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American Company Spotlight

 

Document Capture Technologies, Inc. Website: Click Here

Information As Of May 26, 2009

Exchange: OTCBB Market Cap: 5.9 Million
Outstanding Shares: 18.4 Million 52 Low / High: $0.24 / $0.75

Price May 26, 2009: $0.32

DCMT Recent Stock Quote and News: Click Here

'DCT has steadily grown its business (37% three-year organic CAGR) in the health care, security, insurance, financial, banking and transportation vertical markets. The company and its licensees currently enjoy an estimated greater than 70% share of the USB-powered light weight mobile scanner market.'


Overview

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.


Investment Highlights

  • Recent supply agreement with technology giant Qualcomm
  • Growing client list with major technology companies
  • More than 70 percent market share
  • Strategy of stringent cost controls, inventory management and a strict focus on core businesses.
  • Positive EBITDA for the third consecutive quarter in 2008
  • Rising cash flow: $2.3 million year to date
  • Cash on hand $800,000
  • Working Capital $1.5 million
  • Debt-free


Profile

The Company is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture solutions.

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, such as Qualcomm, Brother and Xerox to name a few. DCT has steadily grown its business (37% three-year organic CAGR) in the health care, security, insurance, financial, banking and transportation vertical markets. The company and its licensees currently enjoy an estimated greater than 70% share of the USB-powered light weight mobile scanner market.

The Company's balance sheet looks very strong, at last check the Company had a $2.3 Million year to date rising cash flow.  The Company also had $800,000 cash on hand and is debt-free.  With the economy struggling, a strong balance sheet like this is hard to find, and all the more reason why the Company is getting mentioned on AllPennyStocks.com.  With the portable page fed scanner market projecting growth in 2009 of 25%, the future also looks bright for the Company. The Company's strategy of stringent cost controls, as well as inventory management and a strict focus on their core businesses is paying off financially.  Q1 results included gross profit increasing to $778,000 compared to $733,000 for Q1 2008. The Company also announced that during their Q1, European sales increased to $304,000, or 15% of net sales, compared with $187,000, or 7% of net sales during Q1 2008.


Industry Drivers

  • Projected 2009 annual growth rate of 25% for portable page fed scanner market
  • Product life cycle exceeds other computer peripherals
  • Myriad of vertical applications including Security, Healthcare, Transportation and Financial sectors
  • Expanding verticals in Gaming/Lottery, Point of Service and Point of Sale Transactions, SOHO (small office home office)

Multimedia Center

To watch a video interview with Dave Clark, CEO of Document Capture Technologies, Inc., click here.

To listen to a RedChip SmallCap Radio Interview with Dave Clark, CEO of Document Capture Technologies, Inc., click here.

To listen to the Q1 Earnings Call Webcast (Playback), click here.


Recent News and Press Releases

Document Capture Announces Initial Shipments to Global IT Provider Unisys Corporation
Business Wire (Tue, May 26)


Document Capture Technologies First Quarter 2009 Financial Results Call scheduled for 1:00 pm ET today
Vcall (Tue, May 19)


Document Capture First Quarter 2009 Earnings Conference Call Today at 1 PM Eastern
Business Wire (Tue, May 19)


Document Capture Reports First Quarter 2009 Financial Results
Business Wire (Fri, May 15)


DOCUMENT CAPTURE TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report
EDGAR Online (Fri, May 15)


Document Capture to Host First Quarter 2009 Conference Call on May 19th
Business Wire (Thu, May 14)


DOCUMENT CAPTURE TECHNOLOGIES, INC. Financials
EDGAR Online Financials (Tue, Apr 28)


Document Capture Announces Release of Online Investor Interview
Business Wire (Wed, Apr 22)


Document Capture Files 8-K Providing Investor Conference Call Transcript
Business Wire (Fri, Apr 17)

 


Management

David Clark, CEO | Prior to joining the Company, Mr. Clark has held Executive-level positions with both public and privately held companies for the past 16 years, including President of Nautical Vision, Inc., a consumer electronics specialty marketing company, President and CEO of Homebytes.com, and President of Distribution/Director at Take 2 Interactive. He also has held key roles in business development, corporate finance, and sales and marketing at Inventory Management Systems, Inc., Creative Alliance Group, Sony, Acclaim Entertainment, and Phillips Sales, Inc. He received his B.S. in Business Administration from the State University of New York, Binghamton in 1990.

William Hawkins, President & COO | Mr. Hawkins has held various management positions at Syscan, Inc., the Company’s wholly owned subsidiary, since 1999. Prior thereto, Mr. Hawkins’ product focus has been primarily in the imaging systems and computer peripheral markets, including senior-level positions with General Electric (UK), Kaman Aerospace, British Aerospace Engineering, Gartner Research and Per Scholas. Mr. Hawkins received a bachelor’s degree in physics from the University of Maryland in 1978 and a Masters of Technology Management (MOT) from Johns Hopkins University.

Carolyn Ellis, CFO | Ms. Ellis was named CFO effective November 1, 2007. Prior to joining Document Capture Technologies, Inc., she served as a director, secretary and treasurer of Knovative, Inc., a telecommunications research and development company that she co-founded in 2003 and where she remains a member of the board of directors. From April 2000 until she co-founded Knovative, Ms. Ellis served as the Vice President of Finance for Correlant Communications, a company in the telecommunications industry. Ms. Ellis is a certified public accountant. She has a bachelor’s degree in economics and accounting from Hendrix College and an MBA from the University of New Mexico.

Edward M. Straw, Chairman of the Board | Mr. Straw is currently EVP of PRTM Management Consultants, an operational strategy consulting group. From 2000-2005, he served as president of global operations for Estee Lauder. From 1998-1999 he served as senior vice president of supply chain management and manufacturing for the Compaq Computer Corp. Prior to Compaq, he served as president of Ryder Integrated Logistics Inc. from 1996-1998. Prior to joining the private sector, Mr. Straw had a distinguished 30-year career in the U.S. Navy, retiring as a three-star admiral in 1996. Mr. Straw holds a B.S. degree from the U.S. Naval Academy and an MBA from The George Washington University, and is also a graduate of the National War College.

 


Contact

Corporate Contacts:

Document Capture Technologies, Inc.
David P. Clark
Chief Executive Officer
1798 Technology Way, Suite 178
San Jose, CA 95110
Email: clarkdavid@docucap.com

Financial Communications:

Trilogy Capital Partners
Bob Beaty
Phone: 800-592-6067
E-mail: info@trilogy-capital.com


FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Document Capture Technologies, Inc. current expectations about its future results, performance, prospects and opportunities. Document Capture Technologies, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Document Capture Technologies, Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.


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