KING OF PRUSSIA, Pa., March 6, 2002 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the Appliance Computing market, announced today that Howard L. Hunger has joined the Company as executive vice president to spearhead Neoware's worldwide marketing and business development activities.
Mr. Hunger joins Neoware from IBM, where he most recently was Director of Marketing for IBM's Net Devices group. Mr. Hunger is considered the thin client appliance industry's premiere spokesperson, and he has led industry-wide efforts to evangelize thin client appliance computing. At IBM, Mr. Hunger's responsibilities included worldwide marketing and channel strategy for IBM's thin clients and Internet Appliance products. His expertise includes channel implementation, business partner relationships, marketing communications, and product and brand management.
Mr. Hunger previously served as the Director of Relationship Management within IBM, where he developed programs and established worldwide relationships with independent software vendors. Through the executive level and management positions held during his 33-year tenure, Mr. Hunger has garnered significant industry, application, and software expertise, including developing high-end system software and worldwide application software strategies. Mr. Hunger holds a Bachelor of Science degree from Syracuse University and has served as a board member for numerous technology associations.
Neoware's leadership position in the growing thin client appliance marketplace has enabled the company to attract and retain highly qualified contributors to the Company's success. With more than 60% organic revenue growth last fiscal year, profitable operations, and significant corporate developments, including two recent acquisitions and an alliance with IBM, Neoware is uniquely positioned to capitalize on the growth opportunities in the Appliance Computing market.
"No one knows the thin client appliance market better than Howie Hunger," stated Michael Kantrowitz, president and CEO of Neoware Systems. "Howie's expertise developing third party relationships and building brands, combined with his thorough understanding of IBM and the thin client appliance market, will significantly accelerate Neoware's growth and our brand development. Neoware's financial strength and our new alliance with IBM have significantly increased Neoware's profile in our industry and allowed us to attract seasoned executive talent to our Company. We're looking forward to Howie's contributions to our growth."
"Neoware is building this Company to be a dominant player in a fast-growing market," stated Howie Hunger, Neoware's newly appointed Executive Vice President of Marketing and Business Development. "Neoware is very well positioned to capitalize upon the opportunities in this market. I am very excited to bring my experience and enthusiasm to Neoware and I look forward to contributing significantly to the Company's success."
About Neoware
Neoware provides software, services, and solutions to enable Appliance Computing, a new Internet-based computing architecture targeted at business customers that are designed to be simpler and easier than traditional PC-based computing. Neoware's software and management tools power and manage a new generation of smart computing appliances that utilize the benefits of open, industry-standard technologies to create new alternatives to personal computers used in business and a wide variety of proprietary business devices. Neoware's products are designed to run local applications for specific vertical markets, plus allow access across a network to multi-user Windows servers, Linux servers, mainframes, minicomputers, and the Internet. Computing appliances that run and are managed by Neoware's software offer the cost benefits of industry-standard hardware and software, easier installation, and have lower up-front and administrative costs than proprietary or PC-based alternatives. More information about Neoware can be found on the Web at www.neoware.com or via email at info@neoware.com Neoware is based in King of Prussia, PA.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Neoware's leadership position in the growing thin client appliance marketplace, the acceleration of Neoware's growth and brand development, Mr. Hunger's contribution to the Company and the cost benefits and other advantages of the Company's products. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statements include Neoware's timely development and customers' acceptance of Neoware's appliance computing products, pricing pressures, rapid technological changes in the industry, growth of the appliance computing market, increased competition, Neoware's ability to attract and retain qualified personnel, including Mr. Hunger, adverse changes in general economic conditions in the U. S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-K for its fiscal year ended June 30, 2001.
Neoware is a registered trademark of Neoware Systems, Inc. All other names, products, and services are trademarks or registered trademarks of their respective holders.