Trusted For Nearly 40 Years

LapLink Inc. Announces Completion of Financial Restructuring; With Completion
of Financial Restructuring the Company Name Also Changes to Laplink Software Inc.

 

May 15, 2003

Laplink® Software, Inc., a software provider for mobile access to information and synchronization of data, announced today that its restructuring has been completed and that it has emerged from Chapter 11 pursuant to the reorganization approved by the bankruptcy courts. LapLink sold the company’s assets to a former Microsoft executive, Thomas Koll.

Founder of LapLink Inc., and President of the new LapLink Software Inc., Mark Eppley said, “We have emerged from our restructuring with a vastly improved capital structure which will better enable us to release new products that meet our customers needs. This is a brand new day for LapLink. It’s not often a company gets a second chance and we intend to fully utilize our 20 years of operating experience to quickly rebuild and grow all our customer relationships.”


“In an industry where you see so many companies and products come and go, I’m thrilled to see LapLink has restructured and combined efforts with someone who has also had extensive software and wireless application experience”

Chairman of the Board and CEO of the new LapLink Software Inc., Thomas Koll said, “I’m looking forward to working with a company that is established in the industry and bring new ideas and business opportunities to the table. We plan to build on the patented and proven technology as well as broaden our product lines to better serve our customers. LapLink has a rich tradition of award winning products and we are looking forward to bringing new innovations to the market. New versions of our LapLink Gold and LapLink Everywhere product lines will be the foundations on which we will move forward.”

In his 13-year career with Microsoft Koll served in senior management functions at Microsoft Germany and Microsoft Corp. From 1998 to 2001 he oversaw the worldwide business with telecommunications companies, network -equipment providers and Internet service providers. He is now chairman of Infowave Software, a Burnaby, B.C., company that develops software for wireless computing. He became CEO of Infowave in 2001, and stepped down from that position to become chairman in April 2002. Koll is now the Chairman of the Board, CEO of LapLink Software Inc., as well.

“In an industry where you see so many companies and products come and go, I’m thrilled to see LapLink has restructured and combined efforts with someone who has also had extensive software and wireless application experience,” said industry analyst Andrew Seybold with Forbes/Andrew Seybold’s Wireless Outlook. “They are certainly on my company watch list this year.”

LapLink Software Inc. plans on continuing to develop its newest mobile access tool — LapLink Everywhere — that allows customers to access their desktop email, files, forms, and/or control their PC from any web enabled device. LapLink Software Inc. is also planning a summer release of its flagship product LapLink Gold that is best known for its file transfer, synchronization and remote control capabilities.

About Laplink Software, Inc.

LapLink celebrates 20 years as an established leader in the development of file transfer and synchronization technology. LapLink has earned the trust of more than 15 million customers worldwide who transfer millions of files per week. LapLink has released fourteen generations of award winning file transfer and synchronization products. In addition, LapLink is the developer and exclusive patent-holder of SpeedSync technology.

LapLink is a privately held company recently purchased and renamed LapLink Software Inc., headquartered in Bothell, Washington with international sales offices in Europe, Latin America and the Asia-Pacific region. LapLink products are available through its Web site at www.laplink.com or most retail outlets including CompUSA, Office Depot, and Fry’s Electronics.

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