[0] NeTrue Vipersat Networks Announces Appointment to VP of Sales and Marketing.

Business Editors

FREMONT, Calif.--(BUSINESS WIRE)--Oct. 24, 2001

NeTrue Vipersat Networks, a division of NeTrue Communications (CDNX:NTU.U.) today announced the appointment of Tim Floerchinger to the position of Vice President of Sales and Marketing.

As Vice President of Sales and Marketing, Mr. Floerchinger will have responsibility for sales and promotion of the company's broadband 2 way over satellite networking products. He brings over 18 years of technical, sales, and managerial experience in electronics, wireless, and satellite communications to this position.

Mr. Floerchinger joined Vipersat in early 2000 as the Director of Channel Sales. In this position Mr. Floerchinger focused on developing sales opportunities and relationships outside of the company's traditionally strong China market, in the process building a global sales network of distributors and representatives, each well established in their respective markets. Prior to Vipersat, Mr. Floerchinger held management level positions at wireless leader P-Com Communications, Lockheed Martin's Commercial Space Division and Vitacom Corporation, a Cable and Wireless company.

"In the eighteen months since Tim joined Vipersat, he has aggressively sought opportunities to promote our leading edge products, identifying and bringing in key strategic partners," said Roger W. Kent, Senior Vice President NeTrue Communications, and General Manager, Vipersat Networks. "Tim's efforts have contributed greatly to Vipersat's entering the fourth quarter with a record sales backlog. In his new role, Tim will build on Vipersat's market strengths and expand the International presence of our networking solutions."

"Vipersat leads the Broadband IP over Satellite markets with its world class technology and innovation," said Tim Floerchinger, Vice President, Sales and Marketing, Vipersat Networks. "The company's investments in its channels, customer support and technology have set the stage for a bright future. I am looking forward to leveraging these strengths to drive revenue growth."

Vipersat Networks has sales and operations offices in Fremont, California and Beijing, China. Vipersat has established sales agents and distributors in India, South East Asia, Japan, the Americas, Europe and the Middle East. Vipersat is committed to furthering the development of Broadband solutions Via Satellite.

Vipersat Networks is a division of NeTrue Communications. Vipersat is a Satellite Network Solutions provider for private enterprise and public Internet applications utilizing advanced IP technology to support high quality switched multi-media wireless communications. For more information please visit www.vipersat.com

The Canadian Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.