BEESFREE, Inc. announced that on April 15, 2013, David W. Todhunter resigned as President, Chief Executive Officer, and Chief Financial Officer. On April 17, 2013, Joseph Becker resigned as a Director of the Company. On April 16, 2013, the Company announced that Juan Carlos Trabucco, a director of the Company, has been appointed to serve as interim President and Chief Executive Officer of the Company pending the Company's selection of a successor to serve as President and Chief Executive Officer.

Mr. Trabucco will continue to maintain his position as director at his current level of compensation. On April 17, 2013, the Company also announced the appointment of Joseph Fasciglione, the Controller, Assistant Treasurer and Assistant Secretary of the Company, as interim Chief Financial Officer pending the Company's selection of a successor to serve as Chief Financial Officer. Mr. Fasciglione, has served as the Company's Controller since August 2011, initially as a consultant and then as employee in May 2012.

Mr. Fasciglione has also served as the Company's Assistant Treasurer and Assistant Secretary since April 2012. Mr. Fasciglione will continue to maintain his positions as Controller, Assistant Treasurer and Assistant Secretary at his current level of compensation.