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MILWAUKEE, June 10, 2013 (GLOBE NEWSWIRE) -- ARI Network Services (OTCBB:ARIS), a leading provider of website, software and data solutions that help dealers, distributors, and manufacturers Sell More Stuff!™, announced today that Dwight B. Mamanteo, of New York City, NY, has been elected to its Board of Directors. Mr. Mamanteo will serve until the company's Annual Meeting in January 2014, at which time he will be subject to election by the shareholders.
Currently, Mr. Mamanteo is a Portfolio Manager at
Wynnefield Capital, Inc., a private investment management firm. He is also a Director of
MAM Software Group, Inc. (Nasdaq:MAMS), a leading provider of innovative software and data solutions for a wide range of businesses, including automotive aftermarket. Prior to joining Wynnefield Capital, Mamanteo worked in the technology sector holding various positions with BEA Systems, VISA International, Ericsson, UNISYS, and as an independent consultant. Mr. Mamanteo has also served on the Board of Directors of CDC Software Corporation, a leading provider of Enterprise CRM and ERP software and EasyLink Services International Corporation, a leading global provider of on-demand electronic messaging and transaction services. Mr. Mamanteo holds an M.B.A. from the Columbia University Graduate School of Business and a B.Eng. in Electrical Engineering from Concordia University in Montreal, Quebec.
"The addition of Dwight to our Board of Directors expands the Board's Wall Street and automotive aftermarket experience," said Roy W. Olivier, President and CEO of ARI. "In addition, Dwight's experience with MAM Software's recent listing on NASDAQ and help to increase their recent share price from $0.60 to over $4.00, will provide us with invaluable insight as we work to increase our own shareholder value. I look forward to working with him and am confident that his contributions will help us grow the business."
"With nearly 20 years of experience investing and working with technology-related companies, Dwight will help strengthen our Board," said Brian E. Dearing, ARI's Chairman of the Board. "We are delighted to welcome Dwight as our newest independent member of the Board of Directors."