RESTON, Va., July 07, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical
technology, cyber, and data solutions to the U.S. Government, announced today that Paul Fernandes, President of STG, will be
retiring from the Company. In accordance with STG Group’s commitment to strengthening its capable and experienced management team,
Paul plans to continue as President of the Company until the end of the year, pending the appointment of a CEO.
Since the Company’s completed business combination with Global Defense & National Security Systems, Inc. late last year, STG
Group has made several key additions to its leadership team. These include Charles “Chuck” Cosgrove as Chief Financial Officer,
Dale Davis as Chief Integration Officer, Gavin Long as Senior Vice President of Corporate Development, Joseph Nicholas as Senior
Vice President of the Cybersecurity Business and Tim Denning as Vice President of Business Development.
Chairman of the Board, Simon Lee, said, “I am grateful for the substantial contributions that Paul has made to STG during his
twelve years with the Company. His leadership has been instrumental in guiding the Company toward new opportunities and
future growth, and we will continue our effort to advance the national security of the United States and its allies through the
creative excellence of our team, our capabilities and our operations.”
Mr. Fernandes added, “It has been an honor to lead such a talented team during this period of change. I believe STG is among the
best service and solution providers in the industry. The new leaders we have added over the last several months will provide top
quality service for all of our customers and endeavor to continue to expand the Company’s breadth of capabilities. I look forward
to supporting the onboarding of a CEO to lead the Company’s robust plans for growth.”
About STG
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal
Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness
of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company.
Visit STG at www.stg.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s expected
financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations,
beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are
not historical facts. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking
statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results
may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks
and uncertainties include, among others, risks relating to success in retaining or recruiting a chief executive officer, other
officers, key employees or directors, the potential liquidity and trading of our securities, and the size of our addressable
markets and the amount of U.S. government spending on private contractors. In addition, please refer to risks described in
the “Risk Factors” in STG’s Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also
refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other
important factors that could cause its financial and operational results to differ materially from those contained in the
forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements
after the date of this press release to conform to actual results.
STG Group, Inc. Contact: Bobby Winters or Mike Anderson, Alpha IR Group 929-266-6315 STGG@alpha-ir.com