PHOENIX, Dec. 15, 2011 (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 released an update on its plans to launch a nationwide telecom offering. Crexendo has been registering as a CLEC (competitive local exchange carrier) in most jurisdictions in the United States. Crexendo has already received regulatory approval in forty five states as well as the District of Columbia. In addition the Arizona Corporations Committee has approved the application pending in that State, and that CLEC is expected to be effective in two to three weeks.
Steve Mihaylo, Crexendo CEO stated, "We've been working on our telecom products and services for well over two years now and we are excited by our progress. We have been using this time to make sure our service offerings were ready for a nationwide rollout. We have been providing effective services in many locations and the response to our products has been tremendous. We are completing a beta test of providing hundreds of devices and phone lines to a business with locations in multiple venues, the results have exceeded our expectations. I am fully convinced we have the right services and solutions for everyone from the large enterprise customer to the SOHO."
Mihaylo added, "We are pleased with the regulatory approvals. We believe that with being a facilities-based CLEC, we are rolling out a nationwide infrastructure that enables us to provide services over our own network resulting in Crexendo's ability to deliver more cost effective, innovative and higher quality services that meet the needs of today's businesses and SOHO's. We are positioning ourselves for strong future growth by building a flexible platform that puts us ahead of most other providers. We are moving forward with our nationwide rollout in January and we are aggressively expanding our sales force to handle our expected growth."
Clint Sanderson, President and COO, added, "Our management is very well positioned to execute our plan. We have the right people in the right positions and now we can help businesses across the nation improve their telecommunications, reduce their telecom expense and improve the effectiveness of their websites. All of our employees, our management team and I am excited about Crexendo's future prospects."
Crexendo also announced that Stephen Crandall has been promoted to Director of New Business Development. Crandall has a long history of developing substantial enterprise business in the telecommunications field. Crandall received a Bachelor Science Degree from Arizona State University; he has held positions of increasing responsibility with Inter-Tel culminating with the position of Director of Enterprise Sales. Prior to that Crandall was the founder and CEO of KC Gutenberg d/b/a Land O' Sun Printers. Crandall is also a member of the World Presidents Organization.
Doug Gaylor Crexendo Vice President of Sales indicated that "With the promotion of Steve we are confident that we've put into place the right mix of executives and a highly effective structure to help achieve our growth aspirations. The time was right with our rolling out the national telecom offering to make this appointment. It is exciting to have someone like Steve who has the experience in both securing enterprise sales and mentoring the sales force to execute on enterprise sales."
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 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) being excited by the telecom offerings, (ii) using the time to make sure the telecom offerings were ready for a nationwide rollout, (iii) response having been tremendous to the telecom offerings, (iv) completing a beta test of providing hundreds of phones to a business with multiple locations with results having been beyond expectations, (v) being fully convinced the Company has the right services and solutions for everyone from the large enterprise customer to the SOHO, (vi) being pleased with the regulatory approvals, (vii) being a facilities-based CLEC the Company is rolling out a nationwide infrastructure that enables it to provide services over our own network resulting in the ability to deliver more cost effective, innovative and higher quality services that meet the needs of today's businesses and SOHO, (viii) positioning itself for strong future growth by building a flexible platform that puts it ahead of most other providers, (ix) moving forward with its nationwide rollout in January, (x) aggressively expanding its sales force to handle expected growth, (xi) management being very well positioned to execute its plan, (xii) having the right people in the right positions, (xiii) can help business across the nation improve their telecommunications, reduce their telecom expense and improve the effectiveness of their websites, (xiv) being excited about its future prospects, (xv) having put into place the right mix of executives and a highly effective structure to help achieve growth aspirations and (xvi) Mr. Crandall having the experience in both securing enterprise sales and mentoring the sales force to execute on enterprise sales.
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
