<PAGE>
Exhibit 20.1
Tuesday January 2, 2:46 pm Eastern Time
Press Release
SOURCE: Panja Inc.
Panja Inc. Names Bob Carroll to Board of Directors
DALLAS, Jan. 2/PRNewswire/ -- Panja Inc. (Nasdaq: PNJA - news), a leader in
---- ----
device networking and innovative uses of broadband communications, today
announced that Bob Carroll has been appointed to its Board of Directors. Mr.
Carroll succeeds John McHale, who has resigned to pursue other interests.
Mr. Carroll has over thirty years' experience with a wide variety of technology
companies engaged in software and hardware manufacturing. He currently serves as
Chairman and CEO of BEI Holdings, Inc., a holding company with investments in
companies which manufacture electronic and automation products for the radio
broadcast industry.
Panja President and CEO Joe Hardt commented, "Bob's diverse background with a
variety of companies and his proven operational expertise will be a great
addition to Panja's Board. His experience in the industry offers Panja great
leadership into the future."
About Panja
Panja is a leader in device networking and innovative uses of broadband
communications. Panja designs, develops, and markets advanced electronic
hardware and software that extend Internet content to non-PC devices that target
both the consumer and enterprise markets. These devices deliver information and
entertainment direct to existing electronic devices, including stereos and
televisions, to optimize the benefits of broadband access. Panja's strategy is
to work with leading technology companies, content providers and distribution
partners to develop broadband entertainment applications, further integrate its
products with other devices, and lead the creation of solutions that extend the
Internet beyond the PC. For more information about Panja, visit
http://www.panja.com.
--------------------
Statements made in this press release that state the Company's or management's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could directly effect the
performance of the Company.
All trademarks and registered marks are the property of their respective
holders.
<PAGE>
SOURCE: Panja Inc.
