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AmbiCom Holdings, Inc. Announces Engagement of Investment Banking Firm Maxim Group LLC to Provide Strategic Advisory Services

MILPITAS, CA--(Marketwired - May 21, 2015) - AmbiCom Holdings, Inc. ( OTCQB : ABHI ), today announced that it has retained Maxim Group LLC ("Maxim"), a leading investment banking, securities and investment management firm, to provide strategic corporate planning and investment banking services. Maxim will focus on assisting AmbiCom in its strategies for maximizing shareholder value through its full scope of investment banking services.

AmbiCom's Chief Executive Officer, John Hwang stated, "The Company is very pleased to have retained a leading investment banking firm to assist the company with important strategic decisions. After extensive meetings with the investment bankers at Maxim, management is confident that it has made an excellent decision that could materially benefit shareholders."

Karl Brenza, head of the Capital Growth Advisory Group of Maxim Group LLC, expressed, "We are very pleased to bring AmbiCom into our client portfolio. The combination of a seasoned management team, strong growth prospect of the Veloxum PC optimization software and large market opportunity gave us the confidence to partner with AmbiCom. We are looking forward to working with AmbiCom to assist with strategic planning, developing strategic partnerships, advising on potential acquisitions and introducing the company to the investment community."

About Maxim Group LLC

Maxim Group LLC is a leading full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed income and derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA), Securities Insurance Protection Corporation (SIPC), NASDAQ Stock Market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.

About AmbiCom Holdings, Inc.

AmbiCom is headquartered in Milpitas, California, and was a leading designer and developer of innovative wireless hardware with more than one million devices sold worldwide. Now it is focusing on tuning software products optimizing complex IT environments, servers, and personal computers. AmbiCom believes there are unique opportunities as a result of the sheer size of the IT, server, and PC marketplace and the Company's innovative approach and exemplary customer service. For more information, visit www.ambicom.com.