Roxio Appoints Veteran Consultant to its Board of Directors
Milpitas, California - (December 17, 2001) - Roxio, Inc. (Nasdaq:ROXI), The Digital Media Company, announced today Vernon E. Altman to its board of directors. Altman is the latest executive named to Roxio's five-member board.
Altman is a Director of Bain & Company, a leading international consulting firm with 26 offices, including Silicon Valley, that has helped build business success stories for more than 1,000 major companies.
Altman joined Bain at its founding in 1973, founded a number of
its major offices and practices, including the West Coast, and leads
the company's Full Potential Transformation/eBusiness Practice,
which helps companies transform and integrate the Internet into
their businesses. Altman has experience in virtually every important
industry sector, with particular emphasis on the Internet economy,
technology, telecommunications, consumer products and retailing.
"Vernon's great background in strategic consulting in the
technology sector and his experience in Silicon Valley will be a
great addition to the extensive experience of Roxio's board of directors,"
said Chris Gorog, president and CEO of Roxio and chairman of the
Roxio board. "We have assembled a full-dimensioned board that
brings together talented senior executives from technology, entertainment
and media, and consumer marketing. The talent and sophistication
of the board will help us maintain Roxio's status as a formidable
leader in digital media."
Altman is a member of the board of directors of KQED, The California
Business Roundtable and The California Chamber of Commerce. He is
also a member of the Board of Visitors, Peter F. Drucker Graduate
School of Management, Claremont Graduate University.
Altman earned bachelors and master's degrees in electrical engineering
from Massachusetts Institute of Technology (MIT) and a master's
in management from MIT's Sloan School.
Safe Harbor Statement
The matters discussed relating to Roxio in this press release,
in particular matters related to Roxio's OEM relationships, include
forward-looking statements that are subject to certain risks and
uncertainties, including delays in product development, competition
in the software industry, and failure to maintain OEM relationships,
that could cause actual results to differ materially from those
projected. Additional information on these and other factors are
contained in Roxio's reports filed with the Securities and Exchange
Commission (SEC), including the Company's Annual Report on Form
10-K as filed with the SEC on July 1, 2002 and Quarterly Report
on Form 10-Q as filed with the SEC on November 13, 2002, copies
of which are available at the website maintained by the SEC at http://www.sec.gov.
Roxio assumes no obligation to update the forward-looking statements
included in this press release.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers
award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and
AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other
countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective
owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject
to change without notice.