| PRESS RELEASE FOR RELEASE ON MONDAY 10/26 @ 6:30 AM ET CONTACT: SKYCACHE WELCOMES STEVEN W. SWEENEY AS VICE PRESIDENT, INTERNATIONAL OPERATIONS Laurel, MD (October 26, 1998) - SkyCache Inc., the world's premier high-speed, datacasting company revolutionizing the Internet, today announced the addition of Steven W. Sweeney as Vice President International Operations. Mr. Sweeney will have overall responsibility for the Company's operations outside of the United States, including service implementation, sales, and marketing. Prior to SkyCache, Mr. Sweeney was President and Chief Operating Officer for GeoPhone, an international telephone company located in Annapolis, MD. Mr. Sweeney was responsible for managing the company's engineering, operations, sales and marketing activities, including establishing international business alliances in Europe, Africa, Asia, and South America. Before heading GeoPhone, Mr. Sweeney served as the Executive Director for International Marketing and Product Development for Orion Atlantic, now Orion/Loral. He directed the efforts of the Marketing Department and coordinated strategic marketing objectives, as well as engaging in forming strategic alliances with complementary service providers. Mr. Sweeney also worked as Senior Marketing Manager at Hughes Network Systems and a Product Development Manager at GTE Spacenet. "Steve's extensive in-depth experience with overseas markets and knowledge of the satellite industry makes him a key asset and a wonderful addition to our management team," said Doug Humphrey, president and chief executive officer. "We are ecstatic that he has joined our management team." Mr. Sweeney holds two patents in satellite multimedia technologies and has been published in several trade journals. He has a Master of Arts in Business Administration from American University in Washington DC and a Bachelor of Science in Electrical Engineering from the University of Maryland College Park. About SkyCache SkyCache is devoted to the implementation and operation of high-speed satellite datacasting systems for the movement of World Wide Web content, Usenet News, digital audio and video data streams, and the synchronization of distributed data systems. The corporation is headquartered in Laurel, MD and was founded by Internet pioneer Doug Humphrey. Humphrey is also the founder of DIGEX, Inc., a 1991 basement startup ISP that was sold for $150 million to Intermedia Communications, Inc. (NASDAQ: ICIX) in 1997. Additional information on SkyCache services is available at www.skycache.com. "SkyCache" and its logo are trademarked throughout the world. SkyCache is a privately held company. # # # |
