SOURCE: Crossroads Systems

Crossroads Systems

August 26, 2009 16:16 ET

Crossroads Systems Announces Board-Level Appointments

AUSTIN, TX--(Marketwire - August 26, 2009) - Crossroads Systems, Inc. (PINKSHEETS: CRDS), a global leading provider of solutions to connect, protect, secure and restore data, today announced the appointment of Don Pearce as the Company's new Chairman of the Board of Directors and Elliott Brackett as Chairman of the Compensation Committee. Alan Howe remains as Chairman of the Audit Committee.

About Don Pearce

Don Pearce provides a wealth of experience and a global network of active industry contacts from a successful career focused on sales. A recognized leader in sales management, Pearce brings a significant track record of delivering revenue generating strategies within the high-tech sector. Beginning his career at IBM in Dallas with positions in systems engineering, sales and sales management, he continued achieving consistent corporate growth results for more than 20 years at Amdahl Corp., Tarantella, StorageTek and Sun Microsystems. He has received numerous accolades for business excellence, highlighting achievements such as leading his Amdahl sales team to number one in U.S. revenue for 15 consecutive years. Currently, Don serves as Vice President for the Texas division of Alliance Technology Group.

Throughout his lengthy business career, Pearce has built a solid reputation for excellence in storage and data management and gained trusted relationships with end-user executives, channel partners and industry experts. He is an honors graduate of Southern Methodist University with a B.S. in mathematics and received a M.S. in mathematics from Louisiana State University.

About Elliott Brackett

Elliott Brackett joined the Crossroads Systems Board of Directors in September of 2008, bringing more than 20 years of experience in new product funding, marketing, acquisitions and turnarounds. Throughout his career, Elliott has focused on introducing new products to mass markets, gaining international brand recognition and turning companies profitable within the shortest possible time. In 1988, he rescued Lifetime Automotive Products from bankruptcy, turning it into an overnight success story. Elliott is co-founder of Encrypto Inc. and is a key founder of NexQL. He holds a BBA from Southern Methodist University.

"We are extremely pleased to welcome Don Pearce as Chairman of the Board and Elliott Brackett as Chairman of the Compensation Committee," said Rob Sims, President and CEO of Crossroads Systems. "Don offers extensive industry experience in sales, while Elliott brings a superb business management and marketing track record. Throughout Crossroads' ongoing extension into the data storage-security market, guidance from these new Board members will serve as a significant advantage for the Company."

About Crossroads Systems, Inc.

Headquartered in Austin, Texas, Crossroads Systems is a global leading provider of solutions to connect, protect, secure and restore data. Crossroads (PINKSHEETS: CRDS) trades over-the-counter on Pink Sheets and posts its financial disclosure reports, press releases and other related documentation on the OTCIQ Web service of the Pink Sheets Web site. Visit www.crossroads.com.

Forward-Looking Statements

This release may include forward-looking statements. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Crossroads are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Crossroads and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

©2009 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All specifications are subject to change without notice.

Contact Information

  • Investor Contact:
    Jennifer Crane
    Crossroads Systems
    Email Contact
    512.928.6897 or 800.643.7148

    Press Contact:
    Matthew Zintel
    Zintel Public Relations
    Email Contact
    310.574.8888