Punch Networks Adds Microsoft Veteran to Advisory Board; Sam Jadallah, Vice President of Microsoft Enterprise Sales Joins Board

Business Wire, May 10, 1999

SEATTLE--(BUSINESS WIRE)--May 10, 1999--

Punch Networks Corp. announced today that Sam Jadallah, vice president of enterprise sales at Microsoft Corp. (Nasdaq:MSFT), has joined Punch Networks' Advisory Board.

He will assist Punch Networks' executive management team and board of directors on marketing, sales and reseller channel management, strategic partnerships and business development.

A twelve-year veteran of Microsoft, Jadallah leads Microsoft's sales and channel strategy for its worldwide sales effort. Prior to his current role, he held other sales, marketing and support management roles at Microsoft.

"I'm impressed with Punch Networks' technology, its product plans and its management team," said Jadallah. "Punch WebGroups is an innovative product that takes a refreshingly common sense approach to the problems of collaboration. I think the company has a bright future ahead, and I'm looking forward to helping guide their success."

"The addition of Sam to our board of advisers has created tremendous excitement among our employees, investors and business partners," said Dan Campi, president and CEO of Punch Networks. "His experience in growing Microsoft's customer and reseller base will be invaluable to us as we continue the development of our own channel. Moreover, Sam's enthusiasm for our product and our potential will be an asset for us in other areas of our corporate development."

Punch WebGroups is a Web-based file sharing solution that allows users to securely access, share and automatically update any type of file or document. Designed for people who share frequently changing files with others inside and outside their organization, the product makes file sharing easy by taking away the hassles of accessing documents, tracking versions, notifying and updating others, and transmitting large files.

About Punch Networks Corp.

Punch Networks is an Internet software company that develops products that help people effectively manage changing digital information. Punch Networks has partnered with Excite Corp. (Nasdaq:XCIT) to offer a free version of WebGroups on Excite's popular Web site www.excite.com. For more information, visit the Punch Networks Web site at www.punchnetworks.com, email info@punchnetworks.com, or call 206/343-7661.

About Microsoft Corp.

Founded in 1975, Microsoft (Nasdaq:MSFT) is the worldwide leader in software for personal computers. The Company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.

(c) 1999 Punch Networks Corporation. All Rights Reserved. United States Patent 5,694,596. Other US and foreign Patents Pending. Printed in the USA. Punch, Punch Technology, Punch Networks and Because Things Change are trademarks of Punch Networks Corporation. All other trademarks or registered trademarks are property of their respective owners. Information subject to change without notice.