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Former FORE Sys. CEO Joins WaveSmith BOD

May 21, 2002 - Action, MA

WaveSmith Networks, an emerging company focused on redefining multiservice switching for carriers, today announced Thomas Gill, former FORE Systems' President & Chief Executive Officer, has joined WaveSmith Networks' Board of Directors. Mr. Gill, who helped guide FORE Systems from startup mode to a highly successful public company with revenues approaching $1 billion annually and more than 2000 employees doing business in 75 countries, and finally to a $4.5 billion acquisition by Marconi PLC (formally GEC) in 1999, will be a strategic asset to WaveSmith. His joining the WaveSmith Board of Directors, demonstrates the company's growth potential, as well as the veteran management team in place.

“Tom is a true industry influencer and his being elected to our board is a testament to WaveSmith and the traction we've made in the market,” said Robert Dalias, president and CEO of WaveSmith Networks. “Tom is very selective of the companies he affiliates himself with and I'm confident that he will be a valuable leadership resource to us moving forward. He knows how to grow companies, secure significant revenues, and strategically position a company for an Initial Public Offering.”

Tom served as President and Chief Executive Officer of FORE Systems, Inc., a developer and manufacturer of high-speed networking equipment. He also served as FORE's Chief Operating Officer, prior to which he served as the Vice President of Finance, Chief Financial Officer and Treasurer, beginning in 1993.

“WaveSmith is a company to watch because they are targeting a market sector that is well-established and one in which carriers are budgeting for today,” said Thomas Gill, founder and managing partner of G4 Partners. “WaveSmith's management team has the experience necessary to sell to the large carriers and it's obvious they've listened closely to their target market. The products they are offering carriers acutely target critical pain points customers have been expressing for some time. I look forward to playing a role in continuing the company's success.”