Digerati Technologies Inc. Announces the Passing of CEO Arthur L. Smith

Rhea-AI Summary

Digerati Technologies (OTC: DTGI) announced the passing of its Founder and CEO Arthur L. Smith on February 16, 2025. The company, which provides cloud services specializing in UCaaS solutions for the SMB market, is implementing leadership continuity measures following this loss.

Board Chairman Craig K. Clement, who had worked with Smith since 1988, shared memories of their collaborative efforts in communications technologies, including work with GlobalSCAPE (NYSE: GSB) and satellite-based communications during telecom deregulation throughout Latin America.

The Board of Directors will temporarily assume CEO responsibilities while an interim CEO is identified and appointed. This ensures continuity in leadership and maintains the strategic vision established under Smith's guidance.

Digerati Technologies operates through its subsidiary Verve Cloud, Inc., providing cloud PBX, telephony, WAN, call center, and mobile solutions to small businesses. The company has developed an integration platform to fuel mergers and acquisitions in its fragmented market.

Positive

• Company has established continuity plan with Board assuming CEO responsibilities temporarily
• DTGI has a developed integration platform for M&A in a fragmented market
• Company maintains diverse cloud service offerings including PBX, telephony, WAN, call center, and mobile solutions

Negative

• Loss of founder and visionary CEO Arthur L. Smith
• Potential leadership uncertainty during transition period
• Possible strategic direction changes with new leadership

SAN ANTONIO, Feb. 25, 2025 /PRNewswire/ -- Digerati Technologies, Inc. (OTC: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in Unified Communications as a Service ("UCaaS") solutions for the small to medium-sized business ("SMB") market, announced today the passing of its Founder and Chief Executive Officer (CEO) Arthur L. Smith on February 16, 2025.

Mr. Smith was a visionary leader whose dedication and unflappable positive spirit propelled the Company forward and left an indelible mark on all who came in contact with him. Mr. Smith has demonstrated an unparalleled commitment to developing strong relationships with team members, partners, and clients throughout his career. His caring approach to leadership was an inspiration and constant example to every organization where he was involved.

Digerati's Board Chairman, Craig K. Clement, shared, "I've had the privilege of working with Art on and off since 1988, and it's hard to accept that our long-standing friendship and collaborative efforts have come to such an unexpected end. Together, we pioneered work in communications technologies, Internet software (GlobalSCAPE - NYSE: GSB), and satellite-based voice and data communications (GeoComm and ATSI - AMEX: AI) during the early years of telecom deregulation throughout Mexico and Central and Latin America. Art was the kind of person you could always count on to go the distance, and we certainly did. Godspeed, Arthur."

Considering this loss, the Board of Directors will assume the responsibilities of the CEO role while an interim CEO is identified and appointed. This measure ensures continuity in leadership and reaffirms our commitment to maintaining the strategic vision and operational excellence established under Mr. Smith's guidance.

The Board of Directors extends its deepest condolences to Mr. Smith's family, friends, colleagues, and the entire Digerati Technologies community during this difficult time. We honor his memory and remain dedicated to upholding the values and legacy he instilled in our organization.

About Digerati Technologies, Inc.

Digerati Technologies, Inc. (OTC: DTGI) is a provider of cloud services specializing in UCaaS solutions for the SMB market. Through its operating subsidiary Verve Cloud, Inc. (vervecloud.com), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market, as it delivers business solutions on its carrier-grade network and Only in the Cloud™. For more information, please visit www.digerati-inc.com and follow DTGI on LinkedIn, X, and Facebook.

Contact for media inquiries:
Craig K. Clement - Executive Chairman
web@digerati-inc.com

Facebook: Digerati Technologies, Inc.
X: @DIGERATI_IR
LinkedIn: Digerati Technologies, Inc.

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SOURCE Digerati Technologies Inc.

FAQ

When did Digerati Technologies CEO Arthur L. Smith pass away?

Arthur L. Smith, Founder and CEO of Digerati Technologies (DTGI), passed away on February 16, 2025, as announced by the company on February 25, 2025.

Who will lead Digerati Technologies (DTGI) following CEO Arthur Smith's passing?

The Board of Directors will temporarily assume CEO responsibilities while an interim CEO is identified and appointed, ensuring leadership continuity at Digerati Technologies.

What is Digerati Technologies' (DTGI) main business focus?

Digerati Technologies (DTGI) is a provider of cloud services specializing in Unified Communications as a Service (UCaaS) solutions for the small to medium-sized business market.

How long had Craig K. Clement worked with Arthur Smith before his passing at DTGI?

Craig K. Clement, Digerati's Board Chairman, had worked with Arthur Smith on and off since 1988, collaborating on various communications technology ventures over nearly 37 years.

What operating subsidiary does Digerati Technologies (DTGI) use to deliver its cloud services?

Digerati Technologies delivers its cloud services through its operating subsidiary Verve Cloud, Inc. (vervecloud.com).