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Great Start To A Great Profile - DCMT.OB
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Great Start To A Great Profile (DCMT.OB)

Document Capture Technologies, Inc. (OTCBB: DCMT) started off great for us yesterday with a sizeable amount of buying and 22% increase in price per share.  We believe this price appreciation will continue in the near future. There is not much stock available on this one; if you're interested you may have to hit the ask.
more than 25 granted domestic and international patents as well as 3 pending

Document Capture Technologies Announces Initiation of Research Coverage by Murphy Analytics
Monday January 26, 4:55 pm ET

Detailed Report Projects 12-Month Price of $1.50

SAN JOSE, Calif.--(BUSINESS WIRE)--Document Capture Technologies, Inc. (OTCBB: DCMT), an IP driven worldwide leader in the design, development, manufacture and sale of USB-powered mobile page-fed document scanners for OEM’s, VAR’s and system integrators, today announced the release of an in-depth initiation report by Patrick Murphy CFA, principal of fee-based independent research firm Murphy Analytics.

Mr. Murphy expects DCMT will deliver net income of $0.10 per share for 2009, and initiates coverage with a 12-month price target of $1.50 per share.

“The corporate and business initiatives completed in 2008 have laid a solid groundwork for accelerated growth,” said David Clark, Chief Executive Officer. “This comprehensive report quantifies DCT’s progress to date, the outstanding potential for our industry-leading products and the robustness of the many large vertical markets on which our revenue growth is focused.”

From the Report, Mr. Murphy states:

DCMT, which combined with its licensees, has shipped over 3 million scanners since inception, estimates that its market share, including the partners that license DCMT solutions, likely is greater than 70% for USB-powered lightweight mobile scanners. Driven especially by growing need and applications for the financial and healthcare markets, DCMT estimates a projected 2009 annual growth rate of approximately 25% for the portable page fed scanner market. Harvey Spencer Associates estimates the global market for document capture software alone is $1.7 billion.

The report details the significant growth projected in the mobile scanner market and the integral part that DCT’s extensive proprietary Intellectual Property (IP) portfolio plays as a competitive advantage. The Company competes against several other companies, but appears, along with the IP advantage, to have a significantly more attractive cost structure. Mr. Murphy notes:

IT and imaging incumbents such as Oracle, EMC, HP, Epson, Kodak, and Fujitsu offer document capture solutions, but in terms of mobile document capture, the offerings from Digital Check and Panini are most comparable to DCMT solutions. As noted previously, these competing solutions can be several times more expensive.

Salient Points for Investors: (figures as at September 30, 2008)

  • Recent milestone contract with Qualcomm
  • Ongoing discussions/negotiations with several global OEM’s
  • Company and licensees hold more than 70 percent market share
  • Positive EBITDA for the third consecutive quarter in 2008
  • Rising cash flow – $2.3 million year to date
  • Cash on hand $800,000. Working Capital $1.5 million
  • Debt-free balance sheet
  • Stringent cost controls, inventory management and strict focus on core businesses
  • Initiated expanded customer service and support group

DCT’s commitment to product innovation has resulted in demand-driven products at the forefront of the paper-to-digital revolution. The proliferation of paper-to-digital green initiatives, high security demands and accelerated financial transactions require innovative ways to digitally capture, authenticate, store, share, and manage information.

The complete report is available in Acrobat format, free of charge:

http://www.murphyanalytics.com/uploads/DCMT_Initiation

Stay tuned for more information on Document Capture Technologies, Inc.

Company Website:

Please see our full profile:

Administrative Staff

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