DirectCash Income Fund announces: Appointment of Chief Financial Officer



    TSX: DCI:UN

    CALGARY, Aug. 1 /CNW/ - DirectCash Income Fund (the "Fund") hereby
announces a new Chief Financial Officer. DirectCash Management Inc. has hired
Mr. John E. Fauville. Mr. Fauville will be commencing employment on August 5,
2008. Mr. Fauville's primary responsibility is to act as Chief Financial
Officer for DirectCash Management Inc. and the various other entities that are
part of the DirectCash group.
    Mr. Fauville has over 25 years of experience, in financial reporting,
financial management and has extensive experience in leading finance teams in
public and private corporations. Most recently Mr. Fauville was the Director,
Business Initiatives for Enmax Corporation in Calgary.
    Mr. Fauville holds a B.Sc. from the University of Alberta and is a
Certified Management Accountant.

    Starting August 5, 2008, Mr. Fauville's contact information will be as
follows :

    
                               John E. Fauville
                           Chief Financial Officer
                         DirectCash Management Inc.
                      Manager of DirectCash Income Fund
                           Direct: (403) 387-2103
                     e-mail: jfauville@directcash.net
    

    Management's Commentary:

    "We are pleased with the depth of experience Mr. Fauville brings to
DirectCash and look forward to his future contributions at DirectCash" said
Jeffrey Smith, DirectCash Management Inc.'s President and Chief Executive
Officer.

    DirectCash Business:

    The operating subsidiaries of the Fund (such subsidiary limited
partnerships, partnerships and corporations are collectively referred to as
"DirectCash") are the largest branded ATM provider in Canada operating under
the tradename "DirectCash ATM". DirectCash is also one of the leading
providers in Canada of branded non-financial institution debit terminals and
prepaid bank/credit card products.

    Additional Information:

    Additional information about the Fund and the Fund's operating
subsidiaries, including the Fund's Annual Information Form and other public
filings is available on SEDAR (www.sedar.com) and on the DirectCash's website
(www.directcash.net).

    CAUTIONARY STATEMENT: No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. This news release may include certain "forward-looking statements".
Such forward-looking statements are not guarantees of future performance and
involve a number of known and unknown risks and uncertainties which may cause
the actual results of the Fund in future periods to differ materially from any
projections expressed or implied by such forward-looking statements and
therefore should not be relied upon. Any forward-looking statements are made
as of the date hereof and the Fund does not undertake any obligation to
publicly update or revise such statements to reflect new information,
subsequent events or otherwise, except as required pursuant to applicable
securities laws.





For further information:

For further information: The officer(s) responsible for issuance of this
press release and who may be contacted for further information is: Jeffrey J.
Smith, President, CEO & Director, DirectCash Management Inc., Manager of
DirectCash Income Fund, Direct: (403) 387-2101, e-mail: jeff@directcash.net

Organization Profile

DIRECTCASH INCOME FUND

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