Bernard Perrine Named CEO of Telezygology, Inc.; TZ Limited Taps Microsoft Executive to Steer Aggressive Growth Strategy.

CHICAGO -- TZ Limited (ASX:TZL), is pleased to announce the appointment of Bernard Perrine as chief executive officer of its subsidiary, Telezygology, Inc. (TZ Inc). Mr. Perrine succeeds Chris Kelliher who was recently promoted to oversee the TZ Limited group of companies as TZ Group CEO.

Prior to joining TZ Inc, Mr. Perrine served as general manager of marketing for the Mobile and Embedded Devices Division at Microsoft Corporation, where he was responsible for global sales and marketing teams for Windows Mobile(TM) software for Pocket PCs, Smartphones and embedded devices.

Before Microsoft, Mr. Perrine was a vice president at Eastman Kodak, responsible for their global retail photofinishing business. He also held several other management positions within Eastman Kodak including vice president and general manager of OnSite Pictures (OSP), and vice president of Output Marketing, for the U.S. and Canada region.

Prior to Eastman Kodak, Mr. Perrine was a founding partner of Kinko's Inc., where he began his career in 1985. During his tenure with Kinko's, Mr. Perrine held several positions, most notably, vice president, Branch Systems for Kinko's Worldwide.

"Bernard's considerable experience makes him well qualified for this position," said Chris Kelliher, TZ Group CEO. "As the complexity of the business increases, it is vital we have the best people and talent to steer the course. The addition of Bernard to an already capable and focused team is an important development for us. Additionally, our collective management experience at Microsoft is particularly relevant to our goal of establishing TZ software as the industry standard for our Intelligent Fastening Technology."

About TZ Limited

TZ Limited develops proprietary technologies including Intelligent Fastening, software, modular building systems, smart materials actuation and medical devices. The company possesses the full range of vertically integrated product development capabilities needed to support the development of its proprietary technologies and products. TZ Limited recently relocated its headquarters to Chicago from Australia where it was founded and remains publicly listed on the Australian Stock Exchange (TZL).

About TZ Inc

TZ Inc is the inventor of Intelligent Fastening Technology and a wholly owned subsidiary of TZ Limited. IFT has received broad industry recognition winning NASA Tech Briefs' "Product of the Month" award in June, 2005 and its prestigious "2005 Product of the Year Finalist" award. In addition to IFT, TZ Inc has developed a range of patented assembly enabling technologies and modular building solutions.