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Crossroads Systems Appoints Richard K. Coleman, Jr. as President and CEO


Crossroads Systems Appoints Richard K. Coleman, Jr. as President and CEO

AUSTIN, TX -- (Marketwired) -- 11/22/13 -- Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, today announced the appointment of Richard K. Coleman, Jr. as president and chief executive officer. Mr. Coleman had previously been serving as interim president and chief executive since May 2013.

With a lengthy background as a private investor and business advisor, Mr. Coleman founded Rocky Mountain Venture Services (RMVS), helping technology companies plan and launch new business ventures and restructuring initiatives since 1998. He has served in a variety of senior operational roles, including CEO of Vroom Technologies, COO of MetroNet Communications, and President of US West Long Distance. He also led Sprint Communications' Technology Management Division.

He previously served as an adjunct professor for Regis University's graduate management program and is currently a guest lecturer for Denver University, focusing on leadership and ethics. Mr. Coleman holds a bachelor's degree from the United States Air Force Academy, an MBA from Golden Gate University, and is a graduate of the United States Air Force Communications Systems Officer School.

"Crossroads has made dramatic progress on all fronts in the last six months," Coleman said. "I'm excited to be part of this team and to help write the next chapter in what will ultimately be the story of a great company."

About Crossroads Systems Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.

Important Cautions Regarding Forward-Looking Statements This press release includes forward-looking statements that relate to the business and future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertaintie s and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to obtain, maintain or protect patent and other proprietary intellectual property rights, future capital requirements, regulatory actions or delays, competition in general, and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.

All product and company names herein may be trademarks of their registered owners.

Copyright2013 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.

Crossroads Contact: Jennifer Crane Crossroads Systems jcrane@crossroads.com 512.928.6897 or 800.643.7148

Crossroads Investor Contact: Mark Hood Crossroads Systems mhood@crossroads.com 512.928.7330

Crossroads Press Contact: Matthew Zintel Zintel Public Relations matthew.zintel@zintelpr.com 281.444.1590

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