Dedicated and Cloud Hosting Services Provider Codero Names Industry Veteran Emil Sayegh as President and CEO

LENEXA, KAN., FEBRUARY 29, 2012 — Codero Hosting (www.codero.com), a leading
provider of dedicated, managed, and cloud hosting services, has named Emil
Sayegh as President and CEO. He will also serve on its Board of Directors.
Sayegh succeeds Jonathan Ewert, who will remain on the Board.

Codero supports business customers worldwide through a reliable IT Hosting
portfolio that spans dedicated, managed, and cloud services. Sayegh will focus
his efforts on expanding Codero’s portfolio and growing its customer base,
leveraging Codero’s reliable product set and its consistently high customer
satisfaction ratings.

In the next six months, Codero plans to add additional staff to its current
headquarters in Lenexa, Kansas and office in Phoenix, Arizona, and open a new
office in Austin, Texas where the rapidly growing technology industry offers a
highly skilled pool of technology workers and prospective customers.

'I am honored to join Codero as the IT industry shifts away from internally run
data centers and onto hosted IT infrastructure providers. Codero’s reliability,
stability, and customer service make it a compelling alternative to other
players in the hosting space,” said Sayegh. 'As a specialist in hosting, Codero
already offers cost, flexibility, and scalability advantages to a rapidly
growing base of business customers. As we further expand our portfolio and
offerings in both existing and new markets, Codero is primed to become the
trusted source for IT infrastructure hosting solutions for businesses of all
sizes.”

Sayegh previously led and expanded successful cloud computing and hosting
businesses for HP (NYSE: HPQ) and Rackspace Inc. (NYSE: RAX). At HP he was the
Vice President of Cloud Services and led the company’s entry into the public
cloud by leveraging HP technology and OpenStack, the open source cloud computing
operating system. Prior to HP, Sayegh was the Vice President and General Manager
of the Cloud Computing Division at Rackspace. During his tenure there, he led
Rackspace’s entry into the emerging public cloud market and rapidly grew the
business to more than 100,000 clients. He also spent more than 15 years in the
IT industry in successful marketing, product management, and product development
leadership roles at Dell Inc., RLX Technologies (acquired by HP), and Compaq
(acquired by HP). Sayegh will be based in Codero’s new Austin office.

“Emil is a high-energy strategic thinker and a goal-focused leader from the
heart of the hosting and cloud computing industry. We are very pleased to
welcome him to Codero knowing that he will successfully implement strategies to
accelerate customer and revenue growth,” said Tyler Newton, Chairman of Codero’s
Board of Directors and partner with growth private equity firm Catalyst
Investors, Codero's principal investor. “We are also appreciative of his
predecessor, Jonathan Ewert, a Catalyst Entrepreneur who came into Codero at a
critical time and has positioned the company for success. Catalyst Investors
looks forward to other exciting opportunities to work with Jonathan.”

Since its launch in 2009, Codero has been recognized with multiple industry
awards as the most reliable, trusted dedicated and managed hosting service
provider. Codero has also achieved a number of business milestones, including
SAS 70 Type II certification, PCI compliance, and Microsoft Gold Certification.
Codero’s hybrid hosting platform of dedicated, managed, and cloud services
serves thousands of business customers worldwide and hundreds of thousands of
both simple and complex web sites and applications, including gaming platforms
and back office applications.

About Codero
Codero Hosting delivers world-class dedicated, managed, and cloud hybrid hosting
solutions on-demand for businesses of all sizes on a global basis. Codero
integrates innovative industry-leading IT hosting solutions that are fully
automated with all customer service delivered by a seasoned and highly technical
US-based team. This allows companies to confidently outsource their IT hosting
needs while empowering them with complete control over their IT environment.
Codero offers hosting from its Phoenix, Arizona and Chicago, Illinois data
centers, and will soon begin offering services out of its Ashburn, Virginia data
center. All Codero services and products are backed by SAS 70 Type II secure
data centers, live U.S.-based 24/7/365 support and a seasoned staff. An
industry innovator, Codero has the only customer loyalty Rewards Program of any
of the major industry players, as well as attractive, and rewarding affiliate,
channel, and reseller programs. Codero is backed by growth private equity firm
Catalyst Investors. For more information about Codero, please visit
www.codero.com or connect with Codero on Twitter and Facebook.