21:25:25 EDT Fri 11 Jul 2025
Enter Symbol
or Name
USA
CA



Direct Communication Solutions Inc (2)
Symbol DCSI
Shares Issued 2,345,079
Close 2025-05-22 C$ 3.12
Market Cap C$ 7,316,646
Recent Sedar Documents

Direct Communication CEO to sell up to 928,571 shares

2025-05-27 19:10 ET - News Release

Mr. Chris Bursey reports

CONTROL BLOCK SALE AND KL RESIGNATION

Regarding a sale of a control block by Chris Bursey, the founder, chief executive officer and director of the board of Direct Communication Solutions Inc., Mr. Bursey has filed a notice of intention to distribute securities in connection with his proposed sale of up to 928,571 shares of common stock of the company (representing 39.6 per cent of the issued and outstanding shares of common stock). The shares of common stock are expected to be sold or transferred privately. If the maximum number of shares covered by his notice of intention are ultimately sold, and assuming no other variation of his current share ownership, Mr. Bursey will no longer hold any shares except that Mr. Bursey may acquire further shares pursuant to future market purchases and shares issued pursuant to the company's securities-based compensation plan. Mr. Bursey may, depending on market and other conditions, increase or decrease his securityholdings in the company from time to time as he may determine appropriate for investment purposes. A copy of the notice of intention to distribute securities (Form 45-102F1) filed by Mr. Bursey is available under the company's SEDAR+ profile. There is no assurance as to the timing of the proposed sales contemplated in the notice, and any such proposed sales may not occur.

The company further announces, effective May 19, 2025, the resignation of Konstantin Lichtenwald as the chief financial officer and the termination of its agreement with Zeus Capital Ltd., of which Mr. Lichtenwald is the principal and which company provided its assistance with the company's listings applications on various foreign exchanges. The company wishes him continued success in his future endeavours. Mr. Bursey shall be the acting CFO until a replacement is appointed by the board of directors.

About Direct Communication Solutions Inc.

Direct Communication is a technology solution integrator focusing on connecting the Internet of Things. It provides real solutions that solve real problems. Its software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication is headquartered in San Diego, Calif., and trades on the Canadian Securities Exchange (DCSI) and the Frankfurt Stock Exchange (7QU).

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