Ariel Corporation Appoints Industry Veteran Esmond Goei As New Vice-Chairman of the Board

Aug 09, 1999, 01:00 ET from Ariel Corporation

    CRANBURY, N.J., Aug. 9 /PRNewswire/ -- Ariel Corporation (Nasdaq:   ADSP), a
 leading supplier of open systems remote access solutions for ISPs and
 Technical OEMs, today announced that it has appointed Esmond Goei as
 vice-chairman of its Board of Directors.  Mr. Goei brings more than 20 years
 of experience in the telecommunications industry to Ariel, with particular
 expertise in nurturing small companies to success and forging strategic
     "Ariel has already developed the technology base and begun the creation of
 key partnerships needed to succeed in the remote access marketplace," said
 Esmond Goei.  "I look forward to working with Ariel to broaden the strategic
 partnerships needed to translate that technology leadership into market
     "We're extremely pleased to have Esmond on board as vice-chairman,"
 remarked Tony Agnello, chairman of the board at Ariel.  "His experience
 working with emerging telecommunications companies and his stellar connections
 in the financial community should prove invaluable as Ariel continues its
 focused strategies in ISP and technical OEM markets."
     "Mr. Goei's successful track record guiding telecommunications startups
 makes him a welcome addition to the Ariel board," added Jay H. Atlas,
 President and CEO of Ariel.  "Ariel's recently announced PowerPOP and AAA
 initiatives have already been well received by the ISP and OEM remote access
 communities.  With Esmond's help, we will move quickly to take our efforts to
 the next level."
     Esmond Goei has co-founded five companies:  TranSwitch Corporation, a
 leading supplier of telecommunications chips; Transpac Capital, a global
 venture capital management company; Nhancement Technologies, a leading CTI
 systems integrator; Mayan Networks Corporation, a privately held
 telecommunications startup; and XiMnet Corporation, an electronic commerce
 Internet company.  At each of these companies, he has been instrumental in
 providing management, securing financing, and establishing key strategic
     In 1986, Mr. Goei co-founded TransTech Venture Management, an
 international venture capital management company, subsequently renamed
 Transpac Capital in 1989.  During his six-year stay, he oversaw operations in
 the U.S., Taiwan, Singapore, Malaysia, and Hong Kong, and was responsible for
 the majority of Transpac's U.S. investment gains as CEO for North American
 operations.  Funds under his co-management grew to over $150 million.  He was
 also responsible for transforming and securing turnaround financing a number
 of ailing companies, including Digital Research, CliniCom, and Earth's Best.
     In 1989, Mr. Goei, through TransTech, provided start-up financing for
 TranSwitch Corporation with two other investors.  While serving on the
 company's board of directors, Mr. Goei guided the company through several
 rounds of financing, which enabled the company to establish a solid
 technological foundation.  Today, the company is a leading supplier of ATM and
 SONET chips with a market capitalization of over $600 million.
     From 1989 through 1995, Mr. Goei also served as chairman of the board for
 Centigram Corporation, taking the company public in 1991 and transforming the
 company into a leading provider of integrated voice, fax, and email messaging
 technology.  Mr. Goei left the company in 1995 after having achieved record
 annual revenue of $80 million with profits in excess of $7 million.  In 1996,
 Mr. Goei founded Nhancement Technologies, transforming the nearly bankrupt
 Performance Factors into a profitable CTI systems integrator with sales of
 more than $20 million.
     Mr. Goei obtained his early telecommunications experience at Northern
 Telecom, where he last served as director of the corporate Venture Capital
 Division.  Prior to that, he was vice president of the Venture Capital
 Division at Toronto Dominion Bank and a senior systems consultant at Touche
 Ross (now Deloitte Touche).  Mr. Goei holds a bachelor's degree in electrical
 engineering from the Queen's University at Kingston and a MBA from Canada's
 prestigious University of Western Ontario.
     More on Ariel
     Ariel Corporation (Nasdaq:   ADSP) is a leading provider of high-density
 remote access plug-in cards for applications such as Internet access,
 corporate Intranet/Extranet access, on-line services, telecommuting,
 transaction processing, and unified messaging.  Ariel's remote access products
 make it easy for OEMs and system integrators targeting ISPs, corporate
 enterprises and other service providers to add high-density remote access to
 open systems platforms running a variety of popular operating systems,
 including Windows NT and Linux.
     Ariel's high-density remote access cards provide V.34, V.90-compatible
 56K, and basic rate, ISDN remote dial-in, LAN dial-out, and Internet
 back-haul.  Available in ISA, PCI and CompactPCI formats, the cards connect to
 T1, E1, ISDN, and POTS lines.  Ariel's remote access products run Windows NT
 and Linux out of the box.  An SDK is available for OEMs who want to use
 Ariel's remote access products with other operating systems.
    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:  World Wide Web:

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