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News

US Government under pressure to take more action against counterfeiting.

Document Security Systems : 17 December, 2007  (Company News)
Anti-Piracy and Counterfeiting coalition supports Document Security Systems in its demands for tighter actions, controls and penalties against counterfeiters.
Members of the Coalition Against Counterfeiting and Piracy (CACP) called upon Congress last week to pass legislation HR 4279 that would create a senior White House position focused on anti-counterfeiting in the US and would increase penalties against counterfeiters. This announcement comes on the heels of an announcement by Document Security Systems, a member of the US Chamber of Commerce, to expand its service offering to the government market with its recent agreement with NPC, one of the nation's largest government printers.

'Today's announcement by the CACP supports our expansion in the government market and demonstrates that business leaders around the country are recognising the need for top-level government support in order to effect immediate change and combat this growing issue,' explained Peter Ettinger, President of Document Security Systems. 'Our recent agreement with NPC, one of the nation's largest government printers, was another significant step into this burgeoning market. Our security technology has been present on various types of government documentation for decades and now has the potential to be implemented into more government instruments, such as vital records, identifications and breeder documents. This announcement from the CACP, a national organisation of businesses and associations committed to raising awareness of this crime, proves that there is growing demand for our technology in this sector.'

The CACP, led by the US Chamber of Commerce, is a broad based coalition representing more than 500 associations and businesses. The coalition is committed to increasing the understanding of the negative impact of counterfeiting and piracy and to finding real solutions by working with governments, industry, opinion leaders, the media, and consumers. Counterfeiting and piracy are estimated to cost the US economy approximately $250 billion annually and have led to the loss of more than 750,000 American jobs, leading business and labour leaders to join together in support of the legislation.
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