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Crexendo Announces Resignation of Chief Operating Officer / President
GlobeNewswire
2012-01-04


PHOENIX, Jan. 4, 2012 (GLOBE NEWSWIRE) -- Crexendo, Inc. (AMEX:EXE), a
provider of Cloud based infrastructure services to small and mid-sized
businesses, including telecom and website hosting services, e-commerce
software, website development, and Internet marketing services, today
announced the resignation of its Chief Operating Officer (COO) and
President, Clint Sanderson. The resignation was tendered January 2,
2012. Mr. Sanderson is leaving to pursue other business opportunities.
The Company has appointed Steven G. Mihaylo, who is the Chief Executive
Officer to assume the role of COO and President.

Sanderson commented "I have been with Crexendo for nine years, I have
worked hard with Steve to transition the Company to a B2B model, and I
am proud of the strides we have made in that regard. I have always had
the entrepreneurial bug and I am leaving to pursue opportunities that
exist. Now that Crexendo has made the transition from a B2C business to
a Cloud-based infrastructure B2B business, I feel that with the New
Year starting this was the best time to make this move. I firmly
believe that all of the elements are in place for Crexendo to execute
its recurring revenue model and to attain its goals."

Steve Mihaylo, Crexendo Chief Executive Officer commented, "We thank
Clint for his contributions to the business, particularly our shift to
a B2B business model. We are starting to see traction in the telecom
division and the web services division. I know we have great people
here, and we will execute on the plans we have in place. I am excited
about our future and working with this tremendous team. I am confident
that with the resources we have in place we will operate seamlessly and
effectively. The entire Crexendo team wishes Clint the best of luck."

About Crexendo

Crexendo provides Cloud-based infrastructure services to small and
mid-sized businesses, which includes telecom and website hosting
services, ecommerce software, website development and Internet
marketing services. These Cloud-based services help small and mid-sized
businesses build Internet strategies to market and sell their products,
accept online orders, analyze marketing performance and manage pricing
and customers over the Internet. In addition to software, training and
Cloud-based telecom and website hosting services, Crexendo offers site
development, search engine optimization (SEO), link building and
training. Crexendo, Crexendo Business Solutions, Crexendo Network
Services and StoresOnline are trademarks of Crexendo, Inc.

The Crexendo, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7604

Safe Harbor Statement

This press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for
such forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements. Specific
forward-looking statements in this press release include information
about Crexendo, (i) shifting its business to a B2B mode and being proud
of the results of that change, (ii) having made the transition from a
B2C business to a Cloud-based infrastructure B2B business, (iii)
believing that all of the elements are in place for the Company to
execute its recurring revenue model and to attain its goals, (iv)
starting to see traction in the telecom division and the web services
division, (v) having a great team, (vi) executing on the plans we in
place, (vii) being excited about the future and (viii) that the
resources in place will operate seamlessly and effectively.

For a more detailed discussion of risk factors that may affect
Crexendo's operations and results, please refer to the company's Form
10-Q for the quarters ended March 31, 2011, June 30, 2011 and September
30, 2011 as well as the Form 10-K for the year ended December 31, 2010.
These forward-looking statements speak only as of the date on which
such statements are made, and the company undertakes no obligation to
update such forward-looking statements, except as required by law.


CONTACT: Crexendo, Inc.
         Steven G. Mihaylo, CEO
         775-530-3955
         Stevemihaylo@crexendo.com



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