Shareholder Update: Internet Media Services Files S-1 Registration Statement

ROCHESTER, N.Y., April 12 /PRNewswire-FirstCall/ -- Document Security Systems, Inc. (NYSE Amex: DMC; "DSS"), is pleased to announce today that it received notice from Internet Media Services, Inc. ("IMS") that they have completed and filed an S-1 Registration Statement with the Securities and Exchange Commission ("SEC").  The registration statement was filed to register shares of IMS common stock to be issued to DSS shareholders.

Under the terms of the 2009 Asset Purchase Agreement, IMS acquired the Web property and related assets commonly referred to as Legalstore.com from DSS in exchange for 7,500,000 shares of IMS common stock which represents approximately 37% of the outstanding shares of IMS.  

DSS intends to distribute all of its shares of IMS to its shareholders in the form of a dividend once they are approved and registered by the SEC.  It is estimated that the approval process may take anywhere from 30-90 days.  Once an SEC approval is obtained, DSS will set a dividend date for shareholders of record to distribute the shares.  

About Document Security Systems, Inc.

Document Security Systems is a technology company in the security and protection services sector which develops and manufactures products and packaging containing patented and patent pending optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The company owns over 30 different patented and patent-pending technologies and products which protect valuable documents and printed products from counterfeiters and identity thieves. The company has 3 manufacturing facilities which produce secure printing, packaging and plastic ID cards.  Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID Cards, Smart Cards internet commerce, passports, gift certificates and packaging.  Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets.

More information about Document Security Systems, Inc. and their wholly-owned subsidiaries can be found by visiting:

Document Security Systems, Inc.: http://www.documentsecurity.com

Plastic Printing Professional, Inc.: http://www.plasticprintingprofessionals.com/

Protected Paper: http://www.protectedpaper.com

DPI of Rochester: http://www.dpirochester.com

Premier Custom Packaging: www.premiercustompkg.com.

Safe Harbor Statement

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.

SOURCE Document Security Systems, Inc.