William Keiper Named Hypercom Chief Executive Officer

Daniel D. Diethelm Elected Chairman



Aug 30, 2005, 01:00 ET from Hypercom Corporation

    PHOENIX, Aug. 30 /PRNewswire-FirstCall/ -- Hypercom Corporation
 (NYSE:   HYC) today announced the appointment of William Keiper, 54, as Chief
 Executive Officer and President of Hypercom Corporation, effective
 immediately.  Keiper, a member of the Board since April 2000, had been serving
 as Chairman, interim Chief Executive Officer and President since March 30,
 2005.
     The Board of Directors, utilizing the services of a retained outside
 executive search firm, conducted an exhaustive search for a seasoned executive
 to fill the position vacated by the retirement of Christopher Alexander, the
 former Chairman and CEO of the Company, on March 31, 2005.  Following a global
 search effort, the Board concluded that Mr. Keiper is the person best equipped
 to serve the interests of the Hypercom stakeholders.
     "William Keiper is a seasoned public company executive, has been on the
 Board of the Company for over 5 years, understands the business well and has
 earned the respect of not only the Board members, but the employees and the
 Company's investors," said Phillip Riese, a member of the Hypercom Board of
 Directors.  "He has done a terrific job as interim CEO, and has proven to the
 Board and the Company's investors that he is exceedingly well-qualified to
 lead Hypercom into the future.  While we met many great executives during the
 search, the Board unanimously concluded that Will was the best person for the
 job."
 
     About William Keiper
     Mr. Keiper has over 30 years of business experience, more than 18 of which
 have been in the management of software, technology and IT product
 distribution and services organizations.
     As President and Chief Operating Officer of MicroAge, Inc., an indirect
 sales-based IT products distribution and services company, he was a key
 executive in helping to profitably drive more than a billion dollar revenue
 increase over the course of his tenure with the company.  He is former
 Chairman and CEO of Artisoft, Inc., a then $100M+ public networking and
 communications software company.  He also currently serves on the Boards of
 Directors of JDA Software Group, Inc.; Zones, Inc.; and Smith Micro
 Corporation.
     Mr. Keiper has degrees in business and law, and a Master's in
 International Management from the Thunderbird American Graduate School of
 International Management.  He is a former Chairman of the Arizona Software
 Association, and was a nominee for Ernst & Young Entrepreneur of the Year.
 
     Daniel D. Diethelm Appointed Chairman of the Board of Directors
     With Keiper's appointment as CEO, and consistent with the Board's prior
 determination to divide the roles of Chairman and CEO, the Company announced
 the election of Daniel D. Diethelm, 42, as Chairman of the Board of Directors
 of Hypercom Corporation.
     Dan Diethelm has served as a director of the Company since January 2004
 and currently serves as Chairman of the Audit Committee of the Board.  He also
 previously served as a Hypercom director from August 2001 to May 2003.
 
     About Daniel D. Diethelm
     Mr. Diethelm has been President of 4Group, LLC, a private equity firm
 since 2003.  Since 1998, he has also been Managing Partner of Sudan Funding,
 LLC, which acts as a manager, investor and consultant primarily in turnaround
 situations.  From January 2000 to January 2001, Mr. Diethelm was President and
 CEO of Aeropower Resources, Inc., a Rolls-Royce gas turbine Authorized
 Maintenance Center and FAA repair station.  From 1991 to 2000, Mr. Diethelm
 was Chief Executive Officer of Sebec Corporation, a management, investment and
 consulting firm.  From 1984 to 1991, Mr. Diethelm was Chief Operating Officer
 and Senior Analyst at Gould Research, Inc., a registered investment advisor
 and investment management software and database development company, and
 served as a member of the Gould Research, Inc. Board of Directors.  He is also
 a member of the Board of Directors of Western International University.
     Mr. Diethelm is a Chartered Financial Analyst.  He received a Bachelor of
 Science Business Administration in Finance from the University of Arizona.
 
     About Hypercom (www.hypercom.com)
     Widely recognized as the global payment technology innovator, Hypercom
 delivers complete card payment terminal, network access device, server and
 transaction networking solutions that help merchants and financial
 institutions generate revenues and increase profits.  Hypercom's card payment
 terminal, network and server solutions are leading the transformation of
 electronic payments in more than 100 countries.  The company is headquartered
 in Phoenix, Arizona.
 
     Hypercom is a registered trademark of Hypercom Corporation.  This press
 release includes statements that may constitute forward-looking statements
 within the meaning of the Private Securities Litigation Reform Act of 1995,
 including statements regarding the qualifications of the Company's new Chief
 Executive Officer and new Chairman, and the Company's expected future
 performance.  These forward-looking statements are based on management's
 current expectations and beliefs and are subject to risks and uncertainties
 that could cause actual results to differ materially from those described in
 the forward-looking statements.  In particular, factors that could cause
 actual results to differ materially from those in forward-looking statements
 include, the ability to attract and retain qualified executives; industry,
 competitive and technological changes; the loss of, and failure to replace any
 significant customers; the composition, timing and size of orders from and
 shipments to major customers; inventory obsolescence; market acceptance of new
 products and services; the performance of suppliers and subcontractors; risks
 associated with international operations and foreign currency fluctuations;
 the state of the U.S. and global economies in general and other risks detailed
 in our filings with the Securities and Exchange Commission , including the
 Company's most recent 10-K and subsequent 10-Qs.  Forward-looking statements
 speak only as of the date made and are not guarantees of future performance.
 We undertake no obligation to publicly update or revise any forward-looking
 statements. HYCP
 
      Contact:
      Scott M. Tsujita
      Sr. Vice President of Finance,
      Treasury & Investor Relations
      Hypercom Corporation
      Phone: 602-504-5161
      Email: stsujita@hypercom.com
 
 

SOURCE Hypercom Corporation
    PHOENIX, Aug. 30 /PRNewswire-FirstCall/ -- Hypercom Corporation
 (NYSE:   HYC) today announced the appointment of William Keiper, 54, as Chief
 Executive Officer and President of Hypercom Corporation, effective
 immediately.  Keiper, a member of the Board since April 2000, had been serving
 as Chairman, interim Chief Executive Officer and President since March 30,
 2005.
     The Board of Directors, utilizing the services of a retained outside
 executive search firm, conducted an exhaustive search for a seasoned executive
 to fill the position vacated by the retirement of Christopher Alexander, the
 former Chairman and CEO of the Company, on March 31, 2005.  Following a global
 search effort, the Board concluded that Mr. Keiper is the person best equipped
 to serve the interests of the Hypercom stakeholders.
     "William Keiper is a seasoned public company executive, has been on the
 Board of the Company for over 5 years, understands the business well and has
 earned the respect of not only the Board members, but the employees and the
 Company's investors," said Phillip Riese, a member of the Hypercom Board of
 Directors.  "He has done a terrific job as interim CEO, and has proven to the
 Board and the Company's investors that he is exceedingly well-qualified to
 lead Hypercom into the future.  While we met many great executives during the
 search, the Board unanimously concluded that Will was the best person for the
 job."
 
     About William Keiper
     Mr. Keiper has over 30 years of business experience, more than 18 of which
 have been in the management of software, technology and IT product
 distribution and services organizations.
     As President and Chief Operating Officer of MicroAge, Inc., an indirect
 sales-based IT products distribution and services company, he was a key
 executive in helping to profitably drive more than a billion dollar revenue
 increase over the course of his tenure with the company.  He is former
 Chairman and CEO of Artisoft, Inc., a then $100M+ public networking and
 communications software company.  He also currently serves on the Boards of
 Directors of JDA Software Group, Inc.; Zones, Inc.; and Smith Micro
 Corporation.
     Mr. Keiper has degrees in business and law, and a Master's in
 International Management from the Thunderbird American Graduate School of
 International Management.  He is a former Chairman of the Arizona Software
 Association, and was a nominee for Ernst & Young Entrepreneur of the Year.
 
     Daniel D. Diethelm Appointed Chairman of the Board of Directors
     With Keiper's appointment as CEO, and consistent with the Board's prior
 determination to divide the roles of Chairman and CEO, the Company announced
 the election of Daniel D. Diethelm, 42, as Chairman of the Board of Directors
 of Hypercom Corporation.
     Dan Diethelm has served as a director of the Company since January 2004
 and currently serves as Chairman of the Audit Committee of the Board.  He also
 previously served as a Hypercom director from August 2001 to May 2003.
 
     About Daniel D. Diethelm
     Mr. Diethelm has been President of 4Group, LLC, a private equity firm
 since 2003.  Since 1998, he has also been Managing Partner of Sudan Funding,
 LLC, which acts as a manager, investor and consultant primarily in turnaround
 situations.  From January 2000 to January 2001, Mr. Diethelm was President and
 CEO of Aeropower Resources, Inc., a Rolls-Royce gas turbine Authorized
 Maintenance Center and FAA repair station.  From 1991 to 2000, Mr. Diethelm
 was Chief Executive Officer of Sebec Corporation, a management, investment and
 consulting firm.  From 1984 to 1991, Mr. Diethelm was Chief Operating Officer
 and Senior Analyst at Gould Research, Inc., a registered investment advisor
 and investment management software and database development company, and
 served as a member of the Gould Research, Inc. Board of Directors.  He is also
 a member of the Board of Directors of Western International University.
     Mr. Diethelm is a Chartered Financial Analyst.  He received a Bachelor of
 Science Business Administration in Finance from the University of Arizona.
 
     About Hypercom (www.hypercom.com)
     Widely recognized as the global payment technology innovator, Hypercom
 delivers complete card payment terminal, network access device, server and
 transaction networking solutions that help merchants and financial
 institutions generate revenues and increase profits.  Hypercom's card payment
 terminal, network and server solutions are leading the transformation of
 electronic payments in more than 100 countries.  The company is headquartered
 in Phoenix, Arizona.
 
     Hypercom is a registered trademark of Hypercom Corporation.  This press
 release includes statements that may constitute forward-looking statements
 within the meaning of the Private Securities Litigation Reform Act of 1995,
 including statements regarding the qualifications of the Company's new Chief
 Executive Officer and new Chairman, and the Company's expected future
 performance.  These forward-looking statements are based on management's
 current expectations and beliefs and are subject to risks and uncertainties
 that could cause actual results to differ materially from those described in
 the forward-looking statements.  In particular, factors that could cause
 actual results to differ materially from those in forward-looking statements
 include, the ability to attract and retain qualified executives; industry,
 competitive and technological changes; the loss of, and failure to replace any
 significant customers; the composition, timing and size of orders from and
 shipments to major customers; inventory obsolescence; market acceptance of new
 products and services; the performance of suppliers and subcontractors; risks
 associated with international operations and foreign currency fluctuations;
 the state of the U.S. and global economies in general and other risks detailed
 in our filings with the Securities and Exchange Commission , including the
 Company's most recent 10-K and subsequent 10-Qs.  Forward-looking statements
 speak only as of the date made and are not guarantees of future performance.
 We undertake no obligation to publicly update or revise any forward-looking
 statements. HYCP
 
      Contact:
      Scott M. Tsujita
      Sr. Vice President of Finance,
      Treasury & Investor Relations
      Hypercom Corporation
      Phone: 602-504-5161
      Email: stsujita@hypercom.com
 
 SOURCE  Hypercom Corporation