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Technology Stocks : EDTA (was GIFT) -- Ignore unavailable to you. Want to Upgrade?

To: Mel Spivak who wrote (2322)	1/25/2000 1:59:00 PM
From: GRC	Read Replies (2) \| Respond to of 2383

businesswire.com BW1859 JAN 24,2000 13:44 PACIFIC 16:44 EASTERN ( BW)(NY-E-DATA)(EDTA) E-data Shareholders Elect Insurgent Board of Directors Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2000--At its first annual meeting in four years held here today, shareholders of E-data Corporation (Pink Sheets: EDTA) elected a completely new board of directors by better than a two-to-one margin. The new directors, who were running as an insurgent slate, include Scott Hillstrom, elected chairman of the board; Robert Slater; Charles Hart; Robert Spira and Tibor Tallos. Hillstrom, Slater and Tallos are lawyer-entrepreneurs with broad experience in developing and managing technology companies. Hart is former CEO of Micronics Corp. and a Silicon Valley veteran of hi-tech ventures. Spira is an investment banker active in the development and financing of technology companies. E-data Corporation, formerly known as Interactive Gift Express, holds basic patents in e-commerce principally involving the downloading of information via the Internet to a point of sale. E-data has licensed its patents to a number of companies and is presently appealing a district court ruling narrowing the scope of its U.S. patent. Newly elected chairman Scott Hillstrom stated, "This is the dawn of a new era for E-data. For the past several years, the company has been vigorously defending its patent position as the world of e-commerce has exploded around it. New board members look forward to bringing new energy and new opportunities for exploiting E-data's unique patents. We look forward to building on prior management efforts and working constructively with them to advance E-data in the e-commerce world and in the investment community." --30--et/ny* CONTACT: Company Contact: Scott Hillstrom, Chairman E-data Corporation (212) 425-6100 -or- Agency Contact: Warren J. Cavior, The Cavior Organization (212) 687-6070 / caviorg@aol.com KEYWORD: NEW YORK INDUSTRY KEYWORD: E-COMMERCE INTERNET NETWORKING MANAGEMENT CHANGES