Brief: Document Security Systems To Exit Plastic Printing Business Line

DSS

29/05/2020 23:24

May 29 (Reuters) - Document Security Systems Inc  DSS.A :
    * DOCUMENT SECURITY SYSTEMS - ON MAY 22, ANNOUNCED CO HAD
COMMITTED TO RESTRUCTURING PLAN TO FURTHER REDUCE OPERATING
EXPENSES
    * DOCUMENT SECURITY SYSTEMS - TO EXIT PLASTIC PRINTING
BUSINESS
LINE, OPERATED UNDER PLASTIC PRINTING PROFESSIONALS INC
    * DOCUMENT SECURITY SYSTEMS - TO FULLY IMPAIR ITS GOODWILL
RELATED
TO PLASTIC PRINTING PROFESSIONALS INC
    * DOCUMENT SECURITY SYSTEMS - EXPECTS EXIT OF PLASTIC
PRINTING
BUSINESS LINE TO BE COMPLETED DURING FISCAL 2020
    * DOCUMENT SECURITY SYSTEMS -ARRANGING FOR SERVICING OF DSS
PLASTIC'S CUSTOMERS THROUGH POTENTIAL ASSET SALE & SERVICING
DEAL WITH ANOTHER INDUSTRY LEADER
    * DOCUMENT SECURITY SYSTEMS - INITIATED EFFORTS TO SUB-LEASE
DSS
PLASTICS PROPERTY
    * DOCUMENT SECURITY SYSTEMS - ESTIMATES IT WILL INCUR ABOUT
$250,000 OF COSTS IN CONNECTION WITH CLOSING OF THIS PLASTIC
PRINTING BUSINESS LINE

Source text: (https://bit.ly/36Ia9Jx)
Further company coverage:  DSS.A 

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