Document Capture Technologies Inc (DCMT) captures new agreement, stock hikes

Posted on: August 17th, 2011
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Document Capture Technologies Inc (OTCBB: DCMT) saw its stock climb 10.6% to 37.6 cents on word of a new distribution pact with Microtek. No volume was reported for the stock on Wednesday morning.

A news release out August 17 effectively means that Microtek has been named the exclusive Asian distributor for DCT’s industry-leading products.

This relationship combines two global leaders in the design, development and production of image capture technologies and opens significant global revenue opportunities through the strong local sales and marketing presence of each partner. Microtek is the market leader in Asia with 1,500 sales locations and 90 service centers in China.

The release also quotes Document Capture CEO David Clark as saying, “this partnership is undoubtedly one of the most important in DCT’s history.

“Microtek is the industry leader in Asia both in sales and technology. With this bilateral arrangement, DCT gains an unparalleled foothold in the fastest growing economy in the world. We at DCT look forward to this partnership both for the Company and our shareholders.”

Based in Santa Clara, California, Document Capture Technologies is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms.

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