PIC Appoints Chief Operating Officer

Released on: August 5, 2008, 12:06 am

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Cape Town, 5 August 2008 - As part of the continued expansion
in the South African market place, PIC Solutions has appointed David McAlpin as
Chief Operating Officer.

Press Release Body: In this newly created role of COO, David adds significant weight
to the existing executive team and will assist with the day-to-day running of all
operations and the development of an ongoing sustainable growth strategy for the
company. In this position David will also be responsible for all of the various
delivery departments at PIC Solutions

David has extensive international and local business experience and has held senior
executive positions in the Massmart Group, CNA, Forza and the Lewis Group. As part
of the Massmart Group he held the positions of Commercial Director and was also a
member of the Executive committee for the 7 years he was there. At Dion Stores,
David was Marketing and Managing Director and was responsible for IT and systems.
David was the Chief Executive Officer of Forza (a listed luxury motor and outdoor
leisure lifestyle distribution group) for 4 years and was the Managing Director of
CNA for 3 years where he was responsible for the turnaround and repositioning of the
company. He holds a Bachelor of Commerce Degree from Rhodes University and is an
Associate of the Chartered Institute of Management Accountants (A.C.M.A.). David
also holds an MBA from the University of Cape Town.

David McAlpin, Chief Operating Officer at PIC Solutions, comments, "I am excited
about joining PIC Solutions and look forward to the opportunities that lie ahead.
PIC Solutions has achieved excellent results in the past few years and my role is to
develop and expand each area of the business and to grow the company to its maximum
potential."

Stephen J. Leonard, Chief Executive Officer at PIC Solutions, adds, "We are
delighted to welcome David McAlpin to PIC Solutions. David brings with him a wealth
of both local and international business and management experience to PIC Solutions.
We are confident David will contribute to the ongoing rapid development and growth
of PIC Solutions, both in our South African home market and also our ever expanding
international presence."

About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA
region. With offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi, we
deliver integrated analytics, consulting and software solutions to over 150
companies in 30+ countries. We work worldwide with organisations to improve
performance, drive strategies and enhance profitability. Analytics | Consulting |
Software

Cape Town | Dubai | Johannesburg | Manama | Nairobi www.PICSolutions.com

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com


Web Site: http://www.picsolutions.com

Contact Details: Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com

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