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AFS Technologies Inc. Announces the Appointment of Mark Schonau, Chief Financial Officer

AFS Technologies Inc. (AFS) is pleased to announce the appointment of Mark Schonau as Chief Financial Officer.

Mr. Schonau has over 25 years of experience providing financial and operational leadership to a number of successful public and private companies in the technology sector. He has been instrumental in leading the financial teams of organizations experiencing rapid growth organically and via business acquisition. Previous to AFS Technologies, Mark served as the point financial executive in approximately 15 transactions ($.6 billion) including M&A, public offerings, private equity, and public debt. Additionally, after spending eight years at Ernst & Young, Mark held the position of CFO at Cycare Systems, Viasoft, and Cyclone Commerce (Axway).

“Mark brings widespread experience as CFO for both public and VC backed software companies. He has been instrumental in growth, providing sound financial governance and increasing shareholder value for a number of companies, such as Cycare Systems, Viasoft and Cyclone Commerce. We are very fortunate to have Mark on board the AFS Technologies team,” stated Kurien Jacob, CEO of AFS Technologies.

About AFS Technologies Inc.

AFS Technologies Inc. is the leading provider of business enterprise and on-demand software solutions. The company serves over 1,500 customers across the Americas with a portfolio of solutions for the food, beverage, logistics and financial segments. AFS logistics solutions and AFS food and beverage solutions are designed to reduce costs, improve efficiency, increase sales and margins, streamline internal processes, and assist in regulatory compliance. All AFS solutions utilize service-oriented architecture (SOA) built with Microsoft .NET framework technology. With a focus on modular design, the solutions allow customers in manufacturing, sales agencies, distribution, and complex software companies the flexibility to upgrade specific elements of the software without affecting the rest of the system. To match the needs of our diverse customer base, products are available on both a license and true SaaS model basis.

For additional information, please visit www.afsi.com or call (602) 522-8282.

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