Lattice Taps Noted Executive Leader To Accelerate Company’s Growth

PENNSAUKEN, N.J.--()--Lattice Incorporated (OTCBB: LTTC), a provider of secure technology solutions to key government agencies and enterprise customers, announced today that Ralph Alexander, CEO of the newly acquired CLR Group, has been appointed CEO of Lattice Government Services, a division of Lattice Incorporated.

As the new head of the division, Alexander, an experienced M&A transaction expert, is expected to significantly accelerate the company’s growth.

Lattice announced last month the acquisition of Cummings Creek Capital, the holding company for CLR Group, an O’Fallon, IL-based company with a strong record of delivering technology and systems for the U.S. Military, including the U.S. Air Force Transportation, Material and Air Mobility Commands, and NASA. CLR has a strong technology platform that will increase the scale and capabilities of Lattice Government Services and is expected to add approximately $4 million in annual revenues.

CEO Paul Burgess said, “Ralph Alexander is a highly seasoned executive and a well established financial leader with over three decades of experience in leading financial and operational aspects of rapidly growing companies. He has successfully completed more than 15 M&A transactions, including the ATS acquisition of Number Six Software, where he was chairman and CFO for five years. We are delighted to have him join our management team and we look forward to his contributions to our future growth.”

Prior to Number Six, Alexander was president and CEO of Blueprint Technologies and President and COO of Landmark Systems Corporation. Before joining Landmark, he was EVP and CFO of Rational Software. Earlier in his career, he held various financial and senior positions at Bethesda Research Labs, Xerox Corporation, American Totalisator Company, and Arthur Anderson & Co.

Alexander holds a BS Degree in Management and Accounting from the University of Baltimore, attended its law school, and did graduate work in finance at Loyola College.

About Lattice Incorporated

Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company’s Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company’s Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.

An investment profile about Lattice Incorporated may be found at http://www.hawkassociates.com/lttcprofile.aspx.

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Safe Harbor Statement

Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.

Contacts

Hawk Associates
Investor Relations contact:
Frank Hawkins, 305-451-1888
lattice@hawkassociates.com

Release Summary

Ralph Alexander, an experienced M&A transaction expert, is expected to significantly accelerate the growth of Lattice Government Services. Lattice provides software and technology to govt agencies

Contacts

Hawk Associates
Investor Relations contact:
Frank Hawkins, 305-451-1888
lattice@hawkassociates.com