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SpatialNews Press Release

LizardTech Appoints New President and CEO

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Executive Brings Extensive Sales and Marketing Experience to Top Imaging Solutions Company to Lead Business Expansion

SEATTLE, August 27, 2001 ( LizardTech, Inc. announced today that Bill Patterson has joined the company as its new president and CEO. Patterson will direct worldwide strategies to drive long-term business growth and market acceptance of LizardTech's MrSID(r) and DjVu(r) product lines, making the highest quality digital content accessible to customers around the world.

Patterson brings more than 20 years of experience in sales and marketing, development and planning to LizardTech. Previously, he was president and COO of Crossport Systems and executive vice president of Syncronex. As Sr. Vice President at Attachmate, Patterson managed a team of more than 800 professionals in sales, marketing, customer support and services generating more than $300 million in annual revenues from the world's largest users of information technology. Patterson also has held senior sales and marketing positions with IBM.

"We are very fortunate to have Bill as CEO to head up our worldwide business strategy and operations," said Bob Libutti, LizardTech's Chairman. "Bill's experience will be instrumental in helping us capture the enormous opportunity ahead of us and to address the needs of our current and future customers." Former CEO and founder John Grizz Deal remains a vital element to LizardTech's success, focusing on driving worldwide strategic business partnerships.

"LizardTech has a tremendous foundation for building a high-growth business in digital imaging," said Patterson. "Our investments in R&D, patented technology with a global sales and a strategic partner-base gives LizardTech a great advantage in the marketplace. I am extremely pleased to join the LizardTech team at this juncture."

About LizardTech

A privately held company, LizardTech creates software solutions and tools that make high-quality digital content easier to capture, store, share and use. LizardTech's innovative solutions optimize storage and bandwidth and enable immediate access to high-resolution, multipurpose digital images and multimedia content. The company was formed in 1992 to build valuable business solutions from technologies created by the world's leading research organizations. LizardTech subsequently licensed Generation I of its MrSID technology from Los Alamos National Laboratory (LANL) and later acquired its DjVu technology from AT&T Labs. LizardTech's next-generation software is installed on millions of desktops and integrated into a wide variety of platforms and applications. LizardTech has offices in Seattle and Amsterdam. Additional information about LizardTech can be found at www.lizardtech.com

LizardTech, MrSID, DjVu and the LizardTech logo are trademarks, MrSID and DjVu are registered trademarks in the United States, and all are the property of LizardTech Inc. All other trademarks are property of their respective owners.


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    Aug 28, 2001 Jun 26, 2002

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