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Technology Stocks : Intelispan: IVPN

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To: John D. White who wrote (16)2/23/1999 8:47:00 AM
From: WhipsawMcGraw   of 38
 
Tuesday February 23, 7:31 am Eastern Time

Company Press Release

Intelispan Names Kent Dallas as VP of Network Services

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 23, 1999--Intelispan, Inc. (OTC BB:IVPN - news) today announced that Kent Dallas, formerly of GridNet International -- an MCI WorldCom company, has been named Vice President of Network Services.

In this capacity, Mr. Dallas will spearhead Intelispan's product direction, manage and develop strategic partnerships, and assess Intelispan's positioning relative to the market and its competitors.

P1ior to Intelispan, Mr. Dallas was the Director of Product Development at GridNet International where he was responsible for the development of its flagship Internet Protocol-Virtual Private Network Service, IntraConnect. Prior to GridNet, Mr. Dallas worked for Sprint Communications in various capacities, including Market and Business Analysis and Customer Network Design.

''Kent's past experience and in depth understanding of our industry's fast-changing technology trends will better enable us to develop solutions to meet the needs of our customers, both now and in the future,'' said Peter Nelson, CEO of Intelispan. ''We are very pleased to have Kent as a member of the Intelispan management team.''

Intelispan provides a Virtual Private Network service, exSPANd, that uses a private IP network and is logically separate from the Internet. Because exSPANd does not require the typical Internet VPN tunneling solutions to encrypt data, it eliminates the up front costs and complexities of specialized hardware and software. exSPANd can be used to create instant extranets, for supply-chain management, process automation and remote access, as well as for the management of networked collaborative communities.

''Intelispan offers a unique opportunity to leverage the prevalence of Internet technologies, combined with public key cryptography, to deliver state-of-the-art communications solutions for the enterprise marketplace today and into the future,'' said Mr. Dallas. ''It's a pleasure to be associated with a company that has the vision to develop and deliver solutions that best enable corporations to develop, deploy, and maintain mission-critical technologies on a cost-effective basis.''

About Intelispan

Intelispan is a Scottsdale, Arizona based company specializing in secure business communications. Intelispan provides secure remote access to non-Internet based VPN services and enables the rapid deployment of electronic trading communities. Intelispan has shares listed for trading on the NASD OTC Electronic Bulletin Board OTC/BB: IVPN. For more information, visit Intelispan on the World Wide Web at www.intelispan.com.

This release includes certain ''forward-looking'' statements, including statements regarding, among other items, the company's growth strategy, industry and demographic trends, the company's ability to generate additional sales of its products and anticipated trends in its business. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including the company's need for additional financing, intense competition in various aspects of the company's business, the risks of rapid growth, dependence on key personnel, product obsolescence, and/or lack of market acceptance and other related factors.
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Contact:

Intelispan, Scottsdale
Nina Christensen, 602/443-3999
nchristensen@intelispan.com
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