This is topic DDSI any news in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by derailedmp1 on :
 
Anybody heard rumor of news? Looks to be a good buy-in price.
 
Posted by Bluemound_Freak on :
 
Been at this price for a while! I wish they would give us something! Those Conventions have been over for 2 weeks now and still nothing!

I'm getting tired of holding!
 
Posted by JIF on :
 
Oh yeah - I'm a huge fan of DDSI at .0004

In fact, I bought another 2k this morning.

I love DDSI, TNGO, and AMHD all at these current levels.
 
Posted by RagsToRiches on :
 
these are bargain prices....i wish i have more money
 
Posted by Bluemound_Freak on :
 
Bargain prices yes........but when will this start to pay off? That is what I am worried about. Putting too many eggs in this basket while other opportunities pass us by!

I guess I am just bitter.....Cause I'm Poor:D
 
Posted by RagsToRiches on :
 
patience gets you rich when you buy them cheap
 
Posted by Bluemound_Freak on :
 
True!
 
Posted by databig on :
 
over at the hub alot of talk, guess some people have talked to Shupin sounds good,
 
Posted by Leardron on :
 
I put $2k in. I heard there are rumors of a merger coming up. Nothing validated just rumors. Would love to see this one pop.
 
Posted by explorer186 on :
 
I heard OS is only 800 mil. I'm back in, could go like JPHC.
 
Posted by RagsToRiches on :
 
looks like when Shupin said he was meeting with companies literally every week, he wasn't kidding. I expect news soon.
 
Posted by explorer186 on :
 
[From IHub. What is this all about! If true, could be going very higher soon.]

Posted by: CIGARS19
In reply to: lobogotti who wrote msg# 781
Date:10/13/2005 3:40:34 PM
Post #of 783

Mr. Shupin told me about 2 hours that according to the "NOBO" sheet, (which updates the company on who owns the stock) ,Major buying is coming from Saudi Arabian interests. although he has no idea who they are. But he said if it keeps up, soon they will own a percentage so large that they will have to report their position to the SEC.
Pretty interesting.
 
Posted by RagsToRiches on :
 
Saudi Arabian? I think they would need CGM products to lock up their money chests.
 
Posted by explorer186 on :
 
LOL good one
 
Posted by Leardron on :
 
If this is who I think it is. This stock is going to go ballistic. I think this is the same interest that ran up TNOG a couple of months ago. Don't hold me to that but if it is hold on to your hats.
 
Posted by RagsToRiches on :
 
ask up to .0005.
something's up for tomorrow
 
Posted by explorer186 on :
 
Did you guys see what I just saw WOW
 
Posted by explorer186 on :
 
Volume going through the roof now
 
Posted by explorer186 on :
 
We had record volume today
 
Posted by m69jump on :
 
http://www.ddsi-cpc.com/ yes I like this imo
 
Posted by m69jump on :
 
http://stockcharts.com/def/servlet/SC.web?c=DDSI,uu[m,a]daoayiay[dc][pa][vc60][iUl14!Lb14]&pref=G
 
Posted by explorer186 on :
 
Oh man! The website is updated. Finally! Very cool.
 
Posted by RagsToRiches on :
 
I really like CGM's website.

http://www.cgmsecuritysolutions.com
 
Posted by explorer186 on :
 
I found a jewel on the website. Something big is coming, get ready.
 
Posted by RagsToRiches on :
 
which website and what?
 
Posted by explorer186 on :
 
From website:

Send mail to webmaster*ddsi-cpc.com with questions or comments about this web site.
Last modified: 10/13/05
 
Posted by RagsToRiches on :
 
that's today. What's the significance?
 
Posted by RagsToRiches on :
 
holy cow, are you thinking what i'm thinking?
 
Posted by m69jump on :
 
my group is buying we like glta.........
 
Posted by explorer186 on :
 
Man you just have to visit it to see how good it is: http://www.ddsi-cpc.com/

57300 hits so far.
 
Posted by RagsToRiches on :
 
I think this new trailer security will be a hit. Trailers full of expensive cargo cannot be hijacked.

http://www.cgmsecuritysolutions.com/sw/common/custom/internet/custompage.asp/SETSESS/1/ASE/96/MSE/0/USE/1/TSE/1/LSE/1/SSE/3109/OSE/1/SWSESSIONID/NAA4ACgAKQAhADcALwAyACMAMAAwACIA
 
Posted by RagsToRiches on :
 
quote:
Originally posted by explorer186:
Man you just have to visit it to see how good it is: http://www.ddsi-cpc.com/

57300 hits so far.

57400 hits now. Looks like the word is spreading.
 
Posted by m69jump on :
 
sweet agree 100%
 
Posted by RagsToRiches on :
 
looks like an up day
 
Posted by explorer186 on :
 
Could use some volume. News could do the trick.
 
Posted by RagsToRiches on :
 
low volumes means few sellers. This thing can run on news anytime.
 
Posted by Bluemound_Freak on :
 
Volume has shot way up in the last 20 minutes?
 
Posted by RagsToRiches on :
 
ask up to .0006
 
Posted by mbmaid on :
 
Tick up, 0005 x 0006
 
Posted by Bluemound_Freak on :
 
I wish they would give us a crumb or something! Daddy needs some new shoes!
 
Posted by Fairly_New on :
 
Something happening here today ???
 
Posted by Bluemound_Freak on :
 
Hoping so! Think something may be in the works but we are not sure!
 
Posted by jmichael7 on :
 
building bid support alittle better now
 
Posted by RagsToRiches on :
 
looking good for MOnday if news comes out!
 
Posted by RagsToRiches on :
 
anyone got anything on the Saudi news?
 
Posted by Fairly_New on :
 
looking for a big day tomorrow come on 300 MIL
 
Posted by jmichael7 on :
 
RSI needs to break 50 perferably tomorrow on high vol. first resistances .0008, .0009 (heavy) then .0015 & .0025'ish imo

 -
 
Posted by Fairly_New on :
 
lots of volume today -- looks like just mirror trading -- anyone know whats up
 
Posted by explorer186 on :
 
OS info updated on the website: http://www.ddsi-cpc.com/investor_relations.htm

OS is 1.825 billion. Oh well, same as JPHC.
 
Posted by Bluemound_Freak on :
 
not the price!
 
Posted by explorer186 on :
 
Market cap currently $730K for a $3.2+ million per year company
 
Posted by Fairly_New on :
 
80 MIL and still at .0003 X .0004 Whats going on ??
 
Posted by explorer186 on :
 
DDSI good buy opp. Looks like some panic selling after release of OS: 1.825 billion: http://www.ddsi-cpc.com/investor_relations.htm
 
Posted by kywee on :
 
quote:
Originally posted by m69jump:
http://www.ddsi-cpc.com/ yes I like this imo

how do you like that pos? how can a company have a preloaded front page layout haha
 
Posted by explorer186 on :
 
kywee you should have seen the website before. Man it was like from the birth of the Web browser.
 
Posted by kywee on :
 
haha
 
Posted by explorer186 on :
 
Now 160 million traded
 
Posted by Fairly_New on :
 
finally upticking
 
Posted by Fairly_New on :
 
anyone have the L2's please
 
Posted by johnny14511 on :
 
anybody think this can be a runner for tommorow?


some little extra info:


Exchange: OTCBB Ticker: DDSI.PK
*
Outstanding Shares: 1,825,113,478 (as of October 11, 2005)
2003 Revenue: $650,650
Accountants: Rosenberg Rich Baker Berman & Company
Bridgewater, New Jersey 08807
 
Posted by johnny14511 on :
 
52 Wk Hi
0.0036

52 Wk Lo
0.0001


anybody think it has potential to run?
 
Posted by johnny14511 on :
 
3 Months Close Prices
Date Ex : Sym Open High Low Close Chg Vol #Tr Bid Ask
2005-10-14 Q : DDSI 0.0005 0.0006 0.0005 0.0006 0.0002 95,682,653 82 0.0004 0.0006
2005-10-13 Q : DDSI 0.0004 0.0005 0.0003 0.0004 0.00 276,054,600 80 0.0003 0.0005
2005-10-12 Q : DDSI 0.0005 0.0005 0.0003 0.0004 0.00 186,117,311 81 0.0003 0.0005
2005-10-11 Q : DDSI 0.0005 0.0005 0.0004 0.0004 -0.0001 120,269,397 70 0.0003 0.0005
2005-10-10 Q : DDSI 0.0005 0.0006 0.0004 0.0005 0.00 99,095,000 63
2005-10-07 Q : DDSI 0.0005 0.0006 0.0005 0.0005 -0.0001 10,497,000 10 0.0004 0.0007
2005-10-06 Q : DDSI 0.0006 0.0006 0.0004 0.0006 0.00 168,294,301 50 0.0004 0.0007
2005-10-05 Q : DDSI 0.0007 0.0007 0.0005 0.0006 -0.0001 165,070,701 75 0.0005 0.0007
2005-10-04 Q : DDSI 0.0006 0.0009 0.0006 0.0007 0.00 244,138,277 98 0.0006 0.0009
2005-10-03 Q : DDSI 0.0006 0.0008 0.0006 0.0007 0.0001 32,696,925 40 0.0005 0.0009
2005-09-30 Q : DDSI 0.0006 0.001 0.0005 0.0006 0.00 142,650,159 106 0.0005 0.0006
2005-09-29 Q : DDSI 0.0009 0.0009 0.0005 0.0006 0.00 103,232,000 65 0.0005 0.0009
2005-09-28 Q : DDSI 0.0007 0.0009 0.0005 0.0006 -0.0002 155,786,540 81 0.0005 0.0009
2005-09-27 Q : DDSI 0.0007 0.0009 0.0007 0.0008 0.00 9,314,265 19 0.0006 0.0009
2005-09-26 Q : DDSI 0.0008 0.001 0.0007 0.0008 0.00 158,996,706 128 0.0005 0.0009
2005-09-23 Q : DDSI 0.0006 0.0012 0.0005 0.0008 0.0003 301,924,615 357 0.0007 0.0011
2005-09-22 Q : DDSI 0.0006 0.0006 0.0004 0.0005 -0.0001 136,901,665 70 0.0004 0.0008
2005-09-21 Q : DDSI 0.0007 0.0007 0.0005 0.0006 -0.0001 65,432,245 56 0.0005 0.0009
2005-09-20 Q : DDSI 0.0007 0.0008 0.0005 0.0007 0.0001 36,780,056 45 0.0006 0.0008
2005-09-19 Q : DDSI 0.0008 0.0008 0.0005 0.0006 -0.0001 73,564,285 32 0.0005 0.0008
2005-09-16 Q : DDSI 0.0007 0.0008 0.0006 0.0007 -0.0001 133,292,875 74 0.0005 0.0008
2005-09-15 Q : DDSI 0.0006 0.0009 0.0006 0.0008 0.0002 32,497,000 59 0.0005 0.0012
2005-09-14 Q : DDSI 0.0008 0.0008 0.0006 0.0006 -0.0001 15,305,827 31 0.0005 0.0012
2005-09-13 Q : DDSI 0.0007 0.0007 0.0005 0.0007 0.0001 142,756,827 89 0.0005 0.0011
2005-09-12 Q : DDSI 0.0009 0.0009 0.0006 0.0006 -0.0002 95,462,661 81 0.0005 0.0012
2005-09-09 Q : DDSI 0.0008 0.0012 0.0001 0.0008 0.0002 75,877,954 130 0.0007 0.001
2005-09-08 Q : DDSI 0.0006 0.0009 0.0006 0.0006 0.00 116,450,933 86 0.0005 0.0013
2005-09-07 Q : DDSI 0.0008 0.0008 0.0005 0.0006 -0.0002 104,740,351 88 0.0005 0.0013
2005-09-06 Q : DDSI 0.0009 0.001 0.0007 0.0008 -0.0001 173,356,920 132 0.0006 0.0013
2005-09-02 Q : DDSI 0.001 0.001 0.0008 0.0009 -0.0001 168,956,794 126 0.0008 0.0013
2005-09-01 Q : DDSI 0.0011 0.0014 0.0009 0.001 -0.0001 174,832,386 196 0.0009 0.0013
2005-08-31 Q : DDSI 0.0011 0.0014 0.0009 0.0011 0.0001 198,278,500 181 0.001 0.0014
2005-08-30 Q : DDSI 0.001 0.0011 0.0009 0.001 0.00 25,248,873 47 0.0009 0.0013
2005-08-29 Q : DDSI 0.0013 0.0013 0.001 0.001 -0.0003 109,873,465 96 0.0009 0.0013
2005-08-26 Q : DDSI 0.0014 0.0014 0.0009 0.0013 -0.0001 101,554,581 133 0.0012 0.0015
2005-08-25 Q : DDSI 0.0008 0.0014 0.0008 0.0014 0.0005 79,187,189 139 0.0012 0.0015
2005-08-24 Q : DDSI 0.0011 0.0011 0.0007 0.0009 -0.0002 61,876,882 118 0.0006 0.0012
2005-08-23 Q : DDSI 0.0013 0.0014 0.0011 0.0011 -0.0003 52,348,025 92 0.001 0.0012
2005-08-22 Q : DDSI 0.0015 0.0015 0.0012 0.0014 0.00 25,513,718 72 0.0011 0.003
2005-08-19 Q : DDSI 0.0016 0.0018 0.0011 0.0014 -0.0003 158,218,399 171 0.0011 0.0022
2005-08-18 Q : DDSI 0.0016 0.0019 0.0014 0.0017 0.0001 47,765,484 122 0.0015 0.0019
2005-08-17 Q : DDSI 0.0013 0.0025 0.0013 0.0016 0.0003 109,665,119 243 0.0015 0.002
2005-08-16 Q : DDSI 0.0019 0.0019 0.0012 0.0013 -0.0008 165,579,741 258 0.0012 0.0015
2005-08-15 Q : DDSI 0.0026 0.0036 0.0003 0.002 0.0001 116,211,347 258 0.0017 0.0021
2005-08-12 Q : DDSI 0.0011 0.0031 0.0011 0.0024 0.0014 217,815,816 629 0.0024 0.0026
2005-08-11 Q : DDSI 0.0005 0.0012 0.0005 0.001 0.0006 250,154,273 371 0.0009 0.0011
2005-08-10 Q : DDSI 0.0004 0.0006 0.0004 0.0004 0.00 8,857,019 23 0.0004 0.0006
2005-08-09 Q : DDSI 0.0004 0.0005 0.0003 0.0004 0.00 11,376,200 22 0.0003 0.0006
2005-08-08 Q : DDSI 0.0006 0.0006 0.0004 0.0004 -0.0001 67,106,289 42 0.0003 0.0005
2005-08-05 Q : DDSI 0.0007 0.0007 0.0005 0.0005 0.00 9,612,857 20 0.0004 0.0011
2005-08-04 Q : DDSI 0.0007 0.0007 0.0005 0.0005 -0.0002 14,607,142 19 0.0004 0.0011
2005-08-03 Q : DDSI 0.0007 0.0008 0.0007 0.0007 0.00 19,125,714 22 0.0006 0.0011
2005-08-02 Q : DDSI 0.0006 0.0009 0.0006 0.0007 0.00 17,424,460 41 0.0007 0.0009
2005-08-01 Q : DDSI 0.0005 0.0008 0.0004 0.0007 0.0003 41,080,486 49 0.0003 0.0008
2005-07-29 Q : DDSI 0.0004 0.0005 0.0003 0.0004 -0.0001 50,930,100 39 0.0003 0.001
2005-07-28 Q : DDSI 0.0004 0.001
2005-07-27 Q : DDSI 0.0005 0.0005 0.0004 0.0005 0.00 18,692,200 13 0.0004 0.001
2005-07-26 Q : DDSI 0.0005 0.0006 0.0005 0.0005 0.00 29,364,111 17 0.0004 0.0006
2005-07-25 Q : DDSI 0.0007 0.0007 0.0005 0.0005 -0.0002 380,100 6 0.0004 0.001
2005-07-22 Q : DDSI 0.0005 0.0007 0.0005 0.0007 0.0002 3,230,000 10 0.0005 0.0007
2005-07-21 Q : DDSI 0.0005 0.0005 0.0005 0.0005 0.00 34,949,700 14 0.0004 0.001
2005-07-20 Q : DDSI 0.0005 0.0005 0.0005 0.0005 -0.0001 33,430,000 19 0.0004 0.001
2005-07-19 Q : DDSI 0.0005 0.0007 0.0005 0.0006 0.00 1,914,000 10 0.0006 0.0007
2005-07-18 Q : DDSI 0.0007 0.0007 0.0004 0.0006 0.0001 28,495,555 33 0.0004 0.001 http://www.stockwatch.com/swnet/utilit/utilit_snapsh_result.aspx?action=go&symbol=DDSI®ion=U&snapshot=SX
 
Posted by Fairly_New on :
 
so how much volume will it take to move this Bi*ch
 
Posted by johnny14511 on :
 
ANYBODY THINK ITLL BE A RUNNER FOR TOMMOROW?????????
 
Posted by Bluemound_Freak on :
 
quote:
ANYBODY THINK ITLL BE A RUNNER FOR TOMMOROW?????????

Been sitting here with my fingers crossed hoping that we would get a little news. If news then yes this baby will pop, but if not I see it doing the same thing it has done Friday and Today!
 
Posted by johnny14511 on :
 
ANYBODY GOT GOOD DD ON THIS STOCK
 
Posted by Fairly_New on :
 
So whats up on this

Can someone post the L2's --


so how much volume will it take to move this Bi*ch
 
Posted by hatteras on :
 
I tried to get in at .0003 but couldn't get filled whne it dropped earlier today. The base is .0004 - .0005, if we could get some volume and good pr that base could move back up to previous levels of around .0008 -.0009 and pop up from there. Anything new with seminars, orders, etc. I noticed something coming up with hisc on Oct 30, is ddsi involved?
 
Posted by Fairly_New on :
 
OK everyone --- what this going to take to uptick this back to .0004 X .00056
 
Posted by Fairly_New on :
 
So we busted it to .0005 with bid X Ask .0003 X .0004 --- what happened
 
Posted by fishy_up_here on :
 
when something strange happens, it's a good sign
 
Posted by Fairly_New on :
 
Agreed
 
Posted by RagsToRiches on :
 
Talking about good signs, here is one:
http://www.*************.com/StockPage.asp?CompanyTicker=DDSI&MarketTicker=OTC&TYP=S

Here is another one: If the St. Louis Cardinals win tonite, tomorrow will be a big day for DDSI.
This one's for Fairly_New.
 
Posted by RagsToRiches on :
 
****= american bulls
 
Posted by TechGuy on :
 
http://www.*************.com/StockPage.asp?CompanyTicker=DDSI&MarketTicker=OTC&TYP=S

American Bull has ddsi as a confirmed buy today
 
Posted by Bluemound_Freak on :
 
What do you know..........AB lists this as a buy confirmed and it still goes down. These clowns at DDSI will continue to let this go down if all they ever do is give us PR's that tell where they are showing their products and not the ones letting us know if anyone is actually interested in buying their products. I mean c'mon I have seen the last 3 PR's say the same thing.........we are going to a trade show! Well What about the sales from the Trade shows, if you have been to 3 trade shows and not gotten a single contract from them then something is wrong!
 
Posted by JIF on :
 
I love this chart. DDSI is timed to explode to .002 imho.

Last time, I got impatient and sold the day it started to move. I missed 20k of profit.

Not going to happen again. I'm waiting this one out!
 
Posted by Bluemound_Freak on :
 
I love this chart. DDSI is timed to explode to .002 imho.

Boy I hope you are right! Soon as it hits that I am going to take the rest of the year off! [Big Grin]
 
Posted by stockaholic on :
 
So, why did this drop down so low? Was it the lack of solid news or any dilution spec? This seems to be a bargain but I have a buy of 10 mil at .0001 Would love to see it fill and run back to .002 [Big Grin]
 
Posted by hatteras on :
 
Can this stock make another run, without a major contract? The PR has been consistant over the last 3 months and only once has it had a major run up, that happened when the first batch of seminar news came out. Has anyone talked to the ceo about contracts or new products?
 
Posted by kywee on :
 
take a look at their web site haha. thats enough to make it go to .0001
 
Posted by JIF on :
 
what are you guys talking about - no pr. Look at what the released this week. It's everything and anything you could ever ask for:

10QSB: DIGITAL DESCRIPTOR SYSTEMS INC

By Edgar Online - (EDG = 10Q, 10K)
Last Update: 11/14/2005 12:37:00 PM
Data provided by

(EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following is management's discussion and analysis of certain significant factors that will have affected our financial condition and results of operations. Certain statements under this section may constitute "forward-looking statements". The following discussion should be read in conjunction with our financial statements and notes thereto included in this report.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

CRITICAL ACCOUNTING POLICIES

No material changes have occurred in the disclosure with respect to our critical accounting policies set forth in our Annual Report form 10-KSB for the fiscal year ended December 31, 2004.

RESULTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2005 COMPARED TO THE THREE MONTHS ENDED

Revenues for the three months ended September 30, 2005, of $1,118,922 increased $1,047,854 or 1,474% from the three months ended September 30, 2004. The Company generates its revenues through software licenses, hardware, post customer support arrangements, security tape, labels and other security related items and other services. The increase in the Company's revenue is directly attributed to the acquisition of CGM, on March 1, 2005. DDSI is still experiencing a decrease in software maintenance contract dollar amount, a loss in client base, and the lack of new product offerings to their clients. Cost of revenue sold increased by $298,054 due to the increase of sales attributed to the CGM subsidiary.

General and Administrative expenses for the three month period ending September 30, 2005, was $635,911 versus $58,355 for the same period prior year for an increase of $577,556. This increase was mainly attributable to the acquisition of CGM which added costs in all areas, but mainly in the area of payroll due to the added personnel acquired with the CGM subsidiary.

Selling and Marketing expenses increased $12,052 for the three months period ended September 30, 2005 to $22,903 from $10,851 for the same period in 2004, which represents a 111% increase. This increase was mainly attributable to costs associated with CGM Sub where the Company is ramping up its advertising, trade shows attendance and the addition of sales reps.

Research and development for the three months ended September 30, 2005, was $25,725 compared to $4,864 for the same period prior year for a increase of $20,861. The increase was due to the expansion in development expenses as the Company looks for ways to expand its revenue base by upgrading its products.

The net loss for the Company increased 155% for the three months ended September, 2005, to $444,509 from $174,231 for the three months ending September 30, 2004. This was principally due to the increase in expenses in the cost of sales, general & administrative and interest expense on the Company's debt.

NINE MONTHS ENDED SEPTEMBER 30, 2005 COMPARED TO THE NINE MONTHS ENDED SEPTEMBER

Revenues for the nine months ended September 30, 2005, of $2,143,310 increased $1,895,051 or 763% from the nine months ended September 30, 2004. The Company generates its revenues through software licenses, hardware, post customer support arrangements security tape and other security related items and other services. The increase in the Company's revenue is directly attributed to the acquisition of CGM, on March 1, 2005. DDSI is still experiencing a decrease in software maintenance contract dollar amount, a loss in client base, and the lack of new product offerings to their clients. Cost of revenue increased by $785,248 due to the higher sales in CGM Sub.

General and Administrative expenses for the nine month period ending September 30, 2005, was $1,411,364 versus $305,756 for the same period prior year for an increase of $1,105,608. This increase was mainly attributable to the acquisition of CGM which added costs in all areas, areas but mainly in the area of payroll due to the added personnel acquired with the CGM subsidiary.

Selling and Marketing expenses increased $53,653 for the nine months period ended September 30, 2005 to $101,973 from $48,320 for the same period in 2004, which represents a 111% increase. This increase was mainly attributable to costs associated with CGM Sub where the Company is ramping up its advertising, trade show attendance and the addition of sales reps.

Research and development for the nine months ended September 30, 2005, was $77,331 compared to $17,037 for the same period prior year for a increase of $60,294. The increase was due to the expansion in development expenses as the Company looks for ways to expand its revenue base by upgrading its products.

The net loss for the Company increased 142% for the nine months ended September, 2005, to $1,739.084 from $716,712 for the nine months ending September 30, 2004. This was principally due to the increase in expenses in the cost of sales, general & administrative, and interest expense on the Company's debt.

PLAN OF OPERATIONS

ACQUISITION OF CGM

On March 1, 2005, DDSI and CGM Sub acquired substantially all of the assets of CGM, for (i) $1,500,000 in cash and (ii) a 2.86% promissory note (the "Note") in the principal amount of $3,500,000, subject to adjustment (the "Acquisition"). The assets of CGM were acquired pursuant to an Asset Purchase Agreement among DDSI, CGM Sub and CGM dated as of February 25, 2005.

The principal amount of the Note is subject to adjustment based upon the average of (i) the gross revenues of CGM Sub for the fiscal year ending December 31, 2007 and (ii) an independent valuation of CGM Sub based upon the consolidated audited financial statements of the Company and CGM Sub for the fiscal years ending December 31, 2006 and 2007. In addition, the Company has granted CGM a secondary security interest in substantially all of its assets and intellectual property.

In connection with the Acquisition, the Company entered into a letter agreement with certain of its investors (the "Investors") which extended the maturity date of debt instruments issued on November 30, 2004 until March 1, 2008, and amended the conversion price of the debt that is held by the Investors to the lower of

THE SHORT-TERM OBJECTIVE OF DDSI IS THE FOLLOWING:

The Company plans to spend the majority of it's time and efforts on increasing the revenue and marketplace of its wholly owned subsidiary, CGM Applied Security Technologies, as it feels that there is a much greater potential for growth of the product line of CGM. In order to accomplish this, the Company has hired additional sales people and is increasing its marketing budget in order to expand the awareness of CGM's product line. In addition, the Company has begun a complete revamping of the company's infrastructure in order to make it better able to respond to the need of its customers and to give management the reporting it needs on a timely basis.

To continue to expand the sale and acceptance of its core solutions by offering new and synergistic biometric (a measurable, physical characteristic or personal behavioral trait used to recognize the identity, or verify the claimed identity, of an individual) (i.e. FMS) security products to its installed base in the criminal justice market. DDSI's objective is to expand with these, and additional products, into much larger commercial and federal markets.

Additionally, DDSI plans to execute an acquisition strategy based upon the availability of financing.

We also plan to add additional product lines as a Value Added Reseller. Technologies related to DDSI's core business can bring additional cash flow with relatively small internal development capital outlay.

DDSI'S LONG-TERM OBJECTIVE IS AS FOLLOWS:

To enhance its sales of the product line acquired with the acquisition of CGM both domestically and internationally, though the addition of sales representative and distributors

To seek additional products to sell into its basic business market - Criminal Justice - so that DDSI can generate sales adequate enough to allow for profits. New products include biometric devices such as FMS (Fingerprint Matching System) and our integrated digital image and fingerprint package, Identify on Demand.

DDSI believes that it will not reach profitability until the year 2006. Over the next twelve months, management is of the opinion that sufficient working capital will be obtained from operations and external financing to meet DDSI's liabilities and commitments as they become payable. DDSI has in the past successfully relied on private placements of common stock securities, bank debt, loans from private investors and the exercise of common stock warrants in order to sustain operations. If DDSI is unable to obtain additional funding in the future, it may be forced to curtail or terminate operations.

DDSI is doing the following in its effort to reach profitability:

o The Company is putting a great deal of effort to increase the sales of the CGM subsidiary. The Company believes at this time that the most significant growth in revenue will come from CGM and its product lines.

o Cutting costs in areas that add the least value to DDSI.

o Deriving funds through investigating business alliances with other companies who may wish to license the FMS SDK (software developer's kit).

o Increasing revenues through the introduction of Compu-Capture(R), specifically towards kindergarten through twelfth grades, for the creation of ID cards.

o Increasing revenues through the introduction of a scaled down version of our Compu-Capture(R) product.

o Increasing revenues through the addition of innovative technologies as a Value Added Seller.

o Acquiring and effectively adding management support to profitable companies complementary to its broadened target markets.

LIQUIDITY AND CAPITAL RESOURCES

We had net losses of $1,739,084 and $716,712 during the nine months ended September 30, 2005 and 2004, respectively. As of September 30, 2005, we had a cash balance in the amount of $280,434 and current liabilities of $2,080,167 which includes $3,000 due to officers and directors. The total amount of notes payable and debentures is $9,112,577. We may not have sufficient cash or other assets to meet our current liabilities. In order to meet these obligations, we may need to raise cash from the sale of securities or from borrowings.

The Company's revenues have been insufficient to cover the cost of revenues and operating expenses. Therefore, the Company has been dependent on private placements of its Common Stock and issuance of convertible notes in order to sustain operations. In addition, there can be no assurances that the proceeds from private placements or other capital will continue to be available, or that revenues will increase to meet the Company's cash needs, or that a sufficient amount of the Company's Common Stock or other securities can or will be sold or that any Common Stock purchase options/warrants will be exercised to fund the operating needs of the Company.

The Company has contractual obligations of $11,015,541 as of September 30, 2005. These contractual obligations, along with the dates on which such payments are due are described below:

The Company is currently in default on several of the convertible debentures above but considers them to be long term since they will not be settled within one year even though they may have earlier redemption dates.

Below is a discussion of our sources and uses of funds for the nine months ended September 30, 2005 and 2004.

NET CASH FROM OPERATING ACTIVITIES

Net cash used in operating activities for the nine months ended September 30, 2005 and 2004 was $629,519 and $229,017, respectively. The increase in cash used from operating activities in the nine months ended September 30, 2005 versus 2004 of $400,502 was principally due to the increase in net operating costs associated with CGM.

NET CASH FROM INVESTING ACTIVITIES

Net cash used in investing activities for the nine months ended September 30, 2005 was $1,604,512 which reflects the cash paid for the acquisition of CGM's assets.

NET CASH FROM FINANCING ACTIVITIES

Net cash used in financing activities was $515,871 for the nine months ended September 30, 2005. $220,845 was provided by financing activities for the nine months ended September 30, 2004. This increase in cash used of $736,716 is mainly reflected in the note payable to CGM and Erik Hoffer for the purchase of CGM.

OFF BALANCE SHEET ARRANGEMENTS

We do not have any off balance sheet arrangements as of September 30, 2005 or as of the date of this report.

Nov 14, 2005
 
Posted by JIF on :
 
Well, how's that for info and disclosure? That's a lot for a penny stock to talk about.

And at .0002, This is bottom barrel pricing.

I own over 3k at avg. .0005
 
Posted by Jonas Inv. on :
 
quote:
Originally posted by JIF:
Well, how's that for info and disclosure? That's a lot for a penny stock to talk about.

And at .0002, This is bottom barrel pricing.

I own over 3k at avg. .0005

I buyed it 2 weeks ago at 0.0002, to get it at 0.0001 is almost impossible so didn't wait for that to hit.
 
Posted by JIF on :
 
I'm looking at the one year chart. It says the 52 week high was 1.35

Can someone please confirm that? Is that correct?
 
Posted by agrimac on :
 
the higest price since JAN 04 appears to be 00065
 
Posted by brackep on :
 
anyone still following this ?
 
Posted by brackep on :
 
charts are saying run imo ...

52 week high is 0.0036
 
Posted by Bluemound_Freak on :
 
Chart says that it is on the bottom to me, but I hope you are correct because I am holding a bag on this pile of doooooo!
 
Posted by hatteras on :
 
I hope that it's at the bottom, because looking at pps, it can't go any lower! Has anyone filled at .0001 or sold at .0002 over the last month?
 
Posted by JIF on :
 
Not trying to. But imho we'll see another spike into the mid teens before xmas.
 
Posted by brackep on :
 
we really need some contract news

I'm not selling under .0025
 
Posted by brackep on :
 
c'mon ddsi show me something good
 
Posted by Jonas Inv. on :
 
It doesn't make me affraid, even at 0.0001/0.0002 just see the volume, it nothing, so when we get one nice PR it'll run really fast
 
Posted by brackep on :
 
the good thing is it isn't being diluted anymore
and almost no sells only thing that has to be done now is buying ...

lets get this baby running

go DDSI
 
Posted by brackep on :
 
news out !!!
... 28 percent increase in sales ...

http://biz.yahoo.com/pz/051128/90378.html
 
Posted by brackep on :
 
volume going crazy
 
Posted by hatteras on :
 
How do you know that this is not being diluted? The pps has not gotten off .0002 buy / sell in over 6 weeks.
 
Posted by brackep on :
 
yeah you're right I dont know
 
Posted by Jonas Inv. on :
 
Digital Descriptor Systems, Inc. Announces Third Quarter Results Sales Rise 28 Percent Over Previous Quarter

SEA GIRT, N.J., Nov 28, 2005 (PRIMEZONE via COMTEX) -- Digital Descriptor Systems, Inc. (DDSI) (Pink Sheets:DDSI) today announced results (un-audited) for its fiscal third quarter, which ended September 30.
Net sales for DDSI, an industry leader in the development of Homeland Security-related products, rose to $1,118,922 -- a 28 percent increase over results for the previous quarter ($875,513). For the nine-month-period which ended September 30, the company's net sales reached $2,143,310.

"For the second consecutive quarter, we've seen a strong increase in our net sales," says Anthony Shupin, CEO of Digital Descriptor Systems. "These very favorable third quarter results clearly indicate the continued effectiveness of business strategies we implemented upon acquiring our subsidiary CGM Applied Security Technologies."

DDSI's acquisition of Somerset County, N.J.-based CGM, a leading manufacturer and distributor of various Homeland Security products, took place in March 2005.

About Digital Descriptor Systems, Inc.

The company, based in New Jersey, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice and public safety agencies.

Additional information is available online at www.ddsi-cpc.com.

Its subsidiary, CGM Applied Security Technologies, Inc., is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products.

Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.


HTML: http://newsroom.eworldwire.com/view_release.php?id=none

PDF: http://newsroom.eworldwire.com/view_release.php?id=none

ONLINE NEWSROOM: http://newsroom.eworldwire.com/305379.htm

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LOGO: http://newsroom.eworldwire.com/305379.htm


This news release was distributed by PrimeZone, www.primezone.com

SOURCE: Digital Descriptor Systems Inc.

By Staff

CONTACT: Digital Descriptor Systems, Inc. Anthony Shupin P: (732) 359-0260 F: (732) 359-0265 tony.shupin*ddsi-cpc.com http://www.ddsi-cpc.com

The Cherenson Group Kurt Praschak (973) 992-7800 X289 tony.shupin*ddsi-cpc.com http://www.ddsi-cpc.com http://kpraschak*cherenson.com


(C) 2005 PRIMEZONE, All rights reserved.


INDUSTRY KEYWORD: Computer Software and Services

SUBJECT CODE: EARNINGS

HOMELAND SECURITY

DEFENSE

Earnings Releases and Operating Results
 
Posted by Jonas Inv. on :
 
looks like good news to me
 
Posted by agrimac on :
 
24000000 after hours buying
 


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