Document Capture Technologies Names Edward M. Straw Chairman of its Board of Directors
21 Juillet 2008 - 11:00PM
PR Newswire (US)
Former President of Global Operations at Estee Lauder and
Accomplished U.S. Naval Officer Brings Four Decades of Supply Chain
Expertise to Board SAN JOSE, Calif., July 21 /PRNewswire-FirstCall/
-- Document Capture Technologies, Inc. (OTC:DCMT) (BULLETIN BOARD:
DCMT) , a leading provider of secure imaging solutions, today
announced that Edward M. Straw has been appointed Chairman of its
Board of Directors via unanimous board consent, effective July 15,
2008. He replaces Darwin Hu, who stepped down as Chairman but
remains on the board as a director. Mr. Straw is currently
executive vice president of PRTM Management Consultants, a world
class, operational strategy consulting group. He assists with
business development in federal, high tech and consumer packaged
goods verticals as well as mentors and coaches younger partners in
leadership, communication, presentation and deal closing skills.
From 2000-2005, he served as president of global operations for
Estee Lauder, where he built and directed a supply chain
transformation strategy that resulted in dramatic improvements in
cycle time, customer service and gross margins during his tenure.
He led the manufacturing, research and development, information
systems, package engineering, quality assurance and global supply
chain (procurement, inventory management and distribution) areas,
which support all 20 brands of the Estee Lauder Companies around
the world. Mr. Straw also had P&L responsibility for the
Fashion Group, which consists of 250 stand alone retail outlet
stores and military exchanges. Previously, he served as senior vice
president of supply chain management and manufacturing for the
Compaq Computer Corp. from 1998-1999. Prior to Compaq, he served as
president of Ryder Integrated Logistics Inc., the leading provider
of supply chain services in North America, from 1996-1998. David P.
Clark, Document Capture Technologies CEO, commented, "We welcome
Mr. Straw to our board of directors and are fortunate to have such
a distinguished and accomplished individual lead our board. We see
his appointment as a significant benefit to DCT's board as well as
our senior management team, as we expect to utilize his extensive
experience, resources and contact network to enhance our
operational efficiency, contribute to our strategic development and
position us for further future success." Mr. Straw has extensive
directorship experience, and currently serves on the board of
directors for Eddie Bauer Holdings, the MeadWestvaco Corporation,
Ply Gem Industries, and Panther Expedited Services. He is the
chairman of Odyssey Logistics & Technology and is also a
trustee for the U.S. Naval Academy Foundation. Prior to joining the
private sector, Mr. Straw had a distinguished 30-year career in the
U.S. Navy, retiring as a three-star admiral in 1996. Prior to his
retirement from the military service, he was chief executive
officer of the Defense Logistics Agency, the largest military
logistics command supporting the U.S. armed forces. In this
position, he reported to Gen. Colin Powell, chairman of the Joint
Chiefs of Staff. He received the Defense, Navy and Air Force
Distinguished Service medals; the Ford Foundation's Innovations in
American Government Award; and the Society of Logistics Engineers'
Founders Medal. Mr. Straw holds a B.S. degree from the U.S. Naval
Academy and an MBA from The George Washington University, and is
also a graduate of the National War College. About Document Capture
Technologies, Inc. Document Capture Technologies, Inc. (OTCBB:
DCMT.OB), headquartered in San Jose, Calif., designs and
manufactures document capture solutions for OEM customers
worldwide. The company currently manufactures over 20 proprietary
document capture products and has become one of the world's largest
private-label manufacturers of USB-powered mobile document scanning
devices. The Company's growing intellectual property portfolio in
document capture includes four key patents with an additional one
patent pending. Forward-Looking Statements Statements contained in
this press release, which are not historical facts, are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based largely on current expectations and are
subject to a number of known and unknown risks, uncertainties and
other factors beyond the Company's control that could cause actual
events and results to differ materially from these statements.
These risks include, without limitation, that there can be no
assurance that any strategic opportunities will be available to the
Company and that any strategic opportunities may only be available
on terms not acceptable to the Company. These statements are not
guarantees of future performance, and readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Document Capture
undertakes no obligation to update publicly any forward-looking
statements. Company Contact: Investor Contact: Document Capture
Technologies, Inc. Hayden Communications, Inc. David P. Clark Peter
Seltzberg (408) 213-3701 (212) 946-2849 DATASOURCE: Document
Capture Technologies, Inc. CONTACT: David P. Clark of Document
Capture Technologies, Inc., +1-408-213-3701, ; or Peter Seltzberg
of Hayden Communications, Inc., +1-212-946-2849, , for Document
Capture Technologies, Inc. Web site: http://www.dct.com/
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