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Fakespace, Inc. Expands Management Team, Names Jim Angelillo President Addition of Veteran Manager Strengthens Executive Team, Sets Company On Path to Broaden Leadership in Immersive Display and 3D Visualization Markets Mountain View, CA - March 2, 1998 - Fakespace, Inc. today announced that it has named Jim Angelillo as president. The addition of Angelillo, who has extensive experience in product market development, strengthens the management team of Fakespace and positions the company for continued leadership in the growing market for immersive display and interactive 3D visualization technologies. The 39-year-old Angelillo was most recently the president and chief executive officer of Pyramid Systems, Inc. of Southfield, Mich., a company he co-founded in 1989. He was instrumental in establishing the company’s 3D visualization and immersive display business unit, which marketed products developed by the University of Illinois at Chicago. "Jim Angelillo brings background and experience in business planning and market driven product development that will help us to strengthen current marketing programssharpen our focus on serving customers, and address new markets," said Mark Bolas, chairman and chief executive officer of Fakespace, Inc. "His ability to manage a fast growing organization, forge strong relationships with industrial and research customers, and to translate user requirements into effective systems is an excellent match to the vision and skills of our management team and staff." Angelillo joins an executive staff that includes the three founders of Fakespace, Mark Bolas, Eric Lorimer, and Ian McDowall; and David Eggleston, who joined the company as vice president of sales and marketing in January 1994. This team established Fakespace as the leading developer of commercially available tools for viewing and interacting with virtual worlds, including the award-winning BOOM, PUSH™ and Immersive WorkBench™ displays and the PINCH™ hand gesture interface system. "Fakespace has consistently shown that it can deliver innovative products to the most demanding customers in the commercial, academic and government markets. Our expanded management structure will allow the development team, including Mark Bolas, to concentrate on creating future products that will build on this leadership position," said Angelillo. "We are clearly well positioned to play a major role in expanding the market for 3D visualization and display technologies as the concepts of ‘visual computing’ established in scientific and engineering applications are adopted throughout the information technology marketplace." Angelillo brings 17 years of experience in sales, marketing and executive management at companies serving the imaging and visualization markets to his new role at Fakespace. Prior to founding Pyramid, he was with Roscor Corp., a Chicago-based supplier of broadcast television systems. He was also vice president of sales and marketing for Video Concepts, a Southfield, Mich., supplier of projection-based presentation systems. In each of his previous positions, he has developed strong customer and supplier relationships and held responsibility for building global business for high-technology product lines. Fakespace, Inc. is the leading supplier of 3D immersive visualization systems used to interact with virtual environments created for applications in education and training, scientific and commercial research, product design and engineering, and location-based entertainment. Fakespace immersive display products include a family of virtual model displays, which project 3D images onto a tabletop surface that can be adjusted from horizontal to vertical viewing, including the Immersive WorkBench and the IWB-50™. The company's family of high-resolution immersive BOOM (Binocular Omni-Orientation Monitor) displays is comprised of the BOOM3C™, the Fakespace Simulation System (FS2™) and the PUSH Desktop Display. Other products include PINCH hand gesture interface systems, hardware and software for integrating applications into 3D visualization systems, and consulting services for applications development. Headquartered in Mountain View, Calif., the privately held company has been profitable since its founding in 1988. ### About Mechdyne Corporation Mechdyne Corporation is the world’s largest company dedicated to consulting and development of immersive, networked and collaborative visualization systems. The company addresses complex projects where an in-depth understanding of user requirements leads to the development of products and customized solutions involving elements of visual, software and support systems. Mechdyne’s product divisions provide advanced display technology, audio/visual systems design, and implementation services, as well as immersive and interactive software development and support. Headquartered in Marshalltown, Iowa, Mechdyne’s customers include leading government laboratories, military research programs, energy companies and a variety of ‘edutainment,’ manufacturing, and other users of visualization technology. More information is available at www.mechdyne.com. Mechdyne Press Contact Jeff Brum Matt Schmidt |
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