PRESS RELEASE

Crossroads Press Contact:

Matthew Zintel

Zintel Public Relations

matthew.zintel@zintelpr.com

281.444.1590

FOR IMMEDIATE RELEASE

Crossroads Sets Date of 2014 Annual Meeting

AUSTIN, Texas – January 14, 2014 -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that it has set Friday, March 14, 2014 as the date of its 2014 Annual Meeting of Stockholders. Additional information regarding deadlines for stockholders’ proposals made pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, and for stockholder proposals and director nominations made pursuant to Crossroads’ Bylaws, will be filed with the Securities and Exchange Commission by Crossroads on a Current Report on Form 8-K.

About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.

©2014 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.

Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to obtain, maintain or protect patent and other proprietary intellectual property rights, future capital requirements, regulatory actions or delays, competition in general, and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.