DSS Expands Board with Appointment of Chan Tung Moe
September 28 2020 - 7:00AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating businesses
focusing on brand protection technology, blockchain security,
direct marketing, healthcare, real estate, and securitized digital
assets, today announced its Board of Directors (the “Board”)
approved an increase of the Board size from seven to eight members
and appointed Mr. Chan Tung Moe to fill the vacancy created by the
increase in the Board size.
“We are excited to welcome Chan Tung Moe to our
Board,” commented Frank D. Heuszel, CEO of DSS. “The wealth of
experience he brings from his accomplished career as a senior
executive further strengthens our Board and should provide great
value as we continue to execute on our growth plans.”
Mr. Chan Tung Moe currently serves as Group
Chief Development Officer of Singapore Exchange-listed Alset
International Limited, overseeing the company’s global property
business, and as Vice President and Director of Corporate
Development of American Medical REIT Inc. He also serves as
Co-Chief Executive Officer and Director of LiquidValue Development
Inc. (f.k.a SeD Intellgient Home Inc.) (USA), a company he joined
in 2017, and as Director and Chief Executive Officer
(International) of Alset IHome Inc. (f.k.a. SeD Home & REITs
Inc.) (USA) a company he joined in 2015. Mr. Chan Tung Moe
previously served as Chief Executive Officer of Pop Motion
Consulting Pte Ltd. (Singapore) from 2018 to 2020. Prior to that,
within the last five years, he was Group Chief Operating Officer of
Hong Kong Stock Exchange listed Zensun International Limited where
he was responsible for the company’s global business operations
consisting of REIT ownership and management, property development,
hotels and hospitality, as well as property and securities
investment and trading. Within the past five years, Mr. Chan Tung
Moe has served as a director of MasterCard issuer Xpress Finance
Limited as well as RSI International Systems Inc., which was a
hotel software company listed on the Toronto Stock Exchange.
Mr. Chan Tung Moe holds a Master’s Degree in
Business Administration with honors from the University of Western
Ontario, a Master’s Degree in Electro-Mechanical Engineering with
honors and a Bachelor’s Degree in Applied Science with honors from
the University of British Columbia.
About Document Security Systems, Inc.
DSS is a multinational company operating
businesses focused on brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are cautioned
not to place undue reliance on the forward-looking statements,
which speak only as of the date on which they are made and reflect
management's current estimates, projections, expectations and
beliefs. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances
on which any such statement is based, except as required by
law.
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