Document Security Systems Reports Fourth Quarter and Full Year 2008 Financial Results

Business Wire, March 31, 2009

Liquidity

The company completed the year with $88,000 in cash. As of December 31, 2008, the company has available $1.3 million to it under various credit facilities. The company has significantly reduced its operating cash flow requirements, and has virtually eliminated its patent litigation costs, and as a result, believes that cash available to it under its current credit facilities will be sufficient to cover its cash needs for the next twelve months given its current revenue forecasts. In addition, the company will continue to evaluate other sources of funding, and believes that additional funding sources will be available to it if needed. Furthermore, in December 2008, the company borrowed $900,000 of short term debt in conjunction with its acquisition of substantially all of the assets of DPI, a commercial printer. The company expects that existing working capital at DPI will be sufficient to satisfy the payment of the $900,000 when due, in December 2009.

Conference Call Information

Document Security systems will host an earnings conference call at 4:30 today to discuss its fourth quarter 2008 earnings results. Management will discuss strategy, review quarterly activity, provide industry commentary, and answer questions.

The call is being webcast and can be accessed from the “Investor Relations” section of the company’s website at www.documentsecurity.com. If you do not have Internet access, please dial 800-325-8126 in the U.S. International callers should dial 706-679-9912. The conference ID is 91716143. A replay of the call will be available via telephone for one week, beginning two hours after the call. To listen to the telephone replay in the U.S., please dial 800-642-1687 and for international callers, 706-645-9291. The conference ID is the same as above. In addition, the webcast will be archived on the company’s website for 90 days at www.documentsecurity.com.

About Document Security Systems, Inc.

Document Security Systems is a world leader in the development of 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’s patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. 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, internet commerce, passports and gift certificates. 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 can be found at its websites: www.documentsecurity.com and www.plasticprintingprofessionals.com.