From Bloomberg:
Andriole to Board of Directors; Dr.
Stephen Andriole, Chief Technology Officer and Sr. VP of Safeguard
Scientifics, Joins LifeF/X Board of Directors
Business/High-Tech Editors
CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 3, 2000--LifeF/X,
Inc. (OTCBB:LEFX), a Safeguard Scientifics, Inc. (NYSE:SFE)
partnership company and developer of photo-realistic, 3D, digital
human faces for the Internet, today announced the appointment of
Stephen J. Andriole, Ph.D. to its Board of Directors. The experienced
strategist will serve as an advisor to the company as it prepares to bring
its "Stand-In" technology to the Internet later this year. "We are very
pleased to announce the addition of an industry luminary like Dr.
Stephen Andriole to the LifeF/X Board of Directors," said Michael
Rosenblatt, Chairman and co-President of LifeF/X, Inc. "His rare
combination of technological expertise and visionary business acumen
that has served Safeguard so well will be invaluable to LifeF/X."
Andriole currently serves as senior vice president and chief technology
officer for Safeguard Scientifics, Inc. Previously, he was chief
technology officer and senior vice president of technology strategy for
CIGNA Corporation, the $20 billion global insurance and financial
services company, where he was instrumental in the strategic alignment
of enterprise information technology investments with CIGNA's
multiple lines of business.
Recognized for his project management expertise, Andriole was
director of the Cybernetics Technology Office (CTO) of the Defense
Advanced Research Projects Agency (DARPA), where he managed a
$25 million program of research and development. He was instrumental
in a number of important scientific and technological advances in the
broad-based information and computing sciences and initiated the
development of spatial database systems, management and multimedia
systems, decision support systems, computer-aided simulation systems
as well as training and intelligent technology-based systems.
Andriole founded International Information Systems (IIS), Inc., a
company that designs interactive systems for a variety of corporate and
governmental clients and specializes in the analysis and prototyping of
the design of user-computer interfaces and software systems
evaluation.
As a highly regarded scholar in systems engineering, Andriole is the
founder and former director of George Mason University's Center for
Multidisciplinary Information Systems Engineering and served as
Chairman of the University's Department of Information Systems and
Systems Engineering. He has also authored 28 books, including
Interactive Computer-Based Systems Design and Development,
Microcomputer Decision Support Systems and Applications in
Artificial Intelligence.
About LifeF/X, Inc.
LifeF/X is creating the "face" of the Internet by developing
photo-realistic, 3D digital human faces, or "Stand-Ins," that can interact
in real time on virtually any computer with a 28.8 kb/s bandwidth.
LifeF/X Stand-Ins will be used by Web businesses as lifelike customer
service and sales representatives, guides, teachers and entertainers,
while consumer applications include email, instant messaging and chat
rooms. The LifeF/X technology was originally developed for
professional medical applications by the University of Auckland, with
whom LifeF/X has an exclusive, worldwide, perpetual license. The
LifeF/X technology can accurately render human detail and wrinkling
down to the cellular level. LifeF/X holds two patents and has one
pending relating to computer graphics. The company was launched in
December 1999 through a reverse merger of privately held Pacific
Title/Mirage, Inc. and publicly traded Fin Sports U.S.A.
Statements made in this news release, other than those concerning
historical information, should be considered forward-looking and
subject to various risks and uncertainties. Such forward-looking
statements are made based on management's belief as well as
assumptions made by, and information currently available to,
management pursuant to the 'safe harbor' provisions of the Private
Securities Litigation Reform Act of 1995. LifeF/X, Inc. is a
development stage company with no current revenue. LifeF/X, Inc.
future results may differ materially from the results anticipated in these
forward-looking statements due to a variety of factors, including the
ability of the company to implement its business strategy; the ability of
the company to achieve the intended benefits of this strategy; the ability
of the company to complete development of its technology; the ability
of the company to achieve success in forging strategic relationships;
adoption of the technology by major consumer and commercial web
sites; the ability of the company to commercialize the technology
before competitors; the ability of the company to retain key employees;
and those factors identified in LifeF/X, Inc. Annual Report on Form
10-K for the fiscal year ended December 31, 1999, and its Quarterly
Reports on Form 10-Q and subsequent reports filed with the Securities
and Exchange Commission.
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