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8-K - CURRENT REPORT - Crexendo, Inc. | cxdo_8k.htm |
Exhibit 99.1
Crexendo Common Stock Approved to List on The NASDAQ Capital
Market.
PHOENIX,
AZ / ACCESSWIRE / July 6, 2020 / Crexendo, Inc. (OTCQX: CXDO), an
award-winning premier provider of cloud communications, UCaaS
(Unified Communications as a Service), call center, collaboration
services, and other cloud business services that are designed to
provide enterprise-class cloud services to any size business at
affordable monthly rates, today announced that its common stock has
been approved to list on The NASDAQ Capital Market.
Trading
on the NASDAQ is expected to commence on or about July 8, 2020
using its current trading symbol of CXDO. Currently,
Crexendo’s stock is listed on the OTCQX market, which is
operated by the OTC (Over the Counter) Markets Group. Crexendo was
recently recognized by the OTCQX Best 50 as one of the top
performing companies last year.
Steve
Mihaylo Chief Executive Officer Commented “Our listing on
the NASDAQ is a major milestone for the company and is part of a
long process we have taken to increase shareholder value. This
achievement is due to the hard work and dedication of our entire
team who day in and day out provides the best products and services
in the industry. The team has been focused on being able to
organically reach the requirements to be listed on NASDAQ. In the
space of a few years we turned the Company around strategically
reducing costs, reaching Non-GAAP and then GAAP profitability and
now the up-listing to NASDAQ. We believe this is just another step
in our continual growth process. We will continue to execute and
grow the Company. We believe that listing on the NASDAQ will
enhance our visibility in the marketplace, increase the liquidity
of our stock, enhance our acquisition strategy, broaden our
shareholder base by attracting new investors and increase the
attention paid to our results which will result in increased
shareholder value.”
Doug
Gaylor President and Chief Operating Officer commented
“NASDAQ is home to many of the world’s largest and most
well-known technology companies. As such, it is the ideal platform
for the continued growth of Crexendo. We are very proud of reaching
this milestone. We worked hard to achieve this, and we will
continue to work hard every day to build and grow this Company. We
are pleased that the increased visibility that moving from OTC.QX
to a National Exchange will provide to the Company, and we believe
that we can attract new investors with this listing and also
believe it will also help us attract new customers with this
increased exposure.”
About Crexendo
Crexendo,
Inc. is an award-winning premier provider of UCaaS (Unified
Communications as a Service), call center, collaboration services,
and other cloud business services that are designed to provide
enterprise-class cloud services to any size business at affordable
monthly rates.
Safe Harbor Statement
This
press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for such forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements. Specific
forward-looking statements in this press release include
information about Crexendo (i) begin trading on NASDAQ exchange;
(ii) listing
on the NASDAQ being a major milestone for the company and part of a
long process to increase shareholder value; (iii) providing the
best products and services in the industry; (iv) working hard to
make the organically to reach the requirements for NASDAQ; (v) the
up-listing being another step in the continual growth process; (vi)
continuing to execute and grow the Company; (vii) believing that
the NASDAQ listing will enhance visibility in the marketplace,
increase the liquidity of stock, enhance its acquisition strategy,
broaden the shareholder base by attracting new investors and
increase the attention paid to results which will result in
increased shareholder value; (viii) believing that NASDAQ is the
ideal platform for the continued growth of Crexendo; (ix) working
hard to achieve this and continuing to work hard every day to build
and grow; (x) having increased visibility that being on a National
Exchange will provide so it can attract new investors and reach new
customers.
For a
more detailed discussion of risk factors that may affect Crexendo's
operations and results, please refer to the company's Form 10-K for
the year ended December 31, 2019, and quarterly Form 10-Qs as filed
with the SEC. These forward-looking statements speak only as of the
date on which such statements are made, and the company undertakes
no obligation to update such forward-looking statements, except as
required by law.
Contact
Crexendo,
Inc.
Doug
Gaylor
President
and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com