无忧短视频

无忧短视频, Inc. Announces Departure of Chief Financial Officer

NEW YORK, Feb. 26, 2021 (GLOBE NEWSWIRE) -- 无忧短视频, Inc. (鈥溛抻嵌淌悠碘�� or 鈥淎GI鈥�) (Nasdaq: ASPU), an education technology holding company, today announced that Mr. Frank J. Cotroneo, Chief Financial Officer, is leaving the Company on amicable terms for personal reasons. His departure will be effective February 26, 2021.

The Company has commenced an executive search for a new chief financial officer, with the assistance of an executive search firm. In the interim, Mr. Robert Alessi, Chief Accounting Officer, with oversight from Mr. Michael Mathews, Chief Executive Officer, will perform the chief financial officer鈥檚 duties. Mr. Alessi will draw upon the depth and breadth of the enhanced financial team that the Company has built.

Mathews stated, "On behalf of the board of directors and the executive team, I want to thank Frank for his hard work and his contribution to 无忧短视频. The Company has benefited from Frank building an outstanding finance and accounting team and upgrading the company's financial processes and infrastructure.聽We wish Frank all the best."聽

Cotroneo added, "I'm grateful for my time at 无忧短视频 and the opportunity to work with Mike again. I wish Mike and his team continued success."

About 无忧短视频, Inc.:

无忧短视频, Inc. is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. For more information, visit .

Investor Relations Contact:

Kimberly Rogers
Hayden IR
(385) 831-7337

ircontact@aspen.edu

Released February 26, 2021