Subject: Direct Communication Solutions - News Release
PDF Document
File: Attachment 2026-11-06 - DCS - CEO and Co-CEO news release.pdf
Resignation of CEO/CFO and the Appointment of New Co-CEO's/ Interim CFO
SAN DIEGO, CA November 6, 2026 DCS (CSE: DCSI) (FSE:7QU) a leading provider of information technology
solutions for the Internet of Things (IoT) market, announced today that Mr. William F. Espley has tendered his
resignation as Chief Executive Officer (CEO), effective November 5, 2026. Mr. Espley will remain as Chairman of
the Board of Directors of the company.
DCS has appointed Mr. Dave Scowby and Mr. Brent Fraser as the new Co- Chief Executive Officers (CEO),
effective November 5, 2026. Mr. Scowby has already served in a management role since 2013 and as Chief
Operating Officer (COO) of DCS since October 2018. His experience spans technology, transportation, logistics
and business management. Dave holds a B.S.E in engineering and Operations Research Management and a
Certificate in Architectural Design from Princeton University. Mr. Brent Fraser is a Director of DCS and is an
owner and operator of 2 successful companies.
DCS would also like to announce today the resignation of Chief Financial Officer (CFO) Ms. Ying Xu and the
appointment of Ms. Xingxing Zhang as interim CFO. Ms. Xingxing has over 13 years of experience and has
worked with Ms. Ying Xu closely in the past.
"We are excited to have Ms. Xingxing take on the interim CFO position at this time," said Bill Espley, Chairman of
the Board, "These changes to management will be an excellent new path forward to achieving excellence in the
marketplace."
About DCS
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
Canadian Securities Exchange ("DCSI"). For more information, visit www.dcsbusiness.com. DCS and the DCS logo
are among the trademarks of Direct Communication Solutions in the United States. Any other trademarks or
trade names mentioned are the property of their respective owners.
Contacts:
Brent Fraser, Director
bfraser@dcsbusiness.com
858-798-7100
Forward-Looking Statements
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, 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.sedarplus.ca and News Service. DCS undertakes no duty
to update or revise any forward looking statements. Neither CSE nor its Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.
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