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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Mark L. who wrote (17687)	1/27/1999 11:20:00 AM
From: A. K. Giddings	Read Replies (1) \| Respond to of 18263

<<Bull's eye. Check out the bio of their new director, Philip Koen, and Jack's comment about Zitel's future direction.>> biz.yahoo.com Wednesday January 27, 8:01 am Eastern Time Company Press Release SOURCE: Zitel Corporation Zitel Corporation Announces Board Additions; MatriDigm Status FREMONT, Calif., Jan. 27 /PRNewswire/ -- Zitel Corporation (Nasdaq: ZITL - news)-2announced today that it has elected two new members to its Board of Directors. Joining the Board are Asa W. Lanum and Philip J. Koen. Mr. Lanum is the Managing Principal of The CTO Group, a consulting organization providing strategic marketing, product and technology services. Mr. Lanum has over 30 years of experience in the computer industry and is the author of over 30 papers and books. He previously was Senior Vice President, Advanced Systems and Chief Technology Officer of Open Vision Technologies, a premier supplier of integrated systems and network management software. Mr. Lanum also sits on the board of SpatiaLight, Inc. Mr. Koen is Executive Vice President, Chief Operating Officer and Chief Financial Officer for PointCast Inc., a leading news and information service via the internet and corporate intranets. Previously, Mr. Koen was Vice President of Finance and Chief Financial Officer for ETEC Corporation. Mr. Koen also sits on the board of Centura Software Corporation. Mr. Jack H. King, President and CEO of Zitel, stated, ''We are pleased that these two gentlemen with their considerable experience in governance, executive, operational and financial roles will be joining our team. Their knowledge of the internet and software products and services industry is a perfect fit for our Company and its future direction.'' On an unrelated matter, Mr. King stated that the Company is evaluating alternative methods of acquiring a majority interest in MatriDigm Corporation on terms more advantageous than the previously announced plan to increase the Company's interest to 58%. The actions to determine if this is possible are in process. This press release contains projections and other forward-looking statements regarding future events or the future financial performance of the Company. These statements are only predictions and actual events or results may differ materially. Refer to the documents the Company files from time to time with the Securities and Exchange Commission. These documents contains and identify important factors that could cause the actual results to differ materially from those contained in the projections or forward-looking statements in this press release. Zitel Corporation is an Information Technology company specializing in systems optimization, modeling and search technology. The Company's Year 2000 services include consulting, project management, planning, analysis, code conversion, and testing. Zitel's headquarters are located at 47211 Bayside Parkway, Fremont, CA 94538. Telephone: 510-440-9600 or 800-622-5020. FAX: 510-400-9696. zitel.com. For information on Year 2000 services, call 888-FIND-FIX. Visit Zitel's web site for information and instructions to receive press releases via e-mail. NOTE: Zitel is a registered trademark of Zitel Corporation. MatriDigm is a registered trademark of MatriDigm Corporation. All other product names and brand names are trademarks or registered trademarks of their respective holders. SOURCE: Zitel Corporation