Subject: Press release 2 of 2
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File: Attachment NR (Close Loan Ag and Warrants) Oct 15 2024.pdf
DCS CLOSES LOAN AGREEMENTS AND ISSUES 50,000 SHARE PURCHASE WARRANTS
San Diego, California October 15, 2024 Direct Communication Solutions, Inc. ("DCS") (OTCQX: DCSX)
(CSE: DCSI) (FSE: 7QU), a leading provider of information technology solutions for the Internet of Things
(IoT) market, announces that further to its news release dated September 4, 2024, it has completed and
closed four loan agreements (the "Loan Agreements") with several creditors (the "Creditors") for an
aggregate principal amount of US$350,000 (CDN$480,150) with interest charges of 19% and 15% per
annum on the principal.
Further, as an additional consideration for agreeing to fund the proceeds of the Loan Agreements, DCS
has granted 50,000 warrants (each, a "Warrant") to the Creditors to purchase up to 50,000 shares of
common stock of DCS where each Warrant will entitle the holder to purchase one share of common stock
of DCS for 24 months from the date of issuance of the Warrants at an exercise price of CDN$2.00
(US$1.48).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such state
or jurisdiction.
About Direct Communication Solutions, Inc.
DCSI 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. DCSI 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. DCSI and the DCSI logo are among the
trademarks of DCSI in the United States. Any other trademarks or trade names mentioned are the
property of their respective owners.
Contacts:
Bill Espley, Director
bespley@dcsbusiness.com
604-630-3072
Julie Hajduk, Director
julie@purplecrown.ca
778-240-7077
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, 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.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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