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Research Solutions Appoints Roy W. Olivier as President and Chief Executive Officer

October 4, 2021

HENDERSON, Nev., Oct 4, 2021Research Solutions, Inc. (NASDAQ: RSSS), a pioneer in providing cloud-based workflow solutions for R&D driven organizations, announced its Board of Directors appointed Roy W. Olivier as President and Chief Executive Officer. Mr. Olivier had been serving as interim CEO since March 26, 2021.

"After going through our due diligence process we are pleased to appoint Roy to the full-time position of President and Chief Executive Officer," said Peter Derycz, Executive Chairman of the Board of Directors." Roy has already began to make a strategic impact as he has served as interim CEO for the past six months. Roy's previous experience with SaaS based companies and history with making acquisitions is the right combination at the right time to take the Company to its next stages."

Mr. Olivier stated, "Over the past six months, I have worked closely with the Board and management team to learn the business and create our strategic growth strategy. I am excited to continue our work to enhance our offerings, expand our customer base and deliver value for our existing and future shareholders."

Mr. Olivier joined the Board in 2018 and has served as Interim CEO of Research Solutions since March of 2021. Previously, he served as president, CEO, and board member of ARI Network Services, a provider of an award-winning suite of SaaS tools and marketing services. During Mr. Olivier's tenure as CEO of ARI he grew the business from less than 80 employees to over 1,200 and revenues from under $15M to over $100M. Prior to that, he served in various capacities including as VP of sales and marketing for ProQuest Media Solutions (now Snap-on Inc.), a business he founded in 1993 and sold to ProQuest in 2000. He previously held executive and managerial positions with other companies in the telecommunications and computer industries, including Multicom Publishing, Tandy Corporation, BusinessLand and PacTel.

About Research Solutions

Research Solutions, Inc. (NASDAQ: RSSS) provides cloud-based technologies to streamline the process of obtaining, managing, and creating intellectual property. Founded in 2006 as Reprints Desk, the company was a pioneer in developing solutions to serve researchers. Today, more than 70 percent of the top pharmaceutical companies, prestigious universities, and emerging businesses rely on Article Galaxy, the company's SaaS research platform, to streamline access to the latest scientific research and data with 24/7 customer support. For more information and details, please visit www.researchsolutions.com.

Forward-Looking Statements

Certain statements in this press release may contain "forward-looking statements" regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the markets in which we operate and the beliefs and assumptions of our management. Words such as "expects," "anticipates," "targets," "goals," "projects", "intends," "plans," "believes," "seeks," "estimates," "endeavors," "strives," "may," or variations of such words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company's most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. Examples of forward-looking statements in this release include statements regarding the Company’s next operational phase, new avenues of growth and potential M&A activity. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company's filings with the Securities and Exchange Commission.

Contact

Steven Hooser or John Beisler
Three Part Advisors
shooser@threepa.com
jbeisler@threepa.com
(214) 872-2710

Topics: Research Solutions Inc

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