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News Release


Former Bankers Trust CEO Frank Newman Joins

Board of Internet Kiosk Provider Netkey

BRANFORD, Conn. - October 24, 2000 - Netkey, Inc., the leading end-to-end solutions provider for Internet kiosks, announced today that Frank Newman, Chairman Emeritus of Bankers Trust Corp., has joined its board of directors.

Newman became Chairman Emeritus of Bankers Trust in 1999, after serving as chairman and chief executive officer of both Bankers Trust and its principal banking subsidiary, Bankers Trust Co., since 1996.

Before joining Bankers Trust, Newman was the deputy secretary and chief operating officer of the U.S. Department of the Treasury from 1993 until 1995. Previously, Mr. Newman spent six years with BankAmerica Corporation, where he was chief financial officer and vice-chairman of the board of directors.

Prior to joining BankAmerica in 1986, Mr. Newman was with Wells Fargo Bank in San Francisco, named executive vice president and chief financial officer in 1980. He is currently a director of Dow Jones & Co., Korea First Bank, and three Internet-based companies: Choicelinx Corp., inzigo, inc., and Invertica, Inc. Newman graduated magna cum laude from Harvard University in 1963 with a BA in economics.

"The development of the kiosk channel will be essential to the future success of the banking and financial services industries," said Newman. "By teaming with Netkey, they can improve customer service, experience significant return on investment and increase their market capitalization through new incremental revenue."

"Frank Newman is an excellent addition to our board of directors," said Alex D. Richardson, CEO of Netkey. "We are fortunate to have an individual with his business experience and managerial vision join our board. Frank has been an outstanding industry leader with unparalleled expertise in banking, finance and global economics. I look forward to the valuable contributions that he will provide to Netkey."

In addition to Newman, the Netkey board includes Richardson, Inder Soni of Zero Stage Capital, Rob Spessard of CyberStarts, veteran technology specialist Paul R. Low of PRL Assoc., Ken Frank of Akzo Nobel, and Elizabeth Karter, former CEO of Resource Recovery Systems, Inc.

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