Management change

MANAGEMENT CHANGE Effnet today announced that its CFO, Lars Lundeborg, will soon leave the company. Lundeborg will join Syncron Supply International, a leading provider of supply flow management solutions, which has plans to go public sometime in the year 2001. "Lars was a good contributor and helped Effnet through a period of transition and growth," said Tony Svensson, CEO of Effnet Group AB. "I wish him the best of luck in his new role." A worldwide search for a new CFO is underway. About Effnet Effnet develops and licenses IP-packet processing technology designed to resolve bottlenecks in Internet communication and security, thereby creating maximum benefit for licensees. Today, Effnet has offices in four locations: Stockholm, Luleå and Håverud in Sweden; and Mountain View, California, in the U.S. Effnet Group AB is listed on Stockholm's "Nya Marknaden" (New Market). The company has 80 employees including those in the wholly owned subsidiary Wkit, a security product and services consulting company. Read more about Effnet at Read about Wkit at For more information, please contact: Tony Svensson, CEO Norman Rasmussen Effnet Group AB Chairman Tel. +46(0)708 33 89 40 Tel: +1 617 699 8417 Email: Email: ### ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: