Message #1 From:
Stock News Bot Date: August 8, 2006 10:03:00 AM
DSSI News Data Systems & Software Inc. Retains Investor Relations Firm; Bibicoff & Associates to Manage Investor Communications Outreach Program
MAHWAH, N.J.--(BUSINESS WIRE)--Aug. 8, 2006--Data Systems & Software Inc. (OTCBB:DSSI), a technology holding company, today announced that it has engaged Bibicoff & Associates, Inc., a full service investor relations and strategic planning firm, to increase investment community awareness of the Company. Bibicoff & Associates will initially concentrate on developing and implementing communications strategies and programs specifically targeting the retail brokerage, institutional and investment banking communities.
Harvey Bibicoff, President and CEO of Bibicoff & Associates, stated, "This is an exciting time in the corporate life of DSSI. Having recently completed a reorganization and $3.18 million private placement, DSSI is poised to capitalize on its refined business strategy. In addition to DSSI's investment in Comverge, Inc., North America's leader in Demand Response solutions which provide low-cost peak electric capacity reduction for the electric utility industry, and its dsIT software consulting and development business, DSSI is actively seeking out businesses worldwide that solve macroeconomic problems and have 'ready for market' strategies that hold the promise to provide strong shareholder returns with limited downside risk."
John A. Moore, Chief Executive Officer of DSSI, said, "We view successful investor relations as critical to the future success of DSSI. Bibicoff & Associates is a valuable asset to us in shaping our communications with the investment community while we continue to pursue the excellent opportunities ahead of us. Harvey has a unique and proven approach to helping companies get their story out to the investment community and build shareholder value. It is also very meaningful to me and my fellow shareholders that Harvey is a long-time shareholder, having made an investment in DSSI long before any discussion about being retained by the Company, and having increased his holdings by participating in our recent private placement. We are very fortunate to have Bibicoff & Associates on our team."
About Data Systems & Software Inc.
DSSI is a technology holding company. Its dsIT Solutions subsidiary is a provider of software consulting and development services. Its Comverge, Inc. equity affiliate is a leading Demand Response company, enabling utilities, industry and consumers to better manage peak electricity usage. Additional information about DSSI is available at www.dssiinc.com and at www.dsit.co.il. Additional information about Comverge is available at www.comverge.com.
About Comverge, Inc.
Comverge provides clean, low-cost peak electric capacity reduction achieved through Demand Response solutions and technologies, such as its patent pending fully outsourced Virtual Peaking Capacity(TM) offering. As North America's leader in Demand Response, Comverge serves over 500 clients in the electric utility industry, implementing both integrated and outsourced solution-based models for direct and price responsive load management, remote meter reading, and distributed generation monitoring. Comverge's investors include Nth Power, EnerTech Capital, Data Systems & Software (OTCBB:DSSI), E.ON Venture Partners (NYSE:EON), Ridgewood Capital, Easton Hunt Capital Partners, Norsk Hydro Technology Ventures (NYSE:NHY), Air Products (NYSE:APD), Emerson (NYSE:EMR), Rockport Capital Partners, Partners for Growth, and the Shell Internet Ventures affiliate of Royal Dutch/Shell. For more information, please visit www.comverge.com. Comverge, Inc., The Power in Power Technology(TM), is a leading Demand Response company whose investors include Nth Power, EnerTech Capital, Data Systems & Software Inc., E.ON Venture Partners GmbH, Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures, Rockport Capital Partners, Partners for Growth, Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies, and Air Products and Chemicals, Inc. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time-of-use billing and demand response, and direct or voluntary load control initiatives. For additional information about Comverge visit http://www.comverge.com.
This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties which may affect the accuracy of these statements and the Company's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.
