AVCT Fuels Next Stage of Growth With Executive Hire & Computex Realignment
May 14 2020 - 5:00PM
American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) (“AVCT”)
announces the addition of Dominick Passanante as Chief Revenue
Officer to its executive team. Mr. Passanante joins
AVCT from Panasonic Corporation where he was a Vice President of
Sales and Channel Operations. He previously served in a
variety of sales leadership positions at Motorola Solutions. He
will be responsible for driving AVCT’s revenue growth across all
lines of business.
In April 2020, AVCT completed a business combination with
Stratos Management Systems, Inc., which does business as Computex
Technology Solutions (“Computex”), a leading IT Solutions and
Managed Services Provider. After 30 years building Computex
into an award-wining solutions provider, founder Sam Haffar has
resigned as Computex’ CEO and from AVCT’s Board of Directors.
With Haffar’s departure, two experienced industry professionals
take on greater roles leading the Computex business:
- Faisal Bhutto has been promoted from Executive Vice President
to President, Cloud and Cybersecurity and will continue to lead the
Managed Services & Cybersecurity divisions of Computex. Bhutto
has 20 years of information technology and cybersecurity experience
and holds an MBA as well as the Cisco Certified Internetwork Expert
certification.
- Worth Davis has been promoted to President, Computex Solutions
Provider business unit from Executive Vice President and Chief
Technology Officer. He will continue to lead Computex’ value-added
reseller and IT Solutions Provider. Davis has 25 years of industry
experience in senior management and previously served as Senior
Director at GDF Suez where he spearheaded large-scale data center
and business transformation projects.
“We wish Sam the best in his future endeavors and are grateful
for his past leadership. We are confident the changes to our
executive team and promotions at Computex will drive growth within
our current business unit and propel the development of our new
product portfolio,” said AVCT CEO Darrell Mays.
About American Virtual Cloud Technologies
AVCT makes comprehensive and innovative cloud-based UCaaS,
Cybersecurity, and IT solutions simple for over 900 enterprise
customers, including 350+ managed service clients. Our mission is
to be your single destination partner for the white-glove delivery
of reliable and secure managed cloud services, hardware, and
software.
For more information, visit www.avctechnologies.com.
Forward Looking Statements This press release
includes certain statements that are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding projections, estimates and forecasts of
revenue and other financial and performance metrics and projections
of market opportunity and expectations. These statements are based
on various assumptions and on the current expectations of AVCT
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of AVCT. These forward looking statements are
subject to a number of risks and uncertainties, including changes
in the Company’s clients’ preferences, prospects and the
competitive conditions prevailing in the industries in which the
Company operates; the Company’s substantial indebtedness; risks
associated with the potential effects of COVID-19 on the Company’s
business; and those factors discussed in the Company’s definitive
proxy statement dated February 13, 2020 under the heading “Risk
Factors,” and other documents of the Company filed, or to be filed,
with the SEC. If the risks materialize or assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that the Company does not presently know of or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans or forecasts of future
events and views as of the date of this press release. The Company
anticipates that subsequent events and developments will cause the
Company’s assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company’s assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
Contact Information: Thomas King, Chief
Financial OfficerPhone: 404.239.2863
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