CARLSBAD, Calif., Feb. 24, 2015 /PRNewswire/ -- DEVELOPMENT CAPITAL
GROUP, INC. (OTC: DLPM, "the Company") is pleased to announce the
appointment of two new Executives and Director as outlined in the
8K filing of January 14, 2015.
DLPM welcomes Meghan Muir as a
Director and Vice President; and Ray
Reyes as President. Effective January 9th, 2015, CEO and Chairman of the Board
Shahbod Rastegar resigned from all officer and director positions
of the Company and its subsidiary Clearance.co.
Ms. Muir, 36, joins Clearance.co as Vice President, specializing
in online credit card processing and product sourcing, as well as
managing all avenues of customer service. From 2002 through 2011
Meghan held a position as a Real Estate Sales Agent for Centennial
Real Estate, a residential Real Estate Company specializing in
residential property sales in the state of Nevada. Meghan worked with clients on both the
buying and selling side of residential real estate. From 2012 to
2013 Meghan held the position of Merchant Account Acquisitions
Manager for Crunchtime, a Business Management Company. In this role
Meghan engaged in many functions such as reviewing client business
websites for approval specific to genre of business, corporation
creation and structure, organizing and overseeing all due diligence
of client documents for merchant account submittal to the bank, and
working directly with the gateways to code the business for
appropriate fraud controls. Since 2014 Meghan held the
position of Merchant Account Acquisition Manager with Pure Web Pay,
a company that specializes in online credit card processing and
merchant account services. Meghan managed and oversaw all Pure Web
Pay clients; corporation creation, website design, third party
accounts, bank submittal, gateways and accounting of merchant bank
accounts. She also worked directly with bank risk departments and
managed clients as a full service program offered by Pure Web Pay.
Meghan holds a Bachelor's Degree in Communications from
San Diego State University.
Mr. Reyes, 31, is a 14-year veteran of advertisement design and
web technologies. Ray launched his career in Orange County, CA. He then transitioned to
San Diego, CA to achieve a greater
web marketing and social presence within the local community. Since
2008 Ray has held multiple positions with Crunchtime in
San Diego, CA, a Business
Management Company. From 2008 through 2010 Ray worked as a Front
End Developer and Senior Art Director for Crunchtime. In this role
Ray conceptualized marketing ideas, and built advertising
materials, supervised design staff and overlooked the overall style
of advertising campaigns. From 2010 through 2012, he was a Project
Manager. In this role Ray collaborated with the CEO and department
heads to lead, plan and prioritize projects. He also monitored and
reported progress, identified problems, and created solutions in
various department scenarios. Since 2012 Ray has held the position
of Email Operations Director. Ray has excelled in managing a
department of graphic designers, email marketers, software
engineers and front-end developers to run email operations and
various online subscription-based websites. Ray also managed
traffic streams and over-looked customer engagement and revenue
while managing a large group of internal resources dedicated to
email and online revenue streams.
Director, Jonathan Lindsay said
of the recent appointments, "It is truly an honor to have the
caliber of expertise that Ms. Muir and Mr. Reyes bring to the
Company. DLPM has brought on a new management team with a proven
track record of success to focus on streamlining business
processes, increasing customer retention, and improving product
quality."
About Development Capital Group, Inc.
Development Capital Group, Inc. (OTC: DLPM) develops businesses
and technologies with significant potential for growth and customer
acquisition. Development Capital Group, Inc. identifies and invests
in early-stage technology companies that have the potential to
disrupt traditional industries and transform markets. With
experience building successful businesses, we expect our team to
help companies who either have undervalued assets or whose existing
businesses require capital investment in order to achieve scale.
For more information visit www.DevelopmentCapital.com
About Clearance.co
Clearance.co is revolutionizing the shopping experience by
bringing customers the finest quality, the best selection, the best
service, and the lowest priced merchandise. Working directly
with Manufacturers and Distributors, Clearance.co is an online
destination for closeout and clearance products and genuinely
helpful customer service. Clearance.co is headquartered in
Carlsbad, California. For
more information visit www.clearance.co
Safe Harbor Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding the Company's results of operation, financial
position and long-term strategies. These forward-looking statements
involve risks and uncertainties that include, among others, risks
related to competition, management of growth, new products,
services and technologies, potential fluctuations in operating
results, international expansion, commercial agreements,
acquisitions and strategic transactions, and fraud. More
information about factors that potentially could affect the
Company's financial results are included in the Company's filings
with the Securities and Exchange Commission, including its most
recent Annual Report on Form 10-Q or 10-K and subsequent
filings.
Contact information
Corporate Offices:
Development Capital Group, Inc.
1932 Kellogg Ave
Carlsbad, CA 92008
http://www.DevelopmentCapital.com
Investor Relations:
+1-800-305-7090
ir@DLPMinc.com
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SOURCE Development Capital Group, Inc.