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Technology Stocks : Proteon -- Ignore unavailable to you. Want to Upgrade?

To: David E. Meyer who wrote (402)	11/3/1997 4:31:00 PM
From: Daveyk	Read Replies (1) \| Respond to of 512

News; Monday November 3 3:42 PM EST Company Press Release OpenROUTE Networks Names Kenneth W. Hovaldt Vice President of Sales For The Americas WESTBORO, Mass., Nov. 3 /PRNewswire/ -- OpenROUTE Networks, Inc. today announced that Kenneth W. Hovaldt, a senior executive with more than two decades of experience in the technology sector, has been named vice president of sales for the Americas. Hovaldt, who reports directly to Daniel J. Capone, Jr., president and chief executive officer, joins OpenROUTE Networks from Fujitsu Network Switching of America. OpenROUTE Networks is a wholly owned subsidiary of Proteon, Inc. (Nasdaq:PTON). In making the announcement, Capone said, ''This appointment further strengthens our strategic focus on sales to Internet Service Providers and public network operators of Internet services and private networks. Ken has the right skill set and depth of experience to work with service providers who are helping small businesses deploy network solutions built on the Internet.'' Hovaldt said, ''I am excited to be joining an organization that has the best Internet access routers in the industry. One of the next big challenges for carriers is to provide full service to users in the small- to medium-sized business marketplace. OpenROUTE has the right products and services to help meet this need.'' Hovaldt's long career spans sales and marketing positions at some of the world's largest technology providers. At Fujitsu Network Switching of America, Inc. he held the title of senior vice president of marketing, sales and business services. In that capacity, he was responsible for establishing the North American and International market penetration of broadband switching equipment and associated applications. Earlier, Hovaldt held senior positions at DSC Communications, ITT Telecom, Siemens and Northern Telecom. He holds an MBA from Pepperdine University; data processing degree from the College of San Mateo; BA from Augustana College; and MBA in telecommunications from Golden Gate University. About OpenROUTE Networks OpenROUTE Networks' GlobeTrotter (GT) Internet Access routers feature the best price performance in their class. Single unit prices for Internet Protocol (IP) connectivity start at only $795 per unit, which includes hardware and software. All GT router products come standard with OpenROUTE Networks' data compression functionality. The Company's ''ALLWays.Secure''(TM) network security portfolio provides the widest range of integrated network security features for Internet and corporate Intranet applications. All GTs feature OpenROUTE(R), the company's interoperable, standards-based routing software. This means that GTs are compatible with networking devices from such leading vendors as IBM, Digital and Motorola, who have licensed OpenROUTE. GT products also come standard with the company's new ''ALLWays.Connected(TM) Guarantee,'' which means that they are guaranteed to connect to products from Cisco and Ascend and all other suppliers; carry a lifetime warranty; and are offered with a ''trade up'' support program to provide investment protection. GT products can be installed in minutes and are easily maintained and managed from central network sites. For more information, contact OpenROUTE Networks, Inc. at 800-545-7464 or on the World Wide Web at openroute.com or proteon.com. Dave