VirnetX Holding Corporation Appoints New Board of Directors
Industry Experts From Symantec, NetIQ and TravelCenters of America Elected to Company's Board
SCOTTS VALLEY, Calif. – February 4, 2008 – VirnetX Holding Corporation, (AMEX: VHC), a leader in secure real-time communications and collaborations technology, today announced the appointment of Scott C. Taylor, Michael F. Angelo, and Thomas M. O'Brien to its Board of Directors. With more than 50 years of combined experience in global corporate development for security and retail industries, the new board members' broad background in business, operations and security architecture provides strategic depth to VirnetX's Board of Directors.
"Having a varsity group of directors with a diverse set of skills to serve on our board creates a deep knowledge base for the company to tap into," said Kendall Larsen, chairman, president and CEO of VirnetX. "Scott, Michael and Thomas's business acumen and proven track records in developing high-growth companies will be particularly valuable for our continued growth and success."
These key industry players help to round out VirnetX's five member Board, representing a broad range of stakeholders.
Scott C. Taylor is vice president of corporate legal services for Symantec Corporation. Prior to joining Symantec, he served as chief administrative officer, senior vice president, and general counsel of Phoenix Technologies Ltd. Before that, Taylor was vice president and general counsel of Narus, Inc., and began his legal career as a corporate attorney with the San Francisco-based law firm Pillsbury Madison & Sutro (now Pillsbury Winthrop Shaw Pittman). He holds a Bachelor of Arts degree in international relations from Stanford University and a J.D. from George Washington University.
Michael F. Angelo is chief security architect at NetIQ Corporation, a provider of comprehensive systems and security management solutions. Prior to joining NetIQ, he was security architect and manager of Government Engagements within Microsoft Corporation. Before that, Angelo was a staff fellow at Compaq Computer Corporation and subsequently Hewlett Packard. He also served as sub-chairman for the Common Infrastructure and Service Delivery (CISD) review as part of the National Institute of Standards and Technology Board of Assessment for fiscal years 2000-2001 and 2001-2002. Angelo currently holds 49 patents primarily in the areas of security and authentication.
Thomas M. O'Brien is president, CEO and managing director of TravelCenters of America LLC, a national chain of travel centers in 41 states and Canada. He is also senior vice president of an advisory company based in Newton, Massachusetts. Since 1996, O'Brien has served in various positions in real estate and related companies. Prior to 1996, he was a senior manager with Arthur Andersen LLP where he served a number of public company clients. He graduated cum laude from the University of Pennsylvania's Wharton School of Business with a Bachelor of Science degree in Economics.
About VirnetX
VirnetX Holding Corporation, a leader of secure real-time communication and collaborations technology, is engaged in developing products for real-time communications such as Instant Messaging and Voice over Internet Protocol, commercializing its patent portfolio and providing contract research, prototyping, systems integration and technical services. For more information, visit us at www.virnetx.com.
Safe Harbor Agreement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of VirnetX to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in VirnetX's reports and registration statements filed with the Securities and Exchange Commission.
Contacts
Greg Wood VirnetX Holding Corporation 831 438 8200 greg_wood@virnetx.com