Payment Data Systems appoints Louis Hoch VP of the board

Source: Payment Data Systems

Payment Data Systems (OTCBB:PYDS), an integrated electronic payments solutions provider, announced today that its Board of Directors has approved the promotion of Mr. Louis Hoch to the position of Vice-Chairman of the Board.

Michael Long, Chairman and Chief Executive Officer of Payment Data Systems, said, "This is clearly a well deserved recognition of Louis' contribution to the development and continued growth of PDS. Louis has served our customers and our shareholders admirably and with distinction. He is a highly effective executive and we are pleased to have him functioning in this new capacity."

In addition to his new role, Mr. Hoch will retain his current responsibilities and titles of President and Chief Operating Officer of PDS.

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