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Press release from Marketwire

DirectCash Payments Inc. Announces Appointment of New Chief Financial Officer

Friday, June 03, 2011

DirectCash Payments Inc. Announces Appointment of New Chief Financial Officer16:00 EDT Friday, June 03, 2011CALGARY, ALBERTA--(Marketwire - June 3, 2011) - DirectCash Payments Inc. (TSX:DCI) ("DCPayments" or the "Company") announces it has entered into an employment agreement with Mr. Brian Kathol, C.A. pursuant to which Mr. Kathol will commence employment June 6, 2011. Mr. Kathol's duties will include acting as CFO for DirectCash Payments Inc., as well as the various other limited partnerships, partnerships, corporations, and subsidiaries that are part of the DirectCash group (collectively referred to as "DirectCash"). Claudette M. Dick will return to the position of Vice President of Finance at DirectCash. Ms. Dick continues to be an integral part of the DirectCash management team and in resuming her previous role will be able to assist with the transition to Mr. Kathol in the position of CFO and to contribute to the long term success of DirectCash with her valuable skill set. Mr. Kathol brings with him recent experience as Vice President of Technologies (from 2007 to 2010) and prior as Vice President of Finance and Administration (from 2004 to 2007) at Enersul Inc., a private sulphur processing corporation. Mr. Kathol also brings with him over 25 years of experience in accounting, corporate finance, financial management and business analysis which he gained through various positions held in leading finance teams in public and private corporations.Mr. Kathol received both a Bachelor of Arts and a Bachelor of Commerce degree from the University of Alberta in 1981 and 1984 respectively. Mr. Kathol obtained a Chartered Accountant designation from the Canadian Institute of Chartered Accountants in 1988.Starting June 6, 2011, Mr. Kathol's contact information will be as follows:Brian Kathol Chief Financial Officer DirectCash Payments Inc. Direct: (403) 387-2103 e-mail: bkathol@directcash.netDirectCash Business DirectCash is the largest branded ATM provider in Canada, operating under the trade name DirectCash ATM, and is one of the leading providers of branded non-financial institution debit terminals and prepaid card products. Additional information about the Company is available on SEDAR (www.sedar.com) or the Company's website at www.directcash.net. FOR FURTHER INFORMATION PLEASE CONTACT: Jeffrey J. SmithThe officer who may be contacted for further information is:President, C.E.O. & DirectorDirectCash Payments Inc.(403) 387-2101jeff@directcash.netORInvestor RelationsAmanda J. GallacherDirectCash Payments Inc.(403) 387-2158amanda@directcash.netwww.directcash.net