TUCSON, Ariz., Sept. 19, 2019 /PRNewswire/ -- The Board of
Directors of AudioEye, Inc. (NASDAQ: AEYE), a
leading developer of digital accessibility solutions that provide
barrier-free website access for individuals with
disabilities, has appointed Todd
Bankofier to the new position of Chief Revenue Officer
(CRO). Bankofier ceases to serve as the company's Chief Executive
Officer (CEO), effectively immediately. Executive Chairman
Carr Bettis has assumed operating
responsibilities and will continue to do so until a new CEO has
been appointed.
With support from the Board of Directors and other members of
the management team, AudioEye has initiated a search for a new CEO
to execute on the company's long-term plan to drive growth at
scale.
"On behalf of the entire AudioEye team, I want to extend our
appreciation to Todd for his guidance in helping drive our
fast-growing business to the position of strength we occupy today,"
said Executive Chairman Carr Bettis.
"Under his leadership as CEO, AudioEye reported 14 consecutive
quarters of revenue increases, expanded our footprint to well over
3,000 customers and entered into entirely new markets for digital
accessibility. Todd's track record makes him the ideal leader to
drive our enterprise sales efforts forward as our new CRO."
Bettis continued: "AudioEye has a tangible opportunity ahead for
explosive growth across a number of industries and technology
formats, and we believe we are well positioned to deliver.
Beginning first with our recent CFO appointment, and as the next
step in our long-term succession plan, the board has initiated a
search process for a CEO with proven product and leadership
experience in organizations with scale or rapidly growing in scale
like ours. In the meantime, and with Todd's assistance, I look
forward to taking an increased operational role within the company
to ensure total continuity until we appoint a new CEO."
As CRO, Bankofier will be leading AudioEye's Direct Channel and
will be responsible for driving growth through new customer
acquisition (NCA) in the enterprise segment of the market.
"AudioEye is in its best position to date, but I'm most excited
about where we're going next," said Bankofier. "We have a
tremendous opportunity ahead of us, and I look forward to being a
part of that journey and leading our enterprise sales team to even
greater heights as we work to bring AudioEye everywhere."
About AudioEye, Inc.
AudioEye is a technology company
serving businesses committed to providing equal access to their
digital content. Through patented technology, subject matter
expertise and proprietary processes, AudioEye is transforming how
the world experiences digital content. Leading with technology,
AudioEye identifies and resolves issues of accessibility and
enhances the user experience, making digital content more
accessible and more usable for more people.
AudioEye's common stock trades on the Nasdaq Capital Market
under the symbol "AEYE." The Company maintains offices in
Tucson, Scottsdale, Atlanta,
New York and Washington
D.C. For more information about AudioEye and its online
accessibility solutions, please visit www.audioeye.com.
Forward-Looking Statements
Any statements in this press release about AudioEye's
expectations, beliefs, plans, objectives, prospects, financial
condition, assumptions or future events or performance are not
historical facts and are "forward-looking statements" as that term
is defined under the federal securities laws. Forward-looking
statements are often, but not always, made through the use of words
or phrases such as "believe", "anticipate", "should", "intend",
"plan", "will", "expects", "estimates", "projects", "positioned",
"strategy", "outlook" and similar words. You should read the
statements that contain these types of words carefully. Such
forward-looking statements contained herein include, but are not
limited to, statements regarding future opportunities, growth and
enterprise sales team achievement. These statements are subject to
a number of risks, uncertainties and other factors that could cause
actual results to differ materially from what is expressed or
implied in such forward-looking statements, including the
variability of AudioEye's revenue and financial performance; risks
associated with product development and technological changes; the
acceptance of AudioEye's products in the marketplace by existing
and potential future customers; competition; and general economic
conditions. These and other risks are described more fully in
AudioEye's filings with the Securities and Exchange Commission (the
"SEC"), including AudioEye's Annual Report on Form 10-K for the
year ended December 31, 2018 filed
with the SEC on March 27, 2019. There
may be events in the future that AudioEye is not able to predict
accurately or over which AudioEye has no control. Forward-looking
statements reflect management's view as of the date of this press
release, and AudioEye urges you not to place undue reliance on
these forward-looking statements. AudioEye does not undertake any
obligation to update such forward-looking statements to reflect
events or uncertainties after the date hereof.
Corporate Contact:
AudioEye, Inc.
Dr. Carr Bettis, Executive
Chairman
cbettis@audioeye.com
Investor Contact:
Matt
Glover or Tom Colton
AEYE@gatewayir.com
(949) 574-3860
View original content to download
multimedia:http://www.prnewswire.com/news-releases/audioeye-appoints-todd-bankofier-as-chief-revenue-officer-300922129.html
SOURCE AudioEye, Inc.