KING OF PRUSSIA, PA — (company press release) — Neoware Systems, Inc. announced today that it has appointed Michael Kantrowitz (39) President and Chief Executive Officer. Mr. Kantrowitz, who had been Neoware's Executive Vice President, replaces Edward Callahan, who will stay with the Company through April 30 to assist with the transition. The Company said that the appointment of Mr. Kantrowitz was motivated by Neoware's strategy to extend its market focus to Linux- and Windows-based information appliances.

“Mike has always been the visionary for our Company,” stated Arthur Spector, Neoware's Chairman. “Ed Callahan was brought to Neoware with valuable skills and experience running large organizations,” Spector continued. “He has restructured the Company and positioned it to be successful in its new strategy. The Board of Directors and I thank Ed for his leadership and we wish him well in his future endeavors,” stated Mr. Spector. “As the person who created our new information appliance strategy, Mike is the right choice to lead the Company as we build our business in this exciting new market,” Mr. Spector continued. “Neoware has the technology and the vision to become a leader in the emerging market for information appliances,” stated Michael Kantrowitz, Neoware's new President and CEO. “We plan to offer our customers software, systems and solutions that enable appliance computing, which means that we'll connect people with computing power through simple, easy-to-manage information appliances that are designed to get to work right out of the box.”

“We intend to partner with other companies to create information appliances for various vertical markets,” Mr. Kantrowitz continued. “Combined with software from other companies, our new appliance products could be used as thin clients, web kiosks for electronic commerce, email stations, point of sale machines, firewalls, routers, security devices for virtual private networks, and for various other uses. We're excited by the promise of these new products.”

Mr. Kantrowitz has been Executive Vice President of Neoware and a member of the Board of Directors since 1995, and has been responsible for business development, marketing and sales. Prior to this, he held executive management positions with Human Designed Systems, including Vice President of Marketing and Sales, and Executive Vice President. Mr. Kantrowitz previously held positions with Adage Corporation and Raytheon Company. Mr. Kantrowitz holds a BSEE degree from the University of Lowell.

About Neoware

Neoware designs, develops and markets information appliances based upon embedded versions of the Linux and Windows operating systems. Neoware's products are designed to run limited local applications for specific vertical markets, plus allow access to Linux servers, the Internet and Windows-based applications running on multi-user Windows NT servers. Neoware's information appliances are designed as an alternative to general-purpose personal computers, offering easier nstallation, as well as lower up-front and administrative costs.

 
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