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Crexendo(R) Announces the Asset Purchase of PBX Central

Crexendo(R) Announces the Asset Purchase of PBX Central 
PHOENIX, AZ -- (Marketwired) -- 06/04/13 --  Crexendo, Inc. (NYSE
MKT: EXE), a hosted services company that provides hosted
telecommunications services, broadband Internet services, web
hosting, e-commerce software, search engine optimization training and
link building training for businesses, today announced the asset
purchase of PBX Holdings, LLC d/b/a PBX Central, a premium provider
of hosted telephone services for business, effective June 1, 2013.
PBX Central provides an advanced hosted platform of highly reliable
features and benefits to both end user businesses and value added
resellers. PBX Central offers hosted communications service to more
than 40 service provider partners and tens of thousands of end user
customers. 
This purchase will transfer the complete technology, infrastructure
and
 customers of PBX Central to Crexendo. While Crexendo is not
acquiring any employees in the transaction, Crexendo has entered into
a consulting agreement with one of the principals to assure a smooth
transition and no disruption to any customers.  
Steven G. Mihaylo, Chief Executive Officer, commented, "We are very
pleased with the PBX Central asset purchase. We believe this asset
purchase is a blueprint for future acquisitions. As I have indicated
we intend to grow our business both organically and by acquisitions;
we are in the market for accretive acquisitions which complement our
core offerings. The PBX Central asset purchase meets those criteria.
We expect to add approximately $400,000 to $500,000 in annual
revenues with this acquisition and we expect the acquisition to be
accretive from day one." 
Mihaylo added, "We are confident we will continue to provide the
level of service that the PBX Central customers have enjoyed while
having the opportunity to introduce those customers to some of the
expanded Crexendo offerings. We have spoken with many of the PBX
Central customers and they are very excited about this acquisition.
We do not anticipate any difficulties in adding the PBX Central
services and customers into the Crexendo brand. This acquisition is
part of our management team's commitment to expand our business and
increase shareholder value." 
About Crexendo 
Crexendo is a hosted services company that provides hosted
telecommunications services, broadband Internet services, web
hosting, e-commerce software, search engine optimization training and
link building training for businesses. Our services are designed to
make enterprise-class hosting services available to small and
medium-sized businesses at affordable monthly rates.  
Safe Harbor Statement 
This press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for
such forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "will" and other similar statements of
expectation identify forward-looking statements. Specific
forward-looking statements in this press release include information
about Crexendo (i) intending to grow its business both organically
and by acquisitions; (ii) being in the market for accretive
acquisitions which complement core offerings with the PBX acquisition
meeting those criteria including it being accretive from day one;
(iii) adding approximately $400,000 to $500,000 in annual revenues
with this acquisition; (iv) continuing to provide the level of
service that the PBX customers have enjoyed while having the
opportunity to introduce them to some of the expanded Crexendo
offerings; (v) PBX customers being excited about this acquisition;
(vi) not anticipating any difficulties in adding the PBX services and
customers into the Crexendo brand and (vii) management team
commitment to expand the business and increase shareholder value. 
For a more detailed discussion of risk factors that may affect
Crexendo's operations and results, please refer to the company's Form
10-K for the year ended December 31, 2012, and Form 10Q for the
period ending March 31, 2013. These forward-looking statements speak
only as of the date on which such statements are made, and the
company undertakes no obligation to update such forward-looking
statements, except as required by law. 
Crexendo, Inc. 
Steven G. Mihaylo 
CEO 
602-345-7777 
Smihaylo@crexendo.com  
 
 
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