NASHUA, N.H. (April 10, 2007) – Ezenia! Inc. (OTCBB: EZEN.OB), a leading market provider of real-time collaboration solutions for corporate and government networks and eBusiness, announced today that Bruce Bancroft has joined the company as its Corporate Vice President of Sales for both the government and commercial businesses and reports directly to Khoa Nguyen, Chairman and Chief Executive Officer.
Bancroft brings to Ezenia an extensive executive leadership and hands-on sales management experience. Prior to joining Ezenia, he was Senior Vice President of Sales for SiteScape®, where he played a pivotal role in repositioning the company into an industry leader. Previously, his career accomplishments included global positions as Vice President of Sales and Business Development for Vested Development, Inc., Vice President, Technology Services for System Management Arts, Inc. (SMARTS), and various other senior management positions with Winstar Communications eBusiness Systems and Trellis Group, Inc.
Bancroft attended Southern New Hampshire University (formerly New Hampshire College) and Harvard University Extension for economics as well as holds CSS in IS Management and Strategic Management.
“I am thrilled to have Bruce join us in this senior leadership role,” said Khoa Nguyen. “With his exceptional skills in defining and executing successful business plans and establishing productive partnerships and strategic alliances, he is well positioned to extend Ezenia’s leadership in providing best-of-breed enterprise collaboration solutions. He brings to Ezenia the enthusiasm, insight and experience to help the Company achieve and surpass its growth and market share objectives.”
“I am excited to be joining Ezenia at a time when the company’s drive toward innovation and excellence is at the forefront of the enterprise social networking segment of corporate level computing,” Bancroft said. “In particular, I look forward to applying my combined experience in global sales and marketing and the enterprise collaboration industry to enhance the global reach of the InfoWorkSpace (IWS) product line.”
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 2006 Annual Report on Form 10-K as amended for the year ended December 31, 2006, 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.
Note: 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.