New York, NY July 27, 2010 Aegis Capital is pleased to announce it has arranged a $1.2 million private placement of common stock and warrants for Document Security Systems (DMC on the Amex). Aegis Head of Investment Banking Ed Cabrera stated “We are pleased to have closed on this financing.” “DMC operates in an industry that is fundamental to economic growth, with a continual need for services.” Piracy issues are occurring in multiple manners and with the globalization, it is a worldwide concern that is not going away” “We feel the prospects of the company on a “go forward basis” can provide a strong value proposition. We look forward to seeing the company management execute.”

About Document Security Systems, Inc. develops, manufactures, and markets paper and plastic products designed to protect information from unauthorized scanning, copying, and digital imaging in the United States and internationally. It provides document security technologies for counterfeit prevention, brand protection, and validation of authentic print media, including government-issued documents, aerospace industry spare parts documents, pharmaceutical packaging, identification cards, licenses, currency, certifications, travel documents, prescription and medical forms, and school transcripts.

About Aegis­ Aegis has been in business for the past 26 years and maintains a conflict free service platform catering to the needs of private clients, institutions and corporations. Aegis Capital Corporation was founded in 1984 by Robert Eide, the current CEO and Chairman. Aegis origins were based on servicing the specific needs of an extremely affluent customer base. Today, we have become a premiere full?service investment banking firm with eight locations and employees stretching from Florida to Rochester, NY. We have clients in all 50 states and overseas. Aegis has been able to bring quality service through its clearing relationships of Penson and JP Morgan.

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Edward Cabrera