Smart Online to Open India Office for Growth of Development Operations.RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. -- Smart Online (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SOLN SOLN Solution ), a leading provider of Software-as-a-Service (SaaS) applications for the small business market, has appointed its current Chief Technology Officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ), Anil Kamath, to lead Smart Online's development efforts in India. Its current VP of Internet Development Jose Collazo, a long-time Smart Online employee, will assume the role of U.S. Chief Technology Officer. This change demonstrates the steps Smart Online is taking to organize its development operations to meet the growing needs of new partner demands. "By having an integrated development team that has the ability to offer round-the-clock operations we believe will better serve all of our technology objectives including our partner's vertical solutions, as well as add new features and functions," said Michael Nouri, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of Smart Online, Inc. "This is one of many important steps we are taking to prepare for our planned growth. We are dedicated to building an infrastructure that has a cost-effective development operation that can deliver cutting edge technological solutions available in the Software-as-a-Service market." About Smart Online, Inc. Smart Online, Inc. (OTCBB: SOLN) delivers private-label, Software-as-a-Service (SaaS) applications designed to enable its corporate partners to acquire and retain small business customers. Smart Online's applications help partners increase their recurring revenue, while aiding their small business customers to more efficiently start, manage, and grow their businesses. To learn more, please visit http://www.smartonline.com. Smart Online and the Smart Online logo are trademarks and/or registered trademarks of Smart Online Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Other marks belong to their respective owners. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements in this press release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of many factors, including, but not limited to, delays in development schedules, changes in market conditions, product announcements by other companies, customer perception of the value of Smart Online's products, Smart Online's dependence on corporate partners to market its products, and its ability to effectively manage growth. For further information regarding risks and uncertainties associated with Smart Online's business, please refer to the Risk Factors section of Smart Online's SEC filings, including, but not limited to, its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006 and the Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , copies of which may be obtained on the web site of the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Smart Online on the date hereof. Smart Online undertakes no duty to update any forward-looking statement or to conform the statement to actual results or changes in Smart Online's expectations. |
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