VANCOUVER, Nov. 15, 2012 – Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-embedded, persistent endpoint security and management solutions, announced today the addition of Eric Rosenfeld and Gregory Monahan to the management proposed slate of nominee directors for the Company's forthcoming annual general meeting of shareholders to be held on December 13, 2012.
"I am pleased to welcome both Eric and Gregory to the proposed slate of nominee directors," said John Livingston, Chairman and Chief Executive Officer. "They both bring proven financial expertise and business acumen, which will help enhance shareholder value."
"We are enthusiastic about the opportunity with Absolute and the potential to work with both the Board and the management team," stated Eric Rosenfeld, President and CEO of Crescendo Partners. "We believe there is a strong market opportunity for the Company and we look forward to working with the team to develop and execute business strategies to capitalize on that opportunity to increase shareholder value."
Mr. Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, a New York based investment firm, since its formation in November 1998. Following discussions with Crescendo Partners, the Company reached an agreement whereby, among other things, the proposed slate of nominee directors for election at the upcoming annual meeting of shareholders will consist of John Livingston, J. Ian Giffen, Terry Libin, Ian Reid, Daniel P. Ryan, Eric Rosenfeld and Gregory Monahan. In addition, the newly constituted board and Crescendo will work together to identify an additional person with appropriate industry experience to join the Board of Directors as soon as practicable.
Full information on the proposed nominees will be contained in the Company's management information circular that will be mailed to shareholders and available on www.sedar.com shortly.
About Absolute
Absolute empowers more than 12,000 customers worldwide to protect devices, data, applications, and users against theft or attack — both on and off the corporate network. With the industry’s only tamper-proof endpoint visibility and control solution, Absolute allows IT organizations to enforce asset management, security hygiene, and data compliance for today’s remote digital workforces. Absolute’s patented Persistence® technology is embedded in the firmware of Dell, HP, Lenovo, and 22 other leading manufacturers’ devices for vendor-agnostic coverage, tamper-proof resilience, and ease of deployment. See how it works at www.absolute.com and follow us at @absolutecorp.
Forward-Looking Statements
This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
©2019 Absolute Software Corporation. All rights reserved. ABSOLUTE and PERSISTENCE are registered trademarks of Absolute Software Corporation. Other names or logos mentioned herein may be the trademarks of their respective owners. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this press release.
For more information, please contact:
Media and Analyst Relations
Jill Rosenthal, InkHouse
absolute@inkhouse.com or 781-966-4167
Investor Relations
Joo-Hun Kim, MKR Group
joohunkim@mkrir.com or 212-868-6760