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Thursday, 01/02/2003 3:16:19 PM

Thursday, January 02, 2003 3:16:19 PM

Post# of 93822
OT DivXNetworks Adds Kevin Hell As Chief Marketing Officer And Managing Director
Former Palm And Gateway Executive Brings Senior Strategic Marketing And Product Management Experience To Leading Video Convergence Company

SAN DIEGO, CA -- (INTERNET WIRE) -- 12/10/2002 -- DivXNetworks, Inc, the company that created the revolutionary patent-pending DivX ™ video compression technology, today announced the hiring of Kevin Hell as chief marketing officer and managing director. A technology industry veteran with significant experience developing and implementing high-level corporate strategy, Mr. Hell will round out the DivXNetworks executive team along with chief operating officer Shahi Ghanem and chief executive officer Jordan Greenhall.

Mr. Hell most recently served as senior vice president of product management at Palm ™ Inc.’s Solutions Group, where he was responsible for Palm branded products and services worldwide. While at Palm, Mr. Hell launched four innovative handheld devices in nine months, accelerated Palm's transition to wireless and ARM-based products, and was responsible for the definition of Palm's new entry-level and premium products. Before joining Palm, Mr. Hell was vice president of the Connected Home division at Gateway, Inc., leading the company's entry into the Internet appliance, PDA and networked music player markets. He also served as vice president of corporate strategy at Gateway and helped define and implement Gateway's "beyond-the-box" strategy.

"With his unique experience in high-level corporate strategy and his keen understanding of the consumer marketplace, Kevin is the ideal person to help take our company to the next level," said Jordan Greenhall, co-founder and CEO of DivXNetworks, Inc. "Kevin possesses a long-term strategic vision of multimedia convergence that fits perfectly with the growth of the DivX phenomenon as we move into a new world of DivX-powered products that span the value chain from PC video to a variety of portable and home theatre devices."

Mr. Hell will be in charge of product management, sales, marketing and business development efforts at DivXNetworks. He will also work with the executive team to create and implement a strategic corporate plan across all lines of business.

"Thanks to the superior technology and significant global brand equity of DivX video, DivXNetworks is uniquely positioned to play a strong leadership role in the convergence marketplace," said Mr. Hell. "The DivX phenomenon has already started making the transition beyond the PC into next-generation consumer electronics devices, and the next year will see the explosion of DivX technology across a range of new products and applications. I am very excited to join the great team at DivXNetworks to help manage the growth of the company moving forward."

Prior to his tenure at Palm and Gateway, Mr. Hell worked for seven years in the Los Angeles office of the Boston Consulting Group, working principally with clients in the high-technology, telecommunications, and entertainment markets. Earlier in his career, he designed communications satellites for Hughes Aircraft Company. Mr. Hell holds an MBA from The Wharton School and a master's degree in aeronautics and astronautics and a bachelor's degree in mechanical engineering from Stanford University. Mr. Hell also served as executive producer of the award-winning 1994 short film "Some Folks Call it a Sling Blade" starring Billy Bob Thornton.

About DivXNetworks

DivXNetworks is a leading technology company that enables the rapid proliferation of video content over Internet Protocol (IP) networks by combining the lightweight, ubiquitous access of the Internet with DVD-quality video performance. The company's approach is built upon the success of the DivX™ codec, a leading standard for MPEG-4 compatible video distribution with over 75 million users worldwide, and the DivX Open Video System™, a next-generation content delivery system that provides unsurpassed aggregation, promotion, and distribution of video content for mass markets. DivXNetworks is headquartered in San Diego, California, with a satellite office in Los Angeles. For more information about DivXNetworks, visit www.divxnetworks.com.



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Contact: Tom Huntington
Company: For DivXNetworks
Title: Corporate Communications Manager
Phone: 858-909-5358
Email: thuntington@divxnetworks.com


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