive security image process and product
#4 High and low frequency warning word background process and product
#5 Security screen for duplication protection process and product
#6 Security photograph with hidden and readable images process and product
#7 Software verification system process and product
#8 Hidden security barcode process and product
#9 Anti-scan, anti-fax, anti-copy, anti-photograph security paper process and product.
New Sky also announced that it opened a new Document Security website www.documentsecurity.com which has samples of its patented document security solutions, solicits security consulting business and acts as an e-commerce site for its patented security paper and hand-held security verifiers.
New Sky Communications, Inc. 36 Main Street West Suite 710 Rochester, NY 14614 This release contains forward-looking statements regarding expectations for future financial performance, which involve uncertainty and risk. It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The Company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.