Crossroads Systems Names Two Additional Board Members

AUSTIN, Texas, Feb. 23, 2018 /PRNewswire/ -- Crossroads Systems, Inc. (OTC Pink: CRSS), today announced that James Pérez Foster and Ray Kembel have joined the board of directors.

James Pérez Foster is a seasoned board member with national Community Development Financial Institution (CDFI) board experience. He is a management consultant with more than 25 years of strategic growth and impact investment advisory experience. A published expert on U.S. underserved market segments for global financial services and banking institutions, he is the founder of Bainbridge Advisors, LLC, a consulting and research firm that serves financial institutions and federal agencies focused on the U.S. Hispanic market and underserved market segments. Pérez Foster also founded Solera National Bancorp, a federally chartered bank holding company that is credited as one of the first Hispanic-markets focused commercial banks in the country. He has a BA in International Relations from Syracuse University's Maxwell School of Citizenship and Public Affairs.

Ray Kembel currently serves as executive vice president at Oakwood Bank. A proven finance professional with a depth of knowledge in both real estate transactions and commercial credit, he has been actively involved in more than $5 billion of real estate and commercial credit transactions since 1993. He previously served in other management positions at Bank of America, Staubach Capital Partners and Green Bank. Kembel holds a Finance degree from The University of Texas at San Antonio and an MBA from The University of Dallas.

About Crossroads Systems
Crossroads Systems, Inc. (OTC Pink: CRSS), is a holding company focused on investing in businesses that promote economic vitality and community development. Crossroads' subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B-Corp which supports Hispanic homeownership with a long term, fixed rate single family mortgage product.

Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Crossroads Systems, Inc. and Capital Plus Financial and involve known and unknown risks, uncertainties 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' and Capital Plus Financial's ability to implement their business strategy, and their ability to achieve or maintain profitability. The future performance of Crossroads Systems and Capital Plus Financial may be adversely affected by the following risks and uncertainties: economic changes affecting homeownership in the geographies where Capital Plus Financial conducts business, developments in lending markets that may not align with Capital Plus Financial's expectations and that may affect Capital Plus Financial's plans to grow its portfolio, variations in quarterly results, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' annual and quarterly reports. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.

©2018 Crossroads Systems, Inc., Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners.

Investor Contact:
Mark Hood
Crossroads Systems

Press Contact:
Matthew Zintel
Zintel Public Relations

View original content with multimedia:http://www.prnewswire.com/news-releases/crossroads-systems-names-two-additional-board-members-300603465.html

SOURCE Crossroads Systems