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Palladium Brokered Merger of Document Security Systems & Lexington Technology Completed

Jul. 1, 2013:

DDSROCHESTER, NY—July 1, 2013 — Document Security Systems, Inc. (NYSE MKT: DSS) announced today the successful closing of its previously announced merger with Lexington Technology Group, Inc. (LTG), an intellectual property management firm that seeks to maximize the value of intellectual property and technology assets. DSS will continue to trade on the NYSE MKT under the symbol “DSS”.


This strategic combination increases DSS’s intellectual property portfolio and enhances the Company’s ability to monetize its anti-counterfeit and authentication technology, as well as its industrial and other intellectual property assets. The boards of directors of both DSS and LTG unanimously approved the merger, which was subsequently approved by LTG’s and DSS’s stockholders. The Company will be managed by an executive team led by Chief Executive Officer, Jeff Ronaldi.


Lexington“After months of planning and hard work, DSS and LTG are excited to be moving forward as a combined company” stated DSS’s President, Robert Bzdick. “Through our anti-counterfeit and authentication service offering, we have laid groundwork on which the management team believes we can generate increased revenue and licensing opportunities.”


“Today is a milestone for DSS. Through our new business model, we see exciting opportunities to potentially grow our technology business and intellectual property assets” stated DSS’s Chief Executive Officer, Jeff Ronaldi. “As a combined company, we believe that we are better positioned to take on new challenges and opportunities ahead.”