Neil Subin
"Neil founded and has been the Managing Director and President of Trendex Capital Management, a private hedge fund, since December 1991. Mr. Subin currently is a member of the Board of Directors of Dynacore Holdings, a developer of e-commerce and other Internet-related products, First Avenue Networks, Inc. (formerly Advanced Radio Telecom Corp.), a wireless communications company, Nucentrix Broadband Networks, Inc, a wireless communications company and Komag Inc., a manufacturer of thin-film disks for use in computer disk drives. Mr. Subin has been actively involved in the formation of, and has served on, official and ad hoc committees of debt and equity security holders in restructuring of companies including The Lionel Corporation, The Zale Corporation, R.H. Macy & Co., Interco, Inc., Hillsborough Holdings Corp./Jim Walter Corp., Morrison Knudsen Corp., Flagstar Cos., Anacomp, Inc., UDC Homes Inc., Trans World Airlines Inc., Buenos Aires Embotteladora S.A., Golden Books Family Entertainment, Inc., Boston Chicken, Inc., Iridium LLC, Metricom, Inc. and The Federal Mogul Corporation."
TTR Technologies New Board Ratified
NEW YORK--August 28, 2002-- TTR Technologies, Inc. (NASDAQ NM: TTRE), today announced that on August 26, 2002 its new Board of Director was ratified by its shareholders.
Daniel C. Stein, TTR's Chief Executive Officer commented,“We are excited to have such a high caliber and experienced Board of Directors guiding TTR forward. We believe the board's contributions can have a meaningful impact as we build TTR's future.”
The new independent Directors are as follows:
Joel Schoenfeld
Joel has been a private consultant engaged in the field of business applications and international policy issues primarily impacting e-commerce since April 2000. His clients include the United States Copyright Office, Full Audio, BMG Music, MusicMatch, Touchtunes, Hed Arzi, Orange Wireless (Israel) and Comverse. From October 1989 through March 2000, Mr. Schoenfeld served as General Counsel and Senior Vice President of BMG Entertainment, the entertainment division of Bertelsmann AG, with responsibility for all legal and business affairs of BMG worldwide. At Bertelsman, Mr. Schoenfeld's duties included negotiating and analyzing new and existing business ventures and territorial expansion on a global level, international intellectual policy issues, international antitrust and competition matters and privacy and database protection compliance. Since 1989, Mr. Schoenfeld served as an officer or director or both for more than eighty Bertelsmann-related companies in more than thirty-five countries. Since 1998 he has served as a commissioner on the Industry Advisory Commission to the World Intellectual Property Organization. He has also served in various positions with IFPI, a private non-profit organization representing the interest of the recording industry worldwide. He was elected to IFPI's Board of Directors in 1991 and continued to serve until his resignation in 2001. Since January 1999, he has served as chairman of the IFPI Council.
Richard Gottehrer
Richard co-founded The Orchard in June 1998, a leading distributor of independent music in America. The Orchard spun off a digital media company, OWIE, Inc. (Orchard Wireless & Interactive Entertainment), of which Mr. Gottehrer is currently Chief Executive Officer. OWIE is a one-stop digital media company that acquires, provisions and delivers content to authorized online music services. Prior to his association with The Orchard, Mr. Gottehrer worked as an independent producer, providing services primarily to major recording companies. Mr. Gottehrer co-founded in 1968 and presided over through 1976, Sire records, Inc., a private recording company whose roster of artists included Madonna, Depeche Mode, the Pretenders, Talking Heads and Ramones. Sire was ultimately acquired by Time Warner Company. Mr. Gottherer possesses a wide range of experience and broad overview of the music industry and has been a successful songwriter, producer and music industry executive. His songwriting career included the classics "My Boyfriend's Back", "I Want Candy", "Sorrow" and "Nightime" and his creations have been recorded by, among others, such artists as David Bowie, George Thorogood, Aaron Carter and Jerry Lee Lewis. Mr. Gottehrer is also responsible for the production of classics such as "Hang on Sloopy" and the recording of the artists Blondie, Joan Armatrading and the Go Go's.
Neil Subin
Neil founded and has been the Managing Director and President of Trendex Capital Management, a private hedge fund, since December 1991. Mr. Subin currently is a member of the Board of Directors of Dynacore Holdings, a developer of e-commerce and other Internet-related products, First Avenue Networks, Inc. (formerly Advanced Radio Telecom Corp.), a wireless communications company, Nucentrix Broadband Networks, Inc, a wireless communications company and Komag Inc., a manufacturer of thin-film disks for use in computer disk drives. Mr. Subin has been actively involved in the formation of, and has served on, official and ad hoc committees of debt and equity security holders in restructuring of companies including The Lionel Corporation, The Zale Corporation, R.H. Macy & Co., Interco, Inc., Hillsborough Holdings Corp./Jim Walter Corp., Morrison Knudsen Corp., Flagstar Cos., Anacomp, Inc., UDC Homes Inc., Trans World Airlines Inc., Buenos Aires Embotteladora S.A., Golden Books Family Entertainment, Inc., Boston Chicken, Inc., Iridium LLC, Metricom, Inc. and The Federal Mogul Corporation.
Michael Paolucci
Michael has since January 2001 been the President of Telescope Society, Inc., a private company specializing in connecting telescopes to the internet for amateur astronomers. Prior to his association with the Telescope Society, from January 1999 through December 2000, Mr. Paolucci was engaged in the start-up of video related internet companies, including Javu Technologies, Inc., a private company engaged in the licensing of software and services to corporations that store, manage, deliver or repurpose video assets. From January 1998 through December 1998, Mr. Paolucci served as a director of 24/7 Media, an internet advertising agency that was formed by the merger of Interactive Imaginations, one of the first Internet-based advertising sites that Mr. Paolucci founded in June 1993 and two other Internet based advertising organizations, and whose stock became quoted on the Nasdaq National Market in August 1998. From the time of the founding of Interactive Imaginations in June 1993 through December 1997, Mr. Paolucci served as its Chief Executive Officer and Director and in 1998 as Director. Within Interactive Imaginations, Mr. Paolucci created ContentZone, the first Internet - based advertising network.
About TTR Technologies, Inc.
TTR (http://www.ttrtech.com) designs, markets and sells proprietary anti-piracy products. The company has developed and commercialized products for the software and entertainment industries and is expanding its product range and reach through in-house development and joint ventures. In addition to developing SAFEAUDIO®, TTR is investing in Digital Rights Management Protection technologies as well as security solutions for the DVD-ROM market. TTR has a joint development and marketing agreement for music CD copy protection with Macrovision Corporation (Nasdaq: MVSN). TTR's shares are listed on the Nasdaq National Market (TTRE).
Forward-Looking Statements
All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2000, its Quarterly Reports on Form-10Q, and such other documents as are filed with the Securities and Exchange Commission from time to time. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contacts:
The Company Investor Relations Media Contact
Samuel Brill Trúc Nguyen Stan Froelich
Chief Operating Officer Stern & Co. Stern & Co.
(212) 527-7597 (212) 888-0044 (212) 888-0044
samb@ttrtech.com tnguyen@sternco.com sfroelich@sternco.com
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