Adfitech Inc (fka ADFT)

[Enterprising Investor]

Dru Jacobs Elected President Of Adfitech Inc. (4/23/14)

EDMOND, Okla., April 23, 2014 /PRNewswire/ -- The Board of Directors of Adfitech, Inc. ("Adfitech") is pleased to announce the selection of Dru Jacobs as its new President. Mr. Jacobs, 45, began his career with Adfitech in its mailroom 22 years ago and had steadily worked his way up to Executive Vice President, a post he has held for the past 11 years. Additionally, the Board of Directors has voted to change his previous status as an Advisory Member to the Board to a full voting member.

Mr. Jacobs remarked, "I am truly humbled by the support the Board has given me. Together with my experienced management team, that averages over 16 years of tenure with Adfitech, and our dedicated workforce, we look forward to continuing Adfitech's tradition of excellence."

Mr. Jacobs replaces longtime colleague and good friend Sam Meek as President and as a board member. Mr. Meek, 60, has also been with the company for 22 years and has served as its President for the last nine years. When asked about his decision to retire, Mr. Meek replied, "The difficult decision to leave and return to my home state of Texas was made a lot easier knowing that I am leaving Adfitech in the capable hands of Dru and the team of great employees. I wish them all the best."

Speaking on behalf of the company, Chairman of the Board and CEO, Jay H. Lustig, 59, stated, "Words cannot adequately express the appreciation the entire organization has for Sam's efforts as our President." Adding, "Adfitech is truly fortunate to have someone of Dru's industry expertise and skill set ready to seamlessly step in and guide the company through what has become a rapidly changing regulatory environment."

Founded in 1982, Adfitech has earned an impeccable reputation in the mortgage industry as the premier provider of outsourced quality control. From its 20 acre corporate campus in Edmond, Oklahoma, Adfitech's army of dedicated employees review and validate countless pieces of critical information vital to the wellbeing of an ever increasingly regulated mortgage industry.

For more information on Adfitech, visit our website at www.adfitech.com.

http://www.prnewswire.com/news-releases/dru-jacobs-elected-president-of-adfitech-inc-256421101.html