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"TSRI Announces Management Restructure"

Kirkland, WA. (February 12, 2003) – To meet the rapidly growing list of business expansion opportunities available to The Software Revolution, Inc. (TSRI), the company announces several important changes in its management structure. Mr. Stanley Beckelman, TSRI's Chief Executive Officer (CEO) since July 2000, will become Chairman of the Board of Directors, while Mr. Philip Newcomb, the company's Founder, will take the helm as TSRI's new CEO and become Co-Chairman of the Board of Directors. Mr. Beckelman, having successfully transformed the company's focus from Y2K remediation to legacy system modernization, is being freed from day-to-day operational responsibility for the company to exercise his extensive business contacts to support the next phase of TSRI's development - rapid sales growth. During his tenure as CEO, Mr. Beckelman restructured TSRI, leading it into the 21st century, with the company enjoying growth of 300% in 2001 and 350% in 2002. In his new capacity as Chairman, Mr. Beckelman will be positioned to continue to provide guidance to TSRI's management, while simultaneously focusing his efforts on expanding TSRI's business base. Philip Newcomb brings 20 years of management and 30 years of technical experience to his new role as TSRI's CEO. Having founded TSRI and developed the company's core technology, Mr. Newcomb is now in a position to focus TSRI's ever-increasing array of services and products on the company's markets-of-interest. Philip Newcomb, TSRI's new CEO said, "Mr. Beckelman's contribution to the structure, focus, organizational discipline and growth of TSRI has been invaluable. He has positioned TSRI to be a dominant force in the growing legacy system modernization marketplace and we are pleased that his guidance and business acumen will continue to be a resource upon which TSRI can draw to realize its full potential. I also welcome the challenge of being TSRI's CEO and Board Co-Chairman knowing that the automated legacy system modernization technologies being harnessed by TSRI will become the standard by which all such technologies will be measured in the future." For more information about TSRI, visit our web site or contact: TSRI
Greg Tadlock
Vice President of Sales
Phone: (425) 284-2770
Fax:     (425) 284-2785
This email address is being protected from spambots. You need JavaScript enabled to view it.

                                                                                                               

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