HOUSTON, TX -- 11/12/09 -- Exobox Technologies Corp.'s (OTCBB: EXBXE) newly hired Chief Executive Officer and President today addressed the company's long term financial viability.
Kampa stated, "Exobox Technologies Corp. is weathering the financial challenges which began last fall and is making provisions for its immediate and long term financial viability."
"Within the last month, Exobox has reduced operating expenses by 70% while continuing to invest in our sales efforts and support organization. The company is positioned to realize significant recurring revenues from pending contracts with several clients. We are committed to servicing our clients and performing to the highest standards of customer satisfaction."
"I bring to Exobox a proven relationship with the private and public investor network. The company will have access to the resources required for marketing and supporting our current products, ExoDetect and ExoWatch, and building the necessary infrastructure to develop our other proprietary technology. Our business plan is focused on providing our clients with innovative products and excellent support. While the company has demonstrated outstanding vision in the past, it is not enough to 'stare up the stairs'; rather, it is time to 'step up the stairs.' It is time to execute the Company's vision and obtain the necessary resources and staffing to make it happen. I am excited to play a role in leading the charge to insure our success."
About Exobox
Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets. It is committed to its vision to create a more secure environment for the information-centric community through the development of new technologies and security services. Exobox is headquartered in Houston, Texas. For more information on Exobox, visit www.exobox.com.
Exobox, the Exobox logo, and ExoDetect are trademarks of Exobox Technologies Corp. Other company and product names may be trademarks of their respective owners.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding and others set forth in the Company's report on Form 10-K for fiscal year 2009 filed with the Securities and Exchange Commission.
