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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE

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To: caly who wrote (1632)12/18/2000 10:36:33 PM
From: P. Ramamoorthy  Read Replies (1) of 1690
 
INFOWAVE SOFTWARE: Infowave appoints Thomas Koll as CEO; Microsoft Vice President to join Infowave as Chief Executive Officer

DEC 18, 2000, M2 Communications - Burnaby, British Columbia -- Infowave Software, Inc. (TSE: IW chart, msgs) is pleased to announce that it has appointed Thomas U. Koll as the company's Chief Executive Officer. Koll is currently vice president of Microsoft's Network Solutions Group and is responsible for Microsoft's worldwide business with telecommunication companies in the wireline and wireless markets, network equipment providers and Internet service
providers. Koll has been instrumental in developing Microsoft's vision for mobility and initiated their wireless strategy.

"Thomas is a world-class business leader with a deep understanding and insight into the wireless market in both North America and Europe," said Morgan Sturdy, Chairman of Infowave. "His global business expertise, strong industry contacts and sales focus position Thomas as an ideal choice to guide Infowave as it further establishes leadership in delivering wireless solutions to businesses. Thomas is a respected industry executive who has recognized the enormous market potential of Infowave and will bring a sharply focused business strategy to drive revenue growth."

"Infowave is incredibly well-positioned to exploit their technology leadership position in the wireless software and services space and emerge as one of the clear market leaders," Koll said. "Joining Infowave is an extraordinary opportunity and I will leverage the experience and contacts I've made throughout my tenure at Microsoft to help make Infowave the premier provider of wireless business solutions. I look forward to working with Infowave's management team to crystallize our vision, expand our business opportunities and deliver the highest value to our customers and shareholders."

In addition to his appointment, Koll will purchase 200,000 common shares of Infowave. For each share purchased, Koll will receive a warrant to purchase an additional share of Infowave for a term of three years.

"Thomas' decision to join Infowave and to make a substantial personal investment is a clear illustration of both his commitment and the strength of Infowave and its technology," Mr. Sturdy added.

Prior to Koll's current position at Microsoft, he was general manager of the Dedicated System Group and also served as general manager of Microsoft's worldwide business planning and strategy. Koll joined Microsoft in 1988 and transferred to Redmond, Washington in 1997 from Microsoft Germany where he was the acting country manager.

Koll will also join Infowave's Board of Directors. Koll's appointment as CEO is effective February 15, 2001.

About Infowave

Infowave (TSE: IW chart, msgs) builds wireless business solutions that connect mobile workers to the critical information they need to be more productive and more competitive. Infowave's Wireless Business Engine(tm) provides fast, secure and reliable wireless access to web-based applications, the Internet, corporate intranets and Microsoft Exchange. Infowave works across the full spectrum of computing devices from laptop computers and PDAs to the newest generation of web-enabled mobile phones. Infowave's Wireless Business Engine is earning customers today and has been selected by sophisticated technology leaders such as Compaq, Intel, Nokia and AT&T Wireless. For more information, please visit www.infowave.com.
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