HOUSTON, TX, Nov 12 (MARKET WIRE) --
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.
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