DCS Strengthens the Board and Audit Committee to be NASDAQ Compliant
San Diego, California--(Newsfile Corp. - July 29, 2022) - DCS (OTCQX: DCSX) (CSE: DCSI) (FSE: 7QU), a leading provider of information technology solutions for the Internet of Things (IoT) market, announced today that Ms. Julie Hajduk and Mr. David Diamond have been appointed as members of its Board of Directors.
Ms. Hajduk will replace Mr. Konstantin Lichtenwald, who tendered his resignation as a director to focus on his role as the Chief Financial Officer (CFO) of the Company, effective July 28th, 2022.
Mr. Diamond will replace Mr. John Hubler, who tendered his resignation as a director of the Company to take on the role of Chair of the Technology Advisory Board, effective July 28th, 2022.
Mr. Diamond will also take on the role of Chair of the Audit Committee.
Mr. Lichtenwald and Mr. Hubler fully intend to continue working with the Company in their roles. With the above changes, DCS is progressing to meet the NASDAQ listing requirements.
Ms. Hajduk is a multifaceted investor relations specialist with over 20 years' experience working in the junior mining sector with Vancouver-based resource companies as well as US based companies. Julie has previously served on the Board for several public companies. Ms. Hajduk has successfully raised seed, non-brokered and brokered capital for her clients using her broad contact base that includes a particular emphasis on the retail market. Today, she is the President and CEO of Li-FT Power, a precious metal exploration company engaged in the acquisition, exploration, and development of mineral properties, specifically lithium pegmatite projects located in Canada.
Mr. David Diamond is a results-oriented leader providing strategic guidance and operational oversight to CEOs and Board Directors. He is currently a Managing Director of CBIZ, and Lead Independent Director and Audit Committee Chair for RenovoRX. David has significant experience assisting management teams and board directors with capital financing and strategic business planning especially IPOs, exit strategies, and complex business challenges nationally and internationally. David has built strong relationships with Wall Street Bankers and has a track record of making introductions that have resulted in millions of dollars in corporate financing. His record of success is built on 30+ years of experience in both public accounting and industry. He is an active CPA and a former auditor. David is current on FASBs and changes in the accounting industry. David successfully grew two local CPA firms in San Diego and sold them to national CPA firms.
"We are delighted to welcome Julie and David to the Board of Directors while continuing to work with Konstantin and John going forward," said Chris Bursey, CEO and Chairman of the Board "achieving Board Diversity and majority of Independent Directors has been our intention as part of meeting NASDAQ listing requirements."
DCS is a technology solutions integrator focusing on connecting the Internet of Things. We provide real solutions that solve real problems. Our software applications and scalable cloud services collect and assess business-critical data from all types of assets. DCS is headquartered
in San Diego, California and is publicly traded on the OTCQX ("DCSX"), Canadian Securities Exchange ("DCSI") and Frankfurt Stock Exchange ("7QU"). For more information, visit www.dcsbusiness.com DCS and the DCS logo are among the trademarks of DCS in the United States. Any other trademarks or trade names mentioned are the property of their respective owners.
This release contains forward-looking statements, which reflect management's current views of future events and operations. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. We believe that these potential risks and uncertainties include, without limitation: the ongoing COVID-19 pandemic, the Company's dependence on third-party manufacturers, suppliers, technologies and infrastructure; risks related to intellectual property; industry risks including competition, online security, government regulation and global economic conditions; and the Company's financial position and need for additional funding, Statements in this release should be evaluated in light of these factors. These risk factors and other important factors that could affect our business and financial results are discussed in our Management's Discussion and Analysis, periodic reports and other public filings which are available on SEDAR at www.sedar.com and posted with the OTC Disclosure and News Service. DCS undertakes no duty to update or revise any forward-looking statements.
Bill Espley, Director
Chris Bursey, CEO
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