BRANFORD, Conn. - July 16, 2003 - Netkey Inc., a provider of management software for self-service kiosks and interactive technologies, announced today that V. Miller Newton has been named chief executive officer and a director.
Newton was previously chairman and chief executive officer of Boston-based Lavastorm Technologies. Prior to that, Newton was executive vice president of sales and marketing for TMP Worldwide (now Monster Worldwide -- NASDAQ: MNST), a global marketing communications company and operator of the Monster.com web site, where he was instrumental in taking TMPW public in 1996. Newton served as CEO of Monster, where he grew the company from $400,000 to $45 million and from 50 to 230 employees in fewer than 24 months. Newton attended the University of South Florida where he majored in marketing and management.
Newton succeeds Alex Richardson as CEO. Richardson, founder of Netkey and a recognized pioneer in the self-service kiosk industry, remains a member of the company`s board of directors. Richardson assumes the position of executive vice president for business development at Netkey, and will continue to be an authority on self-service and an advocate for the company`s technology in the marketplace.
"Miller`s strong technology background and proven ability to lead and build a business will be a tremendous asset to Netkey as we enter our next phase of growth," said Jim Perakis, chairman of the board of Netkey. "Miller`s energy, strategic sense and operational experience, combined with a clear vision of the dominant role Netkey can play in the self-service market, made him the best choice to lead our organization into the future."
"Our customers say that Netkey software delivers rapid returns by dramatically reducing the time and cost to design, deploy and manage customer and employee-facing applications on kiosks and other interactive technologies," said Newton. "I`m excited to be joining the recognized industry leader at this opportune time. Netkey has unlimited potential in this new and exciting market, providing software that provides measurable business value by increasing sales and reducing operational burdens through self-service."
About Netkey
Netkey provides a comprehensive software suite for the creation, management and control of extended self-service applications delivered through kiosks, digital signs and other customer and employee-facing interactive technologies. Customers include America Online, BMW, Borders Books and Music, E*Trade, Fidelity Investments, Fleet Bank and Publix Super Markets. Netkey holds three U.S. patents for its self-service technology. For more information on Netkey, please contact the company at 1-800-443-7924, via e-mail at info@netkey.com, or visit Netkey on the Web at www.netkey.com.
CONTACT:
Robert Ventresca
Netkey
(203) 483-2888
rventresca@netkey.com
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