OPNET Appoints Ron Kaiser to its Board of Directors
BETHESDA, MD– November 11, 2003 --OPNET Technologies, Inc. (NASDAQ: OPNT), a leading provider of management software for networks and applications, today announced that it has completed its search for a new independent director with the appointment of Ron Kaiser to its Board of Directors and to the company’s Audit Committee on October 22, 2003. Mr. Kaiser fills the seat vacated by Bruce Evans, of Summit Partners in April 2003.
Mr. Kaiser presently serves as CFO of Air Cargo, Inc., which is a leading US and European cargo transportation logistics provider, and a privately-held business primarily owned by the Carlyle Group. Mr. Kaiser has more than 20 years experience in financial and accounting management at both publicly-held businesses and private enterprises, and has been a CFO of eight different companies in 3 technology segments. Prior to Air Cargo, Mr.Kaiser served as OTG Software’s Chief Financial Officer, where he was instrumental in OTG’s management from 1998 through its Initial public offering in 2000 and its ultimate sale to Legato Systems for approximately $400 million in May of 2002. Prior to OTG, Mr. Kaiser served as CFO to an Internet firewall and security software company, Trusted Information Systems, Inc. (TIS), where he played a key role in orchestrating the company’s $50 million public offering in October 1996, as well as its ultimate sale in February 1998 for $350 million to Network Associates. Prior to his tenure at TIS, he was the CFO of American Communications Services, Inc.
“I’m proud to join OPNET’s Board,” said Kaiser. “OPNET is a leader and pioneer, and has a reputation of delivering best-in-class network and application management solutions to its customers. I look forward to working with the rest of the Board members and management in addressing key financial and policy matters.”
“We are extremely pleased to have Ron on OPNET’s Board. We selected Ron because of his significant financial management experience in established companies, and his broad knowledge of the IT industry.” stated Marc Cohen of OPNET. “I would also like to thank retiring Board member Bruce Evans for his dedicated and invaluable service to OPNET since 1997.”
About OPNET
Founded in 1986, OPNET Technologies, Inc. (NASDAQ: OPNT) is a leading provider of management software for networks and applications. For more information about OPNET and its products, visit www.opnet.com.
###
OPNET and OPNET Technologies, Inc., are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. ("OPNET") assumes no obligation to update statements. Forward-looking statements are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. For a discussion of risk factors, see OPNET's reports, including its most recent 10-Q and 10-K, filed with the Securities & Exchange Commission.
###
Note to editors: The word OPNET is spelled with all
upper-case letters.
OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com
OPNET Investor Relations:
Mel Wesley
OPNET Technologies
(240) 497-3000
ir@opnet.com
www.opnet.com