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CornerWorld [CWRL.PK] Follows $6.5 Million Recapitalization by Naming New President

DALLAS, TX--(Marketwire - 05/09/11) - CornerWorld Corporation (Pinksheets:CWRL - News), following a $6.5 million recapitalization, announced that Marc Pickren has been named President. The Board of Directors approved the appointment at their most recent board meeting. Pickren, who previously served as Chief Marketing Officer and President of subsidiary Enversa Companies, will continue in these roles in addition to his new responsibility.The appointment comes on the heels of the Company's announcement that it has extended virtually all short-term maturing liabilities to long-term liabilities through an infusion of $6.5 million from various debt partners. As part of the recapitalization, the Company announced that it has completed settlement with a former member of the Board of Directors, which included his resignation and returning of 33,950,000 shares of CornerWorld stock to the treasury."I look forward to guiding CornerWorld through the next stage in its growth, as we focus on marketing to consumers in an active buying mode across mobile, Internet and television," said Pickren.In 2005, Pickren founded The Leadstream, LLC, which focuses on display, organic search and content marketing for large media agencies and the Fortune 1000. In 2008, Leadstream acquired the marketing rights to Enversa Media Auction, and the company was renamed Enversa Companies. In August of 2008, Pickren merged Enversa Companies with CornerWorld Corporation and was named Chief Marketing Officer of the corporate company.Pickren excelled in executive management positions with top companies such as TMP Worldwide/Monster.com and JWT, and was a key player in one of the most successful IPOs of the late 1990s. As Vice President for TMP Worldwide/Monster.com, Pickren fostered global sales and operated the Education Services vertical. At JWT, Pickren became a founding partner of a direct marketing services group and was responsible for North American sales and operations.About CornerWorld CorporationCornerWorld holds a critical patent that is the foundation for annually connecting millions of consumers to contract-based clients using mobile devices and the Internet. Each CornerWorld division has been operating successfully for over five years, and the company is primed to continue to take advantage of how people use Internet and mobile devices to purchase services and products that add value to their lives. More information is available to investors at www.cornerworld.com.CornerWorld's Trading Symbols
The symbols above reflect the methods CornerWorld lists its stock, and were valid at the time of original publication of this release.CornerWorld Forward-Looking StatementsThe statements in this news release relating to matters that are not current or historical facts are forward-looking statements. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. CornerWorld's actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. CornerWorld undertakes no obligation to publicly update or revise any forward-looking statement.