DDEV - DISTINCTIVE DEVICES, INC. Message Board

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Technology Stocks : DDEV - DISTINCTIVE DEVICES, INC.

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To: RikRichter who wrote (9)	3/16/2000 5:25:00 PM
From: Mahatmabenfoo	Read Replies (1) of 36

Company made a nice move up today -- a continuation of its drift upwards since it received more financing 2 weeks ago (see below). This is perhaps another "could become big, or could disappear" story. - Charles ========================= DELRAY BEACH, Fla.--(BUSINESS WIRE)--Feb. 29, 2000--Michael J. Paolini, President and CEO of Distinctive Devices, Inc. (OTCBB:DDEV) announced today that the Company had completed a private financing in the aggregate amount of approximately three million dollars through the sale of its restricted common stock from the authorized and unissued shares of the Company. Mr. Paolini further stated that holders of a majority of the shares of DDEV had voted to increase the number of authorized shares from twenty million to fifty million. In addition, the majority of the shares voted to reconstitute the Board of Directors at five members, including Mr. Paolini as Chairman, President and Chief Executive Officer (CEO) of the Company. The other members of the Board include Earl Anderson who is also Vice President and Secretary and Sanjay Mody who will also serve as Executive Vice President and Chief Operating Officer (COO). Mr. Mody was Vice President, Private Client Group, for Laidlaw Global Securities in New York and will commence his position full time on March 10, 2000. Kevin Cihelka was elected a Director and Vice President of Marketing. David Anderson was elected a Director and Vice President of Engineering. Mr. Paolini stated that the second round of financing will permit the rapid deployment of DDEV's two way wireless system in the Greater New York City area.

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