Bharat Gupte joins CitiXsys Board of Directors

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Industry Veteran Brings over 30 years of Global Marketing, Operational & Technical Experience

CitiXsys, a leading provider of software solutions for the Retail and Wholesale Distribution Supply Chain, recently appointed Bharat Gupte to its Board of Directors. With over 30 years of financial, operational and marketing experience, Bharat has been instrumental in helping companies globally achieve business growth and profitability and led organizations through successful mergers and acquisitions.

"Bharat brings an incredible wealth of knowledge and experience to CitiXsys from having helped run various organizations to the pinnacle of success," said Kamal Karmakar, CEO of CitiXsys. "Bharat has spent several decades overseeing the operations of many multi-million dollar companies. His track record of driving business growth and propelling positive business changes will be a key asset in taking CitiXsys ahead. We look forward to benefiting from his insights and experience," he added.

From 2000 to 2005, Bharat served as the Managing Director of Redwood Venture Partners, a private equity firm. Prior to joining Redwood Ventures, he served as President and COO of the Optical Components Division of Oki Semiconductor (a division of Oki Electric Industry, a member of the Nikkei 225). Before heading operations at Optical Components, he was Vice President and General Manager of Standard Products, another business unit of Oki Semiconductor with high growth in products targeted at the communications segment. In 1998, he was appointed a member of Oki Semiconductor's Board of Directors. Before joining Oki in 1989, he served as Director of Marketing and International Sales for Inova Microelectronics, successfully repositioning the company as an SRAM supplier. Still earlier, he was a Directorate Marketing Manager with Advanced Micro Devices (NYSE: AMD) for a $50M product line.

Bharat's past experiences includes executive management positions in multi-billion dollar organizations both domestically and internationally. He sits on the boards of LumaSense Technologies, Niksun and Stratosphere Solutions. He has also served on the boards of Optovation (photonics subsystems), Gtran Inc. (optical subsystems), Nextnine (software services), Tavanza (wireless RF), GWS Photonics (semiconductors), Axcel Photonics (photonics) and Kromos (satellite communications), Lambent Technologies (sold to Induslogic in 2006). Other companies he has worked closely with include Gtran Wireless (cellular products), Nazomi (cell phone accelerators), Ashvattha (wireless RF components) and Pranalytica (Security systems).

Bharat was also instrumental in executing Tavanza's sale to Celeritek (Nasq:CLTK); Gtran Wireless sale to Flextronics (Jan 2004); Mesh Networks sale to Motorola (Nov 2004) and Axcel Photonics to a private investor. He has been actively involved in successful mergers that include Kromos with AnaCom Inc. and Optovation with Laurel Networks. He led the successful IPO of Magma in November 2001. In addition he also served as an advisor to Opelin, an automatic remote backup storage software company that was later sold to Hewlett Packard in 2007.

Bharat has an MBA from The Wharton School at the University of Pennsylvania, and also holds an engineering degree from the Indian Institute of Technology in New Delhi.

About CitiXsys:
CitiXsys is a leading provider of products for SAP® Business One in the Retail and Wholesale Distribution Supply Chain. The largest SAP® Business One Solutions Partner globally, CitiXsys also provides implementation, integration and customization services to SAP partners and customers worldwide. CitiXsys clients have realized the promise of the CitiXsys Advantage: innovation, on-time service delivery, rapid return on investment and high quality products and solutions.

CitiXsys helps clients across North America, Europe, Asia Pacific regions and Africa realize high business impact and value from improved retail, wholesale and distribution solutions in the Business One landscape. Acknowledged as a leading Business One Solution Provider by industry analysts and experts, CitiXsys clients include globally recognized companies such as American Express, SAP, Swarovski Optik, Greiche & Scaff, Britannia, Wellborn Cabinet, Inc., Biotique, Colio Wines, Margaret Howell and Alcan.

CitiXsys has been acknowledged as the SME Global Innovation Partner by SAP, and is the recipient of the SAP® Pinnacle Award, a global recognition given by SAP to CitiXsys in 2008.
The company has its corporate headquarters in New York City and offices in the U.S, Canada, U.K, Australia and India. For more information please visit: http://www.citixsys.com

All product and service names mentioned are the trademarks of their respective companies. SAP® and other SAP® products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP® AG in Germany and in several other countries globally. Data contained in this document serve informational purposes only. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to CitiXsys are intended to identify such forward-looking statements. CitiXsys undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

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Sangeeta Mehrotra
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