quote:

---

Originally posted by Schwabie:
Personally I don't think increase will be big... I am not bashing. Reason I say this is because they have grown so much. I am not bashing... I own 30 million shares.. Im' just below JIF.


Also if you check the late filing:

(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
[ ] Yes [X] No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reason why a reasonable estimate of the results cannot be made.

---

quote:

---

Originally posted by Schwabie:
It doesn;t matter is they are good or not... even 10 % increase from last quarter would be alot... remember its like 800 % + 500 % on top of 10 % is a frigging lot... if they keep increasing profit... in a year or so they could be profitable... IMHO

---

Good catch BlindMellonChitlin . Should be 40.9 % increase not 409 % . I would guess that would make more sense like I said before 800 % + 500 % .. not much more you can grow after that...
 

---

Posted by Schwabie on :
 
The 10Q filing is too long so to save 1st page space here is the link:

http://sec.gov/Archives/edgar/data/927454/000114420406034375/v050736_10q.htm
 

---

Posted by Schwabie on :
 
DIGITAL DESCRIPTOR S - Nasdaq Other OTC: DDSI

Time & Sales most recent next page
Rec. Time Action Price Volume
3:43:32 PM Trade 0.0001 500000
3:08:22 PM Trade 0.0001 7200000
3:05:12 PM Trade 0.0001 670000
3:03:40 PM Trade 0.0001 1000000
3:03:40 PM Trade 0.0001 1000000
2:45:44 PM Trade 0.0002 673000
2:44:38 PM Trade 0.0002 3275000
2:44:38 PM Trade 0.0002 3725000
2:44:38 PM Trade 0.0002 7000000
2:44:18 PM Trade 0.0002 500000
2:37:28 PM Trade 0.0002 2000000
2:12:08 PM Trade 0.0002 1000000
2:01:26 PM Trade 0.0002 2400000
1:43:36 PM Trade 0.0002 275000
1:32:04 PM Trade 0.0002 1000000
1:32:04 PM Trade 0.0002 9000000
1:32:02 PM Trade 0.0002 1000000
12:14:26 PM Trade 0.0002 5000000
11:23:54 AM Trade 0.0002 1000000
9:56:16 AM Trade 0.0002 911
9:31:52 AM Trade 0.0002 250000
9:30:14 AM Trade 0.0002 250000

This stock has been on .0001 to .0002 for a while. Since you cannot purchase at .0001 I believe MM's pull it down to .0001 to scare you to sell for a loss. The ONLY entry point is .0002 IMHO.
 

---

Posted by Schwabie on :
 
Last but certainly not least. There should be a PR with the percentage of revenue increase. They always do. That is a fact per prior history of PR. Once they PR it I think volume will increase.

They keep increasing their revenues. THAT IS GOOD ! Check out these filings !

Results of Operations by year

Year Ended December 31, 2003 Compared to Year Ended December 31, 2002

Revenues for the year ended December 31, 2003 of $650,650 decreased
$562,539 or 46% from the year ended December 30, 2002. DDSI generates its
revenues through software licenses, hardware, post customer support arrangements
and other services. The decrease in DDSI's revenue is attributed to discontinued
sales of the SI-3000 product line at the end of the first quarter in 2001.
SI-3000 products' largest revenue impact was in software sales. These revenues
are included in deferred revenue until the job has been completed and
"signed-off" by the client. Once that job is completed, revenue is then
recognized on the income statement. During 2003, DDSI recognized revenue of
$134,426 from software sales and software maintenance agreements from previous
installations of SI-3000. Maintenance revenues decreased $222,098 or 38% from
the year ended December 31, 2002 primarily due to a decrease in DDSI's customer
base and contract dollar amount.

Year Ended December 31, 2004 Compared to Year Ended December 31, 2003

Revenues for the year ended December 31, 2004 of $412,052 decreased $238,598 or
37% from the year ended December 30, 2003. DDSI generates its revenues through
software licenses, hardware, post customer support arrangements and other
services. The decrease in DDSI's revenue is attributed to discontinued sales of
the SI-3000 product line. SI-3000 products' largest revenue impact was in
software sales. During 2004, DDSI recognized revenue of $115,355 from software
sales and software maintenance agreements from previous installations of
SI-3000. Maintenance revenues decreased $79,856 or 24% from the year ended
December 31, 2003 primarily due to a decrease in DDSI's customer base and
contract dollar amount.

YEAR ENDED DECEMBER 31, 2005 COMPARED TO YEAR ENDED DECEMBER 31, 2004

Revenues for the year ended December 31, 2005 of $3,335,631 increased $2,923,579
or 710% from the year ended December 30, 2004. DDSI generates its revenues
through software licenses, hardware, post customer support arrangements and
other services. The increase in DDSI's revenue is attributed to the purchase of
CGM Applied Security Technology, Inc in March 2005. During 2005, Maintenance
revenues increased $3,410 or 1% from the year ended December 31, 2004

THREE MONTHS ENDED JUNE 30, 2006 COMPARED TO THREE MONTHS ENDED JUNE 30, 2005

Revenues for the three months ended June 30, 2006 were $1,233,729 compared to $875,513 for the three months ended June 30, 2005 (restated), an increase of $358,216 or 409%. DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005.

(NOTE: I will not change the % for this quarter but remember that it should be 40.9 % not 409 %)

In other words, what I am trying to say is... they are off to an EXCELLENT start this year! Follow the history of revenues ( or reduced losses) per year and you will see how nicely they keep growing ! If they surpass revenues from last year watch out... they may be profitable in the future.

Also, shares did not increase that much due to the CD's . They are not diluting.

Shareholders' deficit
Preferred stock, $.001 par value
1,000,000 shares authorized, -0- issued and outstanding -0-
Common stock, par value $.001; authorized 9,999,000,000 shares;
9,243,406,000 issued and outstanding 9,243,406

Per past history also, if it runs it will be like 5 days after not immediately. This is if it runs on the 10Q. If the MM's run it since they have acquired so many cheap shares... that could happen at any given moment. Fingers crossed

[ August 18, 2006, 01:43: Message edited by: Schwabie ]
 

---

Posted by Schwabie on :
 
Enough DD, tired, going to bed. I will continue tomorrow.

Cya guys / gals in the AM !

Oh wait it is AM ! lol
 

---

Posted by Schwabie on :
 
BTW this is a FULLY REPORTING COMPANY...
 

---

Posted by Soylent Green on :
 
You're the man Schwab....
 

---

Posted by Schwabie on :
 
15 million volume off the bat...
 

---

Posted by dalton05 on :
 
still at .0001
 

---

Posted by Soylent Green on :
 
We need a great PR today like RSHN just posted.
 

---

Posted by shomethamoney on :
 
LOL yeah we need a PR that says we're putting our product in a new package hahahaha right on solvent. That would take us to .0000000000001 lol.
 

---

Posted by brackep on :
 
I asked Michael if they would PR the financials and he said they are waiting for Monday morning to PR the financials because nobody reads PR's on fridays ...
 

---

Posted by Schwabie on :
 
Excellent brackep, that means next week should be interesting. We'll see how this pans out. Good idea to load up before they PR it IMHO
 

---

Posted by FARIMI on :
 
Do you guys think a good PR (hope is good) will move the PS up?
 

---

Posted by gatorhistory on :
 
well, it looks like someone bought a nice chunk at the opening bell. I have a buy order in * 1...we'll see if there are any takers.
 

---

Posted by Schwabie on :
 
I've tried for 2 weeks at .0001 still not filled. Let me know if you get filled so I can put a bigger order at .0001
 

---

Posted by gatorhistory on :
 

quote:

---

Do you guys think a good PR (hope is good) will move the PS up?

---

quote:

---

Originally posted by gatorhistory:

quote:

---

Do you guys think a good PR (hope is good) will move the PS up?

---

I think the massive accumulation this has undergone the past few months that any little thing could ignite it...the 10q was positive, and a move towards profitability.

Brackep - let Michael know they can feel free to throw in any other great news they might have with that PR. :-P

---

quote:

---

Originally posted by gatorhistory:
no luck * 1 for me.

thanks for firing off the email brackep - your research is appreciated.

GLTA

---

quote:

---

Originally posted by gatorhistory:
does anyone think we will get some form of other news besides the 10q on Monday?

---

quote:

---

Originally posted by gatorhistory:
yeah, I've seen those postings...also the link to a particular GPS company on RB.

I am curious by the holdoff until Monday - they could have waited to file until then as well. I know what he said about nobody reads PR on Friday's - I don't ever recall it stopping them before though. Here's hoping for extra good news from the team at DDSI!

---

quote:

---

Originally posted by gatorhistory:
looks like a bundle of shares have been trading hands this afternoon. vol. is up over 70mln and counting. thoughts?

---

quote:

---

Originally posted by bksundar:
Might be one of those false spikes on 3/9/2006

---

No, daily values are saved at the end of the day. So, a false spike during trading hours isn't recorded in the 52 high and low- only closing numbers.
 

---

Posted by JIF on :
 
Yeah, they are putting together the pr and the new web site. I can feel it in my bones.
 

---

Posted by stockvampire on :
 
WOW! 9,568,806,013 O/S (as of 8/4/06 )....Nothing will move this POS...
 

---

Posted by bksundar on :
 
We have a basher who just registered and already staring trouble !!! SPAM ALERT ....
 

---

Posted by jon clogger on :
 
All vampires get a little grumpy after accidentally sucking Janet Reno's blood.
 

---

Posted by gatorhistory on :
 
yeah...I've seen stocks with higher O/S move significantly higher than where we are now with no revenue history and just false promises. once this takes off, and with the accumulation that it's been undergoing, it should move like a juggernaut (hopefully).

all IMO of course.
 

---

Posted by bksundar on :
 
I have lot riding on this one. 14m at 0.0002
 

---

Posted by Schwabie on :
 
Volume 84,043,600 . Closing price .0001 .

From what I can see from the Time & Sales Report most were at .0001 . This would lead me to believe that more investors got impatient and sold or MM's exchanging shares. I know I have not yet been filled at .0001 for some time and I doubt anyone has.

Like I said before price of admitance is .0002 . Way I see it... better to get rid of the flippers early for a better run.

Volume keeps increasing as each day goes by which can only mean that once we get the PR should be alot more volume. I think its like double the volume from yesterday.

I am expecting either a PR 10Q run or an MM induced run... hopefully soon.

I must say, not a bad day at all. Biggest volume we'd had for some time now. IMHO this can only get better.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by brackep:
RFID products by DDSI/CGM:

http://www.cgmsecuritysolutions.com/sw/swchannel/productcatalogcf_v2/internet/mo del.asp?ProductMasterID=116505&ParentID=23600&q=RFID&mnf=all&SWSESSIONID=zchphhz pzpcucs

print out of the above link:

------------------------------------------------

ALLIANCE WITH PRECISIA, LLC, SUBSIDIARY OF FLINT INK CORPORATION

CGM Security Solutions is pleased to announce the addition of RFID circuits to our product line.

PRECISIA was launched as a roll form manufacturer of additive RFID circuits in late 2003 by Flint Ink. They have now come on board with full manufacturing capability including chip bonding, reading and inspection equipment, laminations and multi-color flexo printing.

CGM has been authorized to represent PRECISIA to the industry for security labels and seals using RFID technology. By combining our respective manufacturing know-how, we can collectively help our clients through the maze of RFID science. We are able to separate the viable industrial applications for RFID from much of the misinformation that is rampant in the marketplace. By offering RFID and security seals as a combination product platform, we are able to address issues of inventory control while assisting in identifying product authenticity, diversion and physical containment. CGM and PRECISIA have formed this strategic alliance to compliment our other working arrangements with Flint Ink on authentication through the use of inks and ink technologies.

CGM has a long history of the sales and development of conductive inks, membrane switches, EAS and related additive circuitry products. These products have now lead to the development of smart labels and tags as well as other data transit and retention techniques through the use of passive RFID.

Intelligent packaging has its limitations and certainly its benefits. RFID used in tags, tickets, ID cards and even security labels affords the user the ability to carry unique data, with the product for a multitude of applications. Real estate on many pharmaceutical labels is limited, however through the use of RFID; information can be brought to users when and where needed with little change to the cosmetic appearance of the label itself. The use of RFID on inserts and outserts provides manufacturers the ability to track and trace products and to identify them for any reason. Reducing mistakes, increasing throughput speed make RFID technology the cutting edge in roll form label applications. By combining our other unique authentication solutions such as IZON, PolarCode, Secure ID and self voiding seals with RFID, CGM can offer a wide array of potential physical forms and appearance for this technology.

For questions or quotations, please call Erik Hoffer at 941 575 0243 or email him at tamperguru*comcast.net.

------------------------------------------------

In this part they talk about Secure ID:

************************************************

By combining our other unique authentication solutions such as IZON, PolarCode, Secure ID and self voiding seals with RFID, CGM can offer a wide array of potential physical forms and appearance for this technology.

************************************************

---

Excellent Brackep. This may be very good for this company now with all this airport security. Imagine if they a few more US contracts? Oh, the posibilities...
 

---

Posted by Schwabie on :
 
Radio Frequency Identification (RFID) chips

a key part of the global surveillance society

a technological advancement over Nazi tatooing of prisoners




RFID chip


Revelation 13:16-18

16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.


--------------------------------------------------------------------------------

Radio Frequency ID chips will soon be in cash, credit cards, your drivers license, cheap crap at grocery stores, cars, car tires, possibly under your skin.

Wal-Mart is mandating its adoption by its suppliers, which will force all of corporate "america" to switch from bar codes, which merely track what kind of product something is, with RFID, which uses an 18 digit number to track which specific product it is. Bar codes track an model of car tire, RFID would track the specific tire -- which could then be cross-referenced in the great Homeland Insecurity Totalitarian Information Awareness uber-database. Simple RFID readers will probably be set up just about everywhere that will then read all RFID chips in the vicinity for plugging into the system. This is far, far more intrusive than the nightmarish vision of George Orwell's 1984.

The movie BRAZIL by Terry Gilliam (1985) was a warning about what type of society these sorts of technological slavery systems would create.

RFID chips don't have their own energy source, they are passive. They emit a signal when specific frequencies of radio energy are used to "paint" them. RFIDs contain tiny antennas that receive that RF energy and then re-radiate their encoded information.

The main problem to their widespread adoption is cost (it's too expensive to put them in every cereal box) and the lack of scanning systems to read them in stores. But with mass production and a few billion from Wal-Mart, the military, homeland security grants, and other rulers of the Brave New World Order, these technical obstacles will be overcome soon.
 

---

Posted by Schwabie on :
 
L.A. County jail tags inmates with RFID
Published: May 17, 2005, 11:45 AM PDT
By Michael Kanellos
Staff Writer, CNET News.com

The next fashion accessory for some inmates at the Los Angeles County jail will be a radio frequency identification bracelet.
The country's largest jail system has launched a pilot project with Alanco Technologies to track inmates using the technology, also known as RFID.
The first phase will involve setting up an RFID system in the 1,800-inmate east facility of the Pitchess Detention Center in Castaic, Calif., by fall 2005. If it succeeds, and funding can be obtained, the county will spread the system throughout its prison facilities.
In prison networks with such technology, RFID readers are planted throughout a jail in such large numbers that bracelet-wearing inmates can be continually tracked. When an inmate comes within range of a sensor, it detects his or her presence and records the event in a database. Thus, if an assault occurs at night, prison officials can look at the RFID logs and identify who was at the scene at the time of the incident. Tampering with the bracelet sends an alarm to the system. The system can also warn of gang gatherings.
Orwellian as tagging sounds, inmate violence has declined in prisons where similar RFID systems have been installed, according to Alanco. Guards also wear RFID tags in these facilities.
"The primary concern of the sheriff's department is the safety of both our staff and the inmates housed in our facilities," said Marc Klugman, chief of the Sheriff's Correctional Services Division.
In 2004, there were an estimated five inmate deaths, and injuries to 1,742 inmates and 88 jail staff in the seven facilities that make up the L.A. county jail system, according to the county.
Alanco estimates that the prison system alone could become a billion-dollar market, while jails could account for $500 million to $700 million in revenue.
 

---

Posted by Schwabie on :
 
RFID GazetteRadio Frequency Identification news

August 17, 2006
Big Business In Protecting RFID Cards
With all members of the European Union required to comply by this month (Aug 2006), several countries are issuing ICAO-standard electronic passports. Other countries outside of the EU, including the United States and many of its trading partners, are participating as well, although possibly at a slightly later date.

As such, there's an increasing interest in protecting these RFID-enabled e-passports, as well as contactless "smartcard" payment cards, from eavesdropping and other security concerns. To that end, a number of solutions have been devised. Most of them work on the principle of the Faraday Cage, which shields cards from unauthorized readers.

But, Marisa Torrieri of Contactless News asks, is the eavesdropping threat real? She paints a spy-vs-spy scenario whereby someone intercepts RFID data from a government worker's access card, then has the ability to "replay" the information to gain access somewhere.

It's done with an undertone of amusement, but she then quotes Walt Augustinowicz, founder of Identity Stronghold, who calls this the "leech- and- ghost theory" and says that it is possible. Of course, his company makes protective sleeves for smartcards, joining the growing number of manufacturers who do.

I'm not going to weigh in whether I believe it or not. My science-related background says it's possible. But my common sense suggests that no RFID chip manufacturer nor smartcard maker worth their salt would go to market with such a serious flaw - especially not for passports.

Then again, hundreds if not thousands of consumer products are released for use with shortcomings, sometimes creating an aftermarket. And like some aftermarket accessories, you just feel safer/ better using it.
 

---

Posted by brackep on :
 
the run will start on monday when they will PR the financials. It will get attention then.
(and I will not be around, ... damn!)
 

---

Posted by gatorhistory on :
 
yeah, the official close was * 1, but the last trade of the day was * 2 -- that's where this should open on Monday.

Time & Sales
Price Size Exch Time
0.0002 100000 OTO 16:00:38
0.0001 181300 OTO 15:43:11
0.0001 181300 OTO 15:43:04
0.0001 181400 OTO 15:42:53
0.0001 181400 OTO 15:42:51
0.0001 181300 OTO 15:42:50
0.0001 181300 OTO 15:42:49
0.0001 1000000 OTO 15:42:43
0.0001 5900000 OTO 15:42:35
0.0001 1000000 OTO 15:42:29
0.0001 1000000 OTO 15:42:27
0.0001 1000000 OTO 15:42:27
0.0001 1000000 OTO 15:42:21
0.0001 1000000 OTO 15:42:13
0.0001 1000000 OTO 15:42:08
0.0001 2000000 OTO 15:38:38
0.0001 1000000 OTO 15:38:15
0.0001 3000000 OTO 15:38:11
0.0001 1000000 OTO 15:37:58
0.0001 1000000 OTO 15:37:46
0.0001 1000000 OTO 15:37:46
0.0001 1000000 OTO 15:37:42
0.0001 1000000 OTO 15:37:40
0.0001 500000 OTO 15:37:00
0.0001 3000000 OTO 15:35:32
0.0001 500000 OTO 15:35:11
0.0001 555500 OTO 15:35:08
0.0001 500000 OTO 15:35:08
0.0001 500000 OTO 15:35:07
0.0001 500000 OTO 15:34:58
 

---

Posted by Schwabie on :
 
RFID GazetteRadio Frequency Identification news

August 18, 2006
US Government To Coordinate RFID Efforts
Robert Cresanti, Undersecretary of Commerce for Technology Administration and a co-chair of the RFID Interagency Working Group, has stated publicly that he will coordinate the US government's RFID efforts. This is necessary because of the dozens of federal agencies who are using or looking into using RFID. [via RFID Law ****]

On a related note, the US State Department and the DHS (Department of Homeland Security) are at odds over the type of RFID tags to use. The former prefers short-range chips, in deference to security issues raised by privacy advocates. The DHS prefers longer-range chips.


July 24, 2006
Database of RFID Case Studies
IdTechEx is keeping a database of RFID applications [via Logistics Today] and trials from around the world. Here are a few salient points from the database, at the time of this writing.

(a) There are over 2000 case studies involving over 220 companies in 76 countries. Over three 300 of those studies were conducted or started between January and July 2006.

(b) The top 5 application areas were as follows:

(1) [410 cases] Retail, consumer goods.
(2) [352] Financial, security, safety.
(3) [292] Passenger transport, automotive.
(4) [236] Leisure, sports.
(5) [191] Land and sea logistics, postal.

I would have though that there'd be more applications in Healthcare [161 cases] or Manufacturing [152] studies. Thankfully, there is no "cyborg" area of study. Unless that's under Military [42 cases]. (In terms of national security, what I think would be interesting to track is how many of the countries participating in RFID studies are actually part of the United Nations.)

The case studies are not free, costing US$750 (€600) for one application area, or US$2800 (€2250) for all areas, for one year of access. Still, there is a substantial amount of information on the public pages, as well as sample reports for download

So many applications to this...
 

---

Posted by Schwabie on :
 
Wow, check out this link ! There is alot of businees out there that this company can be a part of... Security is HOT now.

http://www.crmbuyer.com/perl/section/rfid/
 

---

Posted by cactus33 on :
 
this has been complete garbage since january, when i started penny trading... just a complete garbage stock. this thread should die. NO ONE INVEST IN THIS...

JMHO.. sorry guys..
 

---

Posted by Linux2 on :
 
Form 10-QSB/A filed today:

www.secinfo.com/d12TC3.v11rb.htm#1stPage
 

---

Posted by Schwabie on :
 
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.

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.

DDSI believes that it will not reach profitability in the foreseeable future due to its debt service. 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:

l 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.

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

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

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

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

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

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

---

Posted by quickpicker on :
 
Nice post Schwabie. Keep it coming. Post like yours out way any of the recent posts from bashers of the company. Keep up the good DD.
 

---

Posted by Schwabie on :
 
From the CGM Website this is just the newest of over 50 + devices offered, Patented.

TRUCKLOCK-1130



CGM IS PLEASED TO ANNOUNCE THE INTRODUCTION OF THE TRUCKLOCK 1130, the most innovative way ever conceived to ensure the security of a trailer. This device has received a US Patent 6,652,042 .
Whether it is used for high-value or hazmat cargo, piggyback trailers or chassis on the rail, intermodal or Ro-Ro trailers, the level of protection far exceeds any other for trailer security. There is no need to use messy a kingpin lock which is rarely, if ever, used on the road. There is no need for a loose glad-hand lock, and no need to remind the driver to take an external security product with him that is easily and often lost. Everything is already in place to secure the trailer.
The Trucklock 1130 is a permanent installation on the trailer using common standard replacement parts. It requires no external power source and can only be activated once the trailer is at rest. There is no new technology or process for the driver to learn, the Trucklock 1130 is automatically deployed wherever and whenever needed.
The Trucklock 1130 locks the air-supply line to the glad-hands by engaging an internal valve set into the standard air line connection. Once the driver uncouples the air-supply line the device activates, thereby blocking the line from re-establishing a connection making it impossible to move the trailer. The device is located in the same place as the normal air fitting, so that the driver simply steps out of the cab and uncouples the line. To reinsert the air-supply line after returning to the tractor, the driver inserts a key into the coupling which releases the lock-pin and allows for re-connection of the air-supply line fromm the tractor. The removal process takes under 2 seconds and the reinsertion process takes about 5 seconds. This simple and easy-to-use system allows total security over the trailer when on the road or unattended in the yard.
 

---

Posted by Schwabie on :
 
I keep doing DD on DDSI's acquisition of CGM SECURITY SOLUTIONS, INC . The more I research the more I like.

This company will pay off and make DDSI look REALLY GOOD !

http://www.cgmsecuritysolutions.com/

CGM Applied Security Technologies Inc.
223 Churchill Ave
Somerset, NJ 08873

tamperguru*comcast.net


Tel: (732)448-1400
Fax: (732)448-1406


Links below are an excellent source of information about their products, past history & advertising as well as future potencial of the company... which is where we come in

Website links I found:

http://www.tamper.com/
_________________________________________________

http://herbb.hanscom.af.mil/users.asp?rfp=R804&company=Parts+for+Dump+Truck
_________________________________________________

http://www.navalock.com/default.html
http://www.navalock.com/reseller.html
_________________________________________________

http://www.sibgonline.com/public/showcompany.asp?companyid=1027
_________________________________________________

http://ops.fhwa.dot.gov/freight/publications/eseal_wp_final_july12/eseal_wp_fina l_06.htm
(Nice)
_________________________________________________

[url= http://www.tlpsa.org/newsletters/autumn2004.pdf#search='tamperguru%40comcast.net ']http://www.tlpsa.org/newsletters/autumn2004.pdf#search='tamperguru%40comcast.n et '[/url]
_________________________________________________

https://www.cargosecurity.com/ncsc/virtualexpo/cgm.htm
_________________________________________________

http://www.truckalarm.com/airbrake.php
http://www.truckalarm.com/1130.php

http://www.truckalarm.com/gallery/Braklok
(picture galery of products)
_________________________________________________

http://www.fmcsa.dot.gov/safety-security/hazmat/fot/finalrpt/appc.htm

_________________________________________________

http://www.airbrakesecurity.com/index.html
(nice website)

CGM SECURITY SOLUTIONS, INC

A FLORIDA CORPORATION
24156 YACHT CLUB BLVD
PUNTA GORDA FLORIDA 33955

TEL.: 1 941 575 0243
FAX: 941 575 0971
EMAIL ADDRESS :
tamperguru*comcast.net


NEW PRODUCTS TO COME:

ROLL UP DOOR LOCKS
LANDING GEAR LOCKS
GLAD HAND LOCKS
DOLLY LOCKS

Check this link out & video of how to steal a truck & cargo in 90 seconds. I'm convinced ! LoL

http://www.airbrakesecurity.com/whybuy.html

Their e-mail has remained the same therefore people can still contact them.

_________________________________________________

Sorry guys I'm beat.. bedtime...
 

---

Posted by Soylent Green on :
 
You're still the man Schwab.....keep up the DD.
 

---

Posted by ed19363 on :
 
Yep, he's one of the best pumpers I've ever seen. Never mind the numbers, just concentrate on the fluff PRs that come out every 15 minutes.
Garbage !!!
 

---

Posted by Linux2 on :
 
Hey Schwab, this might be of interest to you:

http://www.nitl.org/annualmeeting/transcomp2006/

Quite a list of exhibitors...including CGM.
 

---

Posted by jon clogger on :
 
I never did understand bashers...

For instance, I don't believe in Santa Claus, but I'm not on the Santa forum saying things like "Santa's not real you retards," or "How could a sleigh possibly fly?"

I just can't justify spending the precious minutes of my life fighting something I TRULY don't believe in.

Maybe bashers aren't totally convinced... hmmmm
 

---

Posted by Linux2 on :
 
Nice post Jon.

BTW...I always believe in Santa...after three brews.

Take care
 

---

Posted by Schwabie on :
 
Wow, how am I a pumper?

I am just doing DD... you know that thing you do before you invest in a company... I am just letting you guys/ gals know what I find out !

Anyway... IMHO this is the best lottery ticket out there right now currently priced at .0001 / .0002. Compared to SMMW/ JMCP/ WNSH plus many more... .

The O/S is considerably lower at 9.5 billion compared to 25-72 billion shares outstanding of other stocks currently at this level... . Other stocks dilute shares with PR. Let's face it some give a PR daily and are still at .0001 . This company only gives out a PR when it has something to say. This is a security stock so they have to keep deals confidential as they deal with the US goventment and many other countries and companies.

Fully reporting also.

I say lottery ticket because this is investing... its like gambling. Even if this does not run on the 10Q, never underestimate the ability of the MM's to run a stock. When they are good and ready they will run it. They have run this before and they will do it again IMO. They have soooooo many cheap shares. Its just a question of when in my book.

Accumulation is at its highest.

It's all about security right now due to the liquid explosives in the airport. Just read the news and you will see how much governments as well as companies are investing in security these days ! Billions !

Please find me a better stock currently priced at .0001 ?
 

---

Posted by Schwabie on :
 
Thanks, Linux2.

Here's a cool link with nice high quality photos of a few of its products:

http://www.cherenson.com/press_kits/dds/pics.shtml
 

---

Posted by jon clogger on :
 
Cheers to you Linux2

As a kid I loved Santa, but as an adult I love his blonde haired, blue-eyed helpers.
 

---

Posted by outwest on :
 
Keep it up Schwabie, I for one love to hear more about this company and don't have the time to dig all this up. TY TY!! I own a small piece of this and will hold till they fold or make me some scratch. Very simple. Who would put a large sum into a .0001-.0005 company without knowingly throwing the dice, NOBODY! So role them bones and let the little cry babies cry.
 

---

Posted by Barrharbor on :
 
OK, so that fat man in the red suit with the beard isn't real? hmmn, Any official word on the tooth fairy? My world is falling apart here..
 

---

Posted by jon clogger on :
 
Well, I hooked up with a tooth fairy at the last halloween party and she was real until about 3am.

Go DDSI.
 

---

Posted by JIF on :
 
Here is my favorite part of management's comments on the 10q:

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

l 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.

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

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

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

-21- Digital Descriptor Systems, Inc. and Subsidiary Notes to the Condensed Consolidated Financial Statements (Unaudited) For the Six Months Ended June 30, 2006 and 2005 (Restated)

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

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

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

Liquidity and Capital Resources
 

---

Posted by ArmySGT on :
 
so what are you saying about the Easter Bunny?? Thats not real chocolate??
 

---

Posted by jon clogger on :
 
Anything is real sergeant if you're smoking the right stuff. The chocolate just curbs the munchies.

BTW, what the heck can you guys do to cope with desert life and IED's? Isn't the military extremely strict... even with beer?

Thanks Schwabie and JIF for letting the rest of us copy your homework.

Make us rich DDSI.
 

---

Posted by ArmySGT on :
 

quote:

---

Originally posted by jon clogger:
Anything is real sergeant if you're smoking the right stuff. The chocolate just curbs the munchies.

BTW, what the heck can you guys do to cope with desert life and IED's? Isn't the military extremely strict... even with beer?

Thanks Schwabie and JIF for letting the rest of us copy your homework.

Make us rich DDSI.

---

quote:

---

08.21.2006, 05:40 AM

MUNICH (AFX) - Infineon Technologies AG said that it has won a multi-million piece order from the US government to supply integrated circuit technology for the country's new electronic passport.

Infineon did not disclose the value of the order, but it quoted US government estimates saying that up to 15 mln new passports will be issued in the first full year of the electronic passport rollout.

---

This is the kind of news we need from DDSI once they have the signed contracts in hand...ink doesn't even need to be dry yet
 

---

Posted by Schwabie on :
 
I wish... but they are bound by the disclosure thing.. I wish they really would let us know...
 

---

Posted by tmanfromtexas on :
 
I believe that DDSI could provide us with info like what Gator posted. It would at least give us some idea as to what the company is up to with out giving away national secrets. Sometimes I think they use that as a crutch so that they dont have to keep shareholders in the loop. Just venting on a Monday morning. TMAN...
 

---

Posted by JIF on :
 
Well guys. Let's hope for a good week.

I am extemely nervous right now. My wife is flying home from London to NY.

I hate that. I can't tell you how worried I am this morning.
 

---

Posted by gatorhistory on :
 
I think they could do that, no specifics, when the contract is signed and ready to go. not until tho...
 

---

Posted by BuckyBarnes on :
 
You have my thoughts with you...I stood on top of the WTC Towers' observation deck on June 4, 2001 with my daugther....Now, in view of what is known about the go orders for the WTC attack being given in May 2001, I look back and realize just how fortunate she and I were...."If not for the grace of God...."

quote:

---

Originally posted by JIF:
Well guys. Let's hope for a good week.

I am extemely nervous right now. My wife is flying home from London to NY.

I hate that. I can't tell you how worried I am this morning.

---

 

---

Posted by Schwabie on :
 
Well, I am not counting on anything like that. They were very clear on the interview. This company is extra strict on this policy (Non Disclosure) .
 

---

Posted by Ragedbull777 on :
 
Level II anyone?
 

---

Posted by MoneyMoneyMoney on :
 
On the ask side with UBSS and NITE on .0002.
7 X .0002
7 X .0003
1 X .0004
2 X .0009

On the bid:
4 X .0001 UBSS, NITE, HDSN, PERT
 

---

Posted by FARIMI on :
 
Looks like nothing interesting will happen today. Just another day, for how long!
 

---

Posted by gatorhistory on :
 
wait for the PR....
 

---

Posted by Ragedbull777 on :
 
Anyone think we'll see .0003 this week? Thanks

RB
 

---

Posted by Ragedbull777 on :
 
Thanks money! GLTU
 

---

Posted by FARIMI on :
 
I think if we have a good PR, maybe we can see more than that!
 

---

Posted by Borknagar on :
 
I think there won't be any good PR, and I don't know why people think that thing, I wish but to me there are no sings to believe in
 

---

Posted by JIF on :
 
volume is pretty good this morning.
 

---

Posted by Borknagar on :
 
it is a very low volume considering that DDSI is at 0.0001,and unfortunately it only have more volume when is at 0.0001
 

---

Posted by Schwabie on :
 
Time & Sales most recent next page
Rec. Time Action Price Volume
10:23:42 AM Trade 0.0001 6000000
10:23:40 AM Trade 0.0001 9000000
10:23:20 AM Trade 0.0001 196500
10:22:12 AM Trade 0.0001 1500000
10:22:12 AM Trade 0.0001 1000000
10:22:08 AM Trade 0.0001 9000000
10:20:04 AM Trade 0.0001 5000000
10:09:56 AM Trade 0.0001 9000000
10:08:48 AM Trade 0.0001 9000000
9:49:12 AM Trade 0.0001 200000
9:49:10 AM Trade 0.0001 200000
9:30:58 AM Trade 0.0001 200
9:30:26 AM Trade 0.0002 250000
9:30:20 AM Trade 0.0002 250000
9:30:10 AM Trade 0.0002 745000

Still not filled at .0001
 

---

Posted by JIF on :
 
This stock will have it's day again. I feel it in my gut.
 

---

Posted by Schwabie on :
 
It is at .0001 BUT you cannot get filled at .0001... If we could there would be 1 billion volume at least... IMO. I would be the first to buy a truckload.
 

---

Posted by Chipmunk2k on :
 
so where is the PR?
 

---

Posted by FARIMI on :
 
Anybody knows about US launching e-passports?
 

---

Posted by gatorhistory on :
 
guess they are late getting in to the office this morning or something
 

---

Posted by Schwabie on :
 
FARMI

http://travel.state.gov/passport/eppt/eppt_2501.html
 

---

Posted by Schwabie on :
 
This one is for the electronic passport:

http://travel.state.gov/passport/eppt/eppt_2498.html
 

---

Posted by Schwabie on :
 
Security and Privacy of the e-Passport


The data stored on the chip is protected from alteration by the latest digital signature technology. As the Department of State implements this new technology, it will include passport features that will protect the security and privacy of passport bearers. We will share more information about these measures once testing is completed. The Department of State will not issue passports incorporating integrated circuits until privacy-related concerns have been addressed.

The Department of State is currently coordinating testing of components for possible use in the new passport. Once testing has ended and a final passport configuration that meets the security and privacy needs of our citizens has been completed, electronic passports will be phased in at all 16 passport issuance locations in the domestic United States.
 

---

Posted by FARIMI on :
 
Finally back to .0002
 

---

Posted by Ragedbull777 on :
 

quote:

---

Originally posted by FARIMI:
Finally back to .0002

---

Nice to see green isn't it.

OT: take a look at ICOA. Had news out an hour ago. Quarterly revenues up 75%. Still a good buy at under .01. GLTA
 

---

Posted by bksundar on :
 
Till the bid is at 0.0002, ask is at 0.0003 nobody really gains... But the ascent towards that is certainly promising...
 

---

Posted by gatorhistory on :
 
August 21, 2006 - 12:01 PM EDT

Digital Descriptor Systems, Inc. Announces 2nd Quarter ‘06 Results
Revenues Increase to $1,233,729, up 40.9 Percent from Q2 ‘05

SEA GIRT, N.J. (EWORLDWIRE) Aug 21, 2006

Digital Descriptor Systems, Inc. (Pink Sheets: DDSI) – an industry leader in the development of Homeland Security -and other commercial security related products – today announced results for the period ending June 30, 2006. Revenues grew 40.9 percent to $1,233,729 from second quarter 2005 revenues of $875,513. Gross profit rose over 210 percent to $899,191 from $428,053 for the same period in 2005. All numbers are fully audited.

"We are pleased with the results of our plan to date," says Anthony Shupin, CEO of DDSI. "Our earnings before interest, taxes, depreciation and amortization are $221,785 versus a negative $214,124 in Q2 '05. Our immediate focus has been to achieve increased revenue along with positive cash-flow. results. This will enable us to sustain the company as we grow the use of our security products and services to more companies and agencies throughout the world."

DDSI CFO Michael Pellegrino adds: "Overall, we have a healthier company today than one year ago. Total six month revenues, compared '06 to '05 are up 277205 percent to $1,476,8132,104,693 from $532,2271,024,388, while gross profit is up 277 percent increasing $944,586 over the prior year. Operating income (income prior to interest, depreciation, amortization and taxes) increased from a loss in '05 of $373,902 to a profit of $109,184 for the same period. It must be noted that due to a change in accounting methods, the reported cost of the company debt has also increased by 132 percent. However, the actual impact on our operational cashflow has remained the same. Net loss for the period and year-to-date increased $215,942 and $516,938 respectively mainly due to an increase in expenses related to our debt."

In March 2005, DDSI acquired Somerset County, N.J.-based CGM Applied Security Technologies, Inc., a leading manufacturer and distributor of various Homeland Security products.

About Digital Descriptor Systems, Inc.

The company, based in Sea Girt, N.J., 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., based in Somerset, N.J., 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. Additional information is available online at www.cgmsecuritysolutions.com.

Safe Harbor Statement

Safe Harbor Statement 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, forward-looking statements can be identified 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 management believes 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. The company undertakes 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 the company, review its SEC filings.
HTML: http://newsroom.eworldwire.com/wr/082106/15310.htm
PDF: http://newsroom.eworldwire.com/pdf/082106/15310.pdf
ONLINE NEWSROOM: http://newsroom.eworldwire.com/305379.htm
RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/305379.xml


President/CEO
DDSI
Sea Girt, NJ, 08750
USA
732-359-0260 (phone)
732-359-0265 (fax)
tony.shupin*ddsi-cpc.com
www.ddsi-cpc.com
 

---

Posted by bksundar on :
 
What the hell are these numbers ?? Is this the CFO ?

DDSI CFO Michael Pellegrino adds: "Overall, we have a healthier company today than one year ago. Total six month revenues, compared '06 to '05 are up 277205 percent to $1,476,8132,104,693 from $532,2271,024,388, while gross profit is up 277 percent increasing $944,586 over the prior year.
 

---

Posted by BuckyBarnes on :
 
Sounds like a good PR....If they correct the fat fingers in the third paragraph..Have yet to see a copy of this PR show up on Scottrade ....
 

---

Posted by Schwabie on :
 
I can't find the PR yet...
 

---

Posted by bksundar on :
 
Get the news for DDSI in www.otcbb.com I am not able to post the site here...
 

---

Posted by jon clogger on :
 
Holy crap gator, your sources are good, I can't find it anywhere either. You must be on Shupin's private e-mail list.
 

---

Posted by gatorhistory on :
 
yeah, it should read '06 to '05 are up 277% to $1mln+ from 532k sumthing or other.
 

---

Posted by Schwabie on :
 
no news there either...
 

---

Posted by BuckyBarnes on :
 
I see it on the OTCBB site..

"Mon, Aug 21, 2006

12:01 PM Digital Descriptor Systems, Inc. Announces 2nd Quarter ¿06 Results - E-World Wire "
 

---

Posted by bksundar on :
 
Get a quote for DDSI in www.otcbb.com.
Then you will find it...
 

---

Posted by tradinggal on :
 
I show the news on Choicetrade with the same error also.
 

---

Posted by gatorhistory on :
 
yeah, it's on otcbb.com folks. just thought I would post it for everyone to see when it came out...

now if we can just get this sucker moving.
 

---

Posted by FARIMI on :
 
I see it!!
 

---

Posted by Schwabie on :
 
Yes, got it, it kept showing yahoo stock not ddsi We got the PR but its showing 1 trillion $ company lol... We need a correction !
 

---

Posted by FARIMI on :
 
Looks like everybody froze with the PR.
 

---

Posted by Barrharbor on :
 
I just got off the phone with Tony Shupin who said that he had rejected the press release do to the errors and yet it somehow made it online anyway. Obviously, he was pretty disgusted with the news service and is working on gettng it straightened out immediately. The numbers do look good but the typos need to be corrected. Said he would call me back when errors are corrected.
GLTA
 

---

Posted by Schwabie on :
 
Good work Barr. 5 Stars !
 

---

Posted by FARIMI on :
 
yeah! actually they should take ayaw two from me and give them to him!
 

---

Posted by tradinggal on :
 
Does anyone know what effect this correction will have. Im thinking its not moving because this news hasnt reached everyone yet. What do you all think?
 

---

Posted by Schwabie on :
 
IMHO, news really isn't out. Its not posted on Schwab and its not showing on yahoo either.
 

---

Posted by BuckyBarnes on :
 
No news appearing on Scottrade either.
 

---

Posted by Barrharbor on :
 
WOW, 5 stars for a phone call!!! Thanks Mr Schwabie. It doesn't appear that this PR made it very far as he did ask where it was posted. Just checked my Ameritrade account and it doesn't show anything new.
 

---

Posted by tradinggal on :
 
Is anyone going to try to get some at 2, I got in at 1 friday and Im thinking about adding. When this hits, I would think the pps will go to at least 3 or 4
 

---

Posted by gatorhistory on :
 
RSI is over 50 again and holding --- once the news dissiminates it should have an impact IMO. lot of buying going on today...and some swapping of shares at 1 I think. When does the short list come this month? should be soon eh?

what would be even better is the announcement of the new website and other additional news, etc..
 

---

Posted by bksundar on :
 
Back to 0.0001
 

---

Posted by jon clogger on :
 
quickly back to .0002
 

---

Posted by gatorhistory on :
 
After hours release/fix of the PR from earlier today:

Digital Descriptor Systems, Inc. Announces 2nd Quarter '06 Results

Revenues Increase to $1,233,729, up 40.9 Percent from Q2 '05

SEA GIRT, N.J., Aug. 21, 2006 (PRIMEZONE) -- Digital Descriptor Systems, Inc. (Pink Sheets:DDSI) -- an industry leader in the development of Homeland Security and other commercial security related products -- today announced results for the period ending June 30, 2006. Revenues grew 40.9 percent, to $1,233,729, from second quarter 2005 revenues of $875,513. Gross profit rose over 210 percent, to $899,191 from $428,053 for the same period in 2005.

"We are pleased with the results of our plan to date," says Anthony Shupin, CEO of DDSI. "Our earnings before interest, taxes, depreciation and amortization are $221,785 versus a negative $214,124 in Q2 '05. Our immediate focus has been to achieve increased revenue along with positive cash-flow. This will enable us to sustain the company as we grow the use of our security products and services to more companies and agencies throughout the world."

DDSI CFO Michael Pellegrino adds: "Overall, we have a healthier company today than one year ago. Total six month revenues, compared '06 to '05 are up 205 percent to $2,104,693 from $1,024,388, while gross profit is up 277 percent increasing $944,586 over the prior year. Operating income (income prior to interest, depreciation, amortization and taxes) increased from a loss in '05 of $373,902 to a profit of $109,184 for the same period. Net loss for the period and year-to-date increased $215,942 and $516,938 respectively mainly due to an increase in expenses related to our debt."

About Digital Descriptor Systems, Inc.

The company, based in Sea Girt, N.J., 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., based in Somerset, N.J., 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. Additional information is available online at www.cgmsecuritysolutions.com.

Safe Harbor Statement

Safe Harbor Statement 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. Forward-looking statements can be identified 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 management believes 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. The company undertakes 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 the company, review its SEC filings.


HTML:http://newsroom.eworldwire.com/releases/15312
PDF: http://newsroom.eworldwire.com/pdf/15312.pdf
ONLINE NEWSROOM:http://newsroom.eworldwire.com/305379.htm
NEWSROOM RSS FEED:
http://newsroom.eworldwire.com/xml/newsrooms/305379.xml
LOGO:http://newsroom.eworldwire.com/305379.htm
CONTACT: Steven Reid
732-892-5000
sreidassoc*aol.com

Source: PrimeZone (August 21, 2006 - 4:22 PM EDT)
 

---

Posted by Schwabie on :
 
In regards to the PR, I must say.. it really does look good... they may have a future ! Audited financials. Not many can say that ! We'll see what happens...

$0.0002
Last Price 0.0001 +100.00%
Today’s Change $0.0002
Today’s Open 83,401,700 Above Avg.
Today’s Volume

Time & Sales most recent next page
Rec. Time Action Price Volume
3:50:04 PM Trade 0.0002 250000
3:49:40 PM Trade 0.0002 50000
3:45:36 PM Trade 0.0002 1750000
3:36:00 PM Trade 0.0002 60000
3:31:54 PM Trade 0.0002 1250000
3:00:26 PM Trade 0.0001 2000000
2:46:26 PM Trade 0.0002 1250000
2:42:42 PM Trade 0.0001 1000000
2:31:38 PM Trade 0.0002 1000000
1:56:24 PM Trade 0.0002 3000000
1:54:10 PM Trade 0.0002 500000
1:08:38 PM Trade 0.0002 350000
1:08:36 PM Trade 0.0002 350000
1:07:18 PM Trade 0.0001 7000000
12:29:50 PM Trade 0.0002 750000
11:37:40 AM Trade 0.0001 2500000
11:37:36 AM Trade 0.0001 9000000
10:23:42 AM Trade 0.0001 6000000
10:23:40 AM Trade 0.0001 9000000
10:23:20 AM Trade 0.0001 196500
10:22:12 AM Trade 0.0001 1500000
10:22:12 AM Trade 0.0001 1000000
10:22:08 AM Trade 0.0001 9000000
10:20:04 AM Trade 0.0001 5000000
10:09:56 AM Trade 0.0001 9000000
10:08:48 AM Trade 0.0001 9000000
9:49:12 AM Trade 0.0001 200000
9:49:10 AM Trade 0.0001 200000
9:30:58 AM Trade 0.0001 200
9:30:26 AM Trade 0.0002 250000
9:30:20 AM Trade 0.0002 250000
9:30:10 AM Trade 0.0002 745000

Volume is still increasing daily.

Thanks for the updated/ corrected PR Gator.
 

---

Posted by dlswhit on :
 
Has anyone here been able to get filled at .0001?

Just curious...

dlswhit
 

---

Posted by Schwabie on :
 
Not me... been trying for a long $#*$#* while !
 

---

Posted by beechwood on :
 
The numbers look good.
The real question is if the MM's will let it run
or sit on it while they accumulate for the next
two months.
 

---

Posted by MoneyMoneyMoney on :
 
I'll let you know when I fill X .0001 because I have been on the list for an order of 10mill X .0001 for 5.5 months now. I am NOT using AON. I do NOT use AON orders.
 

---

Posted by diablo on :
 
that doesnt sound right since I got my 50m * .0001 filled 3-4 weeks ago being waiting in line for 3 months only.
 

---

Posted by MoneyMoneyMoney on :
 
lmao, I'm sure you didn't because some of my buddies have been trying with me X .0001 and none of us have. I'll believe their word over yours anyday......
 

---

Posted by jon clogger on :
 
Certainly not a 50m all or nothing order.
 

---

Posted by alwaysup on :
 
Guys,
DDSI has only been running at .0001 for a little over 2 months. You really should check the charts before you start your BS
 

---

Posted by RJD2000 on :
 
We need to have volume over 750M in order to get this stock moving. IMHO.

GLTA
 

---

Posted by bksundar on :
 
PAIM used to have 1b volume days, months before it started to rise from 0.0001 to its current levels.
Hope this one does not take months...
 

---

Posted by Schwabie on :
 
Before today I doubt anyone has gotten filled at .0001 . Sorry but I've had orders in for way too long and still not filled.
 

---

Posted by bksundar on :
 
Let us not believe any guy who has an ID for less than a few months who claims he can get filled at 0.0001. I don't think anyone got filled at 0.0001.

There was a cartoon tonicma who claimed to have a billion shares of PAIV at the lowest level. Now he disappeared...
So let us not believe everyone.
 

---

Posted by Schwabie on :
 
Especially 50 Million....
 

---

Posted by MoneyMoneyMoney on :
 

quote:

---

Originally posted by alwaysup:
Guys,
DDSI has only been running at .0001 for a little over 2 months. You really should check the charts before you start your BS

---

Ok.... So do YOU know ANYONE whom has picked up shares X .0001!?? I have been reading this thread since Feb and NO ONE has ever admitted to being able to buy X .0001 at anytime. hmmm......
 

---

Posted by Schwabie on :
 
Because no one has up to this point !
 

---

Posted by BuckyBarnes on :
 
The lowest pps I could get in at was .0002 several weeks ago.
 

---

Posted by Chipmunk2k on :
 
the day after the PR about the good 10q and only 2.5 mil in volume so far.

Putting my sell order in for .0002 today.
 

---

Posted by FARIMI on :
 
Did Tony mentioned anything abouth a buyback? in the 10q-PR. I think this is the only way to lift this up beside big contracts. Which I don't see we had something.
 

---

Posted by Schwabie on :
 
Company has no intention of doing a buyback at this time.
 

---

Posted by FARIMI on :
 
Oh God. Then we must rely on big contracts then! Let's see what happend this week, maybe the 10q and PR should spread out a little bit more in order to show investors about the health of the company.
 

---

Posted by bksundar on :
 
Generally a stock rises on some impending contarct etc not on earnings unless they are what the guys didn't expect at all (in both directions - up and down)
Look at USXP - it again rising today after weeks of staying at 0.0035. It is not that they had unexpected earnings, but some impending contract/PR fluff.
 

---

Posted by tradinggal on :
 
I did pick up shares at .0001. It was only about a million, but it went through, I think Friday.
 

---

Posted by Schwabie on :
 
Brb, Im going to make a new ID bcuz i bought some too at .0001 Lol.. NOT

FYI... Just kidding I am not going to make a new ID
 

---

Posted by bksundar on :
 
I also bought a zillion at 0.0001 I think it was tommorrow !!!
 

---

Posted by Schwabie on :
 
When I get filled, I'll believe. I've have orders for the longest time !
 

---

Posted by tradinggal on :
 
Maybe you are putting in orders for too many shares. I only put it in for $100 worth. I dont know, or maybe I got lucky, no reason to lie though. I want this to go up too. And Im still hoping it might go at least to 3 for a second today, maybe??
 

---

Posted by Schwabie on :
 
Schwab only allows 999,999 max shares / trade. Like i said I got multipleeeeeeeeeee orders in. Every order is for $100 each + $7.96 commision !
 

---

Posted by gatorhistory on :
 
I think what we're seeing here is no one will to sell out to the MM's at a low price. Accumulation is at it's highest point at least in recent years.

I think a good question to ask at this point is when does the short list come out -- and how much are they short on DDSI. The trades yesterday were all pretty much swapping shares between MM's...perhaps in order to cover their short positions before the list is released.

GLTA
 

---

Posted by tradinggal on :
 
Well then, I dont know what happened. Thats weird. Well my wasnt exactly for 1 million shares it was 800 thousand. I know that the MM's are doing this with EQBM. You can only buy and sell in exact amounts on the bid and it seems they pick and choose which ones, or another buy will go in for lower than what you bid and pass your bid over. I dont know what the point of that is but it happens. I would just be suprised of hearing about anyone selling at 2.
 

---

Posted by tradinggal on :
 
I wasnt into this before, but was there are large short position last time?
 

---

Posted by Schwabie on :
 
Agreed gator. When this goes it will go big IMO because MM's have accumulated for such a LONG time. They are LOADED with CHEAP shares. Investor accumulation is off the chain !
 

---

Posted by Ragedbull777 on :
 
Level II details anyone?
 

---

Posted by FARIMI on :
 
volume jump! 24,252,000
 

---

Posted by gatorhistory on :
 
looks like they're getting every little share they can:

Time & Sales
Price Size Exch Time
0.0002 100000 OTO 12:41:07
0.0002 5000 OTO 12:37:39
0.0002 3000000 OTO 12:22:10
0.0002 1303070 OTO 12:01:12
0.0002 9000000 OTO 12:01:12
0.0002 9000000 OTO 12:01:11
0.0002 194980 OTO 12:01:01
0.0002 1950 OTO 12:00:47
0.0002 1000000 OTO 11:17:36
0.0002 1000000 OTO 11:13:02
0.0002 250000 OTO 11:03:07
0.0002 327000 OTO 10:25:30
0.0002 750000 OTO 09:32:44
0.0002 250000 OTO 09:30:12
0.0002 1175000 OTO 09:30:10
 

---

Posted by FARIMI on :
 
Man! I can't still buy on line. Have you guys?
 

---

Posted by MoneyMoneyMoney on :
 
4 MM on the bid X .0001.

18 on the ask:
8 X .0002
8 X .0003
1 X .0004
1 X .0009
 

---

Posted by Schwabie on :
 
No, You have to place a call to your broker to place a trade.
 

---

Posted by FARIMI on :
 
.0001
 

---

Posted by tradinggal on :
 
Is that why the volume is so low? Well at least no one sold today at 1, thats gotta be a good sign
 

---

Posted by bksundar on :
 
Back to 0.0002
 

---

Posted by tradinggal on :
 
I stand corrected actually, need to look at the real time quotes I guess.
 

---

Posted by gatorhistory on :
 
there were two trades at one, both very small. I would say even more accumulation going on today. hopefully they will get enough shares at some point to let this play out. short list comes out Thursday I believe.
 

---

Posted by jon clogger on :
 
Bashers come in all sizes:

1) Drive-by basher: They fling intellectual feces on the forum once and you never hear from them again. They usually don't even read responses.

2) The bashful basher: Comes across nice with phrases like, "be careful guys, there's a risk here..." Like we don't phucking know it already.

3) The bitter basher: Got killed on this particular stock buying it at the 52 week high and holding the bag or selling at the 52 week low and can't move on- also VERY jealous we are getting shares dirt cheap.

4) And finally, Darth Basher: MM's infiltrating forums such as these to present a seemingly good, but pessimistic outlook for the company, all supported by DD with a twist.
 

---

Posted by deltaray on :
 
awesome basher categorization *clogger
 

---

Posted by quickpicker on :
 
It's kinda sad but I think this stock has seen every one of those types of bashers. Would I ever like to see a big run to shut them all up once and for all.
 

---

Posted by JIF on :
 
Morning gents. I'm pretty disappointed that this didn't rise to .002. I wasn't counting on it, but I had my hopes up.

Anyway. I'm still in. I still believe. I'm just waiting like everyone else.

Hopefully they will put a pr together and release some positive news.

I'm also still looking forward to the new web site. That should be worth something.
 

---

Posted by Thomas Mick on :
 
Does anyone have L2's on this. I'd love to see who the stick in the mud is.
 

---

Posted by MoneyMoneyMoney on :
 
5 MM's on bid X .0001.

18 on the ask:
7 X .0002
9 X .0003
1 X .0004
1 X .0009
 

---

Posted by gatorhistory on :
 
short list out tomorrow. thoughts on what we might see?
 

---

Posted by FARIMI on :
 
Gator, would you explain me a little about short list?
 

---

Posted by gatorhistory on :
 
you can read a lil' about it here:

http://www.otcbb.com/asp/OTCE_Short_Interest.asp

depending on how many shares they are short, combined with the good news from the 10q, it might finally help us get some action.
 

---

Posted by FARIMI on :
 
Cool! thanks for the info Gator
 

---

Posted by kenzone on :
 
Anyone else see this PR from their website?

http://www.app.com/apps/pbcs.dll/article?AID=2006608220325

If you can't pull up the link go the the DDSI homepage and look under "news"...dated 8/22/2006..."Company in Wall has acted to gain more secure future"

The PR mentions opening new business in Europe and Asia.
 

---

Posted by FARIMI on :
 
Good find Kenzone! star for you!
 

---

Posted by gatorhistory on :
 
wow, excellent find!

I like the following:

quote:

---

Sales have grown since the purchase of CGM. For the first six months of the year, revenue was $2.1 million, compared with $1.02 million for the same period in 2005.

The company had an operating profit of $109,184 for the most recent six month-period compared with a loss of $373,902 last year.

Shupin said the company's customers include the U.S. government, pharmaceutical companies, such as McNeil Laboratories and Pfizer; airlines such as American Airlines; as well as other companies, including General Dynamics, Tommy Hilfiger and American Honda Motors.

Now the company has added to its sales force, hired a European distributor and is in negotiations for a distributor in Asia. Executives also are talking to elected officials to try to spread the word about the company.

---

quote:

---

Originally posted by Schwabie:
Kenzone. Excellent find. Missed that one.

5 stars !

---

Thank you. I was as suprised as well...but this is inherently the problem with DDSI. A nice article written and except for their website no mention of it anywhere else that I can find. Opening new markets in Europe and Asia is something that needs to be broadcasted.

I've owned DDSI since last October...I have patiently waited for this to reach it's true potential. Hopefully soon!!
 

---

Posted by Schwabie on :
 
Ask them and they will say Non Disclosure ! But I must say I do like this company. They have alot going on that they are not letting us know about. I will just sit quietly for it to go KABOOM !
 

---

Posted by MoneyMoneyMoney on :
 
woops, gator beat me to it. Nice post!
 

---

Posted by JIF on :
 
That's awesome. Well, maybe it's because they don't want to appear like pumpers.

Remember, this company is run by a very conservative guy who was once a public accountant.

It's probably not in his nature to blow smoke with daily pr's about nothing.
 

---

Posted by bksundar on :
 
Closed down at 0.0001 I want it back up to 0.0002
 

---

Posted by gatorhistory on :
 
I think we'd all like to see this at higher levels, it will happen.

Accumulation is continuing to rise -- right now it's massive showing from the charts. Be interesting to see the short list when it comes out tomorrow.

GTLA
 

---

Posted by FastEddie777 on :
 

quote:

---

Originally posted by bksundar:
Closed down at 0.0001 I want it back up to 0.0002

---

I want it at .0003. GLTA
 

---

Posted by quickpicker on :
 
I would like to see it at .001
 

---

Posted by RJD2000 on :
 
I'd like to see .01 but, I,ll settle for .005 GLTA
 

---

Posted by shomethamoney on :
 
Does anyone have any news on the short list and where we are on it, or if we are on it?
 

---

Posted by JIF on :
 
Good questions. And, what will happen when it comes out? I'm not sure I understand how this list will effect the stock price.
 

---

Posted by gatorhistory on :
 
if MM's have been shorting this heavily, with the current level of accumulation they are going to need shares badly, and lots of them. you gonna sell yours cheap?

list comes out today after close.
 

---

Posted by JIF on :
 
no way. I'm in this for the long haul. I watch too many stocks go up right after I sell them. I hate that. I feel like I missed the boat.

It's not going to happen again.
 

---

Posted by gatorhistory on :
 
http://www.otcbb.com/asp/OTCE_Short_Interest.asp - today after 4.

I might also add that CNES was behaving this way with the 1/2 bit before it started to move a few months ago. I really don't understand companies moving on promises instead of actual results...it continues to boggle my mind.
 

---

Posted by JIF on :
 
OK, so we'll get it today after the bell. That's good stuff. I'm looking forward to it.

I'm also interested to see how the market reacts, and if the company/OTCBB can do anything about it to shake the short sellers.
 

---

Posted by FARIMI on :
 
Does anybody remember if the past short list caused and effect in the share price, I think should be better this time since we had good quarter results and better P/R than last time one?
 

---

Posted by bksundar on :
 
Finally back up to 0.0002. I was sick to my stomach seeing this at 0.0002 !!!
 

---

Posted by bksundar on :
 
I meant 0.0001
 

---

Posted by JIF on :
 
Yeah, I hate seeing it at .0001
 

---

Posted by atleast on :
 

quote:

---

Originally posted by JIF:
Yeah, I hate seeing it at .0001

---

at least I don't see 9mil blocks anymore - if dilution is over (not sure but hope so) it's just a matter of time...
 

---

Posted by bksundar on :
 
Back to disgusting 0.0001
 

---

Posted by Schwabie on :
 
it's at .0001 yet i'm STILL not filled ... lol some .0001 !
 

---

Posted by bksundar on :
 
Ask is always at 0.0002. Thank goodness...
 

---

Posted by FARIMI on :
 
is almost time for the short list to come out! Let's hope make a bit shake..
 

---

Posted by megahead34 on :
 
Yea, doesn't looks like much in short list.
 

---

Posted by midwestTEK on :
 
So Shwabie BUDD-E what a good entry for this BABY?
 

---

Posted by midwestTEK on :
 
I've hawked diss one for a while, I think I like the price, SHEWWY!!! It don't gets no better than diss mon'!
 

---

Posted by Schwabie on :
 
Try .0001 but probably won't get in unless .0002 . This is a long play though. Don't get in if you need the money or you are expecting quick bounce. Accumulation is REALLY high... we are all waiting for something to ignite this. Most probably will be MM's running it !

But this is a VERY informative thread. If you have questions go ahead and ask away !
 

---

Posted by midwestTEK on :
 
Welp Im sendin MO MONEY MO MONEY monday, and is it filling easily?
 

---

Posted by FastEddie777 on :
 
I'm all in. Come on dealer, show me a 3.
 

---

Posted by FARIMI on :
 
(MM's, shorts, brokers(not allowing on line trades), bashers, board salary) VS good 10Q, few PR (actually just one) And the winner is ....guess!!
 

---

Posted by jon clogger on :
 
A trade for 3000 shares at .0001 just went through to bring the price back down. I wish I had the throw away money to follow those trades with small .0002 trades. MM's are such chicken sh!t.
 

---

Posted by FastEddie777 on :
 
Level II details anyone? Thanks
 

---

Posted by Soylent Green on :
 
Symbol: DDSI

L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 7 35000 0.0002 8 40000
0.0000 0 0 0.0003 8 535000
0.0000 0 0 0.0004 1 5000
0.0000 0 0 0.0005 1 5000
 

---

Posted by FastEddie777 on :
 
thanks Soylent! gltu
 

---

Posted by Chipmunk2k on :
 
Ive been trying to sell 3 Mill shares * .0002 for about a month now and the order never goes through... its really frustrating me.
 

---

Posted by JIF on :
 
Digital Descriptor Systems, Inc. (DDSI) - Thursday's shares stayed even at $0.0001. The volume was at 10,450,000. Digital Descriptor Systems, Inc. -- an industry leader in the development of Homeland Security and other commercial security related products -- today announced results for the period ending June 30, 2006. Revenues grew 40.9 percent, to $1,233,729, from second quarter 2005 revenues of $875,513. Gross profit rose over 210 percent, to $899,191 from $428,053 for the same period in 2005.

The company, based in Sea Girt, N.J., 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 http://www.ddsi-cpc.com.

For a quote and the latest news on this company, please visit: http://www.*********.com/profiles/DDSI.php .
 

---

Posted by JIF on :
 
So, they are starting to pump through s t o c k g u r u and others. That's good.
 

---

Posted by Schwabie on :
 
Pumping isn't good for the stock IMO.. that just makes bagholders out of people.

When the MM's are ready this will fly. Till then this is a hold

Do not invest here if you want fast cash.

NOTE : Buy in is at .0002 Exit if you run out of patience is at .0001
 

---

Posted by FARIMI on :
 
Patience! I think mine is dried up! but I don't have other choice, other than sale with big lost! But that is not going to happen! I'll stay in as long as it takes to go up!
 

---

Posted by gatorhistory on :
 
getting more attention to a stock is not a bad thing...I think it means they are gearing up for some movement -- hopefully

Very straaaaange there are no short shares for DDSI...wonder why that is.
 

---

Posted by midwestTEK on :
 
I think MM's might be trying to help out investors!!!
If yah believe that then read below!!!
 

---

Posted by Chipmunk2k on :
 
Was anyone able to sell at .0002 in the past month or so? I though I remember someone saying they were able to...
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by Schwabie:


NOTE : Buy in is at .0002 Exit if you run out of patience is at .0001

---

quote:

---

Originally posted by Chipmunk2k:
Was anyone able to sell at .0002 in the past month or so? I though I remember someone saying they were able to...

---

quote:

---

Originally posted by gatorhistory:
well, njoy if you offload.

I for one will not give the MM's what they are looking for. the MM for this stock has restricted it from online trading to some end. This is gonna move huge at some point IMO.

GLTA

---

My sentiments exactly
 

---

Posted by RJD2000 on :
 
I have not seen any restrictions buy or selling at scotty. Not that I intend to sell. I don't have enough money tied up in this to make it worth while to sell. If I get some SLJB money then I may buy more and hope for greener days in the future. We are watching the growth of a good company. I think it will take a few more quarterly reports to get this going. Or some incredible PR that gives us real information. We need to attract new money into this stock.
JMHO

GLTA
 

---

Posted by gatorhistory on :
 
try buying or selling the stock. the etrade rep told me the actual MM for this particular stock has restricted it's online trading ability -- without being able to give me a reason for them doing so.

Anybody know why a MM would do this?
 

---

Posted by Schwabie on :
 
I called Schwab. Restrictions have been removed.

You are able to buy & sell freely online.

I tried it and trading online has been reinstated.
 

---

Posted by gatorhistory on :
 
excellent! I will call etrade this morning and see if it's good there as well.

I still would like to know WHY the MM restricted this for so long from online trading.
 

---

Posted by FARIMI on :
 
E-trade still restricting ddsi for online trading!
 

---

Posted by FARIMI on :
 
0 volume? what is happening here?
 

---

Posted by jon clogger on :
 
Remember the kid in elementary school who couldn't handle the "keep-away" game and would run crying to the teacher to stop the game? We got an MM who didn't get enough shares... whiney little b!tch.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by jon clogger:
Remember the kid in elementary school who couldn't handle the "keep-away" game and would run crying to the teacher to stop the game? We got an MM who didn't get enough shares... whiney little b!tch.

---

LOL, well put
 

---

Posted by gatorhistory on :
 
interesting analogy

trade for a million. wonder what's up with this volume today...or lack there of.
 

---

Posted by FARIMI on :
 
Did They drop the price with just 10 fu....n shares?
 

---

Posted by gatorhistory on :
 
why yes, yes they did.

Time & Sales
Price Size Exch Time
0.0001 1000 OTO 15:20:02
0.0002 500000 OTO 14:14:43
0.0002 50000 OTO 14:08:51
0.0001 1000000 OTO 13:16:56
 

---

Posted by FARIMI on :
 
Man these guys really !got the Power!
 

---

Posted by FARIMI on :
 
Anyway! let's see who has more power here they playing or me with my patience! I can wait all live long here watching how they play. One day they will get tired and jump to another stock and leave this alone.
 

---

Posted by Thomas Mick on :
 
There has to be a reason for DDSI lurking at the bottom of the outhouse; particularly after releasing good financial numbers. Perhaps it has something to do with the Security and Prosperity Partnership (SPP) agreement (www.spp.gov) that was signed last year and currently being implemented by the Commerce Department. After learning about it and doing some research it would explain a lot. It is shrouded in misinformation and obfuscation by the media and I cannot imagine that any company in the security field, particularly ones with government contracts, is not aware of it in some manner.

Just expressing MY OPINION while trying to figure out WHY this position is defying logic in the market.
 

---

Posted by gatorhistory on :
 
I dunno...4 mln in volume today. from the chart is looks like everyone is holding on to what they got. I haven't been able to get an answer out of the transfer agent as to how many shares are currently available -- etrade has yet to give me a straight answer as well as to why they have been blocking online trades for the stock.

Something is definitely going on here.
 

---

Posted by T e x on :
 
"I haven't been able to get an answer out of the transfer agent . . . "

what *does* the TA say?
 

---

Posted by gatorhistory on :
 
nothing as of yet. my calls and emails have not been answered.
 

---

Posted by jon clogger on :
 
This is a serious stand off. Kind of like Doc and Ringo in Tombstone... "I'm your huckleberry.... say when..."
 

---

Posted by gatorhistory on :
 
LOL - I like your analogy

At least we got some volume today and ended on a high note for the day. seems like everyone is holding their hands on this one.
 

---

Posted by stocktrader2006 on :
 
The only thing I'm holding are my nuts...this thing is a 1st class POS.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by gatorhistory:
LOL - I like your analogy

At least we got some volume today and ended on a high note for the day. seems like everyone is holding their hands on this one.

---

quote:

---

'Our earnings before interest, taxes, depreciation and amortization are $221,785 versus a negative $214,124 in Q2 '05. Our immediate focus has been to achieve increased revenue along with positive cash-flow. This will enable us to sustain the company as we grow the use of our security products and services to more companies and agencies throughout the world.''

---

looks like they are trying to draw more attention to the stock again.
 

---

Posted by Chipmunk2k on :
 
I decided to hold a little longer rather than selling at .0001 , I think they said they were gonna be at the ASIS show this september. I will be there as well. I'm looking forward to checking out their products.

This is what I like best about their most recent interview...Specifically the mention of the internationl rollout.

The company had an operating profit of $109,184 for the most recent six month-period compared with a loss of $373,902 last year.

Shupin said the company's customers include the U.S. government, pharmaceutical companies, such as McNeil Laboratories and Pfizer; airlines such as American Airlines; as well as other companies, including General Dynamics, Tommy Hilfiger and American Honda Motors.

Now the company has added to its sales force, hired a European distributor and is in negotiations for a distributor in Asia. Executives also are talking to elected officials to try to spread the word about the company.
 

---

Posted by Chipmunk2k on :
 
Am I missing something here. GZFX is at like 10+ billion outstanding shares right? thats 36 Million dollars * .0040 , Did GZFX have a postive operating profit last year?

DDSI is at .0001 and has 9+ bil outstanding shares which is around $900,000

With a company producing positive numbers like this and showing a positve profit apposed to a loss last year. Accumulation through the roof. I'm scrathing my head.

I'm new to penny stocks. So i would appreciate any input on my comments.
 

---

Posted by Schwabie on :
 
Chip... now you're catching on. Key word here is UNDERVALUED ! Hence why we are accumulating a lot and holding long and strong !

Makes no sense !
 

---

Posted by Thomas Mick on :
 
Does anyone have L2's for this?
 

---

Posted by Soylent Green on :
 
Symbol: DDSI

L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 8 40000 0.0002 10 50000
0.0000 0 0 0.0003 6 525000
0.0000 0 0 0.0004 2 10000
0.0000 0 0 0.0008 1 5000

L2 Quote:
MM on Bid : 8
MM on Ask : 19
MM ID Bid Size Time
JEFF 0.0001 5000 08:18:11
UBSS 0.0001 5000 08:18:11
VFIN 0.0001 5000 08:18:11
HDSN 0.0001 5000 08:18:11
SBSH 0.0001 5000 08:18:11
VERT 0.0001 5000 08:45:22
NITE 0.0001 5000 09:03:16
VIEW 0.0001 5000 09:13:19
MM ID Ask Size Time
JEFF 0.0002 5000 08:18:11
UBSS 0.0002 5000 08:18:11
MAXM 0.0002 5000 08:18:11
SACM 0.0002 5000 08:18:11
PERT 0.0002 5000 08:18:11
SSGI 0.0002 5000 08:20:38
HILL 0.0002 5000 08:22:47
DOMS 0.0002 5000 08:24:06
TASL 0.0002 5000 08:55:58
NITE 0.0002 5000 09:03:16
VFIN 0.0003 5000 08:18:11
HDSN 0.0003 5000 08:18:11
VNDM 0.0003 500000 08:18:12
 

---

Posted by megahead34 on :
 
Wow, not a single trade!
 

---

Posted by gatorhistory on :
 
well, no trades but they are in the ********* bulletin again today...they are trying to attract attention for a reason I would think. Hopefully there is more good news in the pipeline - a lot of people are holding a lot of shares on this one. GLTA
 

---

Posted by JIF on :
 
Hey Gents! I'm on vacation. Sorry I haven't said hello in a while. I hope all is well for everyone. I'm holding long and strong on DDSI!

It will have it's day. I'm convinced.

All the best to all of you.
 

---

Posted by MoneyMoneyMoney on :
 
JIF, as you see nothing going on but accumulation. Enjoy your vacation and "forget about it". lol.

Our time will come. People will realize this pinksheet reports and is having great progress.
 

---

Posted by crazymanjay on :
 
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 30-Jun-06 31-Mar-06 31-Dec-05 30-Sep-05
Total Revenue 363 871 1,192 1,119
Cost of Revenue 41 293 321 296

Gross Profit 322 578 872 823

Operating Expenses
Research Development (27) 27 29 26
Selling General and Administrative 14 664 827 659
Non Recurring - - - -
Others - - (44) 19

Total Operating Expenses - - - -


Operating Income or Loss 334 (113) 59 120

Income from Continuing Operations
Total Other Income/Expenses Net (28) (693) (187) -
Earnings Before Interest And Taxes 307 (805) (128) 120
Interest Expense 433 1,092 467 540
Income Before Tax (126) (1,898) (595) (420)
Income Tax Expense - - (25) 25
Minority Interest - - - -

Net Income From Continuing Ops (126) (1,898) (570) (445)

Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income (126) (1,898) (570) (445)
Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares ($126) ($1,898) ($570) ($445)



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• Sector Analysis
 

---

Posted by brackep on :
 
DDSI please let us see some upticks this week ...
 

---

Posted by gatorhistory on :
 
holy volume this morning!
 

---

Posted by Schwabie on :
 
Volume: 64,075,000

Let me know when we get to 1/2 billion volume
 

---

Posted by gatorhistory on :
 
compared to last week, holy volume is appropriate
 

---

Posted by quickpicker on :
 
C'mon lets see some .0003's or more
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by gatorhistory:
compared to last week, holy volume is appropriate

---

quote:

---

Originally posted by brackep:
a lot of volume today ... to bad most are sells ...

---

quote:

---

Originally posted by FARIMI:
Are you guys now able to buy/sell on line?

---

WITH SCHWAB YOU CAN BUY & SELL ONLINE
 

---

Posted by Peterx on :
 
Bored...bored...bored!!!!
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by Peterx:
Bored...bored...bored!!!!

---

quote:

---

Originally posted by Schwabie:

quote:

---

Originally posted by Peterx:
Bored...bored...bored!!!!

---

GET USE TO IT.

ONLY WAY THIS LOOKS LIKE IT WILL RUN IS BY AN MM INITIATED RUN...

---

quote:

---

Originally posted by beechwood:
I can't believe people are still pumping this POS
You MM's are tipping your hand.
We know who you arrrrrreeee...

---

Yes, please do! And post links to your DD, LMAO.
Many folks still have faith in this stock and are talking about the stock in a constructive manner that is not "pumping".
 

---

Posted by gatorhistory on :
 
I would love to know who the actual market maker is for this stock.....please fill us in.
 

---

Posted by bksundar on :
 
I got caught in the hype and I am losing all faith in this stock. This is really a POS, till I see some light (even an iota of hope !!!)

I suggest all non-MMs stop giving importance to this stock till it shows some light. Let us move on...

I do not want to see this stock everytime on the top
this board as though it has moved to 0.001, while price does not move an inch beyond 0.0001 bid/0.0002ask for months and months....
 

---

Posted by matto on :
 
but when it goes you will make $$$$$$$$$$
 

---

Posted by bksundar on :
 
Whenever that is . Till then can stop hyping this POS... Why only this ?? Then, start hyping all POS like JMCP, AWBV, QBID.

Just like 'superman7', let us concentrate on this stock THE DAY IT RISES, not the 6 months it stays at 0.0001
 

---

Posted by matto on :
 
most of the time the folks that keep dwelling on a stock are the ones who are stuck in for a higher price and have no other funds to play or its someone who really believes!
 

---

Posted by MoneyMoneyMoney on :
 
good point matto. So bksundar you may move on now and be happy. Let us believe in what we are invested in. I do not go telling you your stocks are worse than mine. They are all crap until a diamond is found. Key word "A".
 

---

Posted by bksundar on :
 
Point taken. I will shut up....
 

---

Posted by jon clogger on :
 
The million dollar question: will the MM's let this run this week, this month, or this year?
 

---

Posted by gatorhistory on :
 
g'morning all.

always a good question...we'd all be rich if we knew the answer
 

---

Posted by megahead34 on :
 
I can't wait for the day this pops to 17 cents... If it ever happens. I'm still holding long and strong.
 

---

Posted by FARIMI on :
 
Honestly, I doubt it will go up that high, MM's will hold us this low until every single share holder unload their shares before they let this go fly, but in my side, puck!! the MM's if I have to die with my shares i'll do, I'm not let them have mine. I hope every body do the same, we are in and we have to hold until the MM's got kill, arrested, got divorce and suicide themselves or go bankrup or any other that distract them from this stock.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by FARIMI:
Honestly, I doubt it will go up that high, MM's will hold us this low until every single share holder unload their shares before they let this go fly, but in my side, puck!! the MM's if I have to die with my shares i'll do, I'm not let them have mine. I hope every body do the same, we are in and we have to hold until the MM's got kill, arrested, got divorce and suicide themselves or go bankrup or any other that distract them from this stock.

---

quote:

---

Originally posted by ABEX TRADER:
WOW this is rocketing!

---

quote:

---

Originally posted by RJD2000:

quote:

---

Originally posted by ABEX TRADER:
WOW this is rocketing!

---

HAHA.

I guess everyone is bord with this one. I don't need the money so I can let it sit. Some day before I'm old and gray maybe it will payoff. LOL

GLTA

---

quote:

---

Originally posted by Chipmunk2k:
Well it was fun guys. Just sold all my shares.

See ya around the boards!

Matthew

---

quote:

---

Originally posted by Soylent Green:
Nice fat finger at .0011

---

quote:

---

Originally posted by Soylent Green:
Nice fat finger at .0011

---

quote:

---

Goes to 0.0002 for like 10min and back to 0.0001 in the same speed...

---

quote:

---

Originally posted by BlindMellonChitlin:
Might be good news....

According to 'trusted sources' pigs are going to be authorized to fly next week.

---

Lol...

Please don't spread more BS rumors...


 

---

Posted by Schwabie on :
 
9 Million trades again... dilution ???

There has been alot of selling today.

Thoughts?

DIGITAL DESCRIPTOR S - Nasdaq Other OTC: DDSI

Time & Sales most recent next page
Rec. Time Action Price Volume
12:55:56 PM Trade 0.0001 4000000
12:55:56 PM Trade 0.0001 9000000
12:55:54 PM Trade 0.0001 9000000
12:53:10 PM Trade 0.0001 1000000
12:53:08 PM Trade 0.0001 1000000
12:52:24 PM Trade 0.0001 1000000
12:52:20 PM Trade 0.0001 9000000
12:44:54 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:52 PM Trade 0.0001 1000000
12:41:50 PM Trade 0.0001 1000000
12:41:48 PM Trade 0.0001 9000000
12:41:18 PM Trade 0.0001 1000000
12:41:00 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:38 PM Trade 0.0001 1000000
12:29:56 PM Trade 0.0001 1000000
12:29:10 PM Trade 0.0001 1000000
11:51:10 AM Trade 0.0002 214000
11:30:00 AM Trade 0.0001 2000000
10:58:00 AM Trade 0.0001 5000000
10:58:00 AM Trade 0.0001 3040000
10:58:00 AM Trade 0.0001 5000000
10:58:00 AM Trade 0.0001 5000000
10:57:58 AM Trade 0.0001 1962000
10:55:44 AM Trade 0.0001 5000000
10:55:42 AM Trade 0.0001 5000000
10:54:18 AM Trade 0.0001 5000000
10:54:14 AM Trade 0.0001 5000000
9:31:58 AM Trade 0.0001 2250000
9:31:10 AM Trade 0.0001 4000
9:30:14 AM Trade 0.0001 1750000
9:30:10 AM Trade 0.0002 194900
9:30:08 AM Trade 0.0002 305000

most recent next page
1:28:15 PM EDT - Monday, September 18, 2006 - data is delayed 15 minutes
 

---

Posted by gatorhistory on :
 
there are only a few trades at 9mln, and even those, with the time stamps appear to be larger than 9mln in whole orders.

I don't think it's fair to say they are all sells at 1 either, since MM's aren't letting anyone but themselves buy at 1. I would vote on them swapping shares amongst themselves.
 

---

Posted by bksundar on :
 
I wish this trades like EKWX today. Boy would that a refreshing change...
 

---

Posted by brackep on :
 
E-mail from Michael:

xxxxx,

As usual we have a lot of things in the sales hopper, but as usual we aren't allowed to talk about it. Most of the people we are now dealing with are either large companies or government agencies, and we are under strict non-disclosure agreements with them that we are not allowed to use their names or what we are doing for them. The reasons of course is that they need to keep their security protocols secret. Doesn't do much good if everybody knows what they do in the way of security, just helps the bad guys get around it. While as a company we wish we could announce some of these things, we fully understand their reasons and are in agreement with them

Michael
 

---

Posted by Schwabie on :
 
IN OTHER WORDS,

THEY WONT TELL YOU ANYTHING

LMAO


 

---

Posted by gatorhistory on :
 
everyone knows that is their policy -- I'm not sure why you guys find it surprising...?
 

---

Posted by brackep on :
 
interesting part:

...Most of the people we are now dealing with are either large companies or government agencies...
 

---

Posted by gatorhistory on :
 
big companies + government = HUGE money hopefully. the march towards profitability continues.

notice the jump back up in accumulation today with all that volume.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by gatorhistory:
big companies + government = HUGE money hopefully. the march towards profitability continues.

notice the jump back up in accumulation today with all that volume.

---

VOLUME WAS PEOPLE SELLING AT .0001... NOT ACCUMULATION !

ALSO THOSE 9 MILLION TRADES NOT LOOKING GOOD EITHER.

DIGITAL DESCRIPTOR S - Nasdaq Other OTC: DDSI

Time & Sales most recent next page
Rec. Time Action Price Volume
3:53:20 PM Trade 0.0002 50000
3:37:50 PM Trade 0.0001 1000000
3:37:50 PM Trade 0.0001 1000000
3:37:50 PM Trade 0.0001 1000000
3:37:46 PM Trade 0.0001 1000000
3:37:46 PM Trade 0.0001 1000000
12:55:56 PM Trade 0.0001 4000000
12:55:56 PM Trade 0.0001 9000000
12:55:54 PM Trade 0.0001 9000000
12:53:10 PM Trade 0.0001 1000000
12:53:08 PM Trade 0.0001 1000000
12:52:24 PM Trade 0.0001 1000000
12:52:20 PM Trade 0.0001 9000000
12:44:54 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:56 PM Trade 0.0001 1000000
12:41:52 PM Trade 0.0001 1000000
12:41:50 PM Trade 0.0001 1000000
12:41:48 PM Trade 0.0001 9000000
12:41:18 PM Trade 0.0001 1000000
12:41:00 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:42 PM Trade 0.0001 1000000
12:36:38 PM Trade 0.0001 1000000
12:29:56 PM Trade 0.0001 1000000
12:29:10 PM Trade 0.0001 1000000
11:51:10 AM Trade 0.0002 214000
11:30:00 AM Trade 0.0001 2000000
10:58:00 AM Trade 0.0001 5000000
10:58:00 AM Trade 0.0001 3040000
10:58:00 AM Trade 0.0001 5000000
10:58:00 AM Trade 0.0001 5000000
10:57:58 AM Trade 0.0001 1962000
10:55:44 AM Trade 0.0001 5000000
10:55:42 AM Trade 0.0001 5000000
10:54:18 AM Trade 0.0001 5000000
10:54:14 AM Trade 0.0001 5000000
9:31:58 AM Trade 0.0001 2250000
9:31:10 AM Trade 0.0001 4000
9:30:14 AM Trade 0.0001 1750000
9:30:10 AM Trade 0.0002 194900
9:30:08 AM Trade 0.0002 305000

most recent next page
6:07:34 PM EDT - Monday, September 18, 2006 - data is delayed 15 minutes

ANOTHER PAINTED *BS* CLOSE AT .0002

Today’s Price Performance as of 9/18/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0002
Last Price 0.0001 +100.00%
Today’s Change $0.0002
Today’s Open 108,767,980 Above Avg.
Today’s Volume




 

---

Posted by Uncle Smelly on :
 
All of my other stocks in my portfolio just point and laugh at this one everyday. Sometimes they even throw rocks and kick it...really cruel! Maybe someday DDSI will turnaround and punch 'em in the face... but I doubt it.
 

---

Posted by gatorhistory on :
 
there were FOUR trades at 9, all followed seconds later by another trade of a million.

look at the charts, they don't lie. if you think everyone was selling off, why did it rise instead of going in to the toilet? it rose.
 

---

Posted by Max Shrap on :
 
I think a divi is the only thing that will get this out of the ditch.
 

---

Posted by JIF on :
 
Well guys, I do have some good news:

It was about September/October of last year when this stock popped to .003.

So, keep your fingers crossed. Maybe we'll see it again soon.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by JIF:
Well guys, I do have some good news:

It was about September/October of last year when this stock popped to .003.

So, keep your fingers crossed. Maybe we'll see it again soon.

---

FLOAT WAS A-L-O-T SMALLER THEN FOR ONE THING...

ALSO, BACK THEN THERE WAS INTEREST IN THE STOCK WHICH MEANS IT GOT VOLUME.


 

---

Posted by gatorhistory on :
 
well, first off, can you cut it out with the all caps puh-lease?

second, there have been many many sub-pennies run quite high with larger floats, and NO revenue and NO chance of being profitable by the end of the year. DDSI has all of these things, and still under a 10 bln share count.

third, volume will come to this when it's released from it's buy at 2 sell at 1 stranglehold it has been under for some time now.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by gatorhistory:
well, first off, can you cut it out with the all caps puh-lease?

second, there have been many many sub-pennies run quite high with larger floats, and NO revenue and NO chance of being profitable by the end of the year. DDSI has all of these things, and still under a 10 bln share count.

third, volume will come to this when it's released from it's buy at 2 sell at 1 stranglehold it has been under for some time now.

---

YOU DON'T HAVE TO PREACH TO ME ABOUT THIS STOCK.

I HAVE DONE MY DD & I OWN SHARES.

WE HAVE NO VOLUME ON A DAILY BASIS AND

WHEN WE DO IT IS 90 % SALES !

LET'S NOT FORGET EITHER THAT WE OPEN AND CLOSE ON FAKELY PAINTED .0002 PPS !!!

FACT IS, IT MAY HAVE ALOT GOING ON BUT THEY ARE NOT AT LIBERTY TO TELL US BECAUSE...

IF THEY TELL US... THEY WOULD HAVE TO KILL US !

WE ARE TALKING U.S. NATIONAL SECURITY STUFF HERE !

LMAO


 

---

Posted by gatorhistory on :
 
not preaching, just responding to your ridiculous comments.

and meethinks you should learn how to read a chart, and how to tell what are buys and sells. when you figure that out let me know -- then we can talk and have a rational discussion. until then, you are ignored.
 

---

Posted by atleast on :
 

quote:

---

Originally posted by Schwabie:

quote:

---

Originally posted by JIF:
Well guys, I do have some good news:

It was about September/October of last year when this stock popped to .003.

So, keep your fingers crossed. Maybe we'll see it again soon.

---

FLOAT WAS A-L-O-T SMALLER THEN FOR ONE THING...

ALSO, BACK THEN THERE WAS INTEREST IN THE STOCK WHICH MEANS IT GOT VOLUME.

---

quote:

---

Originally posted by quickpicker:
Relax guys. There are alot of us here waiting for this thing to move. Frustrating as it is, you guys should be trying to help each other not ignore each other. JMHO

---

I DO NOT IGNORE PEOPLE.

I POST EM HOW I SEE EM !

AS IT STANDS:

BUY IN = .0002

SELL OUT = .0001

50 % LOSS ! THINK CAREFULLY BEFORE GETTING IN !


 

---

Posted by megahead34 on :
 
They keep posting PRs with same financials. How bout they release PRs with good news about contracts and stuff.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by megahead34:
They keep posting PRs with same financials. How bout they release PRs with good news about contracts and stuff.

---

I THINK THEY RE-POST THEM EVERYTIME THEY HAVE TO EDIT/ FIX SOMETHING THAT WAS FILED INCORRECTLY.

AS FAR AS CONTRACTS, THEY CANNOT AND WILL NOT PR THEM PER THE INTERVIEW WITH THE INVESTORS.

NON DISCLOSURE CLAUSE.

THEY ONLY CARE ABOUT REVENUES !

THEY COULD CARE LESS ABOUT THE INVESTORS !


 

---

Posted by bksundar on :
 
Imagine the day it reaches 0.0002 * 0.0003.
I think there will be tremendous amount of selling, not that people are already getting frustrated.
That is, if it reaches in the near future....
 

---

Posted by gatorhistory on :
 
ppl that have been holding this stock have been doing so for a long time. you can make book most of them are not going to turn around and sell at 2x3
 

---

Posted by bksundar on :
 
Just happened to EKWX yesterday...
 

---

Posted by gatorhistory on :
 
EKWX hasn't had any news since 11/05 - that is a far cry from strong quarter and year over year growth IMO.

I don't think pinks normally accumulate several thousand shareholders, who have been holding for some time that are going to sell as soon as it rises to 2x3 or even 3x4.
 

---

Posted by FARIMI on :
 
Guys. Did you notice ddsi is a PK now?
 

---

Posted by gatorhistory on :
 
a PK, as in relates to being on the pinksheets as opposed to OTCBB? It's been that way for quite some time...not sure why they don't go back to the OTCBB since they comply fully with the SEC filing requirements.
 

---

Posted by bksundar on :
 
Disappointing to not see it on the top.
So I am posting/pumping to say that it has held 0.0002, eventhough nobody can sell at 0.0002 or higher !!!
 

---

Posted by realtor548 on :
 
no trade since 9:30am
 

---

Posted by JIF on :
 
Hey guys. I too have become disappointed. However, I understand they are finishing another good quarter at the end of this month. That's something to be proud of for them.

As always, I'm also looking forward to the new web site.

In my opinion, this is not a "turn around" company. In fact, it's a good company starting small and growing fast.

Unfortunately, 40%+ revenue growth every period isn't enough for some people. So, the stock sits.

It will have it's day. As always, I'm holding tight.
 

---

Posted by richie on :
 
sorry guys this one is a dogggggggg
 

---

Posted by Schwabie on :
 
GREAT VOLUME TODAY !

ANOTHER PAINT JOB AT CLOSE AT .0002 !

LMAO



DIGITAL DESCRIPTOR S (Other OTC:DDSI.PK) Delayed quote data

Last Trade: 0.0002
Trade Time: 12:49PM ET
Change: 0.0000 (0.00%)
Prev Close: 0.0002
Open: 0.0002
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 0.0002 - 0.0002
52wk Range: N/A
Volume: 800,000
 

---

Posted by jon clogger on :
 
Wow, someone put the change they found in their couch cushions into this today. Look out...
 

---

Posted by DQ. on :
 
I've bought and sold this several times. Once bought at .0004 and sold at .0012. It will move again. Chill.
 

---

Posted by gatorhistory on :
 
exactly - well said DQ
 

---

Posted by Schwabie on :
 
O/S WAS ALOT AND I DO MEAN ALOT SMALLER THEN...
 

---

Posted by bksundar on :
 
That is the REAL reason why this is not moving as fast as it used to a year back, but now struggles to stay float at the 0.0002 level....
 

---

Posted by DQ. on :
 

quote:

---

Originally posted by Schwabie:
O/S WAS ALOT AND I DO MEAN ALOT SMALLER THEN...

---

quote:

---

Originally posted by DQ.:

quote:

---

Originally posted by Schwabie:
O/S WAS ALOT AND I DO MEAN ALOT SMALLER THEN...

---

OS is bigger but it's all relative. Buy now at .0001 or .0002 and sell at .0006 or .0008...same thing.

---

AS IT STANDS RIGHT NOW....


BUY AT .0002 AND SELL AT .0001

THIS IS WHAT WE LIKE TO CALL...

A RELATIVE 50 % LOSS !

LMAO


 

---

Posted by bksundar on :
 
Great... It is back to 0.0001 today.
I wish I knew where it is going to go tommorrow
0.0001 or 0.0002 ???
 

---

Posted by atleast on :
 

quote:

---

Originally posted by gatorhistory:
exactly - well said DQ

---

gator - look how smart executives do PRs (Shupin & co are too much secure or they have nothing to say at all ):

//// PR from STTK - Sep 21/2006 ////

CRANFORD, N.J., Sept. 21, 2006 (PRIMEZONE) -- SoftNet Technology Corp. (OTC BB:STTC.OB - News) (German WKN#A0B7RZ) is pleased to announce that they have entered into the lucrative government business arena providing an array of services through current nationwide suppliers.

Through SoftNet's business agreement with current suppliers, such as Network Appliance, STTC has already provided and will continue to provide technical assistance and project management expertise on Federal Government contracts and installations requiring Top-level Clearance. These new offerings by SoftNet only further strengthen its relationship with current suppliers. This multifaceted approach in the core IT business continues to provide SoftNet a competitive advantage in this arena of business offerings.

Additionally, SoftNet has entered into partnership arrangements with select 8A companies who possess access to certain GSA schedules that are consistent with the Company's expertise and IT practices. The Company expects to be able to assist these 8A organizations in executing their commitments with the U.S. Government. Additionally, through SoftNet's SMB division, based in Atlanta, GA. the company is currently being considered as a vendor in a number of local government projects in Georgia.
******************
eom
 

---

Posted by gatorhistory on :
 
security contracts and their secrecy clauses are a matter of policy, both on the government's AND the companies. If you announce what kind of security measures you use, how much easier does that make it to try and circumvent those measures? People may not like the fact that Shupin and Co. make no comments about government business, but that is their chosen path, everyone that has done DD on this company knows that, so stop complaining.

Providing technical assistance in project management is NOT the same thing as providing the products that provide a certain type of security. You don't want 'bad guys' or whatever you want to call them knowing what kind of measures you use, if they know them going in, it just makes it easier to research and find ways around the methods you are using. It's common sense. If you don't like their policy, don't invest in the company. It's that simple. The growing revenues are what speaks to the contracts and the kind of business they have, and the fact that they ARE continuing to grow the company.

'nuff said. - - take a look at the accumulation on the stock of this company. The fact it's a pink with almost 3000 shareHOLDERS tells you something else. There are a lot of people with steadfast faith that this company is worth INVESTING in. Notice I said invest, not daytrade.

GLTA
 

---

Posted by DQ. on :
 

quote:

---

Originally posted by Schwabie:

quote:

---

Originally posted by DQ.:

quote:

---

Originally posted by Schwabie:
O/S WAS ALOT AND I DO MEAN ALOT SMALLER THEN...

---

OS is bigger but it's all relative. Buy now at .0001 or .0002 and sell at .0006 or .0008...same thing.

---

AS IT STANDS RIGHT NOW....


BUY AT .0002 AND SELL AT .0001

THIS IS WHAT WE LIKE TO CALL...

A RELATIVE 50 % LOSS !

LMAO

---

Laugh all you want. If you're going to buy at .0002 and sell at .0001 more power to ya!
I'm going to hold til .0006 or .0008.
THIS IS WHAT WE LIKE TO CALL A RELATIVE +500% GAIN.
 

---

Posted by brackep on :
 
There is an event upcoming for DDSI:

http://www.ddsi-cpc.com/conferences_events.htm

IACP
Boston Convention & Exhibition Center Boston, MA
October 14-18

Maybe we will hear something about that ? and hopefully afterwarts some contract news ????

guess not ... pfffff I'm getting pissed!
 

---

Posted by Soylent Green on :
 
Volume....WTF?
 

---

Posted by Schwabie on :
 
NICE VOLUME...

LOOKS LIKE THEY ARE ALLOWING TO BUY AT .0001 NOW...

OR MAYBE YET ANOTHER BIG BAGHOLDER GAVE UP ON IT AND IS SELLING AT .0001 ?



Today’s Price Performance as of 11:31am EDT, 9/22/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0001
Last Price 0.00 0.00%
Today’s Change $0.0001
Today’s Open 276,003,205 Above Avg.
Today’s Volume
 

---

Posted by atleast on :
 
no MMs on bid?
 

---

Posted by gatorhistory on :
 
anybody able to buy * 1?

at least it doesn't look like cd's.
 

---

Posted by jon clogger on :
 
Me thinks es no bueno. But I still have mucho paciencia for this stock.
 

---

Posted by Schwabie on :
 
NOT LOOKING GOOD...



DIGITAL DESCRIPTOR S - Nasdaq Other OTC: DDSI

Time & Sales most recent next page
Rec. Time Action Price Volume
11:32:36 AM Trade 0.0001 5180000
11:30:58 AM Trade 0.0001 440000
11:30:30 AM Trade 0.0001 840000
11:30:20 AM Trade 0.0001 2500000
11:30:20 AM Trade 0.0001 5000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 5000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 25000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 25000
11:30:20 AM Trade 0.0001 510000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 4000000
11:30:20 AM Trade 0.0001 1000000
11:30:20 AM Trade 0.0001 500000
11:30:16 AM Trade 0.0001 7215000
11:30:14 AM Trade 0.0001 5000
11:29:38 AM Trade 0.0001 2500000
11:29:28 AM Trade 0.0001 100000
11:29:20 AM Trade 0.0001 5000
11:29:16 AM Trade 0.0001 100000
11:29:04 AM Trade 0.0001 2500000
11:29:02 AM Trade 0.0001 10000
11:25:52 AM Trade 0.0001 9000000
11:25:52 AM Trade 0.0001 7000000
11:25:48 AM Trade 0.0001 9000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 8500000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 5000000
11:24:44 AM Trade 0.0001 4200000
11:24:44 AM Trade 0.0001 400000
11:24:44 AM Trade 0.0001 2990000
11:24:44 AM Trade 0.0001 2250000
11:24:44 AM Trade 0.0001 1800000
11:24:44 AM Trade 0.0001 25000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 247000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 2000000
11:24:44 AM Trade 0.0001 9000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 4000000
11:24:44 AM Trade 0.0001 300000
11:24:44 AM Trade 0.0001 10000000
11:24:44 AM Trade 0.0001 3000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 1000000
11:24:44 AM Trade 0.0001 10000000
11:24:42 AM Trade 0.0001 10000000
11:24:40 AM Trade 0.0001 7610000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:10 AM Trade 0.0001 9000000
11:23:06 AM Trade 0.0001 9000000
10:44:40 AM Trade 0.0001 7120000
9:30:30 AM Trade 0.0001 1040000
9:30:12 AM Trade 0.0001 250000


most recent next page
11:53:20 AM EDT - Friday, September 22, 2006 - data is delayed 15 minutes

Today’s Price Performance as of 11:39am EDT, 9/22/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0001
Last Price 0.00 0.00%
Today’s Change $0.0001
Today’s Open 281,581,405 Above Avg.
Today’s Volume
 

---

Posted by bksundar on :
 
I finally put 14m shares for sale at 0.0001. I can take the $1400 loss after raking in money from the UPDA/GLIF super success (gains in excess of $15K each)

It has still not gone thru !!!!

Good luck losers....
 

---

Posted by atleast on :
 

quote:

---

Originally posted by bksundar:
I finally put 14m shares for sale at 0.0001. I can take the $1400 loss after raking in money from the UPDA/GLIF super success (gains in excess of $15K each)

It has still not gone thru !!!!

Good luck losers....

---

not sure that you'll be able to sell - no bids at all
I did test-sell few days ago - 3m at .0001 went immediately. Now it is total screw-up - more CDs or something is pending...
 

---

Posted by jon clogger on :
 
Ah yes, that notorious and familiar bag-holding feeling is once again creeping through my bones. Perhaps this is what drug addicts feel when coming down... now I need a new fix, any suggestions?
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by jon clogger:
Ah yes, that notorious and familiar bag-holding feeling is once again creeping through my bones. Perhaps this is what drug addicts feel when coming down... now I need a new fix, any suggestions?

---

GO TO JMCP THREAD...

THATS ANOTHER POS

I SPREAD MY BASHING LOVE THROUGHOUT ALLSTOCKS !

LMAO


 

---

Posted by IMAKEMONEY on :
 
LMAO.
 

---

Posted by bksundar on :
 
Here is a partial list of POS :

DDSI, JMCP, GWDB, WTVN, PCLO (worst offender in reverse splits !!!), ADOT, CCGI

Go nowehere for months together , except dilution !!!!
 

---

Posted by bksundar on :
 
gatorhistory, Can you please buy my shares at 0.0001 ? You are one of the guys who likes this stock so much...

I want to get rid of it. I have put a limit order for 14m shares at 0.0001 bid...
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by bksundar:
Here is a partial list of POS :

DDSI, JMCP, GWDB, WTVN, PCLO (worst offender in reverse splits !!!), ADOT, CCGI

Go nowehere for months together , except dilution !!!!

---

GRAND MASTER IN REVERSE SPLITS AWARD GOES TO:

VMDG ( AKA VWKM )

10,000: RS

LMAO


 

---

Posted by Peterx on :
 
NO BID??????????????????????????

bksundar...shut up and go out!! gilipoyassss!!!
 

---

Posted by bksundar on :
 
I will permanently shut up when I can sell my shares at 0.0001. After you won't hear word from on this board for like ever!

Unless it reverse splits like 1:5000 and still stays at 0.001 or so in the new symbol. Then a tremendous buying opportunity like PAIV/PAVC and AWBV/AWYB due to the short squeeze phenomenon !!
 

---

Posted by Schwabie on :
 
YEAH,

BKSUNDAR...

GOD FORBID YOU ACTUALLY TELL THE TRUTH LIKE

I HAVE BEEN TRYING TO TELL PEOPLE HERE FOR SOME TIME NOW.

THE FACT THAT I AM AN ALL OUT BASHER...

HAS NOTHING TO DO WITH IT.

I AM AN EQUAL OPPORTUNITY BASHER !

I AM NOT RACIST TOWARD STOCKS !

LMAO


 

---

Posted by bksundar on :
 
WHY does it show last trade at
9/22/2006 10:39:29 AM EDT

Looks like I cannot sell ...


From my izone account :
--------------------------------------------
Bid 0.0001 B/A Size 5000X10000
Ask 0.0002 Last Size 200000
Last 0.0001 Last Trade 9/22/2006 10:39:29 AM EDT
Open 0.0001 Asset Type Stock
Close 0.0001 P/E 0.01
Change 0.00 52-wk High 1.35
Change % 0.00% 52-wk Low 0.0001
High 0.0001 Exchange OTC
Low 0.0001 Dividend Amount 0.00
Volume 281,581,405 Dividend Yield 0.00
------------------------------------------------
 

---

Posted by Schwabie on :
 
VOLUME HAS BEEN STUCK THERE A WHILE...

281,581,405 Above Avg.
Today’s Volume

MAYBE NO MORE BUYERS...

FOOD FOR THOUGHT


 

---

Posted by gatorhistory on :
 
well, I have a buy in * 1. nothing yet and I am using a broker through e*trade.

Ask is still * 2

and I show the last trade at 11.39, not 10.39

I am most curious about all the small trades peppered throughout that massive volume this morning. Dunno what is going on yet.
 

---

Posted by bksundar on :
 
I trade thru izone - Ameritrade's subset.

I guess I have put an All Or Nothing Sale at 0.0001 for 14m. May take time or may not sell at all today...
 

---

Posted by gatorhistory on :
 
Time & Sales
Price Size Exch Time
0.0001 1000000 OTO 13:23:46
0.0001 150000 OTO 13:23:46
0.00 2000000 OTO 13:23:46
0.0002 999999 OTO 13:22:59

WTF is going on here?
 

---

Posted by iluvthepennies on :
 
good question WTF is going on here?
 

---

Posted by bksundar on :
 
All I know that my sell of 14m shares are not going thru !!! Even at 0.0001
 

---

Posted by gatorhistory on :
 
gotta be a reason they aren't accepting buy or sell orders then...maybe a move to the other exchange (otcbb) is in the works?
 

---

Posted by atleast on :
 

quote:

---

Originally posted by gatorhistory:
gotta be a reason they aren't accepting buy or sell orders then...maybe a move to the other exchange (otcbb) is in the works?

---

quote:

---

Originally posted by jon clogger:
Yes something is going on here...

When I was 12 I lost my last $20 in a Sacramento bus station to a 3 card monte crook. As he snatched up my money and walked away I figured something was going on...

---

quote:

---

Originally posted by jon clogger:
Yes something is going on here...

When I was 12 I lost my last $20 in a Sacramento bus station to a 3 card monte crook. As he snatched up my money and walked away I figured something was going on...

---

joke of the day
 

---

Posted by gatorhistory on :
 
*rolls eyes*

well, it's not dilution...so either MM's are swapping all these shares, or they're buying them up. for what purpose remains tbd.
 

---

Posted by bksundar on :
 
Nobody seems to BUY UP my 14m shares *0.0001. The are still up for sale. Order still pending...
 

---

Posted by gatorhistory on :
 
that's part of the mystery...they don't seem to be actually accepting or executing orders today...more like they are swapping amongst themselves.
 

---

Posted by brackep on :
 
I don't like yesterday's action
 

---

Posted by bksundar on :
 
This board has become filled with people who pump useless stocks. Surely it will end in heartache for most....
 

---

Posted by gatorhistory on :
 
if you don't like this board or the stock it's about, you can do us all a favor and not post here anymore.

LOL - simple as that, otherwise -- stop complaining.

the fact of the matter is, nobody knows what to attribute all that volume to yesterday, other than to say it sure didn't look like cd's being converted. MM's weren't accepting buys and sells from the average trader, so what does that leave?
 

---

Posted by bksundar on :
 
I will be out as soon as some sucker can accept my 14m for 0.0001. Is that too much to ask ?

I just get frustrated that useless stocks like these get so much coverage and stay at 0.0001 or 0, that geninuine winners get drowned.

At one point in time, people used to just talk of winners and no losers. Winners occupied the front seat. Now it is the other way around. Only losers on the top..
 

---

Posted by gatorhistory on :
 
this is an INVESTMENT stock, not a daytrading stock as so many other pinks are, IMO of course.

A little DD would have brought that to light before making the investment. This will rise when MM's release their grip, AND Etrade allows it to trade freely again without restriction. WHen that may be, is anyone's guess. Friday's volume was very abnormal, considering no conversions *appeared* to be taking place. Trader orders, from the people I have talked to, were taken, but not executed...which leads me to believe MM's were moving shares around amongst themselves...to what end remains to be seen.

GLTA.
 

---

Posted by bksundar on :
 
Oh please, this is still a pinki, NOT AN INVESTMENT STOCK. Not even a OTCBB stock.

UNH/TIE/PTR/NUE etc are true investment stocks of the last 4/5 years.

My investments in GLIF/UPDA/SEVI/XKEM etc have got spectacular results, eventhough I do not consider any of those investment stocks.

Trust OTCBB stocks to be better "investment" stocks than these pinkies...
 

---

Posted by gatorhistory on :
 
DDSI was, and I believe, *IMO* will return to the OTCBB shortly.

Any small company is a gamble, for me this is an investment I've made where I potentially see a lot of money to be made.

If you disagree...why are you posting here or even looking at this stock? O, wait, you're paid to post here. Now I remember.
 

---

Posted by atleast on :
 

quote:

---

Originally posted by gatorhistory:
DDSI was, and I believe, *IMO* will return to the OTCBB shortly.

Any small company is a gamble, for me this is an investment I've made where I potentially see a lot of money to be made.

If you disagree...why are you posting here or even looking at this stock? O, wait, you're paid to post here. Now I remember.

---

Gator - stop playing with words... Do you have anything convincing to say? (means - any explanation from DDSI execs about last day unusual volume, current share structure, etc.?)
I don't care who is paid or amateur basher or either pumper . If you have real info to share - I'll glad to see it, otherwise your post is totally useless as same as bksundar's.
 

---

Posted by gatorhistory on :
 
everyone is entitled to their opinion jr.

as far as the execs go -- why would they have any comment on a day of volume? when they have news to share, they will share it. until then, it's ALL speculation.

and BTW, I'm NOT paid to be here, and I only use one screen name, which is more than I can say for some of you. I do this in my spare time...and if I have comments to make, I'll make them. GLTA
 

---

Posted by atleast on :
 

quote:

---

Originally posted by gatorhistory:
everyone is entitled to their opinion jr.

as far as the execs go -- why would they have any comment on a day of volume? when they have news to share, they will share it. until then, it's ALL speculation.

and BTW, I'm NOT paid to be here, and I only use one screen name, which is more than I can say for some of you. I do this in my spare time...and if I have comments to make, I'll make them. GLTA

---

quote:

---

Originally posted by Prdponce:
http://otcbb.com/asp/dailylist_detail.asp?d=09/22/2006&mkt_ctg=OTCBB

13:41 09/25/2006 DSSI Data Systems & Software Inc. Common Stock ACFN Acorn Factor, Inc. Common Stock **

---

quote:

---

Originally posted by atleast:

quote:

---

Originally posted by Prdponce:
http://otcbb.com/asp/dailylist_detail.asp?d=09/22/2006&mkt_ctg=OTCBB

13:41 09/25/2006 DSSI Data Systems & Software Inc. Common Stock ACFN Acorn Factor, Inc. Common Stock **

---

at least no F/S in comment field

---

quote:

---

Originally posted by brackep:

quote:

---

Originally posted by atleast:

quote:

---

Originally posted by Prdponce:
http://otcbb.com/asp/dailylist_detail.asp?d=09/22/2006&mkt_ctg=OTCBB

13:41 09/25/2006 DSSI Data Systems & Software Inc. Common Stock ACFN Acorn Factor, Inc. Common Stock **

---

at least no F/S in comment field

---

that's for DSSI not DDSI

---

quote:

---

Originally posted by gatorhistory:
good volume, # of trades so far this morning. several 100 share trades, which are always nice to see.

---

quote:

---

Originally posted by bksundar:
I have put 14m again for sale at 0.0001
(with " All or Nothing"/AON option ) thru Ameritrade.

The volume is 78m but my sale has still not gone thru...

Meanwhile my OTCBB winner GLIF is breaking new highs each day . From 0.028 to approx 0.11 in slightly over a week. Now that is a real winner !!!!

---

bksundar,

congrats for GLIF ...
I wish we all could be happy with DDSI one day
 

---

Posted by Schwabie on :
 
KEEPS POSTING GLIF ON EVERY BOARD.

LMAO


 

---

Posted by bksundar on :
 
Hi Schwabie, Just can't hide my excitement !!! Made a tonne of money. In at 0.03 and sold some at 0.06 levels and still have some.. Sorry about that....
 

---

Posted by gatorhistory on :
 
I show 83mln+ in volume. no large 9 mln blocks going through...and the several 100 share trades which normally means the mm's are in need of shares.

don't have an explanation for all this volume and the inability to sell or buy as an average trader though.
 

---

Posted by brackep on :
 
Wonder how many shares the MM's still need.
They are way too greedy.

Let's go up for once????
 

---

Posted by gatorhistory on :
 

quote:

---

They are way too greedy.

Let's go up for once????

---

I second that thought!
 

---

Posted by Schwabie on :
 
LET'S NOT AND SAY WE DID.

PUT UP A TEST OF 1 MILLION AT .0001

STILL NO TAKERS.

NOT LOOKING GOOD.


 

---

Posted by gatorhistory on :
 
well, at least we're seeing some 2's today.
 

---

Posted by Schwabie on :
 

quote:

---

Originally posted by gatorhistory:
well, at least we're seeing some 2's today.

---

I FIND THAT HILARIOUS !!!

WITH SO MANY ORDERS AT .0001 NOT GOING THROUGH !!!

LMAO



Today’s Price Performance as of 1:01pm EDT, 9/25/2006 Option Chains Margin Requirements Interactive Chart


Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr
$0.0001
Last Price 0.00 0.00%
Today’s Change $0.0001
Today’s Open 101,974,700 Above Avg.
Today’s Volume


DIGITAL DESCRIPTOR S - Nasdaq Other OTC: DDSI

Time & Sales most recent next page
Rec. Time Action Price Volume
1:01:14 PM Trade 0.0001 9000000
1:01:10 PM Trade 0.0001 6000000
1:01:02 PM Trade 0.0002 990000
1:00:56 PM Trade 0.0002 900000
12:54:06 PM Trade 0.0002 990000
12:54:04 PM Trade 0.0002 900000
11:28:04 AM Trade 0.0001 5000000
11:05:50 AM Trade 0.0001 4580000
11:05:48 AM Trade 0.0001 5000000
9:59:00 AM Trade 0.0001 25000
9:51:16 AM Trade 0.0001 1200000
9:51:16 AM Trade 0.0001 9000000
9:51:16 AM Trade 0.0001 2000000
9:51:14 AM Trade 0.0001 9000000
9:50:08 AM Trade 0.0001 870000
9:50:08 AM Trade 0.0001 100
9:50:08 AM Trade 0.0001 10000000
9:50:08 AM Trade 0.0001 100
9:50:08 AM Trade 0.0001 10000000
9:50:08 AM Trade 0.0001 10000000
9:50:08 AM Trade 0.0001 4000000
9:50:04 AM Trade 0.0001 100000
9:49:20 AM Trade 0.0001 2540000
9:48:22 AM Trade 0.0001 1000000
9:48:22 AM Trade 0.0001 1800000
9:48:18 AM Trade 0.0001 1050000
9:44:56 AM Trade 0.0002 1204500
9:30:24 AM Trade 0.0002 990000
9:30:18 AM Trade 0.0001 10000
9:30:12 AM Trade 0.0001 3800000

most recent next page
1:38:38 PM EDT - Monday, September 25, 2006 - data is delayed 15 minutes
 

---

Posted by FARIMI on :
 
TF!! time to change the chiefs!
 

---

Posted by rv on :
 
anyone able to buy at .0001 ?
 

---

Posted by gatorhistory on :
 
you can place a bazillion orders * 1 or 2 -- until the MM's start ACCEPTING and EXECUTING average trader orders on this stock it's not going to make a difference either way.
 

---

Posted by JIF on :
 
Sep 25, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought James Monroe Corporation (OTCPK:JMCP) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

James Monroe Corporation (Pink Sheets: JMCP - News) today announced that the company will buy 2 billion shares Prior to September 29, 2006. CEO Chris McGovern said, "This purchase will reduce the company issued and outstanding shares by 2 billion shares."

McGovern also said, "We have received overwhelming requests from shareholders to purchase and retire stock. We are excited about our work in bringing assets into the company and our first Ethanol plant is under construction. We have completed more than half of the construction of the plant and expect the plant to be operational this fall. Our main focus will continue to be sales and earnings as we build a bigger and better James Monroe Capital."
 

---

Posted by Schwabie on :
 
WRONG THREAD !!!
 

---

Posted by FARIMI on :
 
sou.... what has to do with DDSI?
 

---

Posted by FARIMI on :
 
oh! I see.. this is to show how tony and mike shoul be in a big shame... isn't it?
 

---

Posted by JIF on :
 
Sorry guys. That was a mistake.
 

---

Posted by JIF on :
 
Well, another day with no activity. The only bright side is that we are completing another quarter this week. And they will be being putting together another 10q.
 

---

Posted by gatorhistory on :
 
maybe they're out of shares to trade with themselves
 

---

Posted by brackep on :
 
can't we gather some money and pay a few MM's to let DDSI run ??? LOL
 

---

Posted by JIF on :
 
Is it possible to buy at .0001? Has anybody tried recently?

Likewise, has anybody been able to sell at .0002?
 

---

Posted by gatorhistory on :
 
I doubt it....I have multiple orders in...a test to buy * 2 as well and nothing with all the volume.

can we keep the uting going today tho? would be nice to see trading * 2 sustained.
 

---

Posted by atleast on :
 
Form 10 is out

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A

|X| ANNUAL REPORT PURSUANT SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934. For the fiscal year ended December 31, 2005.

|_| TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934. For the transition period from ____________ to

Commission file number 0-26604

Digital Descriptor Systems, Inc.

(Name of small business issuer in its charter)

Delaware 23-2770048
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

2150 Highway 35, Suite 250, Sea Girt, New Jersey 08750
(Address of principal executive offices) (Zip Code)


Registrant's Telephone number, including area code: (732) 359-0260

Securities registered under 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Act: Common Stock

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes |X| No |_|

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
Regulation S-B is not contained herein, and will not be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form10-KSB.

The issuer had revenues of $3,335,631 for the fiscal year ended December 31,
2005.

As of April 3, 2006 5,454,943,898 shares of the issuer's Common Stock were
outstanding. The aggregate market value of the voting stock held by
non-affiliates on April 3, 2006 was approximately $1,909,989 based on the
average of the bid and asked prices of the issuer's common stock in the
over-the-counter market on such date as reported by the OTC Bulletin Board.

DOCUMENTS INCORPORATED BY REFERENCE

None

Transitional Small Business Disclosure Format Yes |_| No |X|

PART I

10KSB December 31, 2005 Restatement

The company is filing this amendment to restate the year ended December 31, 2005
financial statements. These changes have been made to the financial statements.
The company is increasing its net loss by $1,639,849. The company originally did
not amortize the debt discount correctly which has now been corrected. This
adjustment was for $1,285,828. Additionally the company corrected a misposting
in its books of $354,021 from change in accrued interest to interest expense.
These errors were found through the company's internal controls and procedures.

General Business Development

Digital Descriptor Systems, Inc. ("DDSI", the "Company", "us", "we", or "our"),
a Delaware corporation incorporated in 1994, is the successor to Compu-Color,
Inc., an Iowa corporation. The operations of DDSI were started as a division of
ASI Computer Systems, Inc. of Waterloo, Iowa in 1986. Compu-Color, Inc. was
formed in July 1989 and as of July 1, 1989 purchased the assets of the
Compu-Color division of ASI Computer Systems, Inc.


<PAGE>

ITEM 1. Description of Business

Our Business

During 2005 the Company acquired CGM Security Solutions, Inc. as a wholly owned
subsidiary and changed it name to CGM Applied Security Technologies, Inc. In
conjunction with the acquisition the Company has changed its primary focus from
the law enforcement market to the security market in general as it believes that
the potential for revenue is much greater.

Description of Business of CGM

CGM is a manufacturer and distributor of 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.

Products

CGM has Trade Secret protection on its Secure Trac tape, super seals water gum
tape, and patent protection on the Button Memory Seal and Sentry Sensor. It also
has exclusive rights on all NAVATECH products and seals, and owns the rights to
the patented Topp Clip pallet security device. In addition, CGM provides
authentication technology and products to clients to act as brand protection
elements to finished goods. This brand protection technology can help
manufacturers reduce the incidences of "knock-offs" that are common in the
garment and accessory businesses. CGM's core products are: CGM Tapes, Self-Wound
Security Tape, Void Labels and Void Tape for Bag Closure, SUPERSEALS(R), Custom
Coated Products, CGM Conductive Inks and Membrane Switch Components, EMAPS(R),
Locks, Sentry Sensor(R) and other representative items.

SUPERSEAL(R) and self-voiding carton sealing tape known as SECURE T.R.A.C.(R)
show a customized signature if attempts are made at removing them. If cut and
resealed, SUPERSEAL(R) further shows an "opened" legend on the seal's center
surface. With self-wound void tape, any attempt at resealing is negated by the
surface coating on the tape. An "opened" legend is also left on the tape if
removed. Since the products are manufactured in-house, CGM controls all features
and has the ability to customize the products to the customer's needs. CGM also
offers converted labels, seals, and money bags. CGM manufactures a variety of
adhesives, graphics and die cut label configurations for companies whose logos
always appear on the tape or label for security purposes. No generic product can
be substituted for this product since no one makes an identical product.

Uses for this product and technology include such items as:

o Aircraft and truck seals

o Fiber and Steel drum seals

o Motor Vehicle inspection seals

o Box or container closure seals

o Cash bag components

o Computer seals

o Validation devices

o General security products

Once CGM's products are applied to a particular surface, any attempt at removal
will leave a sign in the form of an indelible word or legend on the tape and a
removable or permanent legend on the enclosure. The EMAPS(R) or Electro-Magnetic
Asset Protection System reflects entry by sending an electronic signals if cut.
EMAPS(R) products function without the need to identify a cut visually. Both
products, the labels and the scanners, are unique and only manufactured by CGM.

Production Process

The CGM manufacturing process can best be described as one of "converting". CGM
takes highly processed materials, which are manufactured elsewhere, and converts
them into finished products.


<PAGE>

CGM purchases processed materials from 6 to 8 key suppliers, including DuPont,
Adhesive Research, Sun Microsystems and Video Jet. For OEM products, CGM
purchases from approximately 15 different companies. CGM has an exclusive
distribution relationship in connection with some of these products, while for
other products CGM is one of few or many resellers.

Markets & Customers

The primary factors behind the need for CGM's products are: (i) the escalation
of cargo theft and tampering, (ii) the need for enhanced cargo security because
of the fear of terrorism, (iii) damage control of freight and cargo, (iv) the
need for security products, (v) brand protection and authentication requirements
and (vi) governmental and regulatory requirements.

CGM is certified by the Customs-Trade Partnership Against Terrorism ("C-TPAT"),
a joint initiative between government and business designed to protect the
security of cargo entering the United States while improving the flow of trade.
C-TPAT requires importers to take steps to assess, evolve and communicate new
practices that ensure tighter security of cargo and enhanced security throughout
the entire supply chain. In return, their goods and conveyances will receive
expedited processing into the United States

Principal Customers

CGM's current client base includes over 2000 national and international
companies, including producers of high value items such as perfumes, computers,
silicon chips, jewelry, cash and negotiable documents. The market for tamper
evidence includes flavors, fragrances, foodstuffs and components. CGM's products
are used by major airlines, pharmaceutical clients and numerous government
agencies. CGM's products have also been recommended by major insurance companies

Sales

CGM has three direct salespeople, two independent representatives and 5
distributors for domestic sales and over 12 representative distributors for
sales abroad. CGM supplements its sales force with Internet advertising, trade
shows, and PR benefits from Erik Hoffer's chairmanship of education for the
International Cargo Security Council (ICSC) and a variety of legislators and key
accounts targeted by an Executive level PR campaign

Competition

Several other companies manufacture products that are similar to CGM's
self-voiding label stock. Their products are limited in scope and do not
adequately address the issues of tampering by virtue of their inability to
withstand the normal means of breaching adhesive products. However, new
innovations and better sales/marketing by other companies with a
product-solutions market approach could affect our ability to market our
products. Currently, no other company manufactures the self-voiding label stock.

No other company competes vertically or sells the finished product in a
customized tape or seal form like CGM does. As both a manufacturer and
converter, CGM delivers finished goods to users in response to client's
individual needs. CGM can modify its products through all phases of its
development to make it user friendly and compatible with the needs of its
desired application.

No other company in the industry offers the array of products that CGM offers.
There are approximately 12 seal manufacturers that offer seals and compete with
each other over price. CGM sells through a "needs based- threat-specific"
assessment and determines final product design on the basis of functionality.

Industry Trends

It is estimated that losses from cargo theft each year reach 30-50 billions
dollars globally and 12 billion dollars in the US, and that these numbers will
continue to rise. (L.H. Gray, Facing the Growing Problem of Loss and Theft).

Employees

DDSI employs total of 20 full time employees, of whom 15 are employed by CGM.

DDSI develops, assembles, markets and installs computer systems which capture
video, digitally captured images and scanned images, digitize the image, link
the digitized images to text/data and store the image and text on a computer
database which allows for transmitting the image and text by computer or
telecommunication links to remote locations.


<PAGE>

Imaging technology enables computers to record, store and retrieve both textual
information and visual images. The common problem in imaging technology is how
to record, store, process and retrieve information and images within the same
system. DDSI's software programs utilize technology to link the textual
information with the images so that customers can record and retrieve related
text and images. DDSI originally developed the software to address the
information retrieval problems of tax assessors. DDSI subsequently adapted the
software for use by law enforcement agencies and management of jail facilities.
DDSI's software also addresses different information retrieval needs such as
reproducing line ups and producing housing badges (jails), bar coded wristbands
for identification which facilitates movement within jails and courts and
storing and retrieving hand written and computer generated document images
within arrest records. Heightened sensitivity since 9/11 has caused an increase
in awareness for software and hardware programs related to digital
identification. This awareness is causing more resources to be allocated to the
development of technologies in this field. DDSI has a strong focus on
developing, integrating or reselling products to its client base as well as new
markets.

While the majority of DDSI's sales are one time software based sales, DDSI does
offer maintenance and support for their products.

Product and Services

Compu-Capture(R)

DDSI's principal product is the Compu-Capture(R) law enforcement program. This
program combines digitized image and textual information. The system has been
developed primarily for the criminal justice market, including law enforcement,
jail and correctional facilities.

Information is entered into the Compu-Capture(R) system at the time a subject is
booked or enters the facility, including a video image of the subject, a "mug
shot". The Compu-Capture(R) system reduces the time needed to take and process
mug shots and improves the quality of the mug shot. The booking officer can
preview each mug shot image on the computer screen before processing and storing
the image to ensure accuracy and clarity. Once an acceptable image is obtained,
the booking officer can store the image through the computer application, along
with the booking record, physical characteristics and other pertinent text
material.

The information entered into the Compu-Capture(R) system can include names,
aliases, physical characteristics, such as size, hair color, facial scars or
physical deformities, and fingerprint codes.

Once the data is entered into the Compu-Capture(R) system, the visual image and
textual material can be utilized in a variety of ways. The officer conducting a
search can assign priorities or values to physical characteristics for the
computer's search of the database of existing subjects. Features that are
difficult to disguise or alter, such as facial scars, can be assigned higher
values than other characteristics such as hair color or facial hair. Mug shots
can be retrieved on the computer screen or printed individually, with or without
textual information, or as part of a computer-generated line-up. The digitized
mug shot and information can be transmitted to remote locations by telephone
line or radio frequency or through computer networks and can be retrieved
rapidly from central and/or remote locations.

The Compu-Capture(R) system produces images that meet or exceed the suggested
requirements of the Department of Justice National Crime Information Commission
2000 ("NCIC2000"), the standard adopted by Federal Bureau of Investigation for
the quality of mug shots and their transmission. NCIC2002 does not certify or
otherwise approve any mug shot systems.

The Compu-Capture(R) system's technology can also be used in commercial
applications that are unrelated to law enforcement, such as for security or
access control, identification cards with photographs for employee
identification, voter registration cards, and national welfare identification
cards, drivers' licenses, all with or without the use of fingerprints and/or
signatures.

The following versions of the Compu-Capture(R) offered are as follows:

Compu-Capture(R) 32SQL

Compu-Capture(R) 32 is DDSI's stand alone application. This version of the
Compu-Capture(R) product line contains its own database and can function on its
own without integration into law enforcement existing records or a jail
management system. The database allows for the capture of basic demographic
information such as physical characteristics. This information can then be
sorted for quick and easy retrieval of a particular record or various records
with similar characteristics. The CPC32 can be used on a Personal Computer or
networked together.


<PAGE>

Compu-Capture(R) ActiveX32SQL

Compu-Capture(R) ActiveX32 is a fully functioning executable product that
image-enables (the process by which a text-based system has images linked to its
data records by some unique identifier, which eliminates the need to re-key data
and/or maintain multiple databases) any host based records or jail management
system without costly integration. The advantage to this product is it
eliminates multiple databases and duplicate data entry from one system to
another.

Compu-Sketch(R)

The Compu-Sketch(R) product is a composite sketching program that allows an
individual with little to no artistic ability to draw a sketch of a persons face
as described by the witness. The program contains an interactive witness module
that asks the witness basic questions which are then used to create the
composite face. The application consists of over 40,000 features, that when

combined can create millions of different looking suspects. The user simply
selects a description of each face part from a menu and the system will then
assemble the parts to complete the composite. The user can manipulate each part
and/or add accessories, such as hats, jewelry and facial hair.

Compu-Scene

The Compu-Scene program uses a computer aided drafting program to compose
drawings with simple drag-n-drop technology, making accident and crime scene
drawings easy. The user simply draws a room or intersection to scale with the
CAD (Computer Assisted Design) program and then simply drops in the pre-drawn
templates to complete the scene.

Maintenance and Support

In addition to the installation of DDSI's systems, DDSI trains the personnel of
the system purchaser in the use and operation of the system. DDSI provides
maintenance and support for a limited period of time. DDSI also offers its
customers' ongoing maintenance and support plus updates of the software, for an
annual fee.

Marketing

Law Enforcement Applications

DDSI markets and sells its law enforcement product line through an internal
sales force, an independent dealer network and vendors of compatible software
applications.

DDSI employs one (1) full-time employee in sales, marketing or sales management.
Leads are generated and followed up by the salesmen, who sell directly to the
end user. The employees also work with sales employees of other vendors in
making sales calls and proposals.

Additionally, DDSI markets its Law Enforcement products through vendors of
compatible software applications.

Customers

DDSI maintains a continuing relationship with its customers based upon support
services and periodic upgrades of the Compu-Capture(R) line and Compu-Sketch(R)
software. Although the major revenue-generating event is the initial
installation and any significant expansion of that installation, the annual
sales of maintenance support services, which DDSI performs subsequent to the
installation, generates approximately 41% of the installed software license fee.

DDSI does not rely on any particular customers or business partners for the
majority of their sales.

Business Alliances

Our business alliance relationships have changed over the years, however we
continue to generate the majority (approximately 50%) of our revenue though our
relationships with records management and jail management vendors (i.e. HTE,
Inc. located in Lake Mary, FL and FSG Software, Inc. located in Janesville, WI).
Since these vendors have written the necessary integration to use DDSI imaging
solutions, when a customer is looking to include an imaging system in their
program, the vendor will inform DDSI of the customers need. DDSI is responsible
for all marketing and sales efforts of our imaging solution. DDSI believes that
a substantial part of its growth will continue to come through these business
alliances.

DDSI supplies to its business partners a SDK (software developers kit), which
allows them to link our software to their software.


<PAGE>

Greater Penetration of Existing Customers

In addition to seeking new customers, DDSI has recently established a marketing
program to focus on the existing customer, which potentially over 1,000
agencies. DDSI believes with addition of the CGM subsidiary that it can now
capitalize and generate increased revenues from its existing customers by
offering them the products of CGM, many of which can be used in the law
enforcement environment...

Seek Acquisitions and Alliances

DDSI management plans to execute an acquisition strategy. The make-up of the
targeted acquisitions must include products and markets which complement and
expand its present client base. Profitable, niche companies will be integrated
into DDSI's growth through acquisition strategy. DDSI plans to use funding
derived from external investors.

On March 1, 2005, DDSI and its wholly-owned subsidiary, CGM Applied Security
Technologies, Inc. ("CGM Sub"), acquired substantially all of the assets of CGM
Security Solutions, Inc., a Florida corporation ("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
ended 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
(i) $0.0005 or (ii) 60% of the average of the three lowest intraday trading
prices for the Company's common stock during the 20 trading days before, but not
including, the conversion date. In addition, the exercise price of the warrants
held by the Investors was amended to $.001 per share.

Sales by Geographic Area

During each of the fiscal years ended December 31, 2005, and 2004, the
percentage of revenues that DDSI has received from domestic customers has been
approximately 99.9%. Foreign sales for 2005 and 2004 were $4,220 and $4,927,
respectively or an aggregate for these years of approximately $9,147.

Competition

DDSI has multiple solutions being sold to the Criminal Justice market with its
competitive position varying by product.

DDSI's Compu-Capture(R) system (video imaging mug shot solution) currently has
several competitors, including ImageWare Systems of San Diego, California.

The Compu-Sketch(R) is a computerized, non-artistic, professional composite
system. Though there is significant competition in this field, DDSI believes
that the Compu-Sketch(R) provides an easier system to use plus offers a larger
database than its competitors.

DDSI's Compu-Scene product is packaged with other DDSI systems. DDSI carries it
in order to provide to its customers a more complete package of products.

Suppliers

DDSI's hardware is compatible with the IBM AS400 and other mainframe and mini
computer manufacturers. The peripheral equipment used in connection with DDSI's
system, such as video equipment, can be provided with a wide range of
manufacturers. As a result DDSI is not dependent on any particular supplier or
raw material.


<PAGE>

Government Regulation or Government Approval

Most law enforcement agencies purchasing new or upgraded or expanded systems
require that the system meet the requirements of NCIC2000, ANSI-NIST standards
and standards issued by the National Crime Information Commission and by the
FBI. All DDSI products and solutions were required to meet these requirements.

Research and Development

DDSI spent $106,505 and $21,759, respectively for the years ended December 31,
2005 and 2004 on research and development. This amount includes amounts spent on
outside sources for assistance with Research & Development projects. None of
these costs have been borne directly by our customers.

The money spent was mainly on the continuing development of the Compu-Capture
Product...

Product Liability Insurance

Although DDSI believes its products are safe, it may be subject to product
liability claims from persons injured through the use of DDSI's marketed
products or services. DDSI carries no direct product liability insurance,
relying instead on the coverage maintained by its distributors and manufacturing
sources from which it obtains product. There is no assurance that this insurance
will adequately cover any liability claims brought against DDSI. There also can
be no assurance that DDSI will be able to obtain its own liability insurance
(should it seek to do so) on economically feasible terms. DDSI's failure to
maintain its own liability insurance could materially adversely affect its
ability to sell its products in the future. Although no product liability claims
have been brought against DDSI to date, if there were any such claims brought
against DDSI, the cost of defending against such claims and any damages paid by
DDSI in connection with such claims could have a materially adverse impact upon
DDSI, including its financial position, results of operations and cash flows.

Patents, Trademarks and Licenses

DDSI owns the proprietary rights to the software used in the Compu-Capture(R)
programs. In addition, DDSI owns the rights to the trademarks
"Compu-Capture(R)", "Compu-Color(R)" and "Compu-Scan(R)", all trademarks have
been registered with the United States Patent and Trademark Office.

ITEM 2. Description of Property

The Company operates at 2150 Highway 35, Sea Girt, New Jersey on a three-month
lease which ends in August 2006. Future minimum lease commitment in connection
with this lease is $1,500.

CGM Applied Security Technologies operates from two locations. The
administrative offices are located in Somerset, NJ and the production facility
is located in Staten Island, NY.

ITEM 3. Legal Proceedings

On October 16, 2003, in the Court of Common Pleas of Bucks County, Pennsylvania,
a judgment was entered against the Company by its landlord, BT Lincoln L.P. for
breach of lease in the amount of $184,706.76. The Company intends to negotiate a
settlement. The liability, net of the security deposit, is included in accrued
expenses at December 31, 2005.

ITEM 4. Submission of Matters to a Vote of Securities Holders

None.

PART II

ITEM 5. Market for Common Equity and Related Shareholder Matters

DDSI's common stock has been quoted on the OTC Bulletin Board since July 7, 1997
under the symbol "DDSI". As of November 4, 1999 DDSI's shares traded on the pink
sheets. DDSI returned to trading on the OTC Bulletin Board effective February
23, 2001, but as of June30, 2003 began trading on the pink sheets. The following
table set forth, the high and low bid prices for the common stock for the
quarters indicated. As of April 3, 2006 there were approximately 2,800
shareholders of record.


<PAGE>

Common Stock
Bid Price
---------

Calendar Year 2003 Low High
------------------
First Quarter $ 0.0003 $ 0.0032
Second Quarter $ 0.0004 $ 0.005
Third Quarter $ 0.001 $ 0.0026
Fourth Quarter $ 0.0001 $ 0.002

Calendar Year 2004
First Quarter $ 0.0010 $ 0.0055
Second Quarter $ 0.0015 $ 0.0085
Third Quarter $ 0.0004 $ 0.0027
Fourth Quarter $ 0.0004 $ 0.0009

Calendar Year 2005
First Quarter $ 0.0004 $ 0.0026
Second Quarter $ 0.0011 $ 0.0005
Third Quarter $ 0.0036 $ 0.0001
Fourth Quarter $ 0.0009 $ 0.0001

As of April 3, 2006, there were 5,454,943,898 shares of common stock issued and
outstanding.

We have never declared nor paid cash dividends and do not expect to pay
dividends in the foreseeable future.

Recent Issuances of Unregistered Securities

During January 2005, $2,500 of the convertible debentures issued in September
2001, were converted into 9,920,635 shares of common stock.

During January 2005, $1,400 of the convertible debentures issued in September
2001, were converted into 7,000,000 shares of common stock.

During February 2005, $3,100 of the convertible debentures issued in September
2001, were converted into 19,375,000 shares of common stock.

During February 2005, $2,520 of the convertible debentures issued in September
2001, were converted into 14,000,000 shares of common stock.

During March 2005, $3,400 of the convertible debentures issued in September
2001, were converted into 28,500,000 shares of common stock.

During March 2005, $3,000 of the convertible debentures issued in September
2001, were converted into 15,000,000 shares of common stock.

During April 2005, $1,000 of the convertible debentures issued in September
2001, were converted into 14,682,540 shares of common stock.

During April 2005, $1,000 of the convertible debentures issued in September
2001, were converted into 15,000,000 shares of common stock.

During May 2005, $1,000 of the convertible debentures issued in September 2001
were converted into 15,000,000 of common stock.

During May 2005, $3,560 of the convertible debentures issued in September 2001
were converted in 17,800,000 shares of common stock.

During June 2005 $4,600 of the convertible debentures issued in September 2001
were converted into 23,000,000 shares of common stock


<PAGE>

During June 2005 $3,500 of the convertible debentures issued in September 2001
were converted into 17,500,000 shares of common stock.

During June 2005 the company issued 50,000,000 shares of stock for services
rendered by New Equities Publishing for Public Relations.

During July 2005 $10,163 of the convertible debentures issued in September 2001
were converted into 48,800,000 shares of common stock

During July 2005 $11,871 of the convertible debentures issued in September 2001
were converted into 53,039,211 shares of common stock.

During August 2005 $29,099.80 of the convertible debentures issued in September
2001 were converted into 221,570,000 shares of common stock.

During August 2005 $23,106 of the convertible debentures issued in September
2001 were converted into 178,782,781 shares of common stock.

During September 2005 $43,586.60 of the convertible debentures issued in
September 2001 were converted into 323,760,000 shares of common stock.

During September 2005 $20, 254 of the convertible debentures issued in September
2001 were converted into 299,410,794 shares of common stock.

During October 2005 $46,825 of convertible debentures issued in September 201
were converted into 470,000,000 shares of common stock.

During October 2005, $13,172.28 of convertible debentures issued in September
2001 were converted into 411,587,075 shares of common stock.

During November 2005, $14,260 of convertible debentures issued in September 2001
were converted into 401,500,000 shares of common stock

During November 2005 $16,388.33 of convertible debentures issued in September
2001 were converted into 401,623,645 shares of common stock.

During February 2004, the Company issued two convertible debentures for an
aggregate amount of $45,000 with simple interest at 12%. The debentures are due
February 2005. Interest shall be paid quarterly commencing March 2004. The
holder shall have the right to convert the principal amount and interest due
into common stock. The conversion price in effect on any Conversion Date shall
be the lesser of (1) $.005 or (2) 40% of the average of the lowest three
inter-day sales prices of the common stock during the twenty Trading Days
immediately preceding the applicable Conversion Date.

On May 7, 2004, we entered into a Securities Purchase Agreement, with four
accredited investors that provides for the issuance of convertible notes payable
up to an aggregate face value of $250,000 with simple interest accruing at the
annual rate of 12% and warrants to acquire up to an aggregate 750,000 shares of
our common stock. The convertible notes are due two years from the date of
issuance. Interest payable on the convertible notes shall be paid quarterly
commencing June 30, 2004. The holders shall have the right to convert the
principal amount and interest due under the convertible notes into shares of
DDS's common stock. The conversion price in effect on any conversion date shall
be the lesser of (1) $.0045 or (2) 40% of the average of the lowest three
inter-day sales prices of the common stock during the twenty trading days
immediately preceding the applicable conversion date. The warrants have an
exercise price of $0.0045 and expire on May 7, 2009.

During July 2004, $4,900 of the convertible debentures issued in September 2001,
were converted into 7,000,000 shares of common stock.

During August 2004, $3,500 of the convertible debentures issued in September
2001, were converted into 14,000,000 shares of common stock and 7,222,222 shares
of common stock were issued for liquidated damages relating to the notes issued
December 2001.

During September 2004, $700 of the convertible debentures issued in September
2001, were converted into 7,000,000 shares of common stock.


<PAGE>

During October 2004, $1,400 of the convertible debentures issued in September
2001, were converted into 7,000,000 shares of common stock and 15,535,714 shares
of common stock were issued for liquidated damages relating to the notes issued
December 2001.

On November 30, 2004, we entered into a Securities Purchase Agreement, with four
accredited investors that provides for the issuance of convertible notes payable
up to an aggregate face value of $3,500,000 with simple interest accruing at the
annual rate of 12% and warrants to acquire up to an aggregate 6,195,000 shares
of our common stock. The convertible notes are due three years and three months
from the date of issuance. Interest payable on the convertible notes shall be
paid quarterly commencing December 31, 2004. The holders shall have the right to
convert the principal amount and interest due under the convertible notes into
shares of DDS's common stock. The conversion price in effect on any conversion
date shall be the lesser of (1) $.0005 or (2) 60% of the average of the lowest
three inter-day sales prices of the common stock during the twenty trading days
immediately preceding the applicable conversion date. The warrants have an
exercise price of $0.001 and expire on January 31, 2012.

ITEM 6. Management's Discussion and Analysis or Plan of Operations

Except for historical matters contained herein, the matters discussed in this
Form 10-KSB are forward-looking and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that these forward-looking statements reflect numerous
assumptions, especially as regarding installation schedules and product mix, and
involves risks and uncertainties which may affect Digital Descriptor Systems,
Inc.'s business and prospects and cause actual results to differ materially from
these forward-looking statements, including sufficient funds to finance working
capital and other financing requirements of Digital Descriptor Systems, Inc.,
market acceptance of DDSI's products and competition in the computer industry.

Critical Accounting Policies

DDSI's critical accounting policies, including the assumptions and judgments
underlying them, are disclosed in the Notes to the Financial Statements. These
policies have been consistently applied in all material respects and address
such matters as revenue recognition and depreciation methods. The preparation of
the financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reported period. Actual results could differ
from those estimates.

DDSI derives revenue from the sale of hardware, software, post customer support
(PCS), and other related services. PCS includes telephone support, bug fixes,
and rights to upgrades on a when-and-if-available basis. Other related services
include basic consulting and training. Included with the hardware is software
that is not considered to be incidental. Revenue from transactions with
customers where the software component is not considered to be incidental is
allocated between the hardware and software components based on the relative
fair value of the respective components.

DDSI also derives revenue from the sale of software without a related hardware
component. Revenue allocable to software components is further allocated to the
individual deliverable elements of the software portion of the arrangement such
as PCS and other services. In arrangements that include rights to PCS for the
software and/or other services, the software component arrangement fee is
allocated among each deliverable based on the relative fair value of each of the
deliverables determined using vendor-specific objective evidence, which has been
established by the separate sales of these deliverables.

Plan of Operations

The short-term objective of DDSI is the following:

o The short-term objective of DDSI is to increase the market penetration of the
product line of its CGM subsidiary as the Company believes this is the area
where the greatest revenue growth exists. o Additionally, DDSI plans to execute
an acquisition strategy based upon fund availability.

DDSI's long-term objective is as follows:

o 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.


<PAGE>

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. A recent financing
has been obtained and the underlying shares are being registered in this
registration statement (see "Selling Shareholders" and "Recent Financing" on
page 40).

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

o Cut costs in areas that add the least value to DDSI

o Concentrate on increasing the sales of the CGM product line.

o Derive funds through investigating business alliances with other companies.

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

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

o Acquire and effectively add management support to profitable companies
complementary to its broadened target markets.

Results of Operations

Year Ended December 31, 2005 Compared to Year Ended December 31, 2004

Revenues for the year ended December 31, 2005 of $3,335,631 increased $2,923,579
or 710% from the year ended December 30, 2004. DDSI generates its revenues
through software licenses, hardware, post customer support arrangements and
other services. The increase in DDSI's revenue is attributed to the purchase of
CGM Applied Security Technology, Inc in March 2005. During 2005, Maintenance
revenues increased $3,410 or 1% from the year ended December 31, 2004

Cost of revenue for the year ended December 31, 2005 was $1,108,904 an increase
of $1,064,122or 2376% from the prior year. The increase was attributable to the
purchase of CGM Applied Security Technology, Inc in March 2005. Cost of revenue
sold as a percentage of revenue for the year ended December 31, 2005 was 33% of
total revenues, versus 10% the year earlier.

Operating expenses increased $1,952,478 or 395% during the year ended December
31, 2005 versus the year ended December 31, 2004. This increase was mainly
attributable to the purchase of CGM Applied Security Technology, Inc in March
2005.

General and Administrative expenses for the year ending December 31, 2005 were
$2,208,216versus $407,642 for the prior year for an increase of $1,800,574 or
442%. This increase was mainly attributable to the purchase of CGM Applied
Security Technology, Inc in March 2005.

Sales and Marketing expenses increased $67,158 for the year ended December 31,
2005 from $65,014 or a 103% increase. This increase was mainly attributable to
an increase in professional services of $60,000 designated to investor
relations.

Research and development for the year ended December 31, 2005 was $106,505
compared to $21,759 for the same period prior year for an increase of $84,746 or
a 390% increase, which was due in part to the purchase of CGM Applied Security
Technology, Inc in March 2005.

Debt discount amortization expense was increased $1,285,828 from $428,566 to
$1,714,394 because of an error in the calculation. This error was found and
corrected through our internal controls.

The net (loss) for DDSI increased 95% or $(1,926,689) for the year ended
December 31, 2005 to $(3,949,021) from $(2,022,332) for the year ended December
31, 2004. This was primarily due to the increase in operating expenses.

Net cash (used in) operating activities for the year ended December 31, 2005 and
2004 was ($623,204) and ($296,038), respectively. The increase in cash (used in)
operating activities in the year ended December 31, 2005 of ($327,166) was
primarily due to the increase in operating expenses due in part to the purchase
of CGM Applied Security Technology, Inc. in March 2005.

Net cash provided by (used in) financing activities was $(531,691) and
$3,324,517 for the year ended December 31, 2005 and 2004, respectively,
reflecting a (decrease) of $(3,856,208). This decrease was primarily due to
decrease in proceeds from issuance of convertible debenture.


<PAGE>

Liquidity and Capital Resources

DDSI's revenues have been insufficient to cover the cost of revenues and
operating expenses. Therefore, DDSI 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 or other capital will continue to be available, or that revenues will
increase to meet DDSI's cash needs, or that a sufficient amount of DDSI'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 DDSI.

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
relied on private placements of common stock securities, and loans from private
investors to sustain operations. However, if DDSI is unable to obtain additional
funding in the future, it may be forced to curtail or terminate operations.

At December 31, 2005, DDSI had assets of $6,212,339 compared to $3,566,848 on
December 31, 2004 an increase of $2,645,491 and shareholder deficiency of
$(10,346,477) on December 31, 2005 compared to shareholder deficiency of
$(7,234,362) on December 31, 2004, an increase of ($3,112,115). This increase in
shareholder deficiency for the year ended December 31, 2005 resulted from the
net loss for the year ended December 31, 2005.

As of December 31, 2005, DDSI had decrease in working capital of $(8,559,687), a
change from negative working capital of $(6,100,203) at December 31, 2004. The
decrease in working capital was primarily a result of to the purchase of CGM
Applied Security Technology, Inc. in March 2005.

Recent Developments

On March 1, 2005, DDSI and its wholly-owned subsidiary, CGM Applied Security
Technologies, Inc. ("CGM Sub"), acquired substantially all of the assets of CGM
Security Solutions, Inc., a Florida corporation ("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
ended 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
(i) $0.0005 or (ii) 60% of the average of the three lowest intraday trading
prices for the Company's common stock during the 20 trading days before, but not
including, the conversion date. In addition, the exercise price of the warrants
held by the Investors was amended to $.001 per share.

ITEM 7. Financial Statements

The report of the independent registered public accounting firm and financial
statements are set forth in this report beginning on Page F-1.

ITEM 8. Changes In and Disagreements with Accountants on Accounting and
Financial Disclosure

(a) On January 13, 2006, Digital Descriptor Systems, Inc. ("Registrant") was
notified by Rosenberg Rich Baker Berman & Co. ("Rosenberg") that it was
resigning as Registrant's certifying accountant, effective immediately.

During the two fiscal years ended December 31, 2004 and 2003, and any subsequent
period through January 13, 2006, (i) there were no disagreements between
Registrant and Rosenberg on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure which, if not
resolved to the satisfaction of Rosenberg would have caused Rosenberg to make
reference to the matter in its reports on Registrant's financial statements, and
(ii) Rosenberg's reports on Registrant's financial statements did not contain an
adverse opinion or disclaimer of opinion, and was not modified as to
uncertainty, audit scope or accounting principles. During the two fiscal years
ended December 31, 2004 and 2003 and through January 13, 2006, there were no
reportable events as the term is described in Item 304(a)(1)(iv) of Regulation
S-B.

(b) On January 13, 2006, Registrant engaged the firm of Bagell Josephs Levine,
LLC. to serve as its independent registered public accountants for the fiscal
year ending December 2005.


<PAGE>

During the two fiscal years ended December 31, 2005 and 2004, and through
January 13, 2006, Registrant has not consulted with Bagell, Josephs & Company
LLC. regarding either:

1. The application of accounting principles to any specific transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
Registrants' financial statements, and neither a written report was provided to
Bagell, Josephs, Levine & Company LLC. nor oral advice was provided that Bagell,
Josephs, Levine & Company LLC. concluded was an important factor considered by
Registrant in reaching a decision as to the accounting, auditing or financial
reporting issue; or

2. Any matter that was either subject of disagreement or event, as defined in
Item 304(a)(1)(iv) of Regulation S-B and the related instruction to Item 304 of
Regulation S-B, or a reportable event, as that term is explained in Item
304(a)(1)(iv) of Regulation S-B.

On January 19, 2006, Registrant provided Rosenberg with a copy of the
disclosures it is making in response to Item 4.01 on this Form 8-K, and has
requested that Rosenberg furnish it with a letter addressed to the Securities
and Exchange Commission stating whether it agrees with the above statements.

ITEM 8A. Control and Procedures

Evaluation of Disclosure Controls and Procedures

As of December 31, 2005, we carried out an evaluation, under the supervision and
with the participation of our Chief Executive Officer and Chief Financial
Officer, of the effectiveness of the design and operation of our disclosure
controls and procedures. Based on this evaluation, our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures were effective in ensuring that information required to be disclosed
by us in our periodic reports is recorded, processed, summarized and reported,
within the time periods specified for each report and that such information is
accumulated and communicated to our management, including our principal
executive and principal financial officers, or persons performing similar
functions, as appropriate to allow timely decisions regarding required
disclosure.

Changes in Internal Controls

There have been significant changes in our internal controls that could
significantly affect those controls subsequent to the date of their last
valuation. Specifically, we have hired a new controller and implemented a new
accounting system to integrate our subsidiary's financials. We believe that
these steps have enhanced our financial disclosures.

PART III

ITEM 9. Directors, Executive Officers, Promoters and Control Persons; Compliance
with Section 16(a) of the Exchange Act

Set forth below is certain information regarding our directors and executive
officers. Our Board of Directors is comprised of four directors. There are no
family relationships between any of our directors or executive officers. Each of
our directors is elected to serve until our next annual meeting of our
stockholders and until his successor is elected and qualified or until such
director's earlier death, removal or termination.

Name Age Position with Company
---- --- ---------------------

Anthony Shupin 51 Director, Chief Executive Officer, President
Michael Pellegrino 57 Senior Vice President, CFO and Director
Robert Gowell 38 Director
Vincent Moreno 63 Director
Erik Hoffer 59 Executive Vice President and Director

Anthony Shupin became CEO and President of DDSI in October 2003. His affiliation
with DDSI began as a member of the Board of Directors in January 2002. His
experience includes over 20 years of executive management, sales and marketing
management and project and program management with technology computing,
aerospace and professional services companies. Prior to DDSI, Mr. Shupin served
in several capacities in the Technology and Management Consulting field. He
founded TShupin and Associates, a management consulting firm focused on
assisting clients in the areas of Sales and Marketing, New Business Start-Up,
Operational Analysis and Business/Technology Synchronization. At Deloitte
Consulting, he directed activities as a Business Development Executive in the
Communications and Media practice. Mr. Shupin's background also includes a role
as Director of International Business Development at the world's first
commercial satellite aerospace company.


<PAGE>

A graduate of Colby College, Waterville, Maine, Mr. Shupin has extended his
education at Rutgers University, Cook College in Geographic Information Systems
and Remote Sensing training.

Michael Pellegrino became Senior Vice President & CFO in February 2005. He
originally joined DDSI in 1995 as Vice President & Chief Financial Officer. In
March 2002, he was appointed President, Chief Executive Officer and Chief
Financial Officer, Secretary and a Director of DDSI. From 1984 to 1995, Mr.
Pellegrino was Vice President and CFO of Software Shop Systems, Inc. From 1979
to 1984, he was a regional controller for Capital Cities/ABS and from 1972 to
1979 as Director of Financial Systems for ADP. Mr. Pellegrino has a Bachelors
degree in accounting from MSU and a Masters in Finance from Rutgers University.

Robert Gowell has been a director of the Company since 2001. He was the
Company's Co-Chairman and Chief Executive Officer from January 2002 until June
2002. He is a retired Deputy U.S. Marshal who has worked out of the New York and
Pennsylvania offices from 1991 to 2001. He earned his B.S. in Management and
Finance from the City University of New York. He is currently working on his MBA
at Kutztown University.

Vincent Moreno has been a director of the Company since January 2002. Mr. Moreno
provides DDSI with over 30 years of experience from a technical and business
environment, with the past 23 years at the executive management level. Since
2002, Mr. Moreno has been doing consulting work for various software development
firms. From 1998- 2002, he was President and General Manager of PayPlus
Software, Inc., a provider of payroll software to the Professional Employer
Organization marketplace. He served as Vice President of Operations at DDSI from
1996 to 1998. From 1989 to 1995, he served as President and CEO of Mainstem
Corporation, a national provider of software services.

Erik Hoffer was appointed as Executive Vice President and a director of the
Company and President of CGM Sub in March 2005. Prior to joining the Company,
Mr. Hoffer has been the president and chief executive officer of CGM, which he
created in 1977. Prior to starting CGM, Mr. Hoffer was the national sales
manager of Lamart Corporation from 1972-1977. For the past 37 years, Mr. Hoffer
has designed and patented a number of theft control, authentication, barrier and
theft detection products. He holds many patents and a considerable amount on
corporate trade secrets in manufacturing these products. He is considered an
expert in the areas of adhesive coating, conductive inks and cargo security
science. For the past four 4 years, Mr. Hoffer has been the chairman of
educational events for the National Cargo Security Council and previously the
co-chairman of the NCSC GMATS program. Mr. Hoffer received a B.S. in industrial
psychology from Northeastern University. He also holds an associates degree in
transportation and traffic management.

Code of Ethics

The Company has not formally adopted a written code of ethics that governs all
of our officers, directors and finance and accounting employees. The draft code
of ethics is filed herewith as Exhibit 14.1

Section 16 Beneficial Ownership Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires DDSI's directors
and executive officers, and persons who own more than 10% of a registered class
of DDSI's equity securities to file with the Securities and Exchange Commission
initial reports of ownership and reports of changes in ownership of Common Stock
and other equity securities of DDSI. Officers, directors and greater than 10%
shareholders are required by SEC regulations to furnish DDSI with copies of all
Section 16(a) forms they file.

To DDSI's knowledge, based solely on its review of the copies of such reports
furnished to DDSI and written representations that no other reports were
required during the fiscal year ended December 31, 2002, all Section 16(a)
filing requirements applicable to its officers, directors and greater than 10%
beneficial owners were complied with, except that the following individuals have
filed their Form 3s late: Anthony Shupin, Vincent Moreno and Erik Hoffer and the
following individuals have filed their Form 4s late: Michael Pellegrino and
Robert Gowell.

ITEM 10. Executive Compensation

The following table sets forth information concerning the total compensation
that we have paid or that has accrued on behalf of our Chief Executive Officer
and other executive officers with annual compensation exceeding $100,000 during
fiscal 2004, 2003 and 2002.


<PAGE>

<TABLE>
<CAPTION>
Long Term Compensation

Annual Compensation Awards Payouts

Name and Other Securities
Principal Annual Restricted Underlying Other
Position Compen- Stock Options/ LTIP Compen-
Year Salary Bonus sation($) Award($) Sar (#) Payouts($) sation ($)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Anthony Shupin 2005 $198,539 0 0 0 0 0 0
President & CEO 2004 $108,000 0 0 0 0 0 0
2003 $108,000 0 0 0 0 0 0
2002 0 0 0 0 0 0 0

Michael J 2005 $148,077 0 0 0 0 0 0
Pellegrino* 2004 $ 52,000 0 0 0 0 0 0
2003 $115,000 0 0 0 0 0 0
2002 $115,000 0 0 0 0 0 0
</TABLE>


*Mr. Pellegrino resigned as President and Chief Executive Officer effective
October 6, 2003. In 2004, Mr. Pellegrino served as Chairman of the Board and as
a consultant to the Company.

Options/SAR Grants in Last Fiscal Year

<TABLE>
<CAPTION>
Number of % of Total
Securities Options/SARS
Underlying Granted to
Options/SARS Employees in Exercise or Base
Name Granted Fiscal Year Price ($/Sh) Expiration Date
<S> <C> <C> <C> <C>
Michael J. Pellegrino, CFO 0 N/A N/A N/A
Anthony Shupin, President & CEO 0 N/A N/A N/A
</TABLE>

Aggregated Option/SAR Exercises

None exercised

Employment Agreements

Anthony R. Shupin, Chairman, President and Chief Executive Officer. Mr. Shupin
was re-appointed as Chairman, President and Chief Executive Officer effective
February, 2005. On February 25, 2005, DDSI entered into a five-year employment
agreement with Mr. Shupin, which entitled him to a base salary of $215,000 per
year, which may at the Board of Directors discretion adjust his base salary (but
not below $215,000 per year). Mr. Shupin is also entitled to participate in the
Annual Management Bonus Plan. As a participant in the Annual Management Bonus
Plan, Mr. Shupin will be eligible to receive bonuses, based on performance, in
any amount from 10% to 200% of the Base Salary. In addition, Mr. Shupin shall
participate in the Management Equity Incentive Plan. As a participant in the
Management Equity Plan, Mr. Shupin will be eligible to receive options, which
vest over a period of time from the date of the option's issue, to purchase
common shares of DDSI. The Company may grant Mr. Shupin, following the first
anniversary of the date hereof and at the sole discretion of the Board of
Directors, options to purchase common shares of the Company (subject to the
vesting and the satisfaction of the other terms and conditions of such options).
Mr. Shupin will be entitled to 25 vacations days per year at such times as may
be mutually agreed with the Board of Directors. DDSI will provide Mr. Shupin a
monthly car allowance of Six Hundred Dollars ($600.00) along with related car
expenses.

Michael J. Pellegrino, Senior Vice President and Chief Financial Officer. Mr.
Pellegrino was appointed as Senior Vice President and Chief Financial Officer
effective February 25, 2005. On February 25, 2005, DDSI entered into a five-year
employment agreement with Mr. Pellegrino, which entitled him to a base salary of
$175,000 per year which may at the Board of Directors discretion adjust his base
salary (but not below $175,000 per year). Mr. Pellegrino is also entitled to
participate in the Annual Management Bonus Plan. As a participant in the Annual
Management Bonus Plan, Mr. Pellegrino will be eligible to receive bonuses, based
on performance, in any amount from 10% to 200% of the Base Salary. In addition,
Mr. Pellegrino shall participate in the Management Equity Incentive Plan. As a
participant in the Management Equity Incentive Plan, Mr. Pellegrino will be
eligible to receive options, which vest over a period of time from the date of
the option's issue, to purchase common shares of DDSI. DDSI may also grant to
the Employee, following the first anniversary of the date of the Agreement and
at the sole discretion of the Board of Directors, options to purchase common
shares of the Company (subject to the vesting and the satisfaction of the other
terms and conditions of such options). Mr. Pellegrino will be entitled to 25
vacation days per year at such times as may be mutually agreed with the Board of
Directors. DDSI shall also furnish Mr. Pellegrino with monthly car allowance of
Six Hundred Dollars ($600.00) and related car expenses.


<PAGE>

DDSI has an employment agreement with Erik Hoffer, pursuant to which Mr. Hoffer
will be employed as Executive Vice President of the Company for an initial term
of three years, which may be extended, and President of CGM Sub for an initial
term of one year, which may be renewed for successive one-year terms. Pursuant
to the Employment Agreement, Mr. Hoffer will receive a base salary of $200,000,
a bonus of 5% of the gross margin sales increase over the prior year's gross
margin sales of CGM products and customary benefits and reimbursements.

Employee and Director Stock Option Plans

DDSI adopted the 1994 Stock Option Plan, (restated in 1997) (the "Plan") in
order to attract and retain qualified personnel. In October 1998, the Board of
Directors voted to amend the plan but has not formally established the amended
plan to date and will not do so this fiscal year. However, under the proposed
1998 Plan, the Compensation Committee of the Board of Directors in its
discretion may grant stock options (either incentive or non-qualified stock
options) to officers and employees. The terms and conditions upon which the
options may be exercised will be set out in the Plan. The Plan is intended to
provide a method whereby employees of DDSI and others who are making and are
expected to make substantial contributions to the successful management and
growth of DDSI are offered an opportunity to acquire common stock as an
incentive to remain with DDSI and advance its interests. Therefore, to date, no
options have been granted under the 1998 plan and none will be until the plan is
formalized some time during the next fiscal year. On August 31, 1999, DDSI
granted bonuses to various officers and employees in the form of 902,500 options
for shares of DDSI's common stock, fully vested, with an exercise price of $0.37
per share. On December 15, 2000, DDSI granted to various officers and employees
843,000 options for shares of DDSI's common stock, fully vested, with an
exercise price of $0.10 per share, the then fair market value of the underlying
shares.

Compensation of Directors

Directors do not receive compensation for their services as members of the Board
of Directors. Directors will receive reimbursement for expenses in attending
directors meetings where applicable. Under the 1996 Director Option Plan, each
director who is not an officer or employee of DDSI automatically receives a
grant of an option to purchase 50,000 shares of DDSI's common stock effective as
of the date such person becomes a director and thereafter a grant of an option
to purchase 1,000 shares of DDSI's common stock on the date of each of DDSI's
regular annual meeting if he or she has served on the Board of Directors for at
least six months.

ITEM 11. Security Ownership of Certain Beneficial Owners and Management

The following table lists stock ownership of our common stock as of April 1,
2005. The information includes beneficial ownership by (i) holders of more than
5% of our common stock, (ii) each of our current directors and executive
officers and (iii) all of our directors and executive officers as a group. The
information is determined in accordance with Rule 13d-3 promulgated under the
Exchange Act based upon information furnished by the persons listed or contained
in filings made by them with the Commission. Except as noted below, to our
knowledge, each person named in the table has sole voting and investment power
with respect to all shares of our common stock beneficially owned by them.

Percentage of beneficial ownership is based upon 304,511,994 shares of common
stock outstanding at April 1, 2005, together with securities exercisable or
convertible into shares of common stock within 60 days of April 1, 2005 for each
stockholder. Beneficial ownership is determined in accordance with the rules of
the Securities and Exchange Commission and generally includes voting or
investment power with respect to securities. Shares of common stock that are
currently exercisable or exercisable within 60 days of April 1, 2005 are deemed
to be beneficially owned by the person holding such securities for the purpose
of computing the percentage of ownership of such person, but are not treated as
outstanding for the purpose of computing the percentage ownership of any other
person.


<PAGE>

<TABLE>
<CAPTION>
Beneficial Ownership
Name and Address of Common Stock
of Beneficial Owner Title No. of Shares Percent of Class
------------------- ----- ------------- ----------------
<S> <C> <C> <C>
Anthony R. Shupin Chairman, CEO and 15,000,000 .0027%
2150 Hwy 35, Suite 250 President
Sea Girt, NJ 08750

Michael Pellegrino Senior Vice President, 15,335,000 .0028%
2150 Hwy 35, Suite 250 Chief Financial Officer
Sea Girt, NJ 08750 & Director

Robert Gowell Director 96,300 *
2150 Hwy 35, Suite 250
Sea Girt, NJ 08750

Vincent Moreno Director 0 *
2150 Hwy 35, Suite 250
Sea Girt, NJ 08750

Erik Hoffer Executive Vice 0 *
2150 Hwy 35, Suite 250 President and Director
Sea Girt, NJ 08750

All Officers & Directors
As a Group 30,431,300(1) .0055%
</TABLE>

* less than 1%

(1) Of the total Officers and Director's shares, 33,000 shares are options which
are 10-year options with a three-year vesting period, vesting 1/3 each year with
a strike price of thirty-three cents ($0.33). The remaining 1,275,000 options
are 10-year options that are fully vested at varying strike prices.

There are no arrangements known to DDSI that at a later date may result in a
change in control of DDSI.

ITEM 12. Certain Relationships and Related Transaction

None

ITEM 13. Exhibits

Exhibit

Number Description

3.1 Certificate of Incorporation of the Company. Incorporated June 13,
1994 (1)

3.2 Restated Articles of Incorporation of the Issuer, May 21, 1997 (1).

3.3 Amended Articles of Incorporation (1)

3.4 Amended Articles of Incorporation dated October 9, 2001 (5)

3.5 By-Laws of the Company (1)

4.1 Warrant Agreement with AJW Partners, LLC (4)

4.2 Warrant Agreement with New Millennium Capital Partners II, LLC (4)

4.3 Stock Purchase Warrant Agreement with AJW Partners LLC (5)

4.4 Stock Purchase Warrant Agreement with New Millennium Capital
Partners II LLC (5)

4.5 Stock Purchase Warrant Agreement with Bristol Investment Fund, Ltd.
(5)

4.6 Stock Purchase Warrant Agreement with AJW Qualified Partners, LLC
(8)

4.7 Stock Purchase Warrant Agreement with AJW Offshore, Ltd. (8)

4.8 Stock Purchase Warrant Agreement with AJW Qualified Partners, LLC
(January 10, 2003) (9)

4.9 Stock Purchase Warrant Agreement with AJW Partners, LLC (January 10,
2003) (9)

4.10 Stock Purchase Warrant Agreement with AJW Offshore, Ltd. (January
10, 2003) (9)

4.11 Stock Purchase Warrant Agreement with AJW Qualified Partners, LLC
(February 27, 2003) (10)


<PAGE>

4.12 Stock Purchase Warrant Agreement with AJW Partners, LLC (February
27, 2003) (10)

4.13 Stock Purchase Warrant Agreement with AJW Offshore, Ltd. (February
27, 2003) (10)

4.14 Stock Purchase Warrant Agreement with AJW Qualified Partners, LLC
(March 31, 2003) (10)

4.15 Stock Purchase Warrant Agreement with AJW Partners, LLC (March 31,
2003) (10)

4.16 Stock Purchase Warrant Agreement with AJW Offshore, Ltd. (March 31,
2003) (10)

4.17 Secured Convertible Debenture Purchase Agreement (4)

4.18 12% Convertible Debenture with AJW Partners, LLC (4)

4.19 12% Convertible Debenture with New Millennium Capital Partners II,
LLC (4)

4.20 Secured Convertible Debenture with AJW Partners LLC (5)

4.21 Secured Convertible Debenture with New Millennium Capital Partners
II LLC (5)

4.22 Secured Convertible Debenture with Bristol Investment Fund, Ltd. (5)

4.23 Secured Convertible Debenture with AJW Qualified Partners, LLC (8)

4.24 Secured Convertible Debenture with AJW Offshore, Ltd. (8)

4.25 Secured Convertible Debenture with AJW Qualified Partners, LLC
(January 10, 2003) (9)

4.26 Secured Convertible Debenture with AJW Partners, LLC (January 10,
2003) (9)

4.27 Secured Convertible Debenture with AJW Offshore, Ltd. (January 10,
2003) (9)

4.28 Secured Convertible Debenture with AJW Qualified Partners, LLC
(February 27, 2003) (10)

4.29 Secured Convertible Debenture with AJW Partners, LLC (February 27,
2003) (10)

4.30 Secured Convertible Debenture with AJW Offshore, Ltd. (February 27,
2003) (10)

4.31 Secured Convertible Debenture with AJW Qualified Partners, LLC
(March 31, 2003) (10)

4.32 Secured Convertible Debenture with AJW Partners, LLC (March 31,
2003) (10)

4.33 Secured Convertible Debenture with AJW Offshore, Ltd. (March 31,
2003) (10)

4.34 Secured Convertible Debenture with AJW Qualified Partners, LLC
(October 1, 2003) (11)

4.35 Secured Convertible Debenture with AJW Offshore, Ltd. (October 1,
2003) (11)

4.36 Secured Convertible Debenture with AJW Qualified Partners, LLC
(November 26, 2003) (11)

4.37 Secured Convertible Debenture with AJW Offshore, Ltd. (November 26,
2003) (11)

4.38 Secured Convertible Debenture with AJW Qualified Partners, LLC
(December 3, 2003) (11)

4.39 Secured Convertible Debenture with AJW Offshore, Ltd. (December 3,
2003) (11)

4.40 10% Convertible Note to Robert Gowell (4)

4.41 Second Amendment to Secured Convertible Debenture Purchase Agreement
(4)

4.42 Callable Secured Convertible Note in the name of New Millennium
Capital Partners II, LLC dated November 30, 2004 (12)

4.43 Callable Secured Convertible Note in the name of AJW Qualified
Partners, LLC dated November 30, 2004 (12)

4.44 Callable Secured Convertible Note in the name of AJW Offshore, Ltd.
dated November 30, 2004 (12)


<PAGE>

4.45 Callable Secured Convertible Note in the name of AJW Partners, LLC
dated November 30, 2004 (12)

4.46 Stock Purchase Warrant in the name of New Millennium Capital
Partners II, LLC dated November 30, 2004 (12)

4.47 Stock Purchase Warrant in the name of AJW Qualified Partners, LLC
dated November 30, 2004 (12)

4.48 Stock Purchase Warrant in the name of AJW Offshore, Ltd. dated
November 30, 2004 (12)

4.49 Stock Purchase Warrant in the name of AJW Partners, LLC dated
November 30, 2004 (12)

4.50 2.86% Secured Convertible promissory Note in the name of CGM
Security Solutions, Inc. dated February 25, 2005 (13)

10.1 Employee 1997 Stock Option Plan adopted by the Board of Directors
February 24, 1998 and subject to stockholder ratification. (1)

10.2 Registration Rights Agreement (4)

10.3 Registration Rights Agreement (5)

10.4 Securities Purchase Agreement (5)

10.5 Security Agreement (5)

10.6 Amendment No. 1 to Securities Purchase Agreement dated December 31,
2001 (6)

10.7 Private Placement Agreement Letter with AJW Qualified Partners, LLC
and AJW Offshore, Ltd (8)

10.8 Securities Purchase Agreement (January 10, 2003) (9)

10.9 Registration Rights Agreement (January 10, 2003) (9)

10.10 Security Agreement (January 10, 2003) (9)

10.11 Intellectual Property Security Agreement (January 10, 2003) (9)

10.12 Securities Purchase Agreement dated November
30, 2004 by and among the Company and New
Millennium Capital Partners II, LLC, AJW
Qualified Partners, LLC, AJW Offshore, Ltd.
and AJW Partners, LLC (12)

10.13 Registration Rights Agreement dated November
30, 2004 by and among the Company and New
Millennium Capital Partners II, LLC, AJW
Qualified Partners, LLC, AJW Offshore, Ltd.
and AJW Partners, LLC (12)

10.14 Security Agreement dated November 30, 2004 by and among the Company
and New Millennium Capital Partners II, LLC, AJW Qualified Partners,
LLC, AJW Offshore, Ltd. and AJW Partners, LLC (12)

10.15 Intellectual Property Security Agreement
dated November 30, 2004 by and among the
Company and New Millennium Capital Partners
II, LLC, AJW Qualified Partners, LLC, AJW
Offshore, Ltd. and AJW Partners, LLC (12)

10.16 Guaranty and Purchase Agreement dated
November 30, 2004 by and among the Company,
New Millennium Capital Partners II, LLC, AJW
Qualified Partners, LLC, AJW Offshore, Ltd.
and AJW Partners, LLC and Anthony Shupin
(12)

10.17 Guaranty and Purchase Agreement dated
November 30, 2004 by and among the Company,
New Millennium Capital Partners II, LLC, AJW
Qualified Partners, LLC, AJW Offshore, Ltd.
and AJW Partners, LLC and Michael Pellegrino
(12)

10.18 Security Agreement dated February 25, 2005 by and between CGM
Applied Security Technologies, Inc. and CGM Security Solutions, Inc.
(13)

10.19 Intellectual Property Security Agreement dated February 25, 2005 by
and between CGM Applied Security Technologies, Inc and CGM Security
Solutions, Inc. (13)

10.20 Letter Agreement, by and among the Company, AJW Partners, LLC, New
Millennium Capital Partners II, LLC, AJW Offshore, Ltd. and AJW
Qualified Partners, LLC, dated January 31, 2005 (13)

10.21 Asset Purchase Agreement dated February 25, 2005 by and among the
Company, CGM Applied Security Technologies, Inc. and CGM Applied
Security Solutions. (13)

10.22 Employment Agreement, dated February 25, 2005, by and among the
Company, CGM Applied Security Technologies, Inc. and CGM Security
Solutions, Inc. and Eric Hoffer (13)

10.23 Employment Agreement dated February 25, 2005 by and among the
Company and Anthony Shupin

10.24 Employment Agreement dated February 25, 2005 by and among the
Company and Michael J. Pellegrino


<PAGE>

14.1 Code of Ethics

21.1 Subsidiaries

31.1 Certification by Chief Executive Officer pursuant to Sarbanes-Oxley
Section 302

31.2 Certification by Chief Financial Officer pursuant to Sarbanes-Oxley
Section 302

32.1 Certification by Chief Executive Officer pursuant to 18 U.S.C.
Section 1350

32.2 Certification by Chief Financial Officer pursuant to 18 U.S.C.
Section 1350

(1) Previously filed on Form 10-SB September 20,
2000, File No. 0-26604

(2) Previously filed on Form 10-SB/A November
17, 2000, File No. 0-26604

(3) Previously filed on Form SB-2 May 1, 2001,
File No. 333-59888

(4) Previously filed on Form SB-2, Amendment 2,
August 29, 2001, File No. 333-59888

(5) Previously filed on Form SB-2, February 13,
2002, File No. 333-82662

(6) Previously filed on Form SB-2, Amendment No.
1, May 9, 2002, File No. 333-82662

(7) Previously filed on Form SB-2, Amendment No.
2, Jun 25, 2002, File No. 333-82662

(8) Previously filed on Form SB-2, Amendment No.
5, October 10, 2002, File No. 333-82662

(9) Previously filed on Form SB-2, February 12,
2003, File No. 333-103143

(10) Previously filed on Form SB-2, Amendment No.
1, May 7, 2003, File No. 333-103143

(11) Previously filed on the Annual Report on
Form 10-K, dated April 20, 2004

(12) Previously filed on Form 8-K, dated December 6, 2004

(13) Previously filed on Form 8-K dated March 3,
2005.

ITEM 14. Principal Accountant Fees and Services

Audit Fees. The aggregate fees billed by Rosenberg Rich Baker Berman& Company,
our principal accountants, for professional services rendered for the audit of
the Company's annual financial statements for the last two fiscal years and for
the reviews of the financial statements included in the Company's Quarterly
reports on Form 10-QSB during the last two fiscal years 2005 and 2004 were
$83,012 and $41,480, respectively.

Audit-Related Fees. The Company did not engage its principal accountants to
provide assurance or related services during the last two fiscal years.

Tax Fees. The aggregate fees billed by the Company's principal accountants for
tax compliance, tax advice and tax planning services rendered to the Company
during the last two fiscal years 2005 and 2004 were $3,000 and $12,100,
respectively.

All Other Fees. The Company did not engage its principal accountants to render
services to the Company during the last two fiscal years, other than as reported
above.

Signatures

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


Digital Descriptor Systems, Inc.


By: /s/ Anthony Shupin
----------------------------------------
Anthony Shupin, Chairman, President, and
Chief Executive Officer

Dated:


<PAGE>

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

Signature Title Date


By: /s/ Anthony Shupin Chairman, President, and Chief,
------------------ Executive Officer
Anthony Shupin


By: /s/ Michael Pellegrino Senior Vice President and Chief
---------------------- Financial Officer, Director
Michael Pellegrino


By: Executive Vice President and
--------------- Director
Erik Hoffer


By: /s/ Vincent Moreno Director
------------------
Vincent Moreno


By: Director
------------------
Robert Gowell


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Contents to Financial Statements

December 31, 2005

Page(s)

Report of Independent Registered Public Accounting Firm - 2005 1

Report of Independent Registered Public Accounting Firm -2004 2

Audited Consolidated Financial Statements:

Balance Sheet as of December 31, 2005 As restated 3-4

Statements of Operations for the Years Ended December 31, 2005
and 2004, restated 5

Statements of Shareholders' Impairment for the Years Ended
December 31, 2005 and 2004, as restated 6

Statements of Cash Flows for the Years Ended December 31, 2005
and 2004, restated 7-8

Notes to Financial Statements, restated 9-19


<PAGE>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders
Digital Descriptor Systems, Inc. and Subsidiary
Sea Girt, NJ

We have audited the accompanying consolidated balance sheet of Digital
Descriptor Systems, Inc. and Subsidiary as of December 31, 2005 and the related
consolidated statements of operations, changes in shareholders' impairment, and
cash flows for the year then ended. These consolidated financial statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these consolidated financial statements based on our audit.

We conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated financial statement
presentation. We believe that our audit provide a reasonable basis for our
opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Digital Descriptor
Systems, Inc. and Subsidiary as of December 31, 2005, and the results of its
operations and its cash flows for the year then ended in conformity with
accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements for the year ended December
31, 2005 have been prepared assuming that the Company will continue as a going
concern. As discussed in Note 12 to the consolidated financial statements, the
Company sustained operating losses and has had recurring accumulated deficits,
which raises substantial doubt about its ability to continue as a going concern.
Management's operating and financing plans with regard to these matters are also
discussed in Note 12. The consolidated financial statements do not include any
adjustments that might result from the outcome of these uncertainties.

The company has restated its financial statements as explained in note 14. The
company is increasing its (net loss) by ($1,639,849). The company originally did
not amortize the debt discount correctly which has now been corrected. This
adjustment was for $1,285,828. Additionally the company corrected interest
expense for the year ended December 31, 2005 in the amount of $354,021 which was
incorrectly applied against accrued interest payable.


/s/ Bagell, Josephs, Levine & Company LLC
Bagell, Josephs, Levine & Company LLC
Certified Public Accountants
Gibbsboro, New Jersey
April 13, 2006, except for Note 14, 15 and 16 which
is September 12, 2006

MEMBER OF: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

NEW JERSEY SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS PENNSYLVANIA INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS


<PAGE>

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders Digital Descriptor Systems, Inc.

We have audited the related statements of operations, shareholders' impairment
and cash flows for the year ended December 31, 2004. These financial statements
are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

As more fully described in Notes 12 and 13, subsequent to the issuance of the
Company's 2004 financial statements and our reports there on dated March 15,
2005 and July 15, 2005, the amortizations period and the classification of the
debt discounts associated with the beneficial conversion features of our
convertible debentures have been changed. In our original report we expressed an
unqualified opinion on the 2004 financial statements and our opinion on the
revised statements, as expressed here in, remains the same.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Digital Descriptor Systems,
Inc. as of December 31, 2004, and the results of its operations and its cash
flows for the years ended December 31, 2004 and December 31, 2003 in conformity
with accounting principles generally accepted in the United States of America.


/s/ Rosenberg Rich Baker Berman & Company

Bridgewater, New Jersey
March 25, 2005
Except for Note 13, dated April 10, 2006


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Balance Sheet
December 31, 2005

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Balance Sheet
December 31, 2005 As Restated

<TABLE>
<CAPTION>
Current Assets As Restated
<S> <C>
Cash $ 295,811
Accounts receivable, less allowance for uncollectible accounts
of $53,084 611,423
Inventory 414,151
Prepaid Expenses 4,266
------------

Total Current Assets 1,325,651

Property and Equipment, net 382,049
------------

Other Assets
Security deposit 1,730
Goodwill 4,054,998
Intangible assets 183,473
Deferred financing costs, net 264,438
------------

Total Other Assets 4,504,639

Total Assets 6,212,339
============

Current Liabilities
Accounts payable 224,997
Accrued expenses 342,923
Accrued Payroll and related expenses 38,269
Accrued interest 1,168,429
Deferred income 205,463
Convertible debentures, net of debt discounts 2,881,888
Derivative Liability 6,559,068
------------

Total Current Liabilities 11,421,037

Long Term Liabilities
Note Payable 3,500,000
Convertible debentures, net of debt discounts 1,637,779
------------

Total Long Term Liabilities 5,137,779

Total Liabilities 16,558,816

Shareholders' Impairment
Preferred stock, $.001 par value: authorized shares - 1,000,000;
issued and outstanding shares - none
Common stock, $.001 par value: authorized shares - 9,999,000,000;
issued and outstanding shares - 3,267,568,040 3,267,568
Additional paid-in capital 13,530,761
Accumulated deficit (27,144,806)
------------

Total Shareholders' Impairment (10,346,477)
------------

Total Liabilities and Shareholders' Impairment $ 6,212,339
============
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Statements of
Operations For the Years Ended December 31, 2005 and 2004 As Restated

<TABLE>
<CAPTION>
--------------------------------
2005 2004
-------------
As restated
--------------------------------
Revenues
<S> <C> <C>
Software $ 30,326 43,839
Hardware 5,798 112,272
Maintenance 256,771 253,361
CGM-AST Revenue/other 3,042,736 2,580
-------------

Total revenue 3,335,631 412,052
Cost of revenues 1,108,904 44,782
------------- -------------

Gross Profit 2,226,727 367,270

Operating Expenses
General and administrative 2,208,216 407,642
Sales and marketing 132,172 65,014
Research and development 106,505 21,759
--------------------------------

Total Operating Expenses 2,446,893 494,415

Other Income and (Expenses)
Interest (1,826,962) (326,853)
Amortization of deferred financing cost (151,815) (354,870)
Amortization of debt discount (1,714,394) (730,830)
Change in fair market value of derivative liability 138,672 (426,507)
Other income and expenses, net (174,356) (56,127)

-------------
Total Other Income and (Expenses) (3,728,855 (1,895,187)
--------------------------------

Net Loss $ (3,949,021) (2,022,332)
================================

Net Loss Per Common Share (Basic and Diluted) $ (0.00) (0.01)
================================

Weighted Average Number of Common Shares Outstanding
Basic and Diluted 756,472,931 167,554,639
================================
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Statements of
Shareholders' Impairment For the Years Ended December 31, 2005 and 2004 As
Restated

<TABLE>
<CAPTION>
Common Stock Additional
------------------------------ Paid in Accumulated Shareholders'
Shares Amount Capital Deficit Impairment
------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C>
Balance at December 31, 2003 115,958,423 $ 115,958 $ 15,780,762 $ (21,173,453) $ (5,276,733)

Issuance of common stock for accrued services - 30,000,000 30,000 12,000 -- 42,000
related party

Issuance of common stock in payment of damages
related to convertible debentures 29,757,936 29,758 (17,555) -- 12,203

Conversion of accrued interest related to
convertible debentures to common stock 35,000,000 35,000 (24,500) -- 10,500

Net Loss -- -- -- (2,022,332) (2,022,332)
------------- ------------- ------------- ------------- -------------

Balance at December 31, 2004 210,716,359 $ 210,716 $ 15,750,707 $ (23,195,785) $ (7,234,362)

Issuance of common stock for services - 50,000,000 50,000 (20,000) -- 30,000

Issuance of common stock in payment of damages
related to convertible debentures 1,422,224,681 1,422,225 (1,190,151) 232,074

Conversion of accrued interest related to
convertible debentures to common stock 1,584,627,000 1,584,627 (1,544,232) 40,395

Benificial interest recognized on common stock
issuances 534,437 534,437

Net Loss, As originally reported (2,309,172) (2,309,172)

------------- ------------- ------------- ------------- -------------
Balance at December 31, 2005, as originally
reported 3,267,568,040 $ 3,267,568 $ 13,530,761 $ (25,504,957) $ (8,706,628)
============= ============= ============= ============= =============

Adjustment, increase in net loss (1,639,849) (1,639,849)
------------- -------------

Balance at December 31, 2005, as restated 3,267,568,040 $ 3,267,568 $ 13,530,761 $ (27,144,806) (10,346,477)
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Statements of Cash
Flows For the Years Ended December 31, 2005 and 2004 As Restated

<TABLE>
<CAPTION>
2005 2004
As Restated
Cash Flows from Operating Activities
<S> <C> <C>
Net loss $(3,949,021) $(2,022,332)
Adjustments to reconcile net loss to net cash (used in)
operating activities
Depreciation and amortization 174,356 --
Common stock issued in payment of damages 12,20301
Common stock issued in payment of services 30,000 --
Amortization of deferred financing costs 151,815 354,870
Amortization of debt discount 1,714,394 730,830
Amortization of Beneficial Interest 534,437 --
Change in Fair Market value of derivatives (138,672) 426,507
Bad debt expense 15,000 21,200

Changes in operating assets and liabilities
Accounts receivable (557,894) 46,600
Inventory (79,398) --
Prepaid expenses, deposits and other assets (4,266) 63,600
Accounts payable 87,415 (77,189)
Accrued expenses 33,149 3,745
Accrued interest 1,349,471 337,353
Deferred Income 16,010 (193,425)

Net Cash (used in) Operating Activities $ (623,204) $ (296,038)

Cash Flows from Investing Activities
Purchase of equipment (129,630) --
Acquisition of Business Assets (1,500,000) --

Net Cash (used in) Investing Activities $(1,629,630) $ --

Cash Flows from Financing Activities
Proceeds from the issuance of convertible debentures, net costs -- 3,324,307
Due to officers and directors -- 210
Payment of convertible debentures (531,691) --
-----------

Net Cash provided by (used in) Financing Activities $ (531,691) $ 3,324,517

Net Increase (Decrease) in Cash (2,784,525) 3,028,479
Cash at Beginning of Year 3,080,336 51,857
-----------

Cash at End of Year $ 295,811 $ 3,080,336
===========================
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

Digital Descriptor Systems, Inc. and Subsidiary Consolidated Statements of Cash
Flows For the Years Ended December 31, 2005 and 2004 As Restated

<TABLE>
<CAPTION>
December 31,
------------------------
2005 2004
---------- ----------
Supplemental Disclosure of Cash Flow Information:

Cash paid during the year for

<S> <C> <C>
Interest $ -- $ --
---------- ----------

Income taxes $ -- $ 2,546
---------- ----------

Supplemental Disclosure of Non-Cash Investing
and Financing Activities:

Debt discount relating to the issuance of warrants and the
beneficial conversion features of convertible debt $ 97,402 $1,880,110
---------- ----------

Conversion of amounts due to related parties $ -- $ 42,000
---------- ----------

Conversion of debentures into common stock $ -- $ --
---------- ----------

Conversion of damages related to convertible
debentures into common stock $ -- $ 12,203
---------- ----------

Accrued Interest converted into debt $ 643,340 $ --
---------- ----------

Conversion of accrued interest $ 251,915 $ 10,500
---------- ----------
</TABLE>


<PAGE>

Digital Descriptor Systems, Inc.

Notes to the Financial Statements

Note 1 - Description of Business

Digital Descriptor Systems, Inc., incorporated in Delaware in 1994, develops,
assembles and markets computer installations consisting of hardware and
software, which capture video and scanned images, link the digitized images to
test and store the images and text on a computer database and transmit this
information to remote locations. The principal product of the Company is the
Compu-Capture Law Enforcement Program, which is marketed to law enforcement
agencies and jail facilities and generates the majority of the Company's
revenues. Substantially all of the Company's revenues are derived from
governmental agencies in the United States.

CGM is a manufacturer and distributor of 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.

Note 2 - Summary of Significant Accounting Policies

Significant accounting policies followed by the Company in the preparation of
the accompanying financial statements are summarized below:

Use of Estimates

The preparation of the financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reported
period. Actual results could differ from those estimates.

Revenue Recognition

The Company derives revenue from the sale of hardware, software, post customer
support, and other related services. Post customer support includes telephone
support, bug fixes, and rights to upgrades. Other related services include basic
training.

The Company recognizes revenue upon delivery of the product to the end-user,
when the fee is determinable and collectibility is probable. Revenue allocable
to post customer support is recognized on a straight-line basis over the period
which the service is to be provided. Revenue collected for future services is
recorded as deferred income and totaled $205,463 and $189,453, respectively, for
the years ended December 31, 2005 and 2004. Revenue allocable to other services
is recognized as the services are provided.

Software Development Costs

All costs incurred in the research and development of new software products and
costs incurred prior to the establishment of a technologically feasible product
are expensed as incurred. Research and development of software costs were
$106,505 and $21,759, respectively for the years ended December 31, 2005 and
2004.

Cash and Cash Equivalents

For the purpose of the statement of cash flows, cash and cash equivalents
include time deposits, certificates of deposits, restricted cash, and all highly
liquid debt instruments with original maturities or three months or less.

Accounts Receivable

Accounts receivable are uncollateralized customer obligations due under normal
trade terms requiring payment within 30 days from the invoice date. No interest
is charged on any past due accounts. Accounts receivable are stated at the
amount billed to the customer. Accounts receivable was $611,423 in 2005 and
$68,529 in 2004.

The carrying amount of accounts receivable is reduced by a valuation allowance
that reflects management's best estimate of the amount that will not be
collected. Management reviews all accounts receivable balances that exceed 90
days from invoice date and based on assessment of current creditworthiness,
estimates the portion, if any, of the balance that will not be collected. The
allowance for doubtful accounts was $53,084 in 2005 and was $38,084 in 2004.

Income Taxes

The Company provides for income taxes under the liability method. Deferred
income taxes reflect the net tax effects of temporary differences between
carrying amounts of assets and liabilities for financial reporting purposes and
the amounts used for income tax purposes. Such differences result from
differences in the timing of recognition by the Company of net operating loss
carry forwards, certain expenses, and differences in the depreciable lives and
depreciation methods for certain assets.


<PAGE>

Accounting for Stock Options

Financial Accounting Standards Board issued Statement No. 123 (SFAS 123),
"Accounting for Stock-Based Compensation" which provides companies with a choice
to follow the provisions of SFAS 123 in determination of stock-based
compensation expense or to continue with the provisions of Accounting Principles
Board Opinion No. 25 (APB 25). The Company has elected to follow the provisions
of APB 25. Under APB 25, if the exercise price of the Company stock options
equals or exceeds the market price of the underlying Common Stock on the date of
grant, no compensation expense is recognized. The effect of applying SFAS 123 to
the Company's stock-based awards results in net loss and net loss per common
share that are disclosed on a pro forma basis in Note 8.

Net Loss Per Common Share

Basic loss per share is calculated by dividing the net loss by the weighted
average common shares outstanding for the period. Diluted loss per share is
calculated by dividing the net loss by the weighted average common shares
outstanding of the period plus the dilutive effect of common stock equivalents.
No exercises of common stock equivalents were assumed during any period because
the assumed exercise of these securities would be anti-dilutive.

Concentration of Credit Risk

Financial instruments which potentially subject the company to a concentration
of credit risk principally consist of cash and accounts receivable.
Concentration of credit risk, with respect to accounts receivable, is limited
due to the Company's credit evaluation process. The Company does not require
collateral from its customers. The Company sells its principal products to end
users and distributors principally in the United States.

Fair Value of Financial Instruments

The carrying value of cash and cash equivalents, accounts receivable, accounts
payable, accrued expenses and convertible debentures approximates their fair
value based on the liquidity of these financial instruments and based on their
short-term nature.


<PAGE>

Note 3 - Impact of Recent Accounting Pronouncements

In December of 2004 the FASB issued a revision to Statement No. 123, Accounting
for Stock-Based Compensation. This Statement supersedes APB Opinion No. 25,
Accounting for Stock Issued to Employees, and its related implementation
guidance. This Statement establishes standards for the accounting for
transactions in which an entity exchanges its equity instruments for good or
services. It also addresses transactions in which an entity incurs liabilities
in exchange for goods or services that are based on the fair value of the
entity's equity instruments or that may be settled by the issuance of those
equity instruments. This Statement focuses primarily on accounting for
transactions in which an entity obtains employee services in share-based payment
transactions. This Statement does not change the accounting guidance for
share-based payment transactions with parties other than employees as provided
in Statement 123 as originally issued and EITF Issue No. 96-18, "Accounting for
Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in
Conjunction with selling, Goods or Services." This Statement does not address
the accounting for employee share ownership plans, which are subject to AICPA
Statement of Position 93-6, Employers Accounting for Employee Stock Ownership
Plans. The revisions of this statement did not have a material impact upon the
Company's financial statements.

The Company reviews the carrying value of intangibles and other long-lived
assets for impairment at least annually or whenever events or changes in
circumstances indicate that the carrying amount of an asset may not be
recoverable. Recoverability of long-lived assets is measured by comparison of
its carrying amount to the undiscounted cash flows that the asset or asset group
is expected to generate. If such assets are considered to be impaired, the
impairment to be recognized is measured by the amount by which the carrying
amount of the property, if any, exceeds its fair market value. Goodwill
represents the excess of the cost of the Company's acquired subsidiaries or
assets over the fair value of their net assets at the date of acquisition. Under
Statement of Financial Accounting Standards ("SFAS") No. 142, goodwill is no
longer subject to amortization over its estimated useful life; rather, goodwill
is subject to at least an annual assessment for impairment applying a fair-value
based test.

Note 4 - Convertible Debentures

Based on the guidance in SFAS133 and EITF00-19, the Company concluded that the
conversion features of it convertible debentures were required to be accounted
for as derivatives. The imbedded derivative feature was bi-furcated and the fair
market value was determined using a convertible bond valuation model. The
derivative instruments are recorded at fair market value with changes in value
recognized during the period of change. For further discussion, see footnote #12
regarding restatement.

During May 2001, the Company issued three convertible notes for an aggregate
amount of $20,000. The debentures are collateralized by substantially all of the
company's assets. The debentures accrue interest at the rate of 10% per annum.

The holders have the right to convert the principal amount plus accrued interest
into shares of the Company's common stock. The conversion price in effect on any
Conversion Date shall be an amount equal to 50% of the mean average price of the
common stock for the ten trading days prior to notice of conversion.

We recorded a derivative liability related to this convertible debenture. The
initial fair market value of the conversion option in the amount of $4,992 was
recorded as a debt discount and is being amortized over the stated maturities of
the notes using the effective interest method. The fair market value of the
conversion feature is also shown as a derivative liability on the company's
balance sheet and is being adjusted to fair market value each reporting period
with the change being reported as "other income and expenses" in the statement
of operations.

During September 2001, the Company issued two convertible debentures for an
aggregate amount of $400,000. The debentures are collateralized by substantially
all of the company's assets. These debentures are in default as they were due on
September 30, 2002. The debentures accrue interest at the rate of 12% per annum.
A late fee equal to 15% of the accrued and unpaid interest is also assessed
during the default period. Interest on the debentures was not paid quarterly,
and accordingly accrued interest and late fees payable related to the notes
totaling $187,600 is included in the accompanying financial statements.

The holders have the right to convert the principal amount plus accrued interest
into shares of the Company's common stock at anytime after issuance. The
conversion price in effect on any Conversion Date shall be the lesser of $.08
per share or 50% of the average of the lowest three inter-day sales prices
during the ten trading days immediately preceding the applicable Conversion
Date.

The Company also issued common stock purchase warrants for the right to purchase
800,000 shares of common stock of the Company at an exercise price per share
equal to the lesser of $.36 or the average of the lowest three closing sales
prices for the common stock during the twenty Trading Days immediately prior to
exercise. The estimated fair value of the warrants of $48,000 was allocated to
paid-in capital. This resulting debt discount plus $90,000 of financing charges
were amortized on a straight-line basis over the term of the debentures, and
were fully amortized at December 31, 2002.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $59,407 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.


<PAGE>

During 2004, $10,500 of the debenture was converted into 35,000,000 shares of
common stock and during 2003, $3,164 of the debenture was converted into
15,818,010 shares of common stock.

In December, 2001 the Company issued three convertible debentures for an
aggregate amount of $500,000. The debentures are collateralized by substantially
all of the company's assets. The debentures are in default as they were due
December 31, 2002. Interest accrues at the rate of 12% per annum through
maturity, and increased to 15% per annum during the default period. Quarterly
interest payments were not made, and accordingly accrued interest payable
related to the notes totaling $210,000 is included in the accompanying financial
statements.

The holders have the right to convert the principal amount plus accrued interest
into shares of the Company's common stock at any time. The conversion price in
effect on any Conversion Date shall be the lesser of $.043 per share or 50% of
the average of the lowest three inter-day sales prices during the twenty Trading
Days immediately preceding the applicable Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
1,500,000 shares of common stock of the Company at an exercise price per share
equal to the lesser of $.02 or the average of the lowest three inter-day sales
prices during the twenty Trading Days immediately prior to exercise. The
estimated fair value of the warrants of $90,000 was allocated to paid-in
capital. This resulting debt discount plus $77,500 of financing charges were
amortized on a straight-line basis over the term of the debentures, and were
fully amortized at December 31, 2002.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $388,800 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In June 2002, a 12% convertible promissory note for $75,000 was issued to two
investors. The debentures are collateralized by substantially all of the
company's assets. The debentures are in default as they were due in August 2003.
The debentures accrue interest at the rate of 12% per annum. A late fee equal to
15% of the accrued and unpaid interest is also assessed during the default
period. Quarterly interest on the debentures was not paid, and accordingly
accrued interest and late fees payable related to the notes totaling $29,071 is
included in the accompanying financial statements.

The holders have the right to convert the principal amount plus unpaid accrued
interest into shares of the Company's common stock at any time through
repayment. The conversion price is equal to fifty percent of the average of the
lowest three (i) inter-day trading prices, or (ii) if the common stock is traded
on the OTC Bulletin Board or Pink Sheets, the prices asked by any person or
entity acting as a market maker in the common stock during the twenty trading
days immediately preceding the relevant date upon which a conversion is
effected.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $59,430 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In September 2002, the Company issued secured convertible debentures in the
aggregate principal amount of $100,000. The debentures are collateralized by
substantially all of the company's assets. The debentures are in default as they
were due on September 30, 2003. The debentures accrue interest at the rate of
12% per annum. A late fee equal to 15% of the accrued and unpaid interest is
also assessed during the default period. Quarterly interest on the debentures
was not paid, and accordingly accrued interest and late fees payable related to
the notes totaling $30,000 are included in the accompanying financial
statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of common stock. The conversion price in effect
on any Conversion Date shall be the lesser of (1) $0.005 or (2) 40% of the
average of the lowest three inter-day sales prices of the common stock during
the twenty Trading Days immediately preceding the applicable conversion date.

The Company also issued common stock purchase warrants for the right to purchase
300,000 shares of common stock of the Company at an exercise price per share
equal to $.01. The estimated fair value of the warrants was zero. Debt issuance
costs of $27,500 were also amortized on a straight-line basis over the term of
the debentures and were fully amortized at December 31, 2003.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $79,190 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.


<PAGE>

In January, 2003 the Company issued three convertible debentures for an
aggregate amount of $250,000, with simple interest accruing at the annual rate
of 10%. The debentures are collateralized by substantially all of the company's
assets. These debentures are in default as they were due January 10, 2004.
Quarterly interest was not paid and accordingly, accrued interest of $61,415 is
included in the financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of common stock. The conversion price in effect
on any Conversion Date shall be the lesser of (1) $0.005 or (2) 40% of the
average of the lowest three inter-day sales prices of the common stock during
the twenty Trading Days immediately preceding the applicable Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
750,000 shares of common stock of the Company at an exercise price per share
equal to $0.01. The estimated fair value of the warrants was zero. Financing
costs incurred of $56,750 were fully amortized at December 31, 2003.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $92,225 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In February, 2003, the Company issued three convertible debentures for an
aggregate amount of $125,000, with simple interest accruing at the annual rate
of 10%. The debentures are collateralized by substantially all of the company's
assets. The debentures are in default as they were due February 27, 2004.
Quarterly interest due was not paid and accordingly accrued interest of $28,125
is included in the financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of common stock. The conversion price in effect
on any Conversion Date shall be the lesser of (1) $0.005 or (2) 40% of the
average of the lowest three inter-day sales prices of the common stock during
the twenty Trading Days immediately preceding the applicable Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
375,000 shares of common stock of the Company at an exercise price per share
equal to $0.01. The estimated fair value of the warrants was zero. Debt issuance
costs of $10,843 were also amortized on a straight-line basis over the term of
the debentures. Amortization expense during 2004 was $24,307 and the costs were
fully amortized as of December31, 2004.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $47,850 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In April, 2003, The Company issued three convertible debentures for an aggregate
amount of $125,000, with simple interest accruing at the annual rate of 10%. The
debentures are collateralized by substantially all of the company's assets. The
debentures are in default as they were due March 31, 2004. Quarterly interest
was not paid and accordingly accrued interest of $15,834 is included in the
financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of common stock. The conversion price in effect
on any Conversion Date shall be the lesser of (1) $0.005 or (2) 40% of the
average of the lowest three inter-day sales prices of the common stock during
the twenty Trading Days immediately preceding the applicable Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
375,000 shares of common stock of the Company at an exercise price per share
equal to $0.01. The estimated fair value of the warrants was zero. Debt issuance
costs of $20,844 were also amortized on a straight-line basis over the term of
the debentures. Amortization expense during 2004 was $38,591 and the costs were
fully amortized as of December31, 2004.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $68,250 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In October, 2003, the Company issued two convertible debentures for an aggregate
amount of $165,000, with simple interest accruing at the annual rate of 12%. The
debentures are collateralized by substantially all of the company's assets. The
debentures are in default as they were due October 1, 2004. Quarterly interest
was not paid and accordingly accrued interest of $25,988 is included in the
financial statements.


<PAGE>

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any Conversion Date shall be the lesser of (1) $.005 or (2)
40% of the average of the lowest three inter-day sales prices of the common
stock during the twenty Trading Days immediately preceding the applicable
Conversion Date.

The debenture holders also received warrants to purchase 1,505,000 shares at an
exercise price of $0.01 per share. The estimated fair value of the warrants was
zero. Amortization expense during 2004 was $147,469 and the costs were fully
amortized as of December31, 2004.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $326,733 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In November, 2003, the Company issued two convertible debentures for an
aggregate amount of $45,000, with simple interest accruing at the annual rate of
10%. The debentures are in default as they were due November 27, 2004. Quarterly
interest was not paid and accordingly accrued interest of $9,453 is included in
the financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any Conversion Date shall be the lesser of (1) $.005 or (2)
40% of the average of the lowest three inter-day sales prices of the common
stock during the twenty Trading Days immediately preceding the applicable
Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
315,000 shares of common stock of the Company at an exercise price per share
equal to $0.01. The estimated fair value of the warrants was zero. .
Amortization expense during 2004 was $47,469 and the costs were fully amortized
as of December31, 2004.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $72,572 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In December, 2003, the Company issued three convertible debentures for an
aggregate amount of $45,000, with simple interest accruing at the annual rate of
12%. The debentures are collateralized by substantially all of the company's
assets. These debentures are in default as they were due by December 3, 2004.
Quarterly interest was not paid and accordingly accrued interest of $5,694 is
included in the financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any Conversion Date shall be the lesser of (1) $.005 or (2)
40% of the average of the lowest three inter-day sales prices of the common
stock during the twenty Trading Days immediately preceding the applicable
Conversion Date.

The Company also issued common stock purchase warrants for the right to purchase
750,000 shares of common stock of the Company at an exercise price per share
equal to $0.01. The estimated fair value of the warrants was zero. .
Amortization expense during 2004 was $42,349 and the costs were fully amortized
as of December31, 2004.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $72,527 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In February, 2004, the Company issued two convertible debentures for an
aggregate amount of $45,000, with simple interest accruing at the annual rate of
12%. The debentures are collateralized by substantially all of the company's
assets. These debentures are due in February, 2005. Quarterly interest was not
paid and accordingly accrued interest of $4,906 is included in the financial
statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any conversion date shall be the lesser of (1) $.005 or (2)
67% of the average of the lowest three inter-day sales prices of the common
stock during the twenty trading days immediately preceding the applicable
conversion date. In addition the debenture holders also received warrants to
purchase 315,000 shares at an exercise price of $0.005 per share anytime before
February 28, 2009. The estimated fair value of the warrants was $504, which was
also recorded as a debt discount. The total debt discount is being amortized on
a straight line basis which approximates the effective interest method, over the
life of the note. $20,317 of this amount was charged to interest expense during
2004. Additional costs of $12,819 incurred with the issuance of the convertible
debentures were recorded as deferred financing cost and are being amortized on a
straight-line basis, which approximates the effective interest method, over the
term of the debentures. Unamortized costs as of December 31, 2004 amounted to
$1,068.


<PAGE>

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $172,265 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In May, 2004, the Company issued four convertible debentures for an aggregate
amount of $250,000, with simple interest accruing at the annual rate of 12%. The
debentures are collateralized by substantially all of the company's assets.
These debentures are due in May 2005. Quarterly interest was not paid and
accordingly accrued interest of $19,555 is included in the financial statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any conversion date shall be the lesser of (1) $.005 or (2)
67% of the average of the lowest three inter-day sales prices of the common
stock during the twenty trading days immediately preceding the applicable
conversion date. In addition the debenture holders also received warrants to
purchase 750,000 shares at an exercise price of $0.005 per share anytime before
May 31, 2009. The estimated fair value of the warrants was $5,175, which was
also recorded as a debt discount. The total debt discount is being amortized on
a straight line basis which approximates the effective interest method, over the
life of the note. $35,911 of this amount was charged to interest expense during
2004.

Additional costs of $55,244 incurred with the issuance of the convertible
debentures were recorded as deferred financing cost and are being amortized on a
straight-line basis, which approximates the effective interest method, over the
term of the debentures. Unamortized costs as of December 31, 2004 amounted to
$36,829.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $327,750 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In November, 2004, the Company issued four convertible debentures for an
aggregate amount of $3,500,000, with simple interest accruing at the annual rate
of 12%. The debentures are collateralized by substantially all of the company's
assets. These debentures are due in November, 2005. Quarterly interest was not
paid and accordingly accrued interest of $36,151 is included in the financial
statements.

The holders have the right to convert the principal amount and interest due
under the debentures into shares of the Company's common stock. The conversion
price in effect on any conversion date shall be the lesser of (1) $.0005 or (2)
67% of the average of the lowest three inter-day sales prices of the common
stock during the twenty trading days immediately preceding the applicable
conversion date.. In addition the debenture holders also received warrants to
purchase 10,500,000 shares at an exercise price of $0.005 per share anytime
before November 30, 2009. The estimated fair value of the warrants was $5,250,
which was also recorded as a debt discount. The total debt discount is being
amortized on a straight line basis which approximates the effective interest
method, over the life of the note.. $71,828 of this amount was charged to
interest expense during 2004

Additional costs of $391,569 with the issuance of the convertible debentures
were recorded as deferred financing cost and are being amortized on a
straight-line basis which approximates the effective interest method, over the
term of the debentures. Unamortized costs as of December 31, 2004 amounted to
$376,509.

In addition, we recorded a derivative liability related to this convertible
debenture. The initial fair market value of the conversion option in the amount
of $2,519,300 was recorded as a debt discount and is being amortized over the
stated maturities of the notes using the effective interest method. The fair
market value of the conversion feature is also shown as a derivative liability
on the company's balance sheet and is being adjusted to fair market value each
reporting period with the change being reported as "other income and expenses"
in the statement of operations.

In 2005 the company converted $643,340 of accrued interest into convertible
debentures. $97,402 was recorded as debt discount. In March 2005, $513,431 was
repaid on convertible debentures.


<PAGE>

Note 5 - Deferred Financing Costs

Deferred financing cost represent cost incurred in connection with the issuance
of the convertible debentures. Deferred financing costs are being amortized over
the life of the convertible debentures on the straight-line basis, which
approximates the effective interest method. In 2005 amortization expense of
$151,815 was recognized and the net financing cost at December 31, 2005 was
$264,438 and respectively at December 31, 2004 amortization expense of $354,870
was recognized and the net financing cost December 31, 2004 was $416,253.

Note 6 - Income Taxes

At December 31, 2005 , the Company had federal net operating loss carryforwards
of approximately $27,144,806 to offset future federal taxable income expiring in
various years through 2025. The Company also has state net operating loss
carryforwards in various states, which approximate the federal amount to offset
future state taxable income expiring in various years, generally 7 to 10 years
following the year the loss was incurred.

The timing and extent in which the Company can utilize future tax deductions in
any year may be limited by provisions of the Internal Revenue Code regarding
changes in ownership of corporations due to certain ownership changes of the
Company.

The differences between income tax provisions in the financial statements and
the tax expense (benefit) computed at the U.S. Federal Statutory rate are as
follows:

Year Ended December 31,
-----------------------
2005 2004
----- -----
Tax provision at the U. S. Federal Statutory rate 34% 34%
Valuation allowance (34)% (34)%
----- -----
Effective tax rates --% --
===== =====


The tax effects of temporary differences that give rise to significant portions
of deferred tax assets at December 31, 2005 follows:

Deferred tax asset
Net approximate operating loss carryforwards $ 5,748,727
Bad debt reserves --
-----------
Deferred tax assets 5,748,727
Valuation allowance (5,748,727)
-----------
Net deferred tax asset $ --


Note 7 - Commitments and Contingencies

Operating Lease

The Company rents office facilities under a rental agreement that is
automatically renewable every four months. The most recent renewal period
expired on December 31, 2005.


<PAGE>

Rental expense under such operating lease was approximately $32,790 and $18,570
during the years ended December 31, 2005 and 2004, respectively.

CGM leases two facilities, one in Somerset NJ and the other in Staten Island New
York under non-cancelable lease agreements that end in December 2007 and
December 2008 respectively.

Rental expense under such operating leases was approximately $81,595 and $81,595
during the years ended December 31, 2005 and 2004, respectively.

Employment Agreements

Anthony R. Shupin, Chairman, President and Chief Executive Officer. Mr. Shupin
was re-appointed as Chairman, President and Chief Executive Officer effective
February, 2005. On February 25, 2005, DDSI entered into a five-year employment
agreement with Mr. Shupin, which entitled him to a base salary of $215,000 per
year, which may at the Board of Directors discretion adjust his base salary (but
not below $215,000 per year). Mr. Shupin is also entitled to participate in the
Annual Management Bonus Plan. As a participant in the Annual Management Bonus
Plan, Mr. Shupin will be eligible to receive bonuses, based on performance, in
any amount from 10% to 200% of the Base Salary. In addition, Mr. Shupin shall
participate in the Management Equity Incentive Plan. As a participant in the
Management Equity Plan, Mr. Shupin will be eligible to receive options, which
vest over a period of time from the date of the option's issue, to purchase
common shares of DDSI. The Company may grant Mr. Shupin, following the first
anniversary of the date hereof and at the sole discretion of the Board of
Directors, options to purchase common shares of the Company (subject to the
vesting and the satisfaction of the other terms and conditions of such options).
Mr. Shupin will be entitled to 25 vacations days per year at such times as may
be mutually agreed with the Board of Directors. DDSI will provide Mr. Shupin a
monthly car allowance of Six Hundred Dollars ($600.00) along with related car
expenses.

Michael J. Pellegrino, Senior Vice President and Chief Financial Officer. Mr.
Pellegrino was appointed as Senior Vice President and Chief Financial Officer
effective February 25, 2005. On February 25, 2005, DDSI entered into a five-year
employment agreement with Mr. Pellegrino, which entitled him to a base salary of
$175,000 per year which may at the Board of Directors discretion adjust his base
salary (but not below $175,000 per year). Mr. Pellegrino is also entitled to
participate in the Annual Management Bonus Plan. As a participant in the Annual
Management Bonus Plan, Mr. Pellegrino will be eligible to receive bonuses, based
on performance, in any amount from 10% to 200% of the Base Salary. In addition,
Mr. Pellegrino shall participate in the Management Equity Incentive Plan. As a
participant in the Management Equity Incentive Plan, Mr. Pellegrino will be
eligible to receive options, which vest over a period of time from the date of
the option's issue, to purchase common shares of DDSI. DDSI may also grant to
the Employee, following the first anniversary of the date of the Agreement and
at the sole discretion of the Board of Directors, options to purchase common
shares of the Company (subject to the vesting and the satisfaction of the other
terms and conditions of such options). Mr. Pellegrino will be entitled to 25
vacation days per year at such times as may be mutually agreed with the Board of
Directors. DDSI shall also furnish Mr. Pellegrino with monthly car allowance of
Six Hundred Dollars ($600.00) and related car expenses.

DDSI has an employment agreement with Erik Hoffer, pursuant to which Mr. Hoffer
will be employed as Executive Vice President of the Company for an initial term
of three years, which may be extended, and President of CGM Sub for an initial
term of one year, which may be renewed for successive one-year terms. Pursuant
to the Employment Agreement, Mr. Hoffer will receive a base salary of $200,000,
a bonus of 5% of the gross margin sales increase over the prior year's gross
margin sales of CGM products and customary benefits and reimbursements.

Note 8 - Stock Option and Other Plans

The Company maintains the 1994 Restated Stock Option Plan (the 1994 Plan)
pursuant to which the Company reserved 5,000,000 shares of common stock. The
options granted have a term of ten years and are issued at or above the fair
market value of the underlying shares on the grant date. The Company also
maintains the 1996 Director Option Plan (the Director Plan) pursuant to which
the Company reserved 200,000 shares of common stock. Options granted under the
Director Plan are issued at or above the fair market value of the underlying
shares on the grant date. A portion of the first option vests at the six-month
anniversary of the date of the grant and continues over a four-year period.
Subsequent options vest on the first anniversary of the grant date. The options
expire ten years from the date of the grant or 90 days after termination of
employment, whichever comes first.

The following is a summary of option activity under all plans:

<TABLE>
<CAPTION>
Weighted
1996 Total Average
Director Number of Exercise
1994 Plan Plan Nonqualified Options Price
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Outstanding at December 31, 2001 918,500 26,312 681,000 1,625,812 $.10 - $3.30
Granted -- -- -- -- --
Expired (693,000) -- (150,000) (843,000) $.10 - $.63
------------ ------------ ------------ ------------ ------------

Outstanding at December 31, 2002 225,500 26,312 531,000 782,812 $.10 - $3.30
Granted -- -- -- -- --
Expired (192,500) (26,312) (531,000) (749,812) $.10 - $3.30
------------ ------------ ------------ ------------ ------------

Outstanding at December 31, 2004 33,000 -- -- 33,000 $.10 - $.365
============ ============ ============ ============ ============

Outstanding at December 31, 2005 33,000 33,000 $.10 - .365
=========== ============ ============ ============ ============
</TABLE>


<PAGE>

At December 31, 2005, the remaining contractual life of outstanding options was
5 years. This is Ok we are going to cancel all options anyway

Net loss and net loss per common share determined as if the Company accounted
for stock options granted under the fair value method of SFAS 123 would result
in the same amounts reported.

Note 9 - Contingency

There were two holders of convertible notes dated December 31, 2001 who could
potentially seek similar damages from the Company. Should they seek these
damages, the Company could incur additional expense of $71,668. Management feels
however, that the likelihood that the other holders will seek the damages is
remote, and therefore, no provision for this expense has been made in the
accompanying financial statements.

On October 16, 2003, a judgment was entered against the Company by its landlord,
BT Lincoln L.P. for breach of lease in the amount of $184,706.76. The Company
intends to negotiate a settlement. The liability, net of the security deposit,
is included in accrued expenses at December 31, 2005 and 2004.

Note 10 - Related Parties

A Director of the Company provided consulting services during 2005 and 2004 that
amounted to $4,000 and $53,000, respectively. As of December 31, 2005, the
Company owes this Director $0.

In 2004, The Company issued 15,000,000 shares of common stock to an Officer of
the Company in repayment of $21,000 that was due the Officer for accrued auto
allowance. The Company also issued 15,000,000 shares of common stock to a
Director of the Company in repayment of $21,000 that was due to the Officer for
accrued consulting fees.

Note 11 - Purchase of CGM Applied Security Technology, Inc.

On March 1, 2005, the Company acquired substantially all of the assets of CGM
Security Solutions, Inc., a Florida corporation ("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 the Company and CGM dated
as of February 25, 2005. In connection with the acquisition, the Company and
CGM, each entered into an employment agreement with Erik Hoffer (the "Employment
Agreement"). CGM is a manufacturer and distributor of barrier security seals,
security tapes and related packaging security systems, protective security
products for palletized cargo, physical security systems for tractors, trailers
and containers.

The principal amount of the Note is subject to adjustment based upon the average
of (i) the gross revenues of CGM 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
(i) $0.0005 or (ii) 40% of the average of the three lowest intraday trading
prices for the Company's common stock during the 20 trading days before, but not
including, the conversion date. In addition, the exercise price of the warrants
held by the Investors was amended to $.001 per share.


<PAGE>

Note 12 - Going Concern

The accompanying consolidated financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America, which contemplates continuation of the Company as a going concern. The
Company has sustained operating losses and has accumulated large deficits for
the years ended December 31, 2005 and 2004. These factors raise substantial
doubt about its ability to continue as a going concern.

Management has formulated and is in the process of implementing its business
plan intended to develop steady revenues and income, as well as reducing
expenses in the areas of operations. This plan includes the following management
objectives:

o Soliciting new customers in the U.S.

o Expanding sales in the international market

o Expanding sales through E-commerce

o Adding new distributor both in the U.S and internationally

o The introduction of new products into the market

o Seeking out possible merger candidates

Presently, the Company cannot ascertain the eventual success of management's
plan with any degree of certainty. The accompanying consolidated financial
statements do not include any adjustments that might result from the eventual
outcome of the risks and uncertainties described above.

Note 13 - Restatement , 2004 and 2003

We have restated the Financial Statements for the fiscal year ended December 31,
2004 and 2003 and for the years then ended. Based upon the guidance in SFAS133
and EITF00-19, the Company concluded that the conversion features of it
convertible debentures were required to be accounted for as derivatives. The
imbedded derivative feature was bi-furcated and the fair market value was
determined using a convertible bond valuation model. The derivative instruments
are recorded at fair market value with changes in value recognized during the
period of change.

The impact on the financial statements is summarized below.

<TABLE>
<CAPTION>
December 31, 2003

As Reported As Restated
-----------------------------
<S> <C> <C>
Debt discount and deferred financing costs, net $ 300,430 $ 300,430
Total Assets 553,946 553,946
Accumulated deficit (20,348,961) (21,173,453)
Total Liabilities and Shareholders Impairment 553,946 553,946

Interest and amortization of deferred debt costs 911,929 2,770,123
Total Expenses 1,957,507 4,686,884
Net Loss (1,306,857) (3,165,051)

Net loss per share (.01) (.03)
</TABLE>


<PAGE>

<TABLE>
<CAPTION>
December 31, 2004

As Reported As Restated
-----------------------------
<S> <C> <C>
Debt discount and deferred financing costs, net $ 422,946 416,253
Total Assets 3,573,541 3,566,848
Accumulated deficit (23,062,433) (23,195,785)
Total Liabilities and Shareholders Impairment 3,573,541 3,566,848

Interest and amortization of deferred debt costs 2,530,210 1,839,060
Total Expenses 3,125,534 1,895,187
Net Loss (2,713,482) (2,022,332)

Net loss per share (.02) (.01)
</TABLE>

Note 14 - Restatement 2005

The company is filing this amendment to restate the year ended December 31, 2005
financial statements. These changes have been made to the financial statements.
The company is increasing its (net loss) by ($1,639,849). The company originally
did not amortize the debt discount correctly which has now been corrected. This
adjustment was for $1,285,828. Additionally the company corrected a misposting
in its books of $354,021 from change in accrued interest to interest expense.
These errors were found through the company's internal controls and procedures.

As Reported As Restated
---------------------------

Total Assets 6,212,339 6,212,339
Accrued Interest 814,408 1,168,429
Convertible debenture, net of debt discount 1,727,210 2,881,888
Total Current Liabilites 9,912,338 11,421.037
Long Term
Convertible debenture, net of debt discount 1,506,629 1,637,779
Total Liabilities 14,918,967 16,558,816

Accumulated deficit (25,504,957) (27,144,806)
Total Shareholders Impairment (8,706,628) (10,346,477)
Total Liabilities and Shareholders Impairment 6,212,339 6,212,339

Interest (1,472,941) (1,826,962)
Amortization of debt discount (428,566) (1,714,394)
Total Other Income and (Expenses) (2,089,006) (3,728,855)
Net Loss (2,309,172) (3,949,021)

Net loss per share (.00) (.00)

Note 15 - Restatement 2004 -Year-End and Quarterly

We have restated the Financial Statements for the fiscal year ended December 31,
2004 and each of the 2004 quarter as a result of changes made to the
amortization period for the intrinsic value of the beneficial conversion feature
of notes payable, as discussed further in Note 4. Also, Note 4 has been expanded
to more fully describe the terms and conditions of these convertible debentures.


<PAGE>

The intrinsic value of the beneficial conversion feature of the notes was
previously recorded as interest expense of $1,869,179 during 2004. This amount
has been reclassified as a debt discount and is being amortized over the life of
the notes. $128,056 of this amount was then expensed in 2004.

The impact of this adjustment on the financial statement as originally reported
is summarized below:

--------------------------------------------------------------------------------
December 31, 2004

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 422,946 416,253
Total Assets 3,573,541 3,566,848
Accumulated deficit (23,062,433) (23,195,785)
Total Liabilities and Shareholders Impairment 3,573,541 3,566,848

Interest and amortization of deferred debt costs 2,530,210 1,839,060
Total Expenses 3,125,534 1,895,187
Net Loss (2,713,482) (2,022,332)

Net loss per share (.02) (.01)
--------------------------------------------------------------------------------

For the quarter ending March 31, 2004 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$643,975 . This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $108,878 of this amount was then expensed
for the three months ended March 31, 2004.

The impact of this adjustment on the financial statement as originally reported
is summarized below:

--------------------------------------------------------------------------------
March 31, 2004

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 212,006 $ 50,476
Total Assets 409,662 248,132
Accumulated deficit (20,601,297) (23,162,972)
Total Liabilities and Shareholders Impairment 409,662 248,132

Interest and amortization of deferred debt costs 211,445 203,523
Change in Fair Market Value of Derivative Liability -- 1,745,105
Total Expenses 350,490 2,087,673
Net Loss (252,336) (1,989,519)

Net loss per share (.00) (.00)
--------------------------------------------------------------------------------


For the quarter ending June 30, 2004 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$817,610. This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $154,116 of this amount was then expensed
in for the three months ended June 30 2004.

The impact of this adjustment on the financial statement as originally reported
is summarized below:


<PAGE>

--------------------------------------------------------------------------------
June 30, 2004

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 380,169 $ 78,162
Total Assets 650,872 348,865
Accumulated deficit (20,891,442) (29,109,628)
Total Liabilities and Shareholders Impairment 650,872 348,865

Interest and amortization of deferred debt costs 210,090 264,580
Change in Fair Market Value of Derivative Liability -- 3,612,502
Total Expenses 364,216 6,118,881
Net Loss (290,145) (5,946,656)

Net loss per share (.00) (.00)
--------------------------------------------------------------------------------

For the quarter ending September 30, 2004 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$636,182. This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $181,428 of this amount was then expensed
in for the three months ended September 30 2004.

The impact of this adjustment on the financial statement as originally reported
is summarized below:

--------------------------------------------------------------------------------
September 30, 2004

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 279,610 $ 56,802
Total Assets 460,550 237,742
Accumulated deficit (21,065,673) (22,539,211)
Total Liabilities and Shareholders Impairment 460,550 237,742

Interest and amortization of deferred debt costs 173,259 290,508
Change in Fair Market Value of Derivative Liability -- (5,581,572)
Total Expenses 247,329 (5,390,253)
Net Income (Loss) (174,231) 6,570,417

Net Income(Loss)per share (.00) .04
--------------------------------------------------------------------------------

Note 16 - Restatement 2005 -Quarterly

For the quarter ending March 31, 2005 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$2,428,319 . This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $440,755 of this amount was then expensed
for the three months ended March 31, 2005.

The impact of this adjustment on the financial statement as originally reported
is summarized below:


<PAGE>

--------------------------------------------------------------------------------
March 31, 2005

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 889,544 $ 376,113
Total Assets 6,899,025 6,385,594
Accumulated deficit (21,964,299) (24,947,486)
Total Liabilities and Shareholders Impairment 6,899,025 6,385,594

Interest and amortization of deferred debt costs 457,531 935,511
Change in Fair Market Value of Derivative Liability -- 630,702
Total Expenses 747,192 1,855,874
Net Loss (643,019) (1,751,701)

Net loss per Share (.00) (.00)
--------------------------------------------------------------------------------

For the quarter ending June 30, 2005 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$1,825,345. This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $602,975 of this amount was then expensed
in for the three months ended June 30 2005.

The impact of this adjustment on the financial statement as originally reported
is summarized below:

--------------------------------------------------------------------------------
June 30, 2005

As Reported As Restated
--------------------------
Debt discount and deferred financing costs, net $ 809,533 $ 338,888
Total Assets 6,599,160 6,128,515
Accumulated deficit (22,615,854) (26,755,606)
Total Liabilities and Shareholders Impairment 6,599,160 6,128,515

Interest and amortization of deferred debt costs 437,433 901,701
Change in Fair Market Value of Derivative Liability -- 655,070
Total Expenses 1,097,610 2,500,925
Net Loss (651,557) (1,808,120)

Net loss per Share (.00) (.00)
--------------------------------------------------------------------------------

For the quarter ending September 30, 2005 the intrinsic value of the beneficial
conversion feature of the notes was previously recorded as interest expense of
$1,469,594. This amount has been reclassified as a debt discount and is being
amortized over the life of the notes. $355,752 of this amount was then expensed
in for the three months ended September 30 2005.

The impact of this adjustment on the financial statement as originally reported
is summarized below:

--------------------------------------------------------------------------------
September 30, 2005

As Reported As Restated
---------------------------
Debt discount and deferred financing costs, net $ 729,522 $ 301,663
Total Assets 6,764,112 6,336,253
Accumulated deficit (23,060,364) (26,111,344)
Total Liabilities and Shareholders Impairment 6,764,112 6,336,253

Interest and amortization of deferred debt costs 539,566 362,935
Change in Fair Market Value of Derivative Liability -- (1,311,762)
Total (Income)Expenses 1,242,794 (685,470)
Net Income(Loss) (444,509) 644,262

Net loss per Share (.00) (.00)
--------------------------------------------------------------------------------

</TEXT>
</DOCUMENT>

DIGITAL DESCRIPTOR SYSTEMS, INC.

OFFICER'S CERTIFICATE PURSUANT TO SECTION 302

I, Anthony Shupin, the Chairman, President, and Chief Executive Officer, of
Digital Descriptor Systems, Inc., certify that:

1) I have reviewed this Form 10-KSB of Digital Descriptor Systems, Inc. for the
fiscal year ended December 31, 2005:

2) Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the small business
issuer as of, and for, the periods presented in this report;

4) The small business issuer's other certifying officer(s) and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e for the small business issuer and
have:

(a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the small business issuer is made known to us
by other within those entities, particularly during the period in which this
report is being prepared;

(b) Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in the small business issuer's internal
control over financial reporting that occurred during the small business
issuer's most recent fiscal quarter (the small business issuer's fourth fiscal
quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

5) The small business issuer's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the small business issuer's auditors and the audit committee of
the small business issuer's board of directors (or persons performing the
equivalent functions):

(a) All significant deficiencies and material weaknesses in the design of
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the small business issuer's internal
control over financial reporting.


Date: September 12, 2006


/s/ Anthony Shupin
----------------------------------------
Anthony Shupin

</TEXT>
</DOCUMENT>

DIGITAL DESCRIPTOR SYSTEMS, INC.

OFFICER'S CERTIFICATE PURSUANT TO SECTION 302

I, Michael Pellegrino, the Chief Financial Officer, of Digital Descriptor
Systems, Inc., certify that:

(1) I have reviewed this Form 10-KSB of Digital Descriptor Systems, Inc. for the
fiscal year ended December 31, 2005;

(2) Based on my knowledge, this report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the small business
issuer as of, and for, the periods presented in this report;

(4) The small business issuer's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e for the small business
issuer and have:

a. Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the small business issuer is made known to us
by other within those entities, particularly during the period in which this
report is being prepared;

b. Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

c. Disclosed in this report any change in the small business issuer's internal
control over financial reporting that occurred during the small business
issuer's most recent fiscal quarter (the small business issuer's fourth fiscal
quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

(5) The small business issuer's other certifying officer(s) and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the small business issuer's auditors and the audit
committee of the small business issuer's board of directors (or persons
performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design of
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the small business issuer's internal
control over financial reporting.


Date: September 12, 2006


/s/ Michael Pellegrino
----------------------------------------
Michael Pellegrino

</TEXT>
</DOCUMENT>

DIGITAL DESCRIPTOR SYSTEMS, INC.

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Digital Descriptor Systems, Inc. (the
"Company") on Form 10-KS for the period ended December 31, 2005 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"), I,
Anthony Shupin, Chairman, President, and Chief Executive Officer, of the
Company, certify, pursuant to 18 U.S.C.ss.1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Annual Report on Form 10-KSB of the Company fully complies with the
requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been
provided to Digital Descriptor Systems, Inc. and will be retained by Digital
Descriptor Systems, Inc. and furnished to the Securities and Exchange Commission
or its staff upon request.


Date: September 12, 2006


/s/ Anthony Shupin
----------------------------------------
Anthony Shupin
</TEXT>
</DOCUMENT>

DIGITAL DESCRIPTOR SYSTEMS, INC.

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Digital Descriptor Systems, Inc. (the
"Company") on Form 10-KSB for the period ended December 31, 2005 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"), I,
Michael Pellegrino, Chief Financial Officer, of the Company, certify, pursuant
to 18 U.S.C.ss.1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, that:

(1) The Annual Report on Form 10-KSB of the Company fully complies with the
requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

(2) The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been
provided to Digital Descriptor Systems, Inc. and will be retained by Digital
Descriptor Systems, Inc. and furnished to the Securities and Exchange Commission
or its staff upon request.


Date: September 12, 2006


/s/ Michael Pellegrino
----------------------------------------
Michael Pellegrino
 

---

Posted by atleast on :
 
came on my streamer - sorry, did not see that is for Dec 31st
 

---

Posted by gatorhistory on :
 
holy long post batman!
 

---

Posted by Soylent Green on :
 
Strange final two minutes........
 

---

Posted by quickpicker on :
 
.0009 what's up with that
 

---

Posted by quickpicker on :
 
looked good for a moment didn't it
 

---

Posted by JIF on :
 
I just got back to my office. For about a minute I had a new porsche in my driveway. Then, it was gone. All that was left was a tire mark over my shoe.

Did we just see .0009 or was that a fat finger trade? Somebody talk to me!
 

---

Posted by quickpicker on :
 
i saw it. I tried to sell a few million at .0009 but no go.
 

---

Posted by MoneyMoneyMoney on :
 
yea, but now they will paint the charts with it and thats bull****!!!
 

---

Posted by JIF on :
 
I wonder if a .0002 sell order would have executed.

I also wonder what caused the spike. I can't imagine what it was.

If it was a fat finger trade; you would expect someone to fat finger a buy limit order at .0001 but accidently buy at .001. That would make it spike......but it went to .0009 not to .001? What's that about?
 

---

Posted by jon clogger on :
 
My boss just asked me for overtime and I told him my friend DDSI said "no."
 

---

Posted by jon clogger on :
 
How big was the .0009 order?
 

---

Posted by gatorhistory on :
 
last few minutes of trading:

Time & Sales
Price Size Exch Time
0.0001 2825000 OTO 16:03:28
0.0009 2825000 OTO 15:59:54
0.0001 9000000 OTO 15:59:15
0.0001 1000000 OTO 15:59:15
0.0001 9000000 OTO 15:59:14
0.0001 1000000 OTO 15:59:05
0.0001 990000 OTO 15:58:42
0.0002 1000 OTO 15:58:24
0.00 3000000 OTO 15:58:14
 

---

Posted by quickpicker on :
 
thats a strange # of shares and your right even more odd that its not .001 rather than .0009
 

---

Posted by MoneyMoneyMoney on :
 
i've never seen a stock do the things its made to do. i see NO trades at .0009 at all on my L2's. I'm not sure whats going on but I would sure the hell like to know. I'm 4k down hoping for a turnaround someday....
I don't like it that the charts will say .0009 for high of day when there was no way in hell it traded anywhere in between or at that...
 

---

Posted by gatorhistory on :
 
yup....hard to fat finger .0002 or .0001 in to .0009 - not even close. I would sooner believe the fat finger at .001

it appears whoever is doing the trading today is quite confused:

Time & Sales
Price Size Exch Time
0.0001 2825000 OTO 16:07:32
0.0009 0 OTO 16:07:10
0.0001 2825000 OTO 16:03:28
0.0009 2825000 OTO 15:59:54
0.0001 9000000 OTO 15:59:15
0.0001 1000000 OTO 15:59:15
0.0001 9000000 OTO 15:59:14
0.0001 1000000 OTO 15:59:05
0.0001 990000 OTO 15:58:42
0.0002 1000 OTO 15:58:24
0.00 3000000 OTO 15:58:14
 

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Posted by Wino Ph.D. on :
 
Maybe someone meant 0.00009. Can the MMs trade shares below 0.0001?
 

---

Posted by MoneyMoneyMoney on :