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Press Releases


Reprints Desk Parent Company Derycz Scientific Appoints Independent Members to Its Board of Directors

November 15, 2010

Derycz Scientific, Inc.

SANTA MONICA, Calif., Nov. 15, 2010 /PRNewswire-FirstCall/ -- Derycz Scientific, Inc. (OTC Bulletin Board: DYSC), a company pioneering a fresh way of facilitating information flow from content publishers to enterprise customers and their constituents, announced the appointment of former U.S. Air Force chief of staff General Merrill McPeak to its board of directors, and the creation of a majority independent board. The company also expanded board membership from three to five and appointed Scott Ogilvie and Gregory Suess to the newly created board positions.

"We are excited about the exceptional caliber of board members we are attracting at Derycz," said Peter Derycz, Chairman and CEO. "General McPeak brings outstanding leadership experience and first-hand knowledge of corporate best practices as a seasoned board member of several world-class corporations. We will tap into Scott Ogilvie's significant financial and legal expertise to support our continued growth. Gregory Suess has extensive knowledge of digital media tools and media law – an important aspect of Derycz's business."

"We welcome our new board members at a time when Derycz is poised for future growth and we look forward to their guidance as we continue to execute our business strategies, including eventually moving to an exchange such as Nasdaq," he added. "We thank Scott Ahlberg for his board service and will continue to rely on his significant experience in strategic planning, operational innovation, copyright and content licensing and quality management as he steps down from the previous insider-only board."

Gnl. McPeak is President of McPeak and Associates, a company he founded in 1995. From 1990 until his retirement from active military service in late-1994, he was Chief of Staff of the U.S. Air Force. During this period, he was the senior officer responsible for organization, training and equipage of a combined active duty, National Guard, Reserve and civilian work force of more than 850,000 people serving at 1,300 locations in the U.S. and abroad. As a member of the Joint Chiefs of Staff, he and the other service chiefs were military advisors to the U.S. Secretary of Defense and the President of the United States.

Gnl. McPeak has sat on the boards of a dozen publicly traded companies, including long service with the airline TWA, and with the test and measurement company Tektronix. He was for many years Chairman of the Board of ECC, International, until that company was acquired. Currently, Gnl. McPeak is a director of Del Global Technologies, a producer of medical imaging devices, Miller Energy Resources, an oil and natural gas exploration and production company, and Sensis Corp., a privately held manufacturer of air defense radars and air traffic control equipment. He also is Chairman of Ethicspoint, Inc., a relatively recent startup that has become the leading provider of software-as-a-service based governance, risk and compliance solutions.

Mr. Ogilvie is Founder and President of AFIN International, Inc. and formerly CEO of Gulf Enterprises International, Ltd., both of which companies have U.S. and Cooperation Council for the Arab States of the Gulf ("GCC") operating partners and strategic shareholders through which they bring GCC regional as well as U.S. and international expertise, investment capital and operating platforms to the Middle East and North Africa (MENA) markets in areas such as Infrastructure, Industrial, IT, Energy, Entertainment, Healthcare and Real Estate. AFIN is also a member of Wirthlin Worldwide Itochu, an entity that functions as the international strategic advisory and M&A arm of ITOCHU Corporation, a Japanese global trading company. Prior to forming AFIN and GEI, Mr. Ogilvie was the Chief Operating Officer for CIC Group of companies. Mr. Ogilvie received a BSBA-Finance degree from the University of Denver, and a Juris Doctor degree from the University of California, Hastings College of Law.

Mr. Suess is a founding partner of Beverly Hills-based ROAR, an entertainment and media focused management and consulting company formed in 2005. Since 1997, Mr. Suess has practiced with the law firm of Glaser, Weil, Fink, Jacobs, Howard & Shapiro, LLP (www.glaserweil.com), where he is currently Of Counsel and focuses on general corporate law, media and entertainment. Mr. Suess holds a Bachelor of Science from the University of Southern California (Lloyd Greif Center for Entrepreneurial Studies), and holds a JD/MBA from Pepperdine University. Mr. Suess serves on the Board of Directors of TicTock Studios in Saugatuck, Mich. He is a member of the State Bar of California.

About Derycz Scientific®

Derycz Scientific, Inc. develops companies, products, services and systems that facilitate the re-use of published content in a manner that helps organizations achieve their marketing, communication and research goals effectively and in compliance with copyright law and regulatory rules. Its subsidiary companies include Reprints Desk and Pools Press. Reprints Desk offers a one-stop solution for reprints, ePrints and single articles, and has delivered millions of articles worldwide. Reprints Desk is an innovator in content retrieval and ePrint delivery, and its services are designed to help make effective use of published articles in a copyright-compliant manner. Pools Press has excelled in the reprint market for more than 30 years. It provides professionally printed articles from medical and technical journals; prints booklets, catalogs, pamphlets, direct mail pieces and newsletters; and works with publishers who wish to outsource a portion of or all of their reprints business. For more information, please visit www.deryczscientific.com.

Forward-Looking Statements

Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K. The Company assumes no obligation to update the cautionary information in this release.


Derycz Scientific, Inc. Condensed Consolidated Statements of Operations - Unaudited


Three Months Ended Sep. 30



Net Sales

$                      6,016,656

$                      4,783,699

Cost Of Sales

$                      5,199,811

$                      4,067,395

Gross Profit

$                          816,845

$                          716,304

Operating Expenses:

 General and administrative

$                      1,033,497

$                          945,433

 Marketing and advertising



 Depreciation and amortization



Total Operating Expenses



Loss From Operations



Other Income



Interest expense



Interest income



Net Loss Before Noncontrolling Interest



Net Loss Attributable To Noncontrolling Interest



Net Loss Attributable To Derycz Scientific, Inc.

$                       (405,269)

$                       (310,691)

Net Loss Per Share:

 Basic And Diluted

$                              (0.03)

$                              (0.02)

Weighted Average Shares Outstanding:

 Basic And Diluted

$                   13,011,527

$                   12,961,830


Source: Derycz Scientific, Inc.

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