Hostopia Announces Resignation of Chairman and Director John Nemanic
MISSISSAUGA, ON, and FT. LAUDERDALE, FL, Feb. 13 /CNW/ - Hostopia.com
Inc. (TSX: H), today announced the resignation of John Nemanic as Chairman and
as a Director of Hostopia, effective February 9, 2007. Mr. Nemanic advised
Hostopia that he wished to devote more time to other opportunities.
Mr. Nemanic commented: "It has been my great pleasure to have worked with
Hostopia since the company's inception. I leave with the firm conviction that
Hostopia will continue to excel in all respects, and I have great confidence
in the management team's ability to execute Hostopia's strategic plan."
Colin Campbell, Chief Executive Officer of Hostopia, stated: "We thank
Mr. Nemanic for the time he devoted to Hostopia and wish him continued success
in his future endeavors."
About Hostopia.com Inc.
Hostopia is a leading provider of web services that enable small and
medium-sized businesses to establish and maintain an Internet presence. The
company's customers are communication services providers, including
telecommunication carriers, cable companies, internet service providers,
domain registrars, and web hosting service providers. Hostopia's customers
purchase its web services on a wholesale basis and resell these services under
their own brands to small and medium-sized businesses. The company provides
customers with the technology, infrastructure, and support services to enable
them to offer web services, while saving them research and development as well
as capital and operating costs typically associated with the design,
development, and delivery of web services.
Forward-Looking Statements
This press release includes certain "forward-looking statements" and
forward-looking information that are subject to risks, uncertainties and other
factors that could cause actual results or outcomes to differ materially from
those contemplated by the forward-looking statements. These forward-looking
statements and forward-looking information include, but are not limited to,
plans, objectives, expectations, growth trends, and intentions and other
statements contained in this press release that are not historical facts and
statements identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates" or words of similar meaning. These
statements are based on our current beliefs or expectations and there are a
number of important factors that could cause the actual results or outcomes to
differ materially from those indicated by these forward-looking statements,
including without limitation, our ability to maintain our sales efficiency,
our ability to maintain our existing, and develop new, strategic
relationships, the number of our net end-user additions, our monthly customer
turnover and our ability to successfully integrate recently acquired
businesses and operations and those risks set forth under the caption "Risk
Factors" in Hostopia's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2006 which have been incorporated by reference into our Form
10-Q for the nine months ended December 31, 2006, as filed with the Securities
and Exchange Commission. These filings are available at www.sec.gov and
www.sedar.com. Readers are cautioned not to place undue reliance on
forward-looking statements as actual future results and events could differ
materially from that expressed in the forward-looking statements. Hostopia
does not undertake any obligation to update any forward-looking statements
contained in this document as a result of new information, future events or
otherwise.
For further information: Gordon Campbell, Investor Relations,
Hostopia.com Inc., Toll-Free: (877) 444-4116, Phone: (604) 730-4619, Email:
invest@hostopia.com