Exhibit 99.1
SPEEDLANE.COM, INC.
426 PALO ALTO AVENUE
PALO ALTO, CALIFORNIA 94302
(650) 618-1502
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SPEEDLANE.COM, INC. ANNOUNCES THE
APPOINTMENT OF GARY M. FUCHS AS PRESIDENT
AND CHIEF EXECUTIVE OFFICER
OCTOBER 24, 2000, PALO ALTO, CA. -- SPEEDLANE.COM, INC. (OTC BB: SPDL)
("SPEEDLANE" or the "COMPANY") announced the appointment of Gary M. Fuchs as
President and Chief Executive Officer effective August 22, 2000. He replaces
John Rothenberg, who left the Company to pursue other personal and professional
interests.
Mr. Fuchs's distinguished professional career includes more than 18 years of
senior level experience, as an investment banker, commercial banker, and
corporate executive. His diverse professional talents include global corporate
finance, international credit management, systems integration, corporate
development and management, as well as internal accounting/auditing. As a
specialist in corporate development, the appointment of Mr. Fuchs as
President/CEO provides the requisite leadership, vision, and experience as
Speedlane emerges as a leading provider of "next generation" Internet enabling
tools and enhancement software that improves computer performance.
"Mr. Fuchs commented, " As President and CEO, I look forward to the opportunity
and challenge of establishing Speedlane.com as a world class developer of
computer performance enhancement products for use both on the Internet, as well
as off-line applications. I am confident collectively we have the dedication,
proprietary knowledge and expertise to realize this objective."
ABOUT SPEEDLANE.COM:
Speedlane.com, Inc. is an emerging provider of Internet-enabling technologies,
products and service for use by both businesses and consumers. The Company's
flagship product, Speedlane Internet Optimizer has been shown to increase the
speed at which computers can download information from the Internet by as much
as 250%. The Company is currently developing a suite of additional
technology-based Internet products for business and personal applications. Visit
Speedlane on the Internet at www.speedlane.com.
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CERTAIN STATEMENTS INCLUDED IN THIS PRESS RELEASE MAY INCLUDE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM SUCH STATEMENTS EXPRESSED OR
IMPLIED HEREIN AS A RESULT OF A VARIETY OF FACTORS, INCLUDING, BUT NOT LIMITED
TO THE ACCEPTANCE BY THE MARKET OF THE COMPANY'S PRODUCTS, COMPETITION AND
FUTURE PRODUCT TRENDS THAT MAY AFFECT OPERATING PERFORMANCE, AS WELL AS OTHER
FACTORS EXPRESSED FROM TIME TO TIME IN THE COMPANY'S PERIODIC FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION (THE "SEC"). AS A RESULT, THIS PRESS RELEASE
SHOULD BE READ IN CONJUNCTION WITH THE COMPANY'S PERIODIC FILINGS WITH THE SEC.
For additional Information, please contact:
Gary M. Fuchs, President & CEO Steven Kessler
Speedlane.com, Inc. Silicon Communications
(732)786-0608 (516)539-0339
