The Board of Directors of Daleco Resources Corp. announced that Michael D. Parrish has become the new CEO of the company and is a member of its board of directors. Mr. Parrish brings a wealth of operational and general management experience; his focus is on financial performance and turnarounds.

Mr. Parrish has over 27 years of leadership and finance experience in a variety of global firms. Previously, Mr. Parrish was Chairman and CEO of Environmental Infrastructure Holdings Corp. during which he increased profitability by 115% and improved shareholder's equity by over 130% in less than two years. Prior to EIHC, Mr. Parrish was founder, President & CEO of Equisol, LLC., an environmental services company specializing in industrial air, water, and ground instrumentation.

Equisol experienced rapid growth with its acquisition strategy and was recognized by Inc. magazine as the seventh fastest growing private environmental company on its INC500 list for 2007 as well as Entrepreneur Magazine's HOT 100 recognizing the top 100 start ups in America for 2004. Prior to Equisol, Mr. Parrish held various executive positions in several General Electric Companies where he served in positions such as General Manager for global logistics and services for GE's Water business, and, earlier, as Managing Director for GE Capital specializing in ecommerce, six sigma, and productivity of several of GE's equipment management groups.