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Crexendo Announces Resignation of Chief Technology Officer
GlobeNewswire 2011-09-09
PHOENIX, Sept. 9, 2011 (GLOBE NEWSWIRE) -- Crexendo, Inc. (AMEX:EXE), a
provider of cloud communications and Internet marketing solutions to
small and mid-sized businesses, today announced the resignation of its
Chief Technology Officer (CTO) David Rosenvall, the resignation is
effective September 15, 2011. The Company does not currently plan to
replace the position of CTO.
David Rosenvall will remain a consultant with the Company and plans to
explore other technology opportunities. Rosenvall commented, "I have
been with Crexendo and its predecessor companies for over fifteen
years. I will be seeking new opportunities and enjoy the process of
starting new businesses. I determined that with the recent beta release
of the Storebuilder software version 7.0 this was the perfect time to
fulfill my entrepreneurial desires. I am delighted I will continue to
consult with Crexendo and help this remarkable team. I look at the
people and my experience here with nothing but fondness, and I will
always be proud of the contributions I have made."
Steve Mihaylo, Crexendo Chief Executive Officer commented, "While we
are disappointed to lose David, we are excited that he has agreed to
consult with the Company for at least the next two years. David has
been instrumental in building this company and his drive, determination
and ingenuity cannot be overstated. We are also fortunate to have a
dynamic technology team and with our bench strength we will continue to
operate on a business-as-usual basis relying upon the excellent team
that David has helped to build. We remain focused on delivering
superior high-quality technologically products to our customers. The
entire Crexendo team extends its sincerest gratitude to David for his
innumerable contributions to the company. Everyone wishes him great
success and happiness in his endeavors."
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, Inc. (the "Company") (i) having a dynamic technology
team ; (ii) maintaining " bench strength"; (iii) l continuing to
operate on a business-as-usual basis relying upon the excellent team
that David has helped to build and (iv)remaining focused on delivering
high-quality technologically superior products to our customers.
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