Verso Replaces CEO

Verso announces management changes

April 14, 2008

1 Min Read

ATLANTA -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced today that Mark H. Dunaway, presently President and Chief Operating Officer, will assume the additional role as Chief Executive Officer succeeding Steven A. Odom. Mr. Odom has also ceased serving as a director of the Company.

Mark Dunaway has served as a Director of the Company since June 1, 2005 and as President and Chief Operating Officer since July 1, 2007. Mr. Dunaway also served as a member of the Audit Committee from June 1, 2005 until July 1, 2007. From October 2004 to June 2007, he served as Chairman and Chief Executive Officer of Composite Materials Technology, LLC, a provider of engineering products. From July 1, 2001 to September 2004, he was a partner in Criterion partners, LLC, a private investment company. From July 1993 to June 2001, he served as Chairman and Chief Executive Officer for PNI Technologies, a wireless network company.

"Steve Odom has devoted a great deal of energy and dedication to Verso," said Mark Dunaway. "The Board of Verso thanks him for his contribution over the many years of his service."

Verso Technologies Inc. (Nasdaq: VRSO)

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