FOR IMMEDIATE RELEASE
FOR ADDITIONAL INFORMATION CONTACT:
PRESS CONTACT:
Art Wilder
TCSI Corporation, +1 510-749-8657
[email protected]
TCSI APPOINTS YASUSHI FURUKAWA AS CHIEF EXECUTIVE OFFICER
ALAMEDA, CALIFORNIA - AUGUST 21, 2000 - The Board of Directors of TCSI
Corporation (Nasdaq: TCSI), a leading provider of software for the global
telecommunications industry, today announced the appointment of Yasushi Furukawa
as President and Chief Executive Officer. He replaces Norman E. Friedmann,
Ph.D., who has served as interim Chief Executive Officer since December 1999.
Mr. Furukawa brings 17 years of extensive telecom, Internet, multimedia and
global operations experience to this position. Since 1996, Mr. Furukawa has been
President, Chief Executive Officer and Founder of USAsiaCom, Inc., an
Atlanta-based provider of turnkey broadband network solutions for Internet
infrastructure related projects worldwide. From 1989 to 1996, Mr. Furukawa was
Executive Vice President of JBTV International, Inc., a telecom network service
carrier, where he was responsible for global operations. Mr. Furukawa, a native
of Tokyo, Japan, has spent the past 11 years in the United States gaining
valuable management experience in the converging communications industry,
including startup, initial public offering, and high profile partnerships with
communications service providers and OEMs. Mr. Furukawa holds a Bachelor of Arts
degree in Communications from Nihon University.
"I am very pleased that we were able to attract such a strong candidate to
permanently fill the Chief Executive Officer position," said Mr. Friedmann. "His
breadth of experience and affiliations with potential partners, should help us
realize the full revenue potential for our superior, cost effective telecom
software products and services."
"I'm excited to be joining the TCSI team," said Mr. Furukawa. "I am impressed
that for the past 17 years TCSI has delivered carrier-class software and
services to its customers, building its reputation as a technology leader. With
its truly innovative technology, products and services, I believe the Company is
prepared to take advantage of the growing global telecom market. My goal is to
take TCSI to that next level
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to meet the changing worldwide dynamics of our industry. I believe that our
investors, customers and partners will appreciate the significant undertaking
that is about to unfold. "
ABOUT TCSI CORPORATION
TCSI (Nasdaq: TCSI) is a leading provider of software products and services for
the global telecom industry. TCSI's solutions enable telecom service providers,
equipment manufacturers, enterprise network users, and systems integrators to
rapidly deploy and manage network infrastructure and services. The WorldWin(R)
product line provides integrated OSS solutions, including provisioning and
service assurance for emerging service providers worldwide. The InExchange(R)
and IncomeConnect(R) mediation products have a rich heritage in the
telecommunications industry, and continue to offer proven solutions to meet the
demands of the emerging and established communications service providers.
The Catalant(R) and SolutionCore(R) product lines offer carrier-class network
management application and platform capabilities, targeting next generation
voice, data and wireless networks. The WorldWin(R) and IncomeConnect(R) product
lines provide integrated Operations Support System solutions, including
provisioning, service assurance and billing mediation functionality, for
emerging service providers worldwide. TCSI is located in Alameda, California,
with offices throughout North America, Europe, and the Pacific Rim. For more
information visit http://www.tcsi.com, or call us at +1 510-749-8500.
This press release contains certain forward-looking statements as that phrase is
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to a number of risks and uncertainties,
including, but not limited to, the following: that TCSI will not be able to
realize its full revenue potential and that TCSI will not be able to take
advantage of the growing telecom market. Further risks are detailed in the
Company's filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
