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Intellinetics, Inc. Board Announces Murray Gross Retires from Board, Robert Schroeder becomes Board Chairman, Ari Kahn joins BoardCOLUMBUS, OH, Oct. 06, 2017 (GLOBE NEWSWIRE) -- Intellinetics, Inc. (OTCQB: INLX), a cloud-based content services provider, announced that its Board of Directors has accepted the retirement of Board Chairman, Murray Gross, effective September 30, 2017. On October 5, 2017, the Board selected Board member Robert C. Schroeder to serve as Chairman. Further, Roger (Ari) Kahn joined the Board on October 5, 2017. After serving as the Chairman of the Board since April 30, 2015, Murray Gross decided to retire, effective September 30, 2017. Gross co-founded Pennsylvania-based Busy Beavers Remodelers, which was acquired in 1972 by Cyclops Corporation, was the President & COO of Facelifters Home Systems from 1987-1996, which was acquired by AMRE for $44M, and founded US Home Systems in 1997, which was acquired by The Home Depot in 2012 for nearly $100M. Robert C. Schroeder joined the Board of Directors on September 10, 2013 and has been instrumental in providing guidance on all matters related to financing, as well as accumulating a thorough understanding of the Enterprise Content Management (ECM) market and the Intellinetics value, strategy, and market opportunity. Schroeder assumed the role of Chairman of the Board on October 5, 2017. He has worked at Taglich Brothers, a full service brokerage firm specializing in microcap companies, for 24 years, and is Vice President – Investment Banking. Ari Kahn joined the Board on October 5, 2017. Kahn brings a strong track record of software innovation, sales growth, and was the Co-Founder of FatWire Software, an ECM company which, upon achieving $42M in sales revenue, was acquired by Oracle for $163M. He has been President & CEO of Bridgeline Digital since 2015, and previously was a partner with Great Land Holdings. Schroeder, Intellinetics Chairman of the Board of Directors, stated, “I want to thank Murray for his service as Chairman of the Board. It was a privilege to serve on the Board with him and Intellinetics is in a better spot than when he joined. The addition of Ari is strongly supported by the Board. All those we considered for the Board have the intellect, integrity, and drive required for the position. Ari stood apart as one who exceeded the bar we set for every criterion. I can’t wait to have him bring his energy at this important inflection point for the Company.” James F. DeSocio, President & CEO of Intellinetics, added, “We will sorely miss Murray’s leadership, guidance, and deep understanding of business models. Simultaneously, we are pleased to retain Rob’s depth of experience with software companies at our stage, and welcome Ari’s relentless passion for innovation, revenue growth, and business strategy. We are starting an exciting new chapter for the Company with an amazing team.” IntelliCloudTM – Powered by the Intel® NUC About Intellinetics, Inc. Cautionary Statement CONTACT: Joe Spain, CFO Intellinetics, Inc. 614.921.8170 [email protected] |