On February 16, 2017, Jeffrey G. Korn, Chief Legal Office (“CLO”) informed Crexendo, Inc. (“the Company”) that he is resigning as CLO effective immediately. Mr. Korn has agreed to remain with the Company in the position of General Counsel until at least June 30, 2017. The Company expects to negotiate with Mr. Korn on a longer agreement so that Mr. Korn may remain as general counsel on a part time basis for a longer period of time.
Mr. Korn’s decision was not the result of any disagreement between the Company and Mr. Korn on any matter relating to the Company’s operations, policies or practices. Mr. Korn is intending to spend more time with his consulting/legal practice. The Company does not intend to replace the position of CLO.


About Crexendo, Inc. (OTCMKTS:CXDO)

Crexendo, Inc. is a hosted services company. The Company provides hosted telecommunications services, broadband Internet services, Website hosting, e-commerce software and Website development software for businesses and entrepreneurs. Its services are designed to make enterprise-class hosting services available to small, medium-sized and enterprise-sized businesses. The Company has two operating segments, which consist of Hosted Telecommunications Services and Web Services. The Hosted Telecommunications Services segment offers hardware and software and unified communication solutions for businesses using Internet Protocol (IP) or cloud technology over any high-speed Internet connection. The Hosted Website Services segment allows businesses and entrepreneurs to host their Websites in its data center.

Crexendo, Inc. (OTCMKTS:CXDO) Recent Trading Information

Crexendo, Inc. (OTCMKTS:CXDO) closed its last trading session up +0.08 at 1.55 with shares trading hands.