SOURCE: iPass

iPass

May 26, 2015 18:21 ET

iPass Announces Beletic and Majteles Will Not Stand for Re-Election to the Board of Directors

REDWOOD SHORES, CA--(Marketwired - May 26, 2015) - iPass Inc. (NASDAQ: IPAS), the world's largest commercial Wi-Fi network, today announced that John D. Beletic, chairman of the board, and Robert J. Majteles, member of the board, have notified the board of directors that they will be retiring from the board of directors at the end of their term. Mr. Beletic and Mr. Majteles have been on the board since 1999 and 2009, respectively, and will not be standing for re-election at the iPass 2015 Annual Meeting of Stockholders. 

"On behalf of everyone at iPass, I'd like to extend thanks to John and Rob for their contributions to the company and their efforts to drive the transformation of iPass and to place the company on firm financial and operational footing," said Gary Griffiths, president and chief executive officer of iPass. "As chairman, John has led the company through two chief executive appointments and helped recruit highly experienced and qualified board members to help shape the future of the company. Rob's energy, marketing insights and vision were key factors in the development of our core business, and he provided a strong shareholder voice to discussions."

"Rob and I believe iPass has a strong strategy for growth and achievement of profitability," said Mr. Beletic. "It is now time for a new chairman as part of the recent changes we have made, and we depart from the board with confidence that Gary and his team will continue the rapid improvement since his appointment. It is imperative the management team aggressively drives toward positive cash flow, which in turn will open strategic opportunities. As shareholders, we continue to believe the company will achieve great things."

About iPass Inc.
iPass delivers global, mobile connectivity as a hosted cloud service, connecting its customers with the people and information that matter the most on all of the devices they choose to carry: smartphones, tablets and laptops. iPass (NASDAQ: IPAS) is the world's largest commercial Wi-Fi network, with 19 million hotspots in airports, hotels, airplanes and public areas spanning 100 countries across the globe. In the rapidly changing technology of Internet connectivity, iPass is the industry pioneer in ensuring businesses have unlimited access to unlimited content.

NOTE: iPass® is a registered trademark of iPass Inc. Open Mobile, OME, Open Mobile Express, Open Mobile Exchange and OMX are trademarks of iPass Inc. Wi-Fi® is a registered trademark of the Wi-Fi Alliance. Other company names, logos and product or service names mentioned herein are the trademarks owned by their respective owners.