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Subject: [announce] OASIS Member News: NeoCore Names New President and CEO
NEWS RELEASE Contact: Jil Goebel/Jane Turnis Origin Communications Tel: 719.785.9900 Fax: 719.630.8537 jane.turnis@origincom.com FOR IMMEDIATE RELEASE NEOCORE NAMES RIC MILES NEW PRESIDENT AND CEO Leader's extensive technology and business background will take NeoCore to next level COLORADO SPRINGS, Colorado - Jan. 7, 2002 - NeoCore has chosen Eric "Ric" Miles as its new president and chief executive officer, effective immediately. Miles was most recently the executive vice president of worldwide operations at FrontRange Solutions, also based in Colorado Springs. His previous experience includes executive and managerial positions at PeopleSoft, Vantive, Compaq Computers and Tandem. Company Chairman and founding CEO Tim Dix stated that Miles' hiring is the culmination of a more than a yearlong search to find the right industry-based person to lead NeoCore's operations as the company grows and pursues major national and international business opportunities. "Ric is a well-connected and experienced industry leader who will provide the necessary leadership to scale the company to meet the extraordinary market opportunity for NeoCore's XML Information Management System," Dix said. NeoCore XMS is a self-structuring native XML database that serves as an extremely efficient information infrastructure for dynamic business applications. "We have been looking for someone with Ric's talent for a period of time. We conducted an extensive, nationwide search, and we were very fortunate to find him right here in Colorado Springs," Dix said. "We need to grow the company far beyond its present size, and we are confident that Ric is the right person to lead this growth. His Colorado background, connections and experience in Silicon Valley are great assets to NeoCore. The entire NeoCore team is very enthusiastic about working with him." At FrontRange Solutions, Miles was hired as vice president of marketing and business development; he held that role for three months before being promoted to executive vice president of worldwide operations. Prior to FrontRange, Miles was senior vice president of global alliances and partnerships at PeopleSoft Inc., vice president of global marketing at Vantive, vice president of Tandem sales and marketing at Compaq Computers, and director of Americas sales and operations at Tandem. Miles said he anticipates substantial growth at NeoCore. "My immediate agenda is to establish a very clear position in this emerging market, and to develop a rock-solid business model," he said. "I see huge opportunities for NeoCore and its innovative technology. I'm thrilled to have this opportunity." Miles will also join the company's board of directors. Dix, a co-founder of NeoCore, will continue to work full time for the company as senior consultant and its chairman. Chris Brandin, NeoCore's other co-founder and inventor of its proprietary technology, continues to serve the company as its CTO. Both Dix and Brandin continue as members of the company's board of directors. About NeoCore Inc. NeoCore Inc. is an innovator and provider of high-performance XML information management systems that are powered by the company's patented Digital Pattern Processing technology. NeoCore's products allow organizations to rapidly respond to changing business requirements by eliminating costly database development time and by enabling the creation of "adaptable applications" - business applications that easily adapt to heterogeneous and ever-changing data sets. NeoCore is funded by Baker Capital and Soundview Technology Group. The company was founded in 1997 and is headquartered in Colorado Springs, Colorado. For more information, call (719) 576-9780 or visit www.neocore.com. ## Editor's note: Please send NeoCore inquiries to Marketing Communications Department, NeoCore Inc., 2864 S. Circle Drive, Suite 1200, Colorado Springs, CO, 80906.
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