Monday, February 02, 2009 6:32:41 PM
Exobox CEO, Robert Dillon, stated, "With these two new independent directors, we now comply with the governance requirements of the major securities listing exchanges such as the Nasdaq(R) and the American Stock Exchange(R) related to having a majority of independent directors and an independent financial expert on the Board. We are very pleased to have accomplished this approximately eight months prior to the deadline set under Sarbanes Oxley legislation for companies like Exobox and to have done so with the addition of such outstanding candidates as Mr. Turner and Mr. Lesem."
Looks like we have less than 7 months to find two replacements.
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