2005
Document Sciences To Revise Policy On Timing Of Revenue Recognition For Initial Software License Fee RevenueCARLSBAD, CA (December 29, 2005) - Document Sciences Corporation (NASDAQ: DOCX - news) today announced that it plans to revise its accounting practice with respect to the revenue recognition for initial software license fee revenue and restate its results for prior periods. As part of the Company’s most recent review of its revenue recognition policy together with Ernst & Young LLP (E&Y), the Company’s independent auditors, the Company determined that the accounting guidance issued by the American Institute of Certified Public Accountants (AICPA) applies to certain of the Company’s software license agreements. The Company’s decision to restate was made in connection with a review of the Company’s most recent Form 10-K by the Corporation Finance Division of the U.S. Securities and Exchange Commission. The Company expects the restatement to result in changes to its historical financial statements for each reporting period during the timeframe from January 1, 1999 through September 30, 2005. Accordingly, the Company’s prior financial statements for such periods should no longer be relied upon.
Media Advisory: Document Sciences Demonstrates xPresso at Digital Asset Management Symposium, Nov. 14-15, 2005 Carlsbad, CA (November 14, 2005) - Document Sciences Corporation (NASDAQ: DOCX) will exhibit and conduct product demonstrations of xPresso™, its newest dynamic content publishing solution during the Digital Asset Management Symposium, Nov. 14-15, 2005 at the Sheraton Los Angeles. In booth #8A, Document Sciences will demonstrate how xPresso enables marketing organizations to communicate more effectively with customers through high-impact, personalized communications.
Media Advisory: Document Sciences Demonstrates Content Publishing Solution At ISOTech®, Nov. 6-8, 2005Carlsbad, CA (November 7, 2005) - Document Sciences Corporation (NASDAQ: DOCX) will exhibit and conduct product demonstrations during ISOTech, Nov. 6-8, 2005 at the Rio All-Suite Hotel in Las Vegas. In booth #408, Document Sciences will highlight how xPression®, its dynamic content publishing solution, enables Property and Casualty (P&C) insurers to automate the personalization and delivery of customer communications, across multiple channels. Attendees will have a chance to view P&C-focused demonstrations of xPression used for producing automated quotes, declarations, policies, billing notices and correspondence.
Document Sciences Announces Third Quarter Financial Results Quarterly Revenue Up by 32%CARLSBAD, CA (November 2, 2005) - Document Sciences Corporation (NASDAQ: DOCX - news) today reported net income for the quarter ended September 30, 2005, of $354,250 compared with net income of $205,461 for the quarter ended September 30, 2004. Net income per share for the quarter ended September 30, 2005, was $0.07 based on 5,454,155 diluted shares outstanding, compared with net income per share of $0.04, based on 5,044,337 diluted shares outstanding for the same quarter in 2004. Revenues for the three months ended September 30, 2005, were $7.9 million, the highest quarterly revenue in the company's history, and an increase of 32% from the revenues of $6.0 million for the quarter ended September 30, 2004.
Benmark Partners with Document Sciences to Resell Dynamic Content Publishing SolutionLONDON, ENGLAND (November 1, 2005) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise business communications, today announced that it has signed an agreement with Benmark, a leading provider in Germany, Austria and Switzerland of EMC Documentum's enterprise content management (ECM) solutions and services. Benmark will enhance its current system integration capabilities by offering Document Sciences' xPression® content publishing suite for automating customer communications.
Crown Partners Signs Up to Resell Document Sciences' xPresso™CARLSBAD, CA (October 24, 2005) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise business communications, today announced that it has signed an agreement with Crown Partners, LLC., a leading provider of EMC Documentum's enterprise content management (ECM) products, solutions and services. Crown Partners will resell Document Sciences' xPresso solution within North America. The new agreement will target organizations seeking to extend their EMC Documentum ECM and digital asset management solutions with Document Sciences' xPresso solution.
SWORD GROUP to Develop a Dynamic Enterprise Publishing Practice In Europe Based Around Document Sciences' xPressionLondon, England (October 20, 2005) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise business communications, today announced that it has signed an agreement with SWORD GROUP, a global leader in Enterprise Content Management (ECM) best practices and services provision. SWORD will develop a Dynamic Enterprise Publishing practice based around the implementation and integration of Document Sciences' xPression solution, and will resell xPression within the European market.
Document Sciences Announces Beta Release of New xPresso Product During DMA05 Conference and ExhibitionCARLSBAD, CA (October 17, 2005) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise business communications, is proud to announce the beta release of its latest dynamic content publishing product - xPresso. Document Sciences will demonstrate xPresso in booth #1554 at the DMA05 Conference and Exhibition, being held at the Georgia World Congress Center in Atlanta, GA, October 15-19, 2005.
Document Sciences' Dynamic Content Publishing Solutions Will Be Showcased During DMS ExpoCARLSBAD, CA (September 22, 2005) - Document Sciences Corporation (NASDAQ: DOCX), a proven leader and innovator in automating the creation and delivery of enterprise business communications, will be exhibiting at the DMS Expo, Europe's leading event for enterprise content and document management, being held in Essen, Germany from September 27-29, 2005.
Document Sciences Named to Software Magazine's 23rd Annual Software 500CARLSBAD, CA (Sept. 22, 2005) - Document Sciences (NASDAQ: DOCX) today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on www.Softwaremag.com.
CSC and Document Sciences Integrate Systems to Streamline Document Creation and DeliveryEL SEGUNDO and CARLSBAD, CA - (August 31, 2005) - Computer Sciences Corporation (NYSE: CSC) and Document Sciences Corporation (NASDAQ: DOCX) today announced a cooperative marketing agreement under which the policy and forms creation and delivery capabilities of Document Sciences' xPression have been integrated with CSC's nbAccelerator and CyberLife software.
Document Sciences Appoints Marge Breya to Its Board of DirectorsCARLSBAD, CA (August 22, 2005) - Document Sciences Corporation (Nasdaq: DOCX – news) today announced that it has appointed Marge Breya, Senior Vice President and Chief Marketing Officer of BEA Systems, Inc., to its Board of Directors.
Document Sciences Announces Second Quarter Financial ResultsCARLSBAD, CA (August 4, 2005) - Document Sciences Corporation (NASDAQ: DOCX - news) today reported a net loss for the quarter ended June 30, 2005, of $23,606 compared with net income of $165,270 for the quarter ended June 30, 2004.
xPression® from Document Sciences Receives EMC Designed for Documentum AccreditationCarlsbad, CA (May 20, 2005) - Document Sciences (NASDAQ: DOCX), the leader in dynamic content publishing solutions, today announced that its flagship xPression is now available on the EMC Documentum 5.3 platform.
Document Sciences' xPression® Highlighted in IBM's Life Core Insurance Solution Showcased during ACORD LOMACARLSBAD, CA (May 19, 2005) - Document Sciences Corporation (NASDAQ: DOCX), an IBM Business Partner, will be participating with IBM during ACORD LOMA in a live demonstration that shows how straight-through-processing of a universal life policy, from data capture to policy issuance, can be achieved using a services-oriented architecture and insurance industry standards approach.
Document Sciences Announces First Quarter Financial ResultsCARLSBAD, CA (April 28, 2005) - Document Sciences Corporation (NASDAQ: DOCX - news) today reported net income for the quarter ended March 31, 2005, of $114,982 compared with net income of $112,112 for the quarter ended March 31, 2004. Net income per share for the quarter ended March 31, 2005, was $0.02 based on 5,136,575 diluted shares outstanding, compared with net income per share of $0.03, based on 4,401,047 diluted shares outstanding for the same quarter in 2004. Revenues for the quarter ended March 31, 2005, were $6.9 million, an increase of 32% from the revenues of $5.3 million for the quarter ended March 31, 2004.
Celent Names Document Sciences as Insurance Category Leader for Policies and CorrespondenceCARLSBAD, CA (April 25, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today that it has once again been named by Celent Communications as a leading provider in the company's "Insurance Software Deal Trends" reports, which were published late last week.
Document Sciences to Host 1st Quarter 2005 Earnings Conference Call and WebcastCARLSBAD, CA (April 25, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today that its first quarter earnings conference call with financial analysts and investors will take place on Thursday, April 28, 2005 at 1:00 PM PST (4:00 PM EST).
Document Sciences Announces xPression® 2.1 UpdateCARLSBAD, CA (April 12, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today the general availability of xPression 2.1 of its award-winning dynamic content publishing solution that allows organizations to communicate with customers in real time and batch with highly personalized, regulatory compliant contracts, policies, proposals, & correspondence.
Gerber Life Moves to xPressionCARLSBAD, CA (March 3, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today that Gerber Life Insurance Company, an affiliate of Gerber Products, has chosen to standardize its customer communications on Document Sciences’ award-winning xPression dynamic content publishing architecture.
Document Sciences Announces Fourth Quarter and Year End Financial ResultsCARLSBAD, CA (February 4, 2005) - Document Sciences Corporation (NASDAQ: DOCX) today reported net income for the year ended December 31, 2004, of $718,873 compared with a net loss of $1.8 million for the year ended December 31, 2003.
Document Sciences to Host 4th Quarter 2004 Earnings Conference CallCARLSBAD, CA (January 21, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today that its fourth quarter and full year 2004 earnings conference call with financial analysts and investors will take place on Friday, February 4, 2005 at 10:00 am PST.
xPresso From Document Sciences Receives EMC Designed for Documentum AccreditationCARLSBAD, CA (January 1, 2005) - Document Sciences Corporation (NASDAQ: DOCX), the leader in dynamic content publishing solutions, today announced that xPresso™, the newest addition to their product suite, has received the EMC Designed for Documentum designation, a mark of quality and value that customers depend on to minimize risk and optimize applications.
Genworth Financial Chooses xPression®CARLSBAD, CA (January 5, 2005) - Document Sciences Corporation (NASDAQ: DOCX) announced today that Genworth Financial, Inc. (NYSE: GNW), a leading insurance holding company, has chosen to implement Document Sciences' award-winning xPression content processing services technology.