SOURCE: Nexiasoft, Inc.

January 17, 2007 06:00 ET

Nexiasoft Welcomes Successful Business Strategist John Sifonis to Board of Advisors

SAN FRANCISCO, CA -- (MARKET WIRE) -- January 17, 2007 -- Nexiasoft, Inc. (PINKSHEETS: NXSF), a holding company that invests in convergent e-commerce technology companies, announced today that John Sifonis, whose management career has been marked by significant growth at companies ranging from start-ups to Cisco Systems, has joined its Board of Advisors.

A noted author on the topics of Business and IT strategy formulation, Mr. Sifonis has 35 years of business and technology management consulting experience with Global 500 corporations in Europe, South America, Japan, and Africa. Most recently, he was Chief Executive Officer and Director at Trulite, Inc., an emerging technology company engaged in the development and production of portable and stationary products that produce hydrogen for the generation of electricity in the commercial and consumer markets. Previously, Mr. Sifonis created and managed Cisco's Global Energy Practice. Under his leadership, the practice exceeded its annual goals by as much as 150 percent.

"John's professional history is one of extraordinary growth -- whether he is founding and managing an early-stage company, surpassing his goals by 150% at Cisco or serving as a strategist to Global 500 companies," said Kevin Owens, Nexiasoft's Chief Executive Officer. "With his tremendous depth and breadth of experience, John will be an extremely valuable resource for Nexiasoft as we chart our growth in 2007 and beyond."

Prior to joining Cisco Systems, Inc., Mr. Sifonis was the Chief Executive Officer of SAI International, LLC. He also built the Information Technology practice at Mercer Management Consulting and served as Senior Partner and National Director of Ernst & Young's Strategic Management Consulting Group. During his tenure with Ernst & Young, he doubled the management consulting revenues of the firm and was the partner in charge of a five-year, five million-dollar research project, "Management in the Nineties," with MIT's Sloan School of Management.

Mr. Sifonis has also co-authored three books: "Dynamic Planning: The Art of Managing Beyond Tomorrow" (Oxford University Press, 1994), "Corporation on A Tightrope" (Oxford University Press, 1996) and: "Net Ready: Strategies for Success in the E-conomy." "Net Ready" was on the Wall Street Journal's bestseller business book list. He has been a guest lecturer at MIT's Sloan School of Management, Dartmouth College, the Kellogg School of Business, and has also been a guest speaker for executive management of corporations such as Hewlett Packard, ChevronTexaco, General Electric, A.T. Kearney/EDS, Ford Motor Company and BP on the role of IT in business strategy formulation.

Mr. Sifonis has served on the Boards of high technology start-up companies and has been an advisor to numerous start-up companies in the software and technology sectors.

About Nexiasoft:

Nexiasoft recently commenced trading on the Over-The-Counter Pink Sheets market under the symbol: NXSF and is a holding company that invests in convergent e-commerce technology companies. Companies with disruptive technology in the area of wireless, open-source, and security are particularly of interest. Through targeted investments in such companies, Nexiasoft will continue to provide a compounding effect to the overall value of their portfolio. More information can be found at

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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