Ariel Corporation Appoints Dennis Schneider As President and Chief Executive Officer
CRANBURY, N.J., May 31 /PRNewswire/ -- Ariel Corp. (Nasdaq: ADSP) today announced that its board of directors has appointed Dennis I. Schneider as chief executive officer and president, effective May 31, 2000. Mr. Schneider has served as Ariel's senior vice president of worldwide marketing since joining the company in December of 1998. "Dennis Schneider has been instrumental in devising and leading Ariel's efforts in our focus on the ISP market and establishing Ariel as a best-in-class provider of convergence-ready, network, access products for service provider OEMs," said Anthony Agnello, chairman of the board at Ariel. "Dennis has also been instrumental in helping us develop a new signaling gateway technology that will enhance our cost advantage in the ISP arena and offer higher margin products and services. The board is confident that Dennis will be able to help Ariel translate its technology leadership into market and sales leadership." "I'm excited about the opportunities I see for Ariel's growth and success," added Schneider. "I believe that Ariel's open architecture approach to network access, together with our PowerPOP, Ariel Access Architecture, and signaling gateway technologies, positioned us well to take advantage of the new markets being created by the convergence of voice and data networks and the explosive growth of the Internet. My top priority will be building sales success that capitalizes on Ariel's technology leadership in a way that maximizes shareholder value." Mr. Schneider's 29-year career spans the computer systems, networking, and telecommunications industries. He has held senior marketing and general management positions at Motorola and Digital Equipment Corporation, and led marketing consulting engagements with IBM, Lucent Technologies, Andersen Consulting and many others. Mr. Schneider is also a director of GIOS(TM) Incorporated, a consulting firm specializing in software development process improvement. Mr. Schneider succeeds Jay H. Atlas, who has stepped down for personal reasons. Mr. Atlas will be available to assist in the transition and will stay on as a director of the Company. More on Ariel Ariel Corporation (Nasdaq: ADSP) is a leading provider of high-density dial-up access equipment for applications such as Internet access, corporate Intranet/Extranet access, on-line services, telecommuting, transaction processing and unified messaging. Ariel's dial-up access products make it easy for ISPs and OEMs targeting ISPs and other service providers to create high-density dial-up solutions using open systems platforms running a variety of popular operating systems, including Windows NT and Linux. Statements contained in this press release that are not historical facts are forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, changing market conditions and the other risks detailed in the company's prospectus and from time to time in other filings. Actual results may differ materially from those projected. These forward- looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements. For more information on Ariel products, please contact Ariel Corporation at 2540 Route 130, Cranbury, NJ 08512. Phone: 609-860-2900, Fax: 609-860-1155, Email: email@example.com, World Wide Web: http://www.ariel.com.
SOURCE Ariel Corporation
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