PhoneBrasil International, Inc. announced that effective December 9, 2020 Lazar resigned as the Chief Executive Officer of the Company and Mr. DiMaggio was appointed as the Chief Executive Officer of the Company. DiMaggio has served as a partner at DRC Partners, LLC, a merchant banking and strategic advisory firm focused on providing expert advisory services to address the needs of privately and publically-held companies, since February 2009. From February 2019 through July 2019, Mr. DiMaggio was a managing director of Noble Financial Group where he provided advice on investor relations and the launch of a proprietary platform.