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ReefEdge, Inc. Expands Executive Team; Ajei Gopal Named Chief Operating Officer; Douglas Mazlish Named Vice President, Business Development.

FORT LEE, N.J., July 10 /PRNewswire/ --

ReefEdge, Inc., a leading wireless networking software company, announced today a strategic realignment and expansion of its executive management team to help drive future growth initiatives.

Ajei S. Gopal, previously the company's Executive Vice President, will assume a new role as Chief Operating Officer. As COO, he will help guide expansion of the company, assuming direct responsibility over product development and engineering, business development, and sales and marketing. ReefEdge CEO Inder Gopal will guide overall corporate strategy, investor relations, and finance and accounting, while maintaining a strong focus on profitability and long-term strategy. ReefEdge recently announced it had secured an additional $15 million in financing to the acceleration of its sales, marketing and product development initiatives.

"I am excited about the opportunity to help take ReefEdge to the next level," says Ajei Gopal. "With the WLAN market exploding, ReefEdge's unique suite of wireless networking infrastructure products provide a crucial solution for enterprises looking to increase the productivity of their workforce, and the effectiveness and security of their wireless networks."

In addition, ReefEdge announced today that Douglas M. Mazlish has been named Vice President of Business Development. Mazlish brings an impressive record of building strategic partnerships and customer relationships to his new position. Prior to joining ReefEdge, he was Vice President of Business Development at Winstar Communications's E-Business Solutions Group.

At Winstar, he was responsible for developing the company's ASP and Managed Hosting business by negotiating strategic relationships with Microsoft, Great Plains, Oracle, Compaq, KPMG and others. His efforts resulted in driving annual revenue for the group from $30 million to $120 million over a 16-month period. Mazlish served in several other senior management positions at Winstar, including Senior Director of Business Development and Interim Vice President of Marketing and Product Development. Prior to joining Winstar, Mazlish served in a variety of management positions at Citizens Telecom, Telecommunications Techniques Corp., and Hewlett-Packard. He holds a BS degree in Electrical Engineering from Cornell University, a MS in Electrical Engineering from Tufts University, and an MBA from the Leonard N. Stern School of Business, New York University.

"We're thrilled to be able to add an executive of Doug's caliber, with a track record of resoundingly successful business development efforts, to our executive team," said Inder Gopal. "Today's announcement represents the next step in our efforts to build on our initial successes and will add value at each phase of ReefEdge's growth," he added.

About ReefEdge, Inc.

ReefEdge builds wireless networking software that enables enterprises to create secure, managed in-building wireless systems using the latest short-range technology, such as Bluetooth and 802.11. The ReefEdge Mobile Domain(TM) empowers mobile users to access applications, services and information, communicate across an open platform, interface with networked resources such as printers and projectors, and allows IT managers to quickly, economically and securely deploy large numbers of mobile devices. Formed in 2000, ReefEdge is co-founded by former AT&T, IBM and Prodigy senior executives. For additional information, visit our Web site at http://www.reefedge.com.

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Date:Jul 10, 2001
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