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8-K - ALTIGEN COMMUNICATIONS INC | v195239_8k.htm |
Exhibit
99.1
AltiGen
Communications Announces Plans for CEO Transition
SAN JOSE,
CA -- 08/25/2010 -- AltiGen Communications, Inc. (OTCQX: ATGN)
(PINKSHEETS: ATGN), the leading provider of integrated Microsoft-based Unified
Communications solutions, has today announced that effective October 1, 2010,
Gilbert Hu will transition from his role as CEO to President of Asia Pacific, in
order to focus on accelerating the growth of AltiGen’s business in the Asia
Pacific region. Mr. Hu will continue to lead AltiGen’s Board of Directors
as the Executive Chairman of the Board. The company also announced that
President & COO Jerry Fleming will assume the title of President and CEO and
will work closely with Mr. Hu in the development of the company’s strategic
direction. Mr. Fleming will also continue to serve as a member of
AltiGen’s Board of Directors.
“The
outlook for AltiGen is extremely bright as we are closing in on the launch of
our exciting new business initiatives,” Hu said. “Jerry and I have
established a strong collaborative working relationship since he came on
board. From the start our plan has been to migrate our technology to an
all software platform, move upstream in the market and identify new business
opportunities with high growth potential. We’ve made great strides on all
three fronts and, as a result, AltiGen is well-positioned for success in the
years ahead. As the Executive Chairman and President of Asia Pacific I
remain fully committed to the success of AltiGen and will be working closely
with Jerry to ensure that a smooth transition occurs.”
Mr.
Fleming joined the company in April 2007 as President & COO. Mr.
Fleming has over 25 years of experience in the software and communications
industries, many of those serving in executive management capacities at fast
growing technology companies. His background in sales, marketing and
business development has been a significant asset in crafting AltiGen’s business
strategy and execution plans. “Gilbert and I set out with the mission of
leveraging AltiGen’s core technology and intellectual capital to develop a
completely new business strategy to address high growth market
opportunities. Toward that end we had to make substantial changes to both
our products and distribution model,” Fleming stated. “We are now at the
point at which we are very close to launching new products which will enable
AltiGen to address emerging market opportunities having high growth
potential. As we’re closing in on the opportunity to address some of the
fastest growing segments in the communications industry, we are more excited
than ever about the future of AltiGen.”
About
AltiGen Communications
AltiGen
Communications, Inc. (OTCQX: ATGN) (PINKSHEETS: ATGN) is a leading provider of 100% Microsoft-based
VoIP business phone systems and Unified Communications solutions. Having more
than 10,000 customers around the world, AltiGen solutions are designed for high
reliability, ease of use, seamless integration to Microsoft infrastructure
technologies, and are built on a scalable, open standards platform. AltiGen's
worldwide headquarters is in Silicon Valley, California, with international
operations based in Shanghai, China. Local sales, service and support are
provided by AltiGen's worldwide network of over 200 certified partners. For more
information, call 1-888-ALTIGEN or visit the web site
at www.altigen.com.
Safe
Harbor Statement
This
press release contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, including, without limitation,
statements regarding AltiGen's ability to ensure a smooth CEO transition,
identify and address emerging market opportunities and realize growth potential.
These statements reflect management's current expectation. However, actual
results could differ materially as a result of unknown risks and uncertainties.
For a more detailed description of these and other risks and uncertainties
affecting AltiGen's performance, please refer to AltiGen’s Annual Report on Form
10-K for the fiscal year ended September 30, 2009 and all subsequent current
reports on Form 8-K and quarterly reports on Form 10-Q. All
forward-looking statements in this press release are based on information
available to AltiGen as of the date hereof, and AltiGen assumes no obligation to
update these forward-looking statements.