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  Press Release

NEWS RELEASE: For Immediate Release

Degasoft Expands Operations into the Americas
Kiosk Software Maker Appoints David Reap as Regional Vice President of U.S. Operations

ATLANTA (July 24, 2001) -- Degasoft, the company behind high-performance Kudos(tm) software for interactive terminals and kiosks, today announced the appointment of David Reap as its Regional Vice President of U.S. Operations. Based in metro Atlanta, Reap will advance Degasoft's sales, channel development, operations and marketing efforts throughout North America.

"We are thrilled to establish a solid foothold in the Americas--this is a tremendous step forward for the company," said Thor Ibsen, Degasoft CEO. "David Reap will oversee the launch of new channel programs and customer initiatives that are unparalleled in the interactive terminal software arena."

As the former Director of North American Customer Operations at XcelleNet, a remote systems management company, Reap was awarded the company's Chairman's Club Award in 2000 for outstanding sales management performance. Since 1992, Reap has held several management positions with XcelleNet in the areas of sales operations, inside sales, channel development, account management, contract management and business operations.

"In all of my years in this industry, I can firmly state that Kudos is the most robust software solution with which I've worked. Kudos is specifically designed for companies looking to capitalize on their customer outreach initiatives and propel e-commerce through terminals, kiosks and electronic displays," Reap said.

About Kudos
Based in London, Degasoft Ltd. was founded in 1989. Since early 1997, the company has concentrated solely on development of the KudosTM remote and interactive terminal and kiosk software platform. The latest version of the Kudos platform, release 6.0, combines more than a decade of industry expertise in the most advanced and complete interactive terminal and kiosk network management package available. Kudos software has been implemented by Ford Motor Company, Ford Credit, Jiffy Lube, Hitachi and Virgin Entertainment Group, as well as many other leading retail, financial services, insurance, and telecom companies. Kudos is the software behind the Virgin V.Shop kiosk, a winner in the 2001 European Retail Solutions Awards. For more information, visit www.kudossoftware.com.

CONTACTS:

Kat Song
1901 L Street NW #300
Washington DC 20036
phone +1 (202) 736 1657
kat.song@ogilvypr.com

Lisa Menning
Marketing/Communications Manager
Building 3, Chiswick Park
566 Chiswick High Road
London W4 5YA, United Kingdom
Phone +44 (0)20 8899 7419
Fax +44 (0)20 8899 6185
lisa@degasoft.com

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