Nashua, N.H., July 21, 2009 – Ezenia, Inc. (OTC Bulletin Board: EZEN.OB), a leading provider of real time solutions for situation sensitive and mission critical applications in corporate, government and commercial networks, announced today the formation of a Board of Advisors (BOA) to assist the Company and its management team in the execution of sales, marketing, business development, and operational matters to ensure the success of the Company.
The BOA will work to advance Ezenia as one of the industry’s leading providers of multi-media collaboration, conferencing, and communication products. Members of the BOA will draw on their professional experience and knowledge of the market place and will give of their time, advice, expertise to advocate and support the Company’s mission, operations, and aspirations. The BOA will support the Ezenia management team and will act as an advocate for the Company and its products within the market segments that Ezenia serves and intends to expand into. The BOA will assist in framing the tactical direction of the Company, developing the necessary plans and engagements in support of such direction, and participating in their implementation and execution, where possible.
The BOA is chaired by Mr. Khoa Nguyen, Ezenia Chairman and Chief Executive Officer, and consists of four outside members. The first meeting of the BOA was held on July 08th, 2009 in the Ezenia office facility located in Sterling, Virginia.
“While the Board of Advisors focuses on assisting the Ezenia management team on tactical opportunities with the customer base within the Department of Defense and Intelligence Community at present, it is my expectation that Ezenia will be able to leverage their collective broad base of experience, knowledge, and reputation to expand our business into emerging and new market potential”, commented Mr. Nguyen. “It is with pride, privilege, and honor for me to personally welcome the four founding members of the Board of Advisors: Mr. T. Kevin Carroll, President of The Kevin Carroll Group, LLC, Mr. Steven Cooper, Founding Partner of Strativest, LLC, Mr. Dallas Hale, President of Agile Edge Technologies Consulting, and Mr. Walter Jones, President and Chief Executive Officer of ExecuTech Strategic Consulting. I look forward to working closely with members of the Board of Advisors to restore and grow Ezenia’s business.”
About Ezenia! Inc.
Ezenia! Inc. (OTC Bulletin Board: EZEN.OB), founded in 1991, is a leading provider of real-time collaboration solutions, bringing new and valuable levels of interaction and collaboration to corporate networks and the Internet. By integrating voice, video and data collaboration, the Company’s award-winning products enable groups to interact through a natural meeting experience regardless of geographic distance. Ezenia! products allow dispersed groups to work together in real-time using powerful capabilities such as instant messaging, white boarding, screen sharing and text chat. The ability to discuss projects, share information and modify documents allows users to significantly improve team communication and accelerate the decision-making process. More information about Ezenia! Inc. and its product offerings can be found at the company’s Web site,www.Ezenia.com.
Note to Investors Regarding Forward-Looking Statements
Statements included herein that are not historical facts may be considered forward-looking statements. You can identify these forward-looking statements by use of the words “expects,” “anticipates,” “estimates,” “believes,” “projects,” “intends,” “plans,” “will,” “may,” and similar words. Such forward-looking statements, including statements regarding our business and financial outlook, long-term strategy, improvements in our infrastructure, and proposed earnings per share growth targets, involve risks and uncertainties that could cause actual operating results to differ materially from those indicated by such forward-looking statements. These risks and uncertainties include the considerations that are discussed in the Company’s 2007 Annual Report on Form 10-K as amended for the year ended December 31, 2007, such as its dependence on the United States government as its largest customer, adverse changes in available funding and discretionary spending within the Department of Defense, its dependence on other major customers, the evolution of Ezenia!’s market, rapid technological change and competition within the collaborative software market, its reliance on third-party technology, protection of its propriety technology, acceptance of IWS in the commercial market, retention of key employees, stock price volatility, customer acceptance of Version 3.0 of InfoWorkSpace, its history of liquidity concerns and operating losses, and other considerations that are discussed further in such report. You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation to update forward-looking statements after the date of such statements.
Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia! Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional information on Ezenia! and its products is available at our website http://www.ezenia.com.