DSS Receives $15 Million Investment from Alset EHome International
September 08 2021 - 6:00AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating business segments
in blockchain security, direct marketing, healthcare, consumer
packaging, real estate, renewable energy, and securitized digital
assets, today announced a $15 million investment in the Company by
Alset EHome International, Inc. (“Alset EHome”) (Nasdaq: AEI) DSS
will issue 12,155,591 shares of its common stock for a purchase
price of $1.234 per share for an aggregate amount of approximately
$15 million.
“This transaction is a clear demonstration of
Alset’s confidence in DSS,” stated Frank D. Heuszel, CEO of DSS.
“The mutually beneficial relationship with Alset positions both
companies to accelerate growth moving forward as we work together
toward a shared vision of success and a brighter future for the
world.”
About Document Security Systems, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy, 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, Heng 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.
About Alset EHome International Inc.
Alset EHome is a diversified holding company
executing on its vision to accelerate sustainable healthy living
with a focus on the development of EHome communities and other
property development, financial services, digital transformation
technologies, biohealth activities and consumer products. Through
its operating subsidiaries, Alset EHome’s mission is to provide a
healthy living ecosystem that drives long-term exponential growth,
building liquidity and value for shareholders. Alset EHome is led
by its chairman and CEO, Heng Fai Chan, a successful global
business veteran of more than 40 years specializing in corporate
transformation while managing risk. Over his distinguished career,
Heng Fai Chan has successfully restructured more than 35
corporations with a combined value of $25 billion.
For more information, please visit: www.alsetehomeintl.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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