Koniag Board elects Ron Unger as Chairman

Durham, NC, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Koniag, Inc. has announced that Ron Unger was elected Chairman of the Board by the company's Board of Directors, immediately following its Annual Shareholders Meeting on October 6, 2012. Chris Johnson had served as Chairman for the previous nine years, through a period of growth and diversification for Koniag. Unger, a member of Koniag's board since being elected by its shareholders in 2004, had served as Treasurer from 2005 to 2011, and as Vice-Chairman from 2011 to 2012.

Koniag is a holding company based in Kodiak, Alaska with operating companies and real estate holdings throughout the United States. Originally from Anchorage, Alaska, Unger is President and CEO of WorkSmart, the information technology consulting firm he founded in 2000. Unger is committed to effective leadership as a board director, and has completed the Governance Fellowship program with the National Association of Corporate Directors (NACD). Additionally, Unger served on boards of two of Koniag's subsidiaries that were later sold to publicly traded companies. He currently serves on the board of the North Carolina Technology Association (NCTA).

About Koniag, Inc

Based in Kodiak, Alaska, Koniag manages a diverse portfolio of real estate holdings and operating companies and is committed to benefiting Shareholders through growing dividends, educational scholarships and investments in cultural programs that preserve the Alutiiq heritage of the Kodiak Island region. Koniag was incorporated in 1972 as one of the 13 Regional Corporations formed pursuant to the Alaska Native Claims Settlement Act (ANCSA). With revenues of $127 million in 2011 and assets of $160 million, the corporation operates businesses throughout the U.S., including government contractors, service firms, and technology product companies. For more information, visit www.koniag.com.

About WorkSmart

WorkSmart is the leading business information technology management and support firm in the Carolinas. Founded in the Research Triangle region of North Carolina in 2000, WorkSmart provides computer, network and software support, business continuity planning, enterprise mobility consulting, data security and disaster recovery services. The company is the fastest-growing managed services provider in the region, as noted by the MSP 200 industry index, and has won numerous awards for growth including being named to the Inc. 5000 list six times since 2007. Headquartered in Durham, WorkSmart has offices throughout North Carolina and the Mid-Atlantic region. Learn more at www.worksmart.com.

A file accompanying this release is available at: