DCT, Inc. Announces Executive Management Changes
03 Marzo 2008 - 7:30AM
PR Newswire (US)
David P. Clark Named CEO SAN JOSE, Calif., March 3
/PRNewswire-FirstCall/ -- Document Capture Technologies, Inc.
(OTC:DCMT) (BULLETIN BOARD: DCMT) , a leading provider of secure
document capture solutions, today announced that David P. Clark,
the Company's Chief Investment Officer, has been named CEO and
William Hawkins, the Company's Chief Operating Officer has been
named President of the Company, in addition to retaining his COO
duties. Darwin Hu, who had served as the President, CEO and
Chairman since the Company's merger with Syscan, Inc. in April of
2004, will remain Chairman of the Board of Directors and will
continue to advise DCT's management on document capture R&D
initiatives. "This realignment of responsibilities is consistent
with the Company's execution plan," said Mr. Clark. "The Company is
at an exciting inflection point where we have committed to a path
of focused and consistent growth in an environment of expanding
'document' to 'digital' opportunities for our product solutions.
And, we appreciate that we will have access to the industry
expertise, contacts and vision that Darwin Hu provides as he
continues as Chairman." David P. Clark joined the Company July 2004
as Senior Vice President of Business Development and Director, and
was appointed Chief Investment Officer for the Company in September
of 2007. Mr. Clark has held various senior executive positions at
both private and publicly traded Companies in the consumer
electronics, video gaming and computer entertainment software
industries. William Hawkins, a director of the company since June
2007, has been Chief Operating Officer and Secretary of the Company
since April 2, 2004. Mr. Hawkins has held various executive
positions at the company's predecessor company since 1999. His
background includes management positions within the imaging and
computer peripheral markets. About Document Capture Technologies,
Inc. Document Capture Technologies, Inc. (OTC:DCMT) (BULLETIN
BOARD: DCMT) , headquartered in San Jose, Calif., designs and
manufactures document capture solutions for OEM customers
worldwide. The company currently manufactures over 20 proprietary
document capture products and has become one of the world's largest
private-label manufacturers of USB-powered mobile document scanning
devices. The Company's growing intellectual property portfolio in
document capture includes four key patents with one additional
patent pending. 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. Company Contact: Document Capture Technologies, Inc.
David P. Clark (561) 835-4069 Investor Contact: Hayden
Communications, Inc. Peter Seltzberg (646) 415-8972 DATASOURCE:
Document Capture Technologies, Inc. CONTACT: David P. Clark of
Document Capture Technologies, Inc., +1-561-835-4069, ; or
Investors, Peter Seltzberg of Hayden Communications, Inc.,
+1-646-415-8972, , for Document Capture Technologies, Inc. Web
site: http://www.docucap.com/
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