Veteran Chief Executive Officer Brings Proven Track Record For Breeding Successful Companies To Innovative Information Security Solutions Provider BREA, Calif. - October 11, 2000 -In a strategic move to better position Netlock Technologies for success, it announced today that Selwyn H. Joffe has been appointed president and chief executive officer. Netlock Technologies is a worldwide provider of highly reliable enterprise-wide security solutions, enabling organizations to keep communications safe from intrusion across global networks and within the enterprise."Selwyn Joffe`s ability to execute on company strategies and position enterprises for success is critical to Netlock Technologies," said Paul Naruse, chairman of the board of Netlock. "He is a visionary who brings with him a vast experience in the financial and marketing arena. He has the leadership to develop companies as successful enterprises.""A serious stumbling block in the use of Internet technology is the vulnerable nature of data and information available, exchanged or moving across public networks," said Selwyn Joffe, president and chief executive officer of Netlock Technologies. "I am excited to be joining and leading a company that is at the forefront of providing solutions to address the growing problem of securing data in motion." Joffe was president and CEO of the Wolfgang Puck Food Company, where he was responsible for its spectacular growth in two core businesses, packaged food products and restaurants and food service. He developed the full infrastructure for the company and was responsible for increasing the value by over 1,000 percent in a five-year period. Joffe restructured the positioning of the company and was instrumental in raising over $30,000,000 in capital.As founder, president and director of Palace Entertainment Company, an amusement park company with 18 parks and over 2,500 employees, Joffe spearheaded funding for the company with over $150,000,000 in capital. He left Palace Entertainment with record earnings and performance after implementing the corporate infrastructure to run the company.Joffe is also chairman of the Board for Motorcar Parts and Accessories (MPA), the world`s largest re-manufacturer of alternators and starters, with sales in excess of $200 million.Joffe holds law and business degrees from Emory University in Atlanta, Georgia. He is a CPA and a member of the Georgia Bar Association.About Netlock Technologies, Inc.Netlock Technologies Inc. is a privately held global company headquartered in Brea, California that provides reliable, enterprise-wide security solutions. Netlock`s suite of security solutions ensures the safety and integrity of information across global networks and within the enterprise. For additional information, visit www.Netlock.com.
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