Short Takes - People & Positions:

Chaparral Appoints Three New Financial Leaders To Its Board

Chaparral Network Storage, a developer of specialized appliances that deliver data across global storage networks, announced recently that it has added three new members to its Board of Directors. All three new members of the Board are members of Athenian Venture Partners, a venture capital firm headquartered in Athens, Ohio. Karl Elderkin, Francois Helou, and Mitchell Rosich are all partners of the firm.

Karl Elderkin is the founder of Athenian Venture Partners and brings many years of experience managing startup and growth companies, both domestically and internationally. Before founding Athenian, Mr. Elderkin was co-director of Generics Asset Management in London, U.K., the venture capital arm of the Generics Group Plc. Mr. Elderkin started his career in engineering at Texas Instruments.

Francois Helou became affiliated with Athenian in 1997 and has been a partner since 1999. Mr. Helou, who leads Athenian's IT Practice, is a recognized leader in the IT and Communications industries, with over two decades of IT and strategic consulting experience.

Mitch Rosich started his affiliation with Athenian in 2000 and became a partner in 2002. Mr. Rosich brings experience in the data storage and electronics industries and has held senior level engineering management positions at leading technology companies including DEC, EMC, 3Com, and CIENA.

"We are pleased to add three strong leaders with such broad experience in the industry to the Chaparral Board," said Victor Perez, Chaparral chairman, president and chief executive officer. "With their insight and early-stage investment experience, Chaparral will continue to succeed in 2003."

The appointments bring the total number of Directors on the Chaparral Board to seven.

About Chaparral

Chaparral Network Storage Inc, a privately held company headquartered in Boulder, Colo., designs and markets storage appliances that provide simple solutions to common storage networking problems. Chaparral specializes in advanced performance devices that deliver data efficiently within the network, and sells protocol bridges, data routers, RAID controllers and disk array appliances that are network ready. Chaparral's storage networking appliances feature SCSI and FC connectivity, easy device configuration and management tools, and tested interoperability with leading SAN products and storage resource management software. Chaparral's family of 2Gb/s Fibre Channel appliances allows any system administrator to build high performance storage networks on a manageable budget. Chaparral's solutions are available through select storage OEMs, resellers, and distributors worldwide.

About Athenian

Athenian Venture Partners, headquartered in Athens, Ohio, and with partners in San Diego, Boston and London, is a venture capital firm focusing on early-stage investments throughout the United States in the Information Technology/Telecommunications and Life Sciences industries. It is currently managing two funds. Other investments made by Athenian in the data storage field include StorageApps, which was sold to Hewlett-Packard in September 2001.

Contact: Cooper Cowart of Chaparral Network Storage, 303-845-3200, ccowart@chaparralnet.com.

Storage Alliance Appoints New Executive VP, COO

Jeff Ascah, president and CEO of Storage Alliance Inc is pleased to announce Robert (Bob) J. Irwin has joined Storage Alliance as executive vice president, and Chief Operating Officer effective immediately. Mr. Irwin was previously president and CEO of Petro-Soft Systems Ltd.

Mr. Irwin has been providing solutions and services to the oil and gas industry since 1989 and has a history of successful ventures both on a national and international scale. His most recent success was with Petro-Soft Systems Ltd, an oil and gas software provider where Bob was responsible for signing such high profile clients as Exxon Mobile. Under Bob's leadership, Petro-Soft became a highly profitable global provider of process management software in less than 2 years. His work in the energy sector has seen him engaged with clients in Canada, the USA, China, Russia, and elsewhere. Robert received his B.Sc. from the University of Calgary and an M.B.A from Canada's prestigious Royal Roads University.

"Bob brings a wealth of business success to our team and has demonstrated the ability to create dynamic, successful client relationships while growing revenues," stated Jeff Ascah. "His knowledge of the oil and gas industry enhances our strong commitment to this market and we are confident that Bob will respond to the challenges associated with generating sales growth and strengthening our position within the oil and gas market."

About Storage Alliance

Storage Alliance is a provider of data storage and content management solutions in the petroleum industry; one of the world's most data and computing intensive industries. Storage Alliance's sophisticated data storage and content management solutions protect and manage seismic and related petroleum exploration and production data, and deliver this vital data with leading analytical applications and workflow tools.

Contact: Ken Akerley of Storage Alliance, 866-364-2500x222, Fax: 403-262-0276, ir@storagealliance.com.