ATLANTA, 7 May 2008 — TRX, Inc. (NASDAQ: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the appointment of William A. Clement, Jr. to the Company's Board of Directors. He will serve as a director and as a member of the Audit Committee and the Compensation, Corporate Governance, and Nominating Committee of the Company's Board of Directors.
Mr. Clement is considered to be an independent director, as defined by the rules of the NASDAQ Stock Market, and an audit committee financial expert, as defined by the Securities and Exchange Commission.
Mr. Clement is the Chairman & CEO of DOBBS, RAM & Company, a systems integration company that he founded in 1981. He has served in various key roles in the public and private sector during his 40 year career, working in leadership positions with the financial sector. He has also served on several corporate and non-profit boards.
"We are excited for Bill to join our Board of Directors," commented Trip Davis, TRX President and CEO. "He brings strong leadership skills, financial background, and great experience to our Board, management team, and shareholders."
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the PSLRA. Any such forward-looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to, the loss of key clients, volatility in the number of transactions we service, failure or interruptions of our software, hardware and other systems, industry declines, competitive pressures and other risks, including those discussed under the heading entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2007.
Forward-looking statements are predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. TRX, Inc. cautions investors that any forward-looking statements we make are not guarantees or indicative of future performance.
|
