ION Networks Appoints New Chief Financial Officer; 20-Year Corporate Finance Veteran to Strengthen Efforts and Penetrate New Markets

PISCATAWAY, N.J., May 21, 2002 (BUSINESS WIRE) -- ION Networks, Inc. (Nasdaq: IONN), a leading provider of security and management solutions that protect critical infrastructure from internal and external security threats, today announced the appointment of Ted Kaminer as Vice President and Chief Financial Officer. Mr. Kaminer, 43, will oversee ION's overall financial management including accounting and controls, corporate finance, risk management,corporate administration and investor relations. He will be integral to ION's management team in developing the company's strategic roadmap. "We welcome Ted to ION's senior management team and believe his extensive experience working with leading industry and financial institutions will bring immense value to our company," said Kam Saifi, President and Chief Executive Officer of ION Networks. "Ted's appointment further enables us to execute on our long-term growth objectives." Mr. Kaminer brings 20 years of experience to his position at ION Networks. He was previously Senior Vice President of Finance and Chief Financial Officer at CMPExpress, a leading business-to-business online catalog company targeting Fortune 1000 accounts. Prior to this, he served as Senior Vice President, Investment Banking at Berwind Financial Group, L.P. and Vice President, Corporate Finance at Gruntal & Co., Inc. He began his career at Price Waterhouse & Co. "I am proud to be part of the strong team assembled at ION Networks," said Mr. Kaminer, "and I look forward to the company's long term success." Mr. Kaminer will report directly to Kam Saifi, President and CEO, ION Networks and will assume CFO responsibilities from Ron Forster, Vice President, Finance and Controller who has been acting as interim CFO in addition to his regular duties. Mr. Forster will continue as Vice President, Finance and Controller and will report to Mr. Kaminer. Mr. Kaminer holds an MBA in Finance from the University of Pennsylvania, a Bachelor of Science from Cornell University and is a Certified Public Accountant.

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