DAVID J. DUNN AND JONATHAN S. HUBERMAN are part of the Idanta Partners.
Herb
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GATEFIELD CORPORATION ANNOUNCES RESIGNATION OF
DAVID J. DUNN AND JONATHAN S. HUBERMAN
Fremont, Calif., U.S.A. ? March 9, 1999 -- GateField? Corporation (OTCBB:GATE) (the "Company") announced today that David J. Dunn and Jonathan S. Huberman have resigned from its Board of Directors. Mr. Dunn and Mr. Huberman, both partners in the investment firm of Idanta Partners, Ltd., have been members of the Company?s Board since December of 1997.
In their letter of resignation, Mr. Dunn and Mr. Huberman stated, "Our purpose in signing is to eliminate the appearance of Idanta?s control of the GateField Board as decisions are made relative to equity financing. We are concerned that as decisions are made affecting the interest of public shareholders, that there not be even the appearance that Idanta is shaping these decisions to its own advantage."
Dr. Timothy Saxe, President and CEO, stated, "Idanta has been very supportive and insightful; we look forward to their continued assistance." Michael J. Kucha, a senior associate of Idanta Partners, will remain as Chairman of the Board of Directors of GateField.
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