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Intellinetics, Inc. Board Announces Murray Gross Retires from Board, Robert Schroeder becomes Board Chairman, Ari Kahn joins Board

COLUMBUS,  OH  –  (October  6,  2017)  –  Intellinetics,  Inc.  (OTCQB:  INLX),  a  cloud‐based  content  services  provider, announced that its Board of Directors has accepted the retirement of Board Chairman, Murray Gross, effective September 30, 2017.   On October 5, 2017, the Board selected Board member Robert C.  Schroeder to serve as Chairman.  Further, Roger (Ari) Kahn joined the Board on October 5, 2017.

After serving as the Chairman of the Board since April 30, 2015, Murray Gross decided to retire, effective September 30, 2017.  Gross co‐founded Pennsylvania‐based Busy Beavers Remodelers, which was acquired in 1972 by Cyclops Corporation, was the President & COO of Facelifters Home Systems from 1987‐1996, which was acquired by AMRE for $44M, and founded US Home Systems in 1997, which was acquired by The Home Depot in 2012 for nearly $100M.

Robert C. Schroeder joined the Board of Directors on September 10, 2013 and has been instrumental in providing guidance on all matters related to financing, as well as accumulating a thorough understanding of the  Enterprise  Content  Management  (ECM)  market  and  the  Intellinetics  value,  strategy,  and  market  opportunity.  Schroeder assumed the role of Chairman of the Board on October 5, 2017.  He has worked at Taglich Brothers, a full service brokerage firm specializing in microcap companies, for 24 years, and is Vice President – Investment Banking.

Ari Kahn joined the Board on October 5, 2017.  Kahn brings a strong track record of software innovation, sales growth, and was the Co‐Founder of FatWire Software, an ECM company which, upon achieving $42M in sales revenue, was acquired by Oracle for $163M.  He has been President & CEO of Bridgeline Digital since 2015, and previously was a partner with Great Land Holdings.

Schroeder, Intellinetics Chairman of the Board of Directors, stated, “I want to thank Murray for his service as Chairman of the Board.  It was a privilege to serve on the Board with him and Intellinetics is in a better spot than when he joined.  The addition of Ari is strongly supported by the Board.  All those we considered for the  Board  have  the  intellect,  integrity,  and  drive  required  for  the  position.  Ari  stood  apart  as  one  who  exceeded the bar we set for every criterion.  I can’t wait to have him bring his energy at this important inflection point for the Company.”

James F. DeSocio, President & CEO of Intellinetics, added, “We will sorely miss Murray’s leadership, guidance, and  deep  understanding  of  business  models.  Simultaneously,  we  are  pleased  to  retain  Rob’s  depth  of  experience  with  software  companies  at  our  stage,  and  welcome  Ari’s  relentless  passion  for  innovation, revenue growth, and business strategy.  We are starting an exciting new chapter for the Company with an amazing team.”

IntelliCloud™ – Powered by the Intel® NUC
IntelliCloud™  is  a  cloud‐based  content  services  platform  that  is  optimized  for  work  teams  within  organizations of any size who are stuck with paper in business‐critical processes. Thousands and thousands of  people  at  any  given  moment  depend  upon  IntelliCloud™  to  perform  their  work.  IntelliCloud™,  which  is strategically  packaged  with  Intel®  technology,  provides  Law  Enforcement  Grade  security  and  compliance  tools  and  is  supported  by  a  growing  network  of  market‐leading  reseller  partners.  Resellers  often  attach IntelliCloud™  to  the  software,  hardware,  and/or  services  they  already  sell,  without  the  sales  or  technical  complexity of other less effective options in the market.

About Intellinetics, Inc.

Intellinetics, Inc. is a Columbus, Ohio‐based content services software company. Its flagship IntelliCloudTM platform is ideal for embedded work teams in organizations of any size stuck in document‐centric processes that are not optimized. IntelliCloud offers a painless way to merge those documents into digital workflows, increasing service levels, compliance and customer satisfaction while decreasing costs and risk. Intellinetics collaborated with Intel® to create its IntelliCloud Channel Program that enables resellers to easily embed IntelliCloud into the copiers, productivity software and services they already provide. IntelliCloud provides dealers  a  “deploy  once,  use  many”  innovation  where  one  IntelliCloud  customer  sale/activation  creates  endless possibilities to add other software applications that deliver more value and increase revenue. For additional information, please visit:  www.intellinetics.com.

Cautionary Statement

Statements  in  this  press  release  which  are  not  purely  historical,  including  statements  regarding  future  business  and  new  revenues  associated  with  any  channel  partner,  distribution  partner,  reseller,  or  other relationship;  Intellinetics’  future  revenues  and  growth;  market  penetration;  execution  of  Intellinetics’  business plan; and other intentions, beliefs, expectations, representations, projections, plans or strategies regarding  future  growth,  financial  results,  and  other  future  events  are  forward‐looking  statements.  The  forward‐looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in Intellinetics’ cash flow or adequacy of capital resources, market acceptance risks, the success of Intellinetics’ channel partners and distribution partners, technical development risks, and other risks and uncertainties discussed in Intellinetics’ most recent annual report on Form 10‐K and subsequently filed Form 10‐Qs and Form 8‐Ks. Intellinetics cautions investors not to place undue reliance on the forward‐looking statements contained in this  press  release.  Intellinetics  disclaims  any  obligation  and  does  not  undertake  to  update  or  revise  any  forward‐looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics on its website at www.intellinetics.com  or at www.sec.gov.

CONTACT:
Joe Spain, CFO
Intellinetics, Inc.
614.921.8170 investors@intellinetics.com

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Columbus, Ohio 43228
http://www.intellinetics.com/
Phone: 614-921-8170
info@intellinetics.com
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