LOUISVILLE, Ky., Sept. 13, 2018 /PRNewswire/ -- Creative
Realities, Inc. ("Creative Realities," "CRI," or the "Company") (OTCQX: CREX), a leading provider of digital marketing solutions,
has submitted its formal application to list the Company's common stock in the U.S. on the NASDAQ Capital Market and has effected
changes in its Board of Directors to comply with NASDAQ governance requirements.
"We believe up-listing from the OTC Market to the NASDAQ Capital Market will broaden access to Creative Realities by the
financial community," said Rick Mills, the CEO of Creative Realities. "Being in a position to list
our common stock on the NASDAQ Capital Market reflects significant progress that has been made in building our financial and
liquidity standards, positioning the Company for future growth and profitability, and strengthening our corporate
governance."
Effective as of September 7, 2018, each of Mr. Patrick O'Brien
and Mr. Eric Bertrand resigned from the Board of Directors of Creative Realities, Inc. On that
same date, the Board of Directors appointed Mr. Joseph Manko, Jr. to serve as a director on the
Board of Directors. Mr. Manko has been an observer of the Board since 2014 and is expected to serve on the Audit Committee
and Compensation Committee of the Board of Directors, each newly formed and constituted by the Board of Directors.
Mr. Manko is an experienced Board member and Senior Principal in Horton Capital Management LLC, the investment manager for the
Horton Capital Partners Fund, LP ("Horton Fund"), and significant shareholder in the Company. Mr. Manko has over 20 years of
investment experience in the asset management, investment banking, private equity and corporate securities markets, including
senior roles at Deutsche Bank in London and Merrill Lynch in Hong
Kong. Prior to founding the Horton Fund, Mr. Manko was a Partner and Chief Executive Officer of Switzerland-based BZ Fund Management Limited. Mr. Manko began his career as a corporate finance attorney at
Skadden, Arps, Slate, Meagher & Flom and earned both his B.A. and Juris Doctorate from the University of
Pennsylvania.
"We thank Patrick O'Brien and Eric Bertrand for their excellent
work and tireless efforts as Board members in serving Creative Realities and helping to drive this organization towards its
goals. I am personally grateful for the insights and knowledge each have shared during their time on the Board of Directors and
we will continue to rely on their expertise as we take the next steps in our journey," Mr. Mills stated. "Mr. Manko's proven
track record in corporate finance and capital markets will be highly valuable as we continue our journey towards being an
industry consolidator."
Acceptance for listing Company shares is subject to approval, in part, based on the Company's ability to meet minimum listing
requirements for the NASDAQ Capital Market. While the Company intends to satisfy all of the applicable listing criteria, no
assurance can be given that its application will be approved. During the NASDAQ review process, the Company's common stock will
continue to trade in the U.S. on the OTC Market under its current symbol, CREX.
About NASDAQ
The NASDAQ Stock Market is global electronic marketplace for buying and selling securities. It was created by the
National Association of Securities Dealers ("NASD") to enable investors to trade securities on a computerized, speedy and
transparent system. For more about the NASDAQ, go to www.nasdaq.com.
About Creative Realities, Inc.
Creative Realities helps retailers and brands use the latest technologies to inspire shopper engagement in and around
their stores. Founded over 15 years ago, the firm's evolving client base has led to recognized leadership in deploying
technology aligned with strategic and consumer behavior goals at Retail. The firm has created and delivered consumer/shopper
experiences, designs and installs high-end audio-visual networks, and is actively providing recurring SaaS and support services
across diverse categories: Automotive, Apparel & Accessories, Banking, Baby/Children, Beauty, CPG, Department Stores, Digital
Out-of-Home (DOOH), Electronics, Fashion, Fitness, Foodservice/QSR, Financial Services, Gaming, Luxury, Mass Merchants, Mobile
Operators, and Pharmacy Retail.
Cautionary Note on Forward-Looking Statements
This press release contains certain statements that would be deemed "forward-looking statements" under Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and includes, among other things, discussions
of our business strategies, future operations and capital resources. Words such as "may," "likely," "anticipate," "expect"
and "believe" indicate forward-looking statements.
These forward-looking statements may reflect management's present expectations and estimates regarding future expenses,
revenue and profitability, trends affecting our financial condition and results of operations, operating efficiencies, revenue
opportunities, potential new markets, and the ability of the Company to effectively compete in a highly competitive market.
Nevertheless, and despite the fact that management's expectations and estimates are based on assumptions management believes to
be reasonable and data management believes to be reliable, the Company's actual results, performance, or achievements are subject
to future risks and uncertainties, any of which could materially affect the Company's actual performance. Risks and
uncertainties that could affect such performance include, but are not limited to: the adequacy of funds for future
operations; future expenses, revenue and profitability; trends affecting financial condition and results of operations; ability
to convert proposals into customer orders; the ability of customers to pay for products and services; the impact of changing
customer requirements upon revenue recognition; customer cancellations; the availability and terms of additional capital; ability
to develop new products; dependence on key suppliers, manufacturers and strategic partners; industry trends and the competitive
environment; the impact of the Company's financial condition upon customer and prospective customer relationships; and the impact
of losing one or more senior executives or failing to attract additional key personnel. These and other risk factors are
discussed in Company reports filed with the Securities and Exchange Commission.
Given these uncertainties, and the fact that forward-looking statements represent management's estimates and assumption as of
the date of this press release, you should not attribute undue certainty to these forward-looking statements. We assume no
obligation to update any forward-looking statements publicly, or to update the reasons why actual results could differ materially
from those anticipated in any forward-looking statements contained in this press release, even if new information becomes
available in the future.
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SOURCE Creative Realities, Inc.