Cenetec Expands Team as Five New Directors Join Technology Accelerator.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 4, 2001

Cenetec, the technology accelerator company, this week announced five new directors, expanding its senior professional team in the areas of technology, finance, legal and marketing.

Jeffrey D. Rubenstein, Cenetec chief operating officer, said, "Our professional team's depth is key to our ability to accelerate emerging technology companies to market. Leadership experience with technology-focused companies equips each of our new directors to play an important role in that process, as well as in Cenetec's own expansion." He said the new appointments bring Cenetec's staff to 40 employees since its founding in January 2000.

The latest additions to the company's management team at its Miami and Boca Raton technology accelerators include:

Orin Levey - Director of Technology, Boca - Levey brings extensive experience in software architecture and systems integration. Most recently, he was with ABT Corporation where he was a principal consultant and team leader for ERP Integration projects serving clients including Motorola, Visa, UPS and Bell South. At ICN, Ltd., he was responsible for establishing an Internet division for the touchtone informational delivery company. As senior consultant for Logica, Levey was technical lead, managing systems integration projects for companies such as Time Warner, Racal Datacom and PSE&G. He holds a bachelor's degree in computer science from the University of South Florida.

Bruce R. Lonic, Jr. - Director of Finance, Boca - Lonic joins Cenetec from Ocwen Technology Xchange, Inc., where he was senior manager of finance and accounting/controller for the mortgage industry software development firm. He has extensive experience in technology-related analyses and accounting including creating budget models, forecast data and product profitablilty standards. Previously he was assistant vice president at Salomon Brothers, Inc., responsible for operations management of Salomon Forex, Inc., where he gained expertise in pricing, budget and product profitablilty preparation and analysis. Lonic, a Florida-licensed CPA, earned his bachelor's degree from the University of South Florida and his master's degree from the University of Florida.

James Clavijo, Director of Finance, Miami - Clavijo most recently was chief financial officer of AW Industries-Telecommunications, equipment manufacturer, and previously of USA Companies, insurance marketer. As financial consultant for PDP /Strata, he was responsible for telecommunications and manufacturing reengineering consulting. He also served as finance manager for The Wackenhut Corporation. Clavijo, a Florida licensed CPA, holds a master's degree from Florida International University.

Michelle Lebowitz - Director of Marketing, Boca - Lebowitz joins Cenetec with nearly ten years of marketing management experience in the high technology field. Most recently, she was corporate marketing and communications manager at eBusiness software provider Daleen Technologies, where she developed integrated marketing strategies that successfully established market position in North America, Latin America and Europe. As corporate marketing manager for Sensormatic Electronics, she served on the global marketing and advertising council, contributing to the development of marketing strategies for Asia, Europe, North America and Latin America. She graduated with honors from Florida Atlantic University with bachelor's degrees in international business and in arts and humanities, specializing in foreign cultures.

Jason E. Perlman, Director of Legal Affairs, Boca - Most recently, Perlman served as a legal and finance consultant to several start-up technology and Internet companies. As president of a technology-based consumer credit company, he helped build a national credit card portfolio and negotiate a multi-million dollar credit facility with Daiwa Securities USA, Inc. He formerly practiced corporate and commercial litigation law with a prominent South Florida law firm. Perlman is a member of the Florida Bar Association and holds a bachelor's degree from the University of Florida, and a Juris Doctor from the University of Miami School of Law.

About Cenetec

Cenetec is the technology accelerator company led by accomplished technology entrepreneurs. It infuses startups and fast growing companies with the strategic guidance, expert "braintrust", facilities, business resources and capital access to rapidly accelerate high growth potential products and services to market.

Cenetec is developing a series of technology accelerators, with the first two located along the InternetCoast in Boca Raton and Miami, Florida, and a third scheduled to open in Gainesville in the first quarter, 2001. Cenetec's co-founders are Internet pioneer and President Scott H. Adams and CEO William D. Hager. The senior management team includes COO Jeffrey D. Rubenstein, CTO Dr. Richard A. Ford and General Counsel Robert C. White, Jr. Venture capital investors include Rock Creek Capital, HIG Ventures, Interprise Technology Partners and Sun Capital Partners. Cenetec is headquartered at 4950 Communication Avenue, Suite 900, Boca Raton, Florida 33431, 561-981-0200. More information is available at http://www.cenetec.com.