VANCOUVER, Nov. 15, 2012 /CNW/ - 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 Software
Absolute Software Corporation (TSX: ABT) is the world leader in
firmware-embedded endpoint security and management for computers and
ultra-portable devices. The Company, a leader in device security and
management tracking for more than 18 years, has over 30,000 commercial
customers worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic
Quadrant for Client Management Tools in 2012, Absolute's solutions -
Computrace, Absolute Manage, Absolute Secure Drive, and Computrace LoJack®
for Laptops - provide organizations with actionable intelligence to prove
compliance, securely manage BYOD, and deliver comprehensive visibility and
control over all of their devices and data. The Company's Computrace
persistence technology is embedded in the firmware of computers, netbooks, and
tablets by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo,
Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling
partnerships with these OEMs and others, including Apple. For more information
about Absolute Software, visit www.absolute.com.
This press release contains forward-looking statements that involve risks and
uncertainties. These forward-looking statements relate to, among other things,
the expected performance, functionality and availability of our services and
products, and other expectations, intentions and plans contained in this press
release that are not historical fact. When used in this press release, the
words "plan," "expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our 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 you should understand that we cannot assure
you that the forward-looking statements contained in this press release will
©2012 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation. LoJack is
a registered trademark of LoJack Corporation, used under license by Absolute
Software Corporation. LoJack Corporation is not responsible for any content
herein. U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No.
5,896,497, No. 6,087,937, No. 6,244,758, No. 6,269,392, No. 6,300,863, No.
6,507,914, No. 7,818,557, No. 7,818,803, No. 7,945,709 and No. 8,062,380.
Canadian patents No. 2,211,735, No. 2,284,806, and No. 2,205,370. U.K. patents
No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534.
Australian patent No. 699045. Japanese patent No. JP4067035. The Toronto Stock
Exchange has neither approved nor disapproved of the information contained in
this news release.
Public Relations: Andrea Holland, HORN Group email@example.com or
Marina Guy, Absolute Software firstname.lastname@example.org or 604.730.9851 x107
Investor Relations: Dave Mason, CFA, TMX|Equicom email@example.com or
Kristen Dickson, MSc, TMX|Equicom firstname.lastname@example.org or 416.815.0700
SOURCE: Absolute Software Corporation
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CO: Absolute Software Corporation
ST: British Columbia
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-0- Nov/16/2012 01:23 GMT
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