World News: 12:30 GMT Thursday 30th May 2019. [Document Security Systems Inc. via Globe Newswire via SPi World News]
ROCHESTER, N.Y., May 30, 2019 (GLOBE NEWSWIRE) -- (NYSE American: DSS), ("DSS"), a leader in anti-counterfeit, authentication, and diversion protection technologies, announced today its intention to form four new, wholly-owned subsidiaries that will participate in the growth of new and advancing global technologies and markets.
The new companies will be led by DSS board chairman Mr. Fai H. Chan, who will assume the role of Executive Chairman of each entity:
The new technology companies are in line with DSS’ current business activities focused on blockchain technologies in tracking and tracing solutions for supply chains.
DSS will look to utilize existing relationships as well as to attract new, leading industry professionals to assist with the development of each subsidiary. “We are looking forward to expanding into these dynamic technology marketplaces, and with the guidance of Fai Chan, believe that these opportunities will provide tremendous value to our shareholders,” stated Frank Heuszel, DSS CEO.
An accomplished global business veteran of more than 40 years Mr. Chan specializes in financial restructuring and corporate transformation to unlock value and unleash entrepreneurial zeal while managing risk. For additional information on Chan’s expertise, visit , ; .
Contact Information:Document Security Systems, Inc.Investor RelationsTel: (585) 232-5440 Email:
Globe Newswire: 12:30 GMT Thursday 30th May 2019
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