Digimarc Appoints Media Broadcast Veteran to Board of Directors; Seasoned Professional to Provide Leadership to Growing Company

Business Wire, April 14, 2000

Business/High Tech Editors

PORTLAND, Ore.--(BUSINESS WIRE)--April 14, 2000

Digimarc Corporation (Nasdaq:DMRC), the world leader in digital watermark technology and applications, today announced that it has appointed Peter Smith to its board of directors.

Smith has over 30 years of experience with broadcasting and digital media organizations -- experience that will be highly valued at Digimarc as the company grows. The company has doubled its workforce since the fourth quarter of 1999.

"This is a revolutionary time," Smith said. "Through it's digital watermark technology, Digimarc bridges the worlds of print and electronic media to provide opportunities limited only by the imagination. I look forward to helping produce some of those ideas and to working closely with the people who are making them a reality."

Most recently, Smith served as president of News Technology for News America. In that capacity he coordinated technology throughout News Corporation, and served as a technology adviser to the board of directors and Rupert Murdoch. Prior to his stint at News America, Smith held various executive positions at media and broadcasting companies in the United States, the United Kingdom and Australia.

"We are fortunate to have someone joining us with Peter's background," said Philip J. Monego, chairman of Digimarc's board of directors. "His experience in broadcasting, technology and the media are invaluable assets for Digimarc's board. We look forward to working with him to expand Digimarc's goals and vision."

Smith graduated with bachelor's degrees in science and engineering from the University of Sydney.

About Digimarc

Digimarc (Nasdaq:DMRC) is the world leader in digital watermark technology and applications that allow imperceptible digital code to be embedded in media content regardless of whether the content is distributed in analog or digital format. Using its proprietary technology, Digimarc has created Digimarc MediaBridge -- a fundamentally new way to access the Internet. Digimarc MediaBridge enables magazines and other printed media to become a direct bridge to relevant information on the Internet. Advertisements and editorial featuring a Digimarc symbol in the lower right page corner will contain an imperceptible code which when held up to an image-capture device such as a PC camera, will launch a browser and instantly connect readers to a dedicated URL. Digimarc also provides anti-counterfeiting solutions to the world's leading central banks and image commerce technologies to leading stock photo agencies and major corporations. For more information about Digimarc, please visit our Web site at www.digimarc.com.

This release contains forward-looking statements that are subject to risks and uncertainties. Although Digimarc Corporation believes that the expectations reflected in its forward-looking statements are reasonable, actual results could differ materially from those expectations. Important cautionary statements and risk factors that would affect actual results are discussed in materials filed by Digimarc Corporation with the Securities and Exchange Commission.

Digimarc is a registered trademark and MediaBridge is a trademark of Digimarc Corporation. All other trademarks are the property of their respective owners.