TORONTO, ONTARIO--(Marketwired - Apr 8, 2013) - Difference Capital Funding Inc. ("DCF") (TSX VENTURE:DCF) is pleased to announce that Difference Capital Management Inc. ("Difference Capital") has appointed Tom Astle as Head of Research, effective immediately. In his role at Difference Capital, Mr. Astle will assist in the evaluation of companies for investment by DCF, produce thought pieces on investment themes and technology sectors, and periodically update DCF's shareholders on its investee companies.
Mr. Astle has over 20 years of experience in equity research and has been a leading technology analyst for over a decade. Prior to joining Difference Capital, he worked at independent investment dealers for six years where he ran research departments that were recognized with several awards for their tech company choices.
As a technology analyst, Mr. Astle headed up top ranked teams at major firms including Merrill Lynch and National Bank Financial. At Merrill Lynch, he led a global team that spanned three continents. Mr. Astle was consistently ranked the top analyst in his sector for many years by Brendan Woods, and he and his team were consistently highly ranked in global analyst surveys. He has covered many Canadian and U.S. technology stocks over his career and presided over several of the key cycles in that sector. While his core expertise was in Technology Hardware, Software and Communications Equipment, Mr. Astle has also covered CleanTech and Industrial Growth sectors during his career. Mr. Astle is a Chartered Financial Analyst (CFA) and holds the Professional Engineer (P.Eng.) designation.
"Tom is a great addition to Difference Capital," said Michael Wekerle, Executive Chairman. "Tom's 20 years of top quality fundamental analysis provides Difference with another complementary skill set to our team. His ability to identify opportunities and understand the value of technology and knowledge-based companies will contribute to the long term success of DCF. Tom has proven that he can discover value and he has also managed and grown high quality research teams. We look forward to Tom applying his skills at Difference Capital."
"I am very excited to join Difference Capital and help build one of Canada's leading merchant banks focused on the growth sectors. The quality of the team and the timing of the opportunity couldn't be better," said Tom Astle.
About Difference Capital Funding Inc.
Difference Capital Funding Inc. is a publicly listed merchant bank focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology and media sectors, as well as opportunistic investments in undervalued financial assets and real property.
For further information on DCF, its management, board and portfolio of investee companies, please visit www.differencecapital.com.
About Difference Capital Inc.
Difference Capital Inc. is a Toronto based investment firm founded by Michael Wekerle, Paul Sparkes, Henry Kneis and Neil Johnson. Difference Capital Inc. is the parent company of Difference Capital Management Inc., the manager of Difference Capital Funding Inc. (TSX VENTURE:DCF).
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the DCF business, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding achieving investment objectives, economic factors and the equity markets generally and many other factors beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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