NASHUA, N.H. (March 22, 2006) – Ezenia! Inc. (OTCBB: EZEN.OB), a leading market provider of real-time collaboration solutions for corporate and government networks and eBusiness, announced today that the Company has appointed Mr. John F. Stewart to its Board of Directors. His appointment is effective immediately.
Upon graduation from the Army ROTC at San Jose State, Mr. Stewart entered the US Army as a Second Lieutenant and served for 32 years as an infantryman and military intelligence professional, retiring in late 1994 as a Major General. Mr. Stewart`s distinguished military service included two tours of duty in Vietnam, operational assignments in infantry and airborne units, command through division equivalent level, a tour with the Central Intelligence Agency, military attaché in Mexico, Grenada, Panama, Desert Storm, and assignments in the Washington, DC, area. While in the Army, Mr. Stewart also earned a Masters Degree in Economics from the School of Advanced International Studies, The Johns Hopkins University.
In late 1994, Mr. Stewart joined the defense business, first with Cubic Applications, and then with GTE Government Systems in 1995 in San Jose, California. In 1997, he took on the responsibility of the Electronic Systems Division of GTE Government Systems, based in Mountain View, CA. The Division`s business consists of the development of Command and Control and Intelligence (C2I) systems for the Department of Defense (DoD) and US Intelligence Community (IC). In 1999, General Dynamics (GD) Corporation acquired GTE Government Systems and over the years further assimilated other companies, many of which were in the C2I businesses. During the period from 1999 to 2005, his responsibilities grew from President of a division of about 1,500 employees and $300 million annual revenue to President of the GD Company, called GD Advanced Information Systems (GD-AIS), with approximately 11,500 employees and $2.5 billion annual revenue. The new business entity, GD-AIS, not only had the basic business of C2I but also expanded from systems development to a balance of development and engineering services. Mr. Stewart retired from General Dynamics Corporation on September 1st, 2005, as one of its corporate officers.
“I am delighted to have John join our Board of Directors and proud of his distinguished service to our nation, including two tours of duty in Vietnam,” said Khoa Nguyen, Ezenia Chairman and CEO. “John was instrumental in the creation and incubation of InfoWorkSpace (IWS) over the years. Without his leadership and support, IWS would not have come to fruition nor would it have the functionality that makes it ideally suitable to address the needs and requirements of the Warfighters. IWS success to date, within the DoD and IC, is directly attributable to John`s in-depth understanding of true real-time collaboration requirements to conduct and coordinate operations in mission critical situations. In addition, Ezenia`s current success and growth would not have been possible without John’s support and generosity during the critical years of 2002 through 2004. I look forward to working closely with John and benefiting from his business expertise, insight, guidance, and wisdom to achieve our growth objectives.”
“Ezenia has made significant progresses since it acquired the InfoWorkSpace business in March 2001 and has successfully developed a loyal and increasing customer base within the DoD and IC,” said John Stewart. “With its consistent profitability and solid financial standing, coupled with the pending release of the much enhanced IWS version 3.0, the Company has the resource and product line to expand its business to servicing the needs and requirements of homeland security. Ezenia has the right solution to enable various agencies and first responders to come together and handle any crisis from the threat of terrorism to natural disasters. I look forward to working closely with Khoa and other members of the Board of Directors to help their business grow and prosper in the coming years.”
Further information about Ezenia! Inc., is available by visiting the company website at www.ezenia.com.
About Ezenia! Inc.
Ezenia! Inc. (OTC Bulletin Board: EZEN.OB), founded in 1991, is a leading provider of real-time collaboration solutions, bringing new and valuable levels of interaction and collaboration to corporate networks and the Internet. By integrating voice, video and data collaboration, the Company’s award-winning products enable groups to interact through a natural meeting experience regardless of geographic distance. Ezenia! products allow dispersed groups to work together in real-time using powerful capabilities such as instant messaging, white boarding, screen sharing and text chat. The ability to discuss projects, share information and modify documents allows users to significantly improve team communication and accelerate the decision-making process. More information about Ezenia! Inc. and its product offerings can be found at the company’s Web site,www.Ezenia.com.
Note to Investors Regarding Forward-Looking Statements
Statements included herein that are not historical facts may be considered forward-looking statements. You can identify these forward-looking statements by use of the words “expects,” “anticipates,” “estimates,” “believes,” “projects,” “intends,” “plans,” “will,” “may,” and similar words. Such forward-looking statements, including statements regarding our business and financial outlook, long-term strategy, improvements in our infrastructure, and proposed earnings per share growth targets, involve risks and uncertainties that could cause actual operating results to differ materially from those indicated by such forward-looking statements. These risks and uncertainties include the considerations that are discussed in the Company’s 2005 Annual Report on Form 10-K as amended for the year ended December 31, 2005, such as its dependence on the United States government as its largest customer, adverse changes in available funding and discretionary spending within the Department of Defense, its dependence on other major customers, the evolution of Ezenia!’s market, rapid technological change and competition within the collaborative software market, its reliance on third-party technology, protection of its propriety technology, acceptance of IWS in the commercial market, retention of key employees, stock price volatility, customer acceptance of Version 3.0 of InfoWorkSpace, its history of liquidity concerns and operating losses, and other considerations that are discussed further in such report. You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation to update forward-looking statements after the date of such statements.
Note: Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia! Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional information on Ezenia! and its products is available at our website http://www.ezenia.com.