Clearone's Zee Hakimoglu Named North American Audio Conferencing CEO of the Year by Frost & Sullivan

January 25, 2007
Clearone's Zee Hakimoglu Named North American Audio Conferencing CEO of the Year by Frost & SullivanSALT LAKE CITY--(BUSINESS WIRE)----ClearOne (OTC: CLRO.OB) , the global provider of audio conferencing products, today announced that Zee Hakimoglu, president and CEO, received the prestigious 2007 North American Audio Conferencing CEO of the Year Award at Frost & Sullivan's annual Best Practices awards banquet on Wednesday, January 24th.

Each year, Frost & Sullivan recognizes the CEO or executive who has demonstrated leadership within his or her industry. Gains in market share, decisions that improve earnings and grow the company, and leadership that affect observable changes in the industry, are common CEO performance measurement criterion and are important metrics Frost & Sullivan utilizes in its CEO of the Year Award selection process.

In choosing its CEO of the Year, Frost & Sullivan's analyst team considers market share, market growth, market penetration, profit margins, stock price, and overall industry impact in relation to CEO corporate organizational and strategic business actions.

Hakimoglu, who has been with ClearOne since late 2003, is credited with bringing the company current on its financial reporting, moving the company off the pink sheets market to the OTC market, stabilizing the product and marketing plans, and refocusing ClearOne on its core business.

Frost & Sullivan also noted that Hakimoglu has ensured that ClearOne is not just relevant, but a leader in the audio conferencing systems space, with a series of audio conferencing products that fit the price and feature needs of most customers.

"It is an honor to be recognized by Frost & Sullivan, one of the world's leading analyst firms," said Zee Hakimoglu, ClearOne's president and CEO. "This award is especially meaningful as it acknowledges the obstacles we have overcome in the past few years while also commending our strategic direction for the future. I am proud to say that our hard work has prepared us for the future. One never achieves success alone, so this award equally belongs to the entire ClearOne team."


ClearOne is a communications solutions company that develops and sells audio conferencing systems and related products for audio, video and web conferencing applications. The reliability, flexibility and performance of ClearOne's comprehensive solutions create a natural communications environment that saves organizations time and money by enabling more effective and efficient communication.

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About Best Practices

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Frost & Sullivan

Frost & Sullivan has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities.



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