Netopia Announces CFO Resignation; New Interim CFO Appointed

Business Wire,  Oct 21, 2004  

Tags: Netopia Inc.

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EMERYVILLE, Calif. -- Netopia, Inc. (Pink Sheets:NTPA), a market leader in broadband gateways and service delivery software, announced the resignation of William D. Baker, Senior Vice President, Finance and Operations, Chief Financial Officer effective October 29, 2004. Netopia appointed Mark H. Perry as the company's Interim Senior Vice President and Chief Financial Officer effective October 21, 2004. Mr. Baker will assist the Company and Mr. Perry with the transition in a consulting capacity.

Mr. Perry served as Senior Vice President and Controller for URS Corporation in San Francisco from December 2001 through February 2004. Prior to URS, Mr. Perry served as Executive Vice President and Chief Financial Officer at Covad and spent 11 years at US West including four years as Vice President of Finance and Administration.

About Netopia

Netopia, Inc. is a market leader in broadband and wireless products and services that simplify and enhance broadband delivery to residential and business-class customers. Netopia's offerings enable carriers and broadband service providers to improve their profitability with feature-rich DSL smart modems, routers and gateways, software that simplifies installation and reduces ongoing support needs, as well as value-added services to enhance their revenue generation. Netopia's Wi-Fi CERTIFIED(TM) gateways include 3-D Reach(TM) technology delivering enhanced wireless range, security and performance.

Netopia's DSL smart modems, routers and gateways come with a suite of installation wizards and support utilities that offer a comprehensive approach to installation, deployment, service provisioning, application setup, self-diagnostics and troubleshooting. Netopia provides value-added services with its server software platform, including the netOctopus(R) suite of gateway and PC management and customer support software solutions, a server-based Parental Controls subscription service, and the Web eCommerce server software. netOctopus Desktop Support and eCare software enable broadband service providers and enterprises to support customers and devices by remotely viewing and operating the desktop or other device.

Headquartered in Emeryville, California, Netopia has established strategic distribution relationships with leading carriers and broadband service providers including Belgacom, BellSouth, Covad Communications, EarthLink, eircom, Hong Kong Telecom/PCCW, MegaPath Networks, Netifice, SBC Communications, Swisscom and Verizon.

Further information about Netopia can be obtained via phone 510-420-7400, fax 510-420-7601, or on the Web at www.netopia.com.

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