DispenseSource(TM), a leading provider of automated inventory systems for the corporate and industrial markets, today announced that Tom Davin recently joined the company as a member of the board of directors.

From 1996 to early 2000 Davin served as the chief operating officer of Taco Bell Corp. and was an executive at Tricon Global Restaurants Inc. (NYSE:YUM). Under Davin's leadership, Taco Bell nearly doubled profit margins, making it the second most profitable individual restaurant company in the world.

Davin began his career in mergers and acquisitions with Goldman, Sachs & Co. and PepsiCo. He graduated with distinction from Harvard University Graduate School of Business Administration and received his bachelor's degree magna cum laude from Duke University.

"Tom Davin is a phenomenal leader who brings deep operational experience and insight to our company," said Jeffrey Chavez, president and CEO of DispenseSource. "As we are experiencing rapid growth at this time and into the foreseeable future, Tom's strategic abilities and operational expertise will serve this company well. We are very pleased that he has joined our board and look forward to his contribution," said Chavez.

According to Davin, "DispenseSource is well positioned to lead this emerging industry of point-of-use solutions into the massive corporate and industrial markets. It is clear that the timing and momentum are right for the DispenseSource supply-chain solutions," said Davin. "I look forward to working with this exceptional team to further demonstrate the value of the DispenseSource offering."

About DispenseSource

Established in 1999, DispenseSource is a leading provider of automated inventory systems and software for the corporate and industrial markets. The company's automated supply management systems reduce procurement costs by tracking inventory at the point-of-use, and efficiently managing the supply chain through collaborative Web-based software and services resulting in savings of 25%-40%.

DispenseSource solutions have been successfully implemented within major organizations including BFGoodrich, the U.S. Navy, Specialty Labs and United Technologies. DispenseSource has headquarters in Rancho Santa Margarita. For more information, visit the DispenseSource Web site at www.dispensesource.com.