CAMBRIDGE, England--(BUSINESS WIRE)--June 21, 1999--
Leading Provider of Spatial Resource Planning
(SRP) Solutions Expands for Future Growth
Smallworldwide plc, (Nasdaq: SWLDY), the leading developer of new-era GIS applications that allow companies full integration between GIS, engineering, business and operational support systems including spatial management applications such as Smallworld 3, PowerOn(TM) and Smallworld Communications(TM), today announced an expansion of its board of directors with the addition of Ronald S. Posner. Effective immediately, Posner joins other board members: Dr. Richard G. Newell, chairman of the board, Andrew P. Stafford, chief executive officer, Richard T. Green, vice president, Timothy Cadman, Wolfgang D. Chittka, and Mark Diskin.
"We're excited that Ron Posner has joined the Smallworld Board of Directors," said Dick Newell, chairman of Smallworld. "A prominent figure in the technology industry, Ron's experience and track record running publicly traded software companies has clearly helped make those companies more successful. We believe he will provide strategic leadership and expertise, as well as a unique U.S.-oriented viewpoint, to take Smallworld to new heights."
A leader in the high technology, software and Internet markets for more than 20 years, Posner has spearheaded some of the most innovative software deals in history and has now turned his talents to provide guidance to public and private companies to enhance their growth in the enterprise and e-commerce markets. Posner is founder and chairman of the board of PS Capital, a venture capital firm based in San Francisco, New York and London, that is focused on growth in the software and Internet markets. He is currently creating an international fund to support the entry of US Internet companies into European markets, and is identifying Internet resellers in each major European market to support international expansion.
Posner recently joined the board of directors of Internet software superstore Beyond.com (NASDAQ: BYND), and during 1998, he joined the board of Asymetrix Learning Systems, Inc. (NASDAQ: ASYM), a leading provider of Internet-based enterprise learning solutions. Posner also holds key advisory and investment roles with GlobalNetFinancial.com, Inc. (GLBN) and Prizecentral.com.
"I am pleased to join the Board of Directors at Smallworld, and I am looking forward to providing an active leadership role in the future of a company that has a clear strategy for continued growth," said Posner. "Spatial resource planning is flourishing as an integral part of the enterprise infrastructure world-wide."
Posner, 57, received his BS degree in mathematics from Rensselaer Polytechnic Institute and his MBA from Harvard Business School. He has significantly enhanced shareholder value for many leading companies such as Norton Utilities, Symantec, The Learning Company, SoftKey, WordStar, ANSA (Paradox), Segue, Borland, and CyberMedia.
With more than two decades in the technology industry, Posner began his career in the early 1970s with sales and marketing positions at Xerox Data Systems, The Mayfield Fund, Tratec, and the Coca-Cola Company. He later founded National Training Systems, a multimedia computer education provider. In 1983, he joined Ashton-Tate as a board member and executive vice president of world-wide sales and marketing. At Ashton-Tate, Posner was instrumental in expanding revenues from $10 million to over $200 million.
Posner has also held key advisory and investment roles with Electric Classifieds, the operator of Match.com which was sold to Cendant; NetAngels, which was acquired by Firefly, a company subsequently sold to Microsoft; TunesNetwork (Tunes.com), which was sold to Jam TV; the DJ.COM, renamed Spinner.com and sold to AOL; STV; Snickelways; Novatel; and Rival Networks in Germany. He is also an investor in the Kleiner Perkins Zaibatsu Fund, The New Enterprise Associates President's Fund, and the new H&Q Access Technology Fund.
Smallworldwide plc, (www.smallworld-us.com) develops and markets software products that model real world assets and services, allowing organizations to understand where there facilities and customers are located, seamlessly integrating this information across the enterprise. The world's leading spatial resource planning company, Smallworld's object-oriented technology offers fast implementation and easy integration so that its customers can increase revenues, improve customer service, and better utilize their assets. The company has more than 500 customers in over 36 countries around the world. Smallworldwide plc is headquartered at Elizabeth House, 1 High Street, Chesterton, Cambridge CB4 1WR, England; Telephone, +44 (0) 1223.301144, and has affiliate offices in the United States at 5600 Greenwood Plaza Blvd., Englewood, Colorado 80111; Telephone, +1.303.779.6980 and Asia Pacific at 47 Cantonment Road, Singapore 089749; Telephone, +44 (0) 1223.460199.
Please note that some statements contained within this report may be of a forward-looking nature and may involve risks and uncertainties. Actual future results and outcomes may differ materially from those discussed. Factors that may cause such differences include, but are not limited to, management of growth, the impact of cost reduction measures, market acceptance of the Company's product and services, risks associated with new product versions, dependence on third party relationships and the activities of competitors. For a more detailed discussion of the risks associated with the Company's business, please see the Company's Form 20-F on file with the United States Securities and Exchange Commission.

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