Difference Capital Names Tom Liston Managing Partner

Canadian merchant bank Difference Capital Financial (TSX VENTURE:DCF) announced the appointment of Tom Liston as managing partner. Liston previously worked at Yorkton Securities, as well as Versant Partners, which was acquired by Cantor Fitzgerald in 2012. At Difference Capital, Liston will assist in investment opportunities and provide advice to portfolio companies.


Tom Liston Joins Difference Capital

TORONTO, ONTARIO–(Marketwired – July 31, 2013) – Difference Capital Financial Inc. (“DCF”) (TSX VENTURE:DCF) is pleased to announce that Difference Capital Management Inc. (“Difference Capital”) has appointed Tom Liston as Managing Partner, effective August 15, 2013. In his role at Difference Capital, Mr. Liston will assist in the development and the evaluation of companies for investment by DCF and provide advice to DCF’s investee companies.

Mr. Liston has over 14 years of experience in technology research. Prior to joining Difference Capital, he worked at Yorkton Securities as a Research Analyst covering Software and IT Services companies. In early 2003, he joined Versant Partners in the same role and was promoted to Director of Research while maintaining his coverage of technology companies. In late August of 2012, Versant Partners’ team was acquired by Cantor Fitzgerald. At Cantor, Mr. Liston served as Director of Canadian Research and covered the technology sector.

As a technology analyst, Mr. Liston has been consistently ranked among the top technology analysts in several surveys, including: StarMine, Brendan Wood, Greenwich Associates and Reuters. He has received more StarMine stock picking awards than any other technology analyst. Mr. Liston is a CFA charterholder, completed a Bachelor of Business Administration degree in Finance from the University of New Brunswick in 1996 and a Master of Arts in Economics and Finance from Queen’s University in 1998.

“We are pleased to have Tom join the team,” said Neil Johnson, Chief Executive Officer of Difference Capital. “Tom’s proven ability to understand value in software and technology companies teamed with Tom Astle, another top ranked analyst, allows DCF to better evaluate opportunities. Additionally, his knowledge base of the sector will be beneficial to adding value to our investee companies.”

“I am very excited to be a part of Difference Capital,” said Tom Liston. “This is an exciting opportunity to help build one of Canada’s leading specialty finance companies focused on growth sectors including the technology industry.”

About Difference Capital Financial Inc.

Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.

About Difference Capital Inc.

Difference Capital Inc. is a Toronto based specialty finance 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 Financial Inc. (TSX VENTURE:DCF).

Cautionary Notes

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Difference Capital Financial Inc.

Neil Johnson

Chief Executive Officer

416 649 5088


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