DALLAS, April 14, 2014 /PRNewswire/ -- Ascendant Solutions, Inc. (Pink Sheets: ASDS) ("Ascendant" or the "Company") announced today that Mark S. Heil will assume the role of President and Chief Financial Officer of the Company. Heil has been the Vice President-Finance and Chief Financial Officer of Ascendant and certain of its subsidiaries since 2007. Heil has also been President of Ascendant's healthcare subsidiary, Dougherty's Holdings, Inc., and currently serves on the Board of Directors of Dougherty's Holdings.<br /><br />"I am pleased to announce Mark's promotion to President and Chief Financial Officer of Ascendant," said James C. Leslie, the Company's Chairman of the Board. "Mark has significant experience in finance and accounting matters, as well as operations, having served in various executive positions, including chief financial officer roles and chief operating officer capacities. We have every confidence in Mark's leadership ability as he takes on added responsibilities as Ascendant's President."<br /><br />Prior to joining Ascendant, Heil served as an executive consultant with Tatum LLC, which provides financial consulting and executive services to its clients. He previously held various chief financial officer positions at The Loomis Agency, a full service advertising company, and at American Excelsior Company, a manufacturing and distribution firm. In addition, he held the position of Chief Operating Officer of American Excelsior's Earth Science Division during his tenure with the firm. Heil began his career in the audit division of KPMG. <br /><br />A graduate of the University of Texas with a BBA in Accounting, Heil also served on the board of directors of American Excelsior Company. He is a Certified Public Accountant in the State of Texas and is a member of Financial Executives International (FEI).<br /><br />About Ascendant Solutions, Inc.<br />Ascendant Solutions, Inc. is a value-oriented investment firm focused on successfully acquiring, managing and growing community-based pharmacies in the Southwest Region. Ascendant currently has approximately $43 million in net operating loss carryforwards which can be used to shelter future income, thus enhancing free cash flow or debt service capabilities.