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--July 15, 2019

After 20 years of service as President & CEO, George Powell has left the company. The Board of Directors has appointed Barclay McFadden III as interim CEO and Dennis Kaill as interim President.

Mr. McFadden will also continue as Chairman of the Code Board of Directors.

Mr. McFadden has been Code's Chairman since 2001.

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Before joining Code, Mr. McFadden served as the Chairman and CEO of Stow Mills, Chesterfield, NH from 1976 to 1997. Mr. McFadden also serves as Chairman of American Stainless, Cheraw, SC, which sells stainless steel products to industrial companies in the Southeast.

Mr.

Kaill has been on Code's Board of Directors since 2015. He has more than 17 years of senior leadership experience within the software and technology sectors. Prior to joining Code's board he spent 10 years as President/Managing Director of Microscan Systems, an international bar code technology company, where he took Mic