Development Capital Group, Inc. (OTC: DLPM) Names New Executives

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Feb 24, 2015, 08:00 ET

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
[email protected]

SOURCE Development Capital Group, Inc.