Richard Coleman, Jr. and Jeffrey Eberwein, Board's Directors, Crossroads

Crossroads Systems, Inc. announced the appointment of two new independent directors to its board of directors.

On April 29, 2013, the board of directors of the company elected Richard K. Coleman, Jr. and Jeffrey E. Eberwein as directors of the company.

Steven Ledger, COB of the company, and Joseph Hartnett, a director of the company, have each notified the company that they will not be standing for re-election at the company’s 2013 Annual Meeting of Stockholders.

Eberwein will become the COB once Ledger’s term ends.

Coleman is a private investor and technological advisor. His company, Rocky Mountain Venture Services (RMVS), has helped technology companies plan and launch new business ventures and restructuring initiatives since 1998. He has served in a variety of senior operational roles, including CEO of Vroom Technologies, COO of Metronet Communications, and president of US West Long Distance, and has also held officer-level positions with Frontier Communications, Centex Telemanagement, and Sprint Communications culminating in his appointment to lead its technology management division. He began his career as an Air Force Telecommunications officer managing Department of Defense R&D projects. He has served as an adjunct professor for Regis University‘s Graduate management program and is a guest lecturer for Denver University, focusing on leadership and ethics.

Coleman has served on a number of private, public, and non-profit boards and currently serves on the board of directors of NTS, Inc., Track Innovations Ltd., and Aetrium Incorporated.

He holds a B.S. Degree from the United States Air Force Academy, an M.B.A. from Golden Gate University, and is a graduate of the United States Air Force Communications Systems Officer School.

Eberwein is the founder and CEO of Lone Star Value Investors, LLC, an investment firm. He has 20 years of Wall Street experience, including 16 years in investment management and four years in investment banking. Prior to founding Lone Star, he served as a portfolio manager for 11 years, most recently at Soros Fund Management and prior to that at Viking Global Investors and Cumberland Associates. He is COB of Digirad Corporation and serves on the board of directors of The Goldfield Corporation, NTS, Inc., On Track Innovations Ltd and Aetrium Incorporated. He is the treasurer and serves on the executive committee of the board of Hope for New York, a 501(c)(3) organization dedicated to serving the poor in New York City.