Wednesday, February 26, 2003

Mikael Frederiksen becomes CEO & President of Cycore I'm starting to wonder what happened to the last crop of 3D companies, so I figured I start another channel for 3D. This press release rekindled my interest in the space. UPPSALA, Sweden, February 11, 2003 - Cycore, the market leader in interactive 3D for e-communication, today announced that Mikael Frederiksen will replace Bengt Starke as CEO & President of Cycore as of Monday, February 10, 2003. Bengt Starke will remain in the Board of directors of Cycore. In addition, the Shareholders Meeting on January 30, 2003 elected a new Board of Cycore. In November, Cycore implemented a new shares issue from existing investors, leading to a major change in the ownership structure of the company. As a consequence a new board has been put in place under the chairmanship of Mr. Jens Jordan. Secondly, Cycore is also now putting more emphasis on a strategy where it keeps the on-line, mass market activities but focuses more directly to a partner/OEM oriented software company. As a natural consequence of this Bengt Starke will, as of Monday, be replaced by Mr. Mikael Frederiksen, who has a strong OEM background. Bengt Starke will remain on the board of directors. Mikael Frederiksen, 42, has extensive experience from a number of start-up and growth companies. Most recently, Mikael Frederiksen worked at Nycomed, implementing new sales & distribution strategies. 12:29:45 PM