nFusz Appoints Financial Expert Kenneth S. Cragun to Board of Directors
September 04 2018 - 7:05AM
- Brings Over 30 Years Financial Experience to
Leadership Team
HOLLYWOOD, Calif., Sept. 04, 2018 (GLOBE NEWSWIRE) -- nFusz,
Inc. (OTCQB: FUSZ), a leader in business-focused interactive video,
and the pioneer of augmented sales intelligence software, announced
it appointed Kenneth S. Cragun to its board of directors.
“We are fortunate to welcome a professional of Ken Cragun’s
stature to our Board of Directors,” stated nFusz CEO Rory J.
Cutaia. “As we continue to pursue our plans to uplist to NASDAQ,
Ken’s knowledge and experience will be instrumental. He brings over
30 years of national exchange financial expertise, including
experience in capital structure improvement, mergers &
acquisitions, and the follow-on integration strategies and
execution. With a Deloitte CPA background, billion-dollar
market-cap CFO experience for NASDAQ-listed technology companies,
and expertise in SEC reporting, cash management, and sophisticated
financial audits, Ken is an ideal choice to chair our Audit
Committee,” continued Mr. Cutaia.
“nFusz’s technology is truly ground-breaking and well-positioned
to disrupt the customer relationship management software sector and
beyond,” stated Mr. Cragun. “I am excited to roll-up my
sleeves and dive-in to assist the company to execute its plans for
global growth, both organically and through accretive acquisitions.
This is an exciting time for nFusz and its stockholders.”
Mr. Cragun’s appointment as an independent director will be
effective September 10, 2018. He will serve on each of
nFusz’s three Board committees: Audit, Compensation, Governance and
Nominating, and will also serve as Audit Committee Chair.
About Kenneth S. Cragun
A highly regarded,
strategic-thinking financial executive, comfortable in fast-growth
and dynamic environments, Ken Cragun has more than 30-years
experience leading major financing transactions, including IPOs,
completing acquisitions and executing integration strategies, and
building teams in more than 20 countries. Mr. Cragun has broad
business knowledge combined with strong technical skills related to
GAAP accounting and SEC reporting. His area of focus has been in
the technology and digital marketing sectors, including SaaS model
software companies, with CFO experience in multi-national
businesses of up to $600 million in annual revenue.
Mr. Cragun is currently Chief Financial Officer of CorVel
Corporation, (NASDAQ: CRVL), a $1.1B market cap company and a
nationwide leader in technology driven risk management programs.
Mr. Cragun has been with CorVel since January 2018. He is also a
CFO Partner at Hardesty, LLC, a national executive services firm
since October 2016. Among his achievements prior to joining CorVel,
Mr. Cragun served as chief financial officer of two NASDAQ-listed
companies: Local Corporation, from April 2009 to September 2016,
which operated Local.com, a U.S. top 100 website; and Modtech
Holdings, Inc., from June 2006 to March 2009, a supplier of modular
buildings. Mr. Cragun is also a CPA and began his
professional career at Deloitte.
Mr. Cragun earned his BS in Accounting from Colorado State
University-Pueblo and his AAS in Business Management from Brigham
Young University-Idaho. He is also a two-time finalist for the
Orange County Business Journal “CFO of the Year” – Public
Companies.
About nFusz,
Inc.
nFüsz, Inc. (OTCQB: FUSZ) is a recognized leader in
business-focused interactive video and a pioneer of augmented sales
intelligence software. The company’s flagship product,
notifiCRM, is the first interactive video-based customer
relationship management (CRM) platform that allows anyone to
create, distribute, post, track, and measure interactive videos
that do the selling for you, effectively eliminating friction and
sales skill from the sales process. Prospects and customers
can respond to a call to action by clicking right in the video,
while the video is playing and while their interest level is piqued
– and no download of any kind is required. nFusz products are
cloud-based, Software-as-a-Service (SaaS), and are accessible on
all mobile and desktop devices. nFusz users report significant
increases in engagement and conversion rates and the company’s
enterprise-class global platform can accommodate any size campaign
or sales organization. nFusz products give business
professionals the tools they need to compete effectively in today’s
video-centric business and social media environment. The
company’s newest products, also based on its interactive video
technology platform, include notifiMED, for the healthcare
industry, and notifiEDU, for the education sector. For more
information on nFüsz, Inc., visit www.nFusz.com.
Safe Harbor Statement
This press release may
contain “forward-looking” information within the meaning of the
Private Securities Litigation Reform Act of 1995. In accordance
with the safe harbor provisions of this Act, statements contained
herein that look forward in time that include everything other than
historical information, involve risks and uncertainties that may
affect the Company’s actual results. There can be no assurance that
such statements will prove to be accurate and there are a number of
important factors that could cause actual results to differ
materially from those expressed in any forward-looking statements
made by the Company, including, but not limited to, plans and
objectives of management for future operations or products, the
market acceptance or future success of our products, and our future
financial performance. The Company cautions that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2017, and other filings with the U. S. Securities and Exchange
Commission (available at www.sec.gov). The Company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events, or
otherwise.
Contact Information
LHA Investor Relations, Kirsten Chapman/Moriah Shilton
415-433-3777 nfusz@lhai.com