In connection with Rand Worldwide, Inc.'s change in control, on November 6, 2014: two members of the company's board of directors who served as designees of Ampersand - Dr. Richard A. Charpie and Charles D. Yie - resigned from the Board, Manu Parpia, an independent director resigned from the Board, and Marc Dulude, the Chairman and Chief Executive Officer of the company resigned from each of his positions at the company, including from the Board. Over the next few days, the Board expects to meet to appoint new Board members to fill vacancies. The company also expects that Lawrence Rychlak, who is currently President and Chief Financial Officer and a director of the company, will be appointed to serve as Chief Executive Officer of the company, pending arrangement of final terms.