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Paula Young
Bitstream Inc.
(617) 520-8361
pyoung@bitstream.com | | | | Bitstream
Inc. Names Anna Chagnon President | | Former
Bitstream President Paul Trevithick will focus his efforts on Pageflex |
| | | CAMBRIDGE, MA - July 12, 2000
- Bitstream today officially announced the appointment of Anna M. Chagnon
as President of Bitstream to run Bitstream's type and technology business. Ms.
Chagnon succeeds Paul Trevithick as President of Bitstream. Mr. Trevithick will
continue to serve as President of Pageflex, Inc., a subsidiary of Bitstream that
focuses on on-demand marketing software and represents the Company's other principal
business. | | | | "Both
our Bitstream and Pageflex businesses are in a position to expand over the next
year and take advantage of new and emerging markets," said Charles Ying, Chief
Executive Officer and Chairman of the Board of Bitstream. "Since both businesses
have different strategies and markets, the Board believed it was time to have
one individual devoted to the success of each of our business lines so both could
receive the focused attention they deserve." | | |
| "I have every confidence in Anna's ability to manage
Bitstream's type and technology business, because for more than a year this has
been her main focus, and she's been doing a tremendous job. This announcement
recognizes her accomplishment over the past year in turning the type and technology
business into a profitable, growing business," said Mr. Trevithick. |
| | | Ms. Chagnon joined
Bitstream in July, 1997. She has served as Executive Vice President, Chief Operating
Officer, Chief Financial Officer, and General Counsel of Bitstream since August,
1998. | | | | About
Bitstream Inc. | | Bitstream Inc. (Nasdaq:BITS)
is the leading developer of font technology, digital fonts, and custom font designs
for a wide variety of markets. Setting the standard for excellence in font technology,
Bitstream holds numerous key patents that cover the creation of portable fonts
for the Internet. Bitstream licenses its award-winning TrueDoc®, WebFont™, and
Font Fusion™ technology to Web and application developers, and to manufacturers
of Internet appliances, wireless devices, set-top boxes, embedded systems, printers,
and personal digital assistants. | | |
| Founded in 1981, Bitstream is the first digital font
foundry. In 1999, Bitstream created MyFonts.com Inc. (http://www.myfonts.com),
the Web site for finding, trying, and buying fonts on line. Bitstream is headquartered
in Cambridge, Massachusetts. Find out more about Bitstream at http://www.bitstream.com. |
| | | About Pageflex,
Inc. | | Pageflex, Inc. develops, markets,
and supports Web-based on-demand marketing solutions and related technology. Operating
from a Web browser, marketing on demand involves the dynamic creation of highly
personalized and customized marketing documents such as brochures and datasheets.
Innovative flexible page template technology assembles XML text and image content
into output PostScript or PDF pages based on customer profile information. Pageflex's
template technology is based on the NuDoc XML composition engine. The Company
was established in 1999 as a wholly-owned subsidiary of Bitstream. For more information
on Pageflex and its products, visit the company on the Web at http://www.pageflexinc.com. |
| | | ©2000 Bitstream Inc.
Bitstream and TrueDoc are registered trademarks, and Font Fusion, NuDoc, and WebFont
are trademarks of Bitstream Inc. Pageflex is a trademark of Pageflex, Inc. Other
technologies and brand names are trademarks or registered trademarks of their
respective companies. | | |
