Document Capture Technologies, Inc. Provides Select Financial Guidance for Fiscal 2008

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Management Exercises One Million Founders Options SAN JOSE, Calif., Feb. 14 /PRNewswire-FirstCall/ -- Document Capture Technologies, Inc., (OTC:DCMT) (BULLETIN BOARD: DCMT) today provided its financial outlook for selected financial and operating metrics for the full year 2008. The company plans to report its fourth quarter and full fiscal year 2007 operating results on Feb. 27. "During the last 90 days, we announced the termination of all research and development efforts related to our high definition LCOS display initiatives and changed our name to more accurately reflect our renewed focus on our core document capture business," said Carolyn Ellis, Chief Financial Officer, Document Capture Technologies, Inc. "By taking these actions it was our intent to significantly reduce our non-revenue generating expenses, dedicate all of our resources and focus to our core business, and improve our overall bottom line financial performance. We are now in the position where we have the appropriate level of visibility in our 2008 pipeline and financial model to provide investors with a clearer basis for our optimism as we continue to grow the company." The Company expects that for full year 2008, revenues from its document capture, or mobile scanning business, will be in the range of $18 million to $19 million and that gross margin will remain steady in the 38%-40% range. Further, the company expects that its 2008 full year reported non-GAAP adjusted EPS (excluding derivative and options expenses) will be in the range of $0.13 to $0.15 per diluted share. David P. Clark, the company's Chief Investment Officer went on to say, "We have been successful in developing and launching innovative products and solutions that serve a wide range of expanding vertical markets, and as a result have reduced our customer concentration risk in the past year. Our company's robust and expanding product line of market-proven, proprietary document capture solutions for commercial, business and personal use, facilitates the way information is captured, stored, shared and managed in today's digital information age. In fact, we expect the introduction of three additional products to the market in 2008 to continue to drive our growth, as we benefit from the transition from paper documents to 'digital' and 'mobile' formats. We are a re-invigorated company and are clearly focused on the opportunities we see in the expanding document capture marketplace." Separately, Darwin Hu, William S. Hawkins, and David P. Clark, the company's Chief Executive Officer, Chief Operating Officer, and Chief Investment Officer, respectively, reported the exercise of founder stock options in the aggregate amount of 1.0 million shares, reflecting management's confidence in the strength of the company's business, outlook, and the value that it sees in its shares at current market prices. About Document Capture Technologies, Inc. Document Capture Technologies, Inc. (OTC:DCMT) (BULLETIN BOARD: DCMT) , 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 Document Capture Technologies, Inc. David P. Clark Chief Investment Officer and Director (561) 835-4069 Hayden Communications Peter Seltzberg Investor Relations (646) 415-8972 DATASOURCE: Document Capture Technologies, Inc. CONTACT: David P. Clark, Chief Investment Officer and Director of Document Capture Technologies, Inc., +1-561-835-4069, ; or Peter Seltzberg, Investor Relations of Hayden Communications, +1-646-415-8972, , for Document Capture Technologies, Inc. Web site: http://www.sysviewtech.com/

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