GEOSENTRIC OYJ BULLETIN May 2, 2008 at 16.20 GEOSENTRIC'S SHAREHOLDER'S PROPOSAL FOR COMPOSITION OF THE BOARD OF DIRECTORS GeoSentric announces that shareholders representing more than ten per cent (10 %) of the votes of the GeoSentric Oyj have informed the Board of Directors that they will propose to the Annual General Meeting convening on May 16th 2008 that the number of members of the Board of Directors to be elected is seven (7), with a focus on continuance of the company strategy alongside bringing Directors to the company who are independent, and, extremely experienced. The Directors being proposed are: Mr. Daniel Harple, Mr. Michael Vucekovich, Mr. Gary Bellot and Mr. David Francis who shall be re-elected as members. Mr. Andy van Dam, Ph.D., Mr. Winston Guillory and Mr. Hans van der Velde, Ph.D., shall be elected as new members to the Board of Directors for the next period until closing of the following Annual General Meeting of the company. Mr. Daniel Harple is proposed to continue as the Chairman of the Board of Directors. “We are enthusiastic to present this new Board composition to the Shareholders of GeoSentric. This group of talented individuals brings a wide range of expert business, market, and technical depth to the Board. I look forward to our work together.” Daniel Harple, Executive Chairman. Backgrounds on the new Directors are as follows- Johannes (“Hans”) I van der Velde, Ph.D. Hans van der Velde is a non-executive Director and Deputy Chairman of the Visa Europe Board. Until March 2006 Mr van der Velde was President and CEO of Visa Europe. A position he had held since September 1995. During his time as President and CEO of Visa Europe, the volume of business increased five-fold, passing €1 trillion in card sales volume during 2005. In July 2004, Visa Europe incorporated as a private limited company and became a co-owner of Visa International. Mr van der Velde has also led Visa Europe's development of new debit product V PAY. This was designed to meet the needs of domestic debit schemes in continental Europe as they move towards the European Commission's vision of a single European market for payments (SEPA). In his new role, Mr van der Velde works on Visa Europe's external relations, especially in Brussels, and with the Board on strategic matters. He is also a member of the Supervisory Board and member of the Advisory Committee at Giesecke & Devrient. Prior to joining Visa, he was a member of the executive management committee of the corporate and investment bank of Rabobank in the Netherlands, one of the world's largest financial institutions. A native of Holland, van der Velde graduated from the University of Amsterdam, completing both his undergraduate and doctoral degrees in economics. Van der Velde was elected to join a special, three-year programme backed by the United Nations and the Dutch government, subsequently serving in several international posts as a business advisor and consultant. Van der Velde has also held management positions at Citibank, N.A., in Amsterdam and London; at Netherlands Credit Bank, a subsidiary of Chase; and was General Manager of Adcabank in Germany after its merger into Rabobank. Mr Van der Velde is married to Marjolijn Boxhoorn, a well-known and accomplished fine artist whose work is shown in Europe. While at the University of Amsterdam, Mr van der Velde co-founded a University rowing club and remains active in competitive rowing. Winston Guillory As NAVTEQ's Senior Vice President of Consumer and Enterprise Sales, Winston Guillory now leads companies in The Americas and EMEA. Previously Guillory was Senior Vice President of North American Sales where he lead sales and marketing for all NAVTEQ business units including, In Vehicle, Internet and Wireless, Business, and Government market sectors. Since joining the company, Guillory has been instrumental in developing new business models including a tier-one relationship with Hewlett-Packard and a globally orchestrated approach to sales strategies. His deep industry and product knowledge stems from over 20 years of sales leadership experience in the technology arena. Prior to joining NAVTEQ, as Senior Vice President for the Intermec Global Sales organization, Guillory lead a 300 person sales team to an increased profit goal of 101% - the first time in four years Intermec North America was over plan and profitable. He gained experience in the intelligent transportation industry while working serving as Senior Vice President of Sales and Marketing for Amtech, the worldwide leader in radio frequency identification, a subsidiary of Intermec. Prior to working for Intermec, Guillory spent two years at Weblink Wireless, Inc, a leading wireless company in North America and five years working for Visual Information Technology (now Connectware, Inc.), a premier imaging company. It was at VITec that Guillory began his foray into geographic information systems. Guillory spent the first nine years of his career at IBM. Guillory holds a Bachelor of Business Administration degree in Marketing from Lamar University in Beaumont, Texas and served in the United States Marine Corps. NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 3,000 employees located in 168 offices in 30 countries. Andries van Dam (Andy), Ph.D. Thomas J. Watson, Jr., University Professor of Technology and Education and Professor of Computer Science Brown University, Providence, RI 02912 USA Andries van Dam (Andy) has been on Brown's faculty since 1965, and was one of the Computer Science Department's co-founders and its first Chairman, from 1979 to 1985. He was a Principal Investigator and was the Director from 1996-1998, in the NSF Science and Technology Center for Graphics and Visualization, a research consortium including Brown, Caltech, Cornell, North Carolina (Chapel Hill), and the University of Utah. Professor van Dam received the B.S. degree with Honors in Engineering Sciences from Swarthmore College in 1960 and the M.S. and Ph.D. from the University of Pennsylvania in 1963 and 1966, respectively. In June 2007, he received an honorary doctorate from the Faculty of Mathematics, University of Waterloo. Research- His research has concerned computer graphics, hypermedia systems, post-WIMP user interfaces, including pen-centric computing, and educational software. He has been working for four decades on systems for creating and reading electronic books with interactive illustrations for use in teaching and research. Publications- The widely used reference book Fundamentals of Interactive Computer Graphics, co-authored with J.D. Foley, was published by Addison-Wesley in 1982; the greatly expanded successor, Computer Graphics: Principles and Practice, co-authored with J.D. Foley, S.K. Feiner, and J.F. Hughes, was published in June of 1990. An undergraduate version, by the same four authors and D. Phillips, Introduction to Computer Graphics, was published in 1993. Pascal on the Macintosh - a Graphical Approach, co-authored with David Niguidula, was published by Addison-Wesley in 1987. Object-Oriented Programming in Pascal, A Graphical Approach, co-authored with D. Brookshire Conner, and David Niguidula was published in April, 1995. Frontiers of Human-Centered Computing, OnLine Communities and Virtual Environments, (with Rae Earnshaw, Richard Guedj, and John Vince [Eds]) was published in February 2001, and Object-Oriented Programming in Java: A Graphical Approach, co-authored with Kathryn E. Sanders was published by Addison-Wesley in 2005. van Dam has authored or coauthored over 100 papers, which are listed in his Curriculum Vitae. Awards- Among his awards are the Society for Information Display's Special Recognition Award (1974), the IEEE Centennial Medal (1984), the National Computer Graphics Association's Academic Award (1990), the ACM SIGGRAPH Steven A. Coons Award (1991), the L. Herbert Ballou University Professor Chair (1992), the ACM Karl V. Karlstrom Outstanding Educator Award (1994), the Thomas J. Watson, Jr. University Professor of Technology and Education Chair (1995), the IEEE James H. Mulligan, Jr. Education Medal (1999), and the ACM SIGCSE Award for Outstanding Contributions to Computer Science Education (2000). In 1994 he became an IEEE Fellow and an ACM Fellow. He received an honorary Ph.D. from Darmstadt Technical University in Germany (1995), an honorary Ph.D. from Swarthmore College (1996), and an honorary Ph.D. from the Faculty of Mathematics, University of Waterloo in 2007. In 1996 he was inducted into the National Academy of Engineering, in 2000 he became a Fellow of the American Academy of Arts and Sciences, in 2002 he received the CRA Distinguished Service award and the Brown University Sheridan Teaching award, and in 2004 was elected a fellow of the American Association for the Advancement of Science. Professional Activities- In 1967, Professor van Dam co-founded ACM SIGGRAPH and from 1985 through 1987 was Chairman of the Computing Research Association. He has been Associate Editor of the "ACM Transactions on Graphics" (1981-1986), Editorial Board Member of "Computers and Graphics", Pergamon Press (1983 -1994), Advisory Editor, "Journal of Visual Languages and Computing", Academic Press (1989-1998), and Editorial Board Member of the "IEEE Transactions on Visualization and Computer Graphics", (1994-1998). From 1991 - 2006 he served on the Microsoft Research Technical Advisory Board (MSR TAB). Backgrounds on the re-elected Directors are as follows- Mr. Michael Vucekovich Member of the Board since September 10, 2007 Mr Vucekovich has been a Partner of private investment group Octagon Capital Ltd since 2004. Between 1999 and 2004 he was a Founding Partner of Target Research and Management, where he was responsible for the origination and execution of private investments, as well as the management of the firm's equity hedge fund. Prior to co-founding Target Research, he was a member of Wedbush Morgan's Institutional Equities Group in Los Angeles. Previously he was employed at Bateman Eichler and Kemper Securities. Mr. David Francis Member of the Board since September 10, 2007 David began his career with Natwest in 1987 and remained with the company for 17 years in a variety of senior positions. He is a Past President of the Chartered Institute of bankers and a Fellow of the CIB and Securities Institute. David is now a shareholder and director of a Jersey based financial services group and also a property development company in Poland founded by him. David is also a board director of a shipping company, mezzanine finance joint venture and media fund. Mr. Gary Bellot Member of the Board since September 10, 2007 A native of Jersey, Gary's experience in the offshore finance industry spans twenty years. He commenced his career in finance in 1981 with Kleinwort Benson (Channel Islands) Ltd before moving to Royal Bank of Canada (Jersey) Ltd in 1989. At Royal Bank of Canada, he was a member of the European Global advisory panel and was responsible principally for International High Net worth clients. He was an active member of the Jersey Branch of the Securities Institute were he held various positions until his retirement in 1999. In 1998 he was appointed a Director of Fleming (Jersey) Trustees Ltd where he was responsible for the Offshore Trust unit and for the creation of an investment capability and for the development of a number of offshore products. In April 2000 he set up Horizon, an international financial services group and holds the position of Managing Director. The company has offices in Jersey, Switzerland, Poland and Cyprus and looks after High Net worth individuals and large corporate clients. Mr. Daniel Harple Executive Chairman of the Board of Directors since June 28, 2007 Member of the Board since April 16, 2007 Prior to co-founding GeoSolutions, Dan was Founder, Chairman and CEO of Context Media, Inc., an enterprise software firm he founded in 1999. Context Media's purpose was to materially improve the way all digital media (unstructured data) is discovered and accessed within disparate enterprise content repositories and systems. The company won numerous industry awards (eWeek, Seybold, Demo, etc.) and was the seminal industry player in defining the Enterprise Content Integration (ECI) market segment. The company differentiated itself with its patented "pipeline technology," designed and built as an open interoperable services oriented architecture (SOA) for disparate content systems real time integration. The product set enabled enterprise wide collaboration and access to content previously locked in disparate silos, i.e., the "unified view." Key customers spanned multiple market segments- Sony, Bertelsmann (Media & Entertainment), CMP (Publishing), Citigroup (Financial Services), and General Dynamics, among others. Context Media was successfully acquired by Oracle Corporation in July 2005, forming the basis for Oracle's Enterprise Content Integration (ECI) strategy, and is now a foundational element embedded across multiple product lines: the Oracle Collaboration Suite, Oracle Fusion Middleware, Oracle Enterprise search, and Oracle Data Hubs. Context Media's investors included leading venture capital firms and corporate partners. The following firms provided funding to the Company- New Enterprise Associates, Adams Capital Management, Macromedia/Adobe, Lehman Brothers, and Silicon Valley Bank. Prior to Context Media, Dan's efforts centered on media research in a new company that he co-founded, Context Labs, with artist/producer/inventor Todd Rundgren. Context Labs focused on exploring and developing technologies to enhance our daily media experiences (audio, video, music, etc.), in the convergence of traditional media delivery systems with the web. This research led to Dan's founding of Context Media, emphasizing the enterprise access and distribution of distributed disparately located media and related unstructured data. The Context Labs research vehicle involved conceptualizing and collaborating on Todd Rundgren's Patronet.com, an on-line entertainment/relationship concept. Patronet technology seeded the industry for artist media interactivity, influencing early successful sites by Peter Gabriel and David Bowie, and subsequently became the core technology for Artistent.com, the onetime online entertainment portal founded by former Atlantic Records president, Danny Goldberg. Prior, Dan was Senior Vice President at Netscape, where he reported to the CEO, Dan merged the company he founded, InSoft, with Netscape in late 1995. InSoft developed the first generation of Internet media streaming and Internet telephony/ collaborative applications. These products resulted in NetscapeConference, and the Netscape Media Server. This work provided the seminal contribution to the Real time streaming protocol (RTSP). Mr. Harple was also instrumental in putting together the first generation industry wide group to focus on interoperable real time audio and video. Core components of this work on collaborative computing and streaming media resulted in a significant patent in these areas. Multiple "firsts" came of the InSoft/ Netscape relationship; (1) first commercially available shared white board, (2) Netscape LiveMedia Developer's Platform, (3) Netscape LiveAudio, (4) Netscape LiveVideo, (5) Major telephony integration efforts with Lucent, (6) Work on the Real time Protocol (RTP), and H.323 Standards. InSoft's application, Communique!, was the industry's first commerical-grade VoIP multipoint audio/video collaborative conferencing product. These technologies now provide some of the core infrastructure for the way multimedia and real-time interactive communications are utilized on the Internet, e.g., Webex, NetMeeting, SKYPE, etc., and offered the first commercial products integrating the convergence of traditional telephony services with the internet protocol (IP). Dan has an extensive list of publications, along with a long list of public speaking at events such as COMDEX, Networld/Interop, Internet World, SunWorld, Content World, Seybold, McQuillan Next Generation Networks Conference, and Commencements, etc. He has received numerous awards, including Inc. Magazines's Entrepreneur of the Year, the Red Herring Watch Award, the Upside Hot Startup Award, and the NEA Presidents Award. May 2nd 2008 GeoSentric Oyj Direct press and analyst inquiries to communications@gypsii.com in the Americas or geosentric@companycare.com in EMEA. Distribution: OMX Nordic Exchange Helsinki Principal news media
GEOSENTRIC´S SHAREHOLDER´S PROPOSAL FOR COMPOSITION OF THE BOARD OF DIRECTORS
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