David Thatcher named CEO


DAVID THATCHER NAMED CEO

(ALAMEDA, CA), June 10, 1998 - Geoworks Corporation (NASDAQ National Market System: GWRX), a leading provider of smart phone software solutions, today announced that David Thatcher, president of Geoworks, has been named chief executive officer of the company effective June 1, 1998. He replaces Gordon Mayer, who will retain the position of chairman. Thatcher will also continue to serve as acting chief financial officer.

"This is part of a strategic transition that was initiated earlier this year when I was named president of the company," Thatcher said. "The next steps in this process will be the hiring of a seasoned chief financial officer and the augmentation of our board of directors through the addition of executives with strong communications industry experience," he added.

"As Geoworks implements a more focused strategy designed to improve its financial performance, the board and I felt it was important that Dave assume complete control of the company and its future direction," Mayer said. "I will continue to be actively involved as chairman, yet this transition will enable me to end my day-to-day role with the company and spend more time with my family."

Thatcher, 43, joined Geoworks in March, 1997, as chief financial officer and was named president in January, 1998. He joined the company from Diba, Inc., a software provider for consumer electronics manufacturers, where he was chief financial officer and vice president of finance and administration. Before that, he held a similar position in addition to operating responsibilities with the McKinley Group, Inc., an Internet service provider which was acquired by Excite, Inc. He was also chief financial officer at Peregrine Systems, Inc., a developer of help desk software solutions, and Pacific Data Products, a manufacturer of laser printer accessories.

Mayer, 40, joined Geoworks as chief executive officer in March, 1995 and was named chairman in May, 1997.

"As we announced several weeks ago, my management team and I are developing an updated strategic plan which will incorporate a narrower product focus and an expense reduction program, while enhancing Geoworks’ position as the preeminent developer of operating systems for smart phones and other mobile communications devices," Thatcher said.

"We hope to unveil this new strategy in the near future. While we will continue to focus on expanding OEM relationships and work with partners to deliver leading products and solutions to the marketplace, we want to ensure that our strategies are facilitating our drive towards predictable revenue and profitability," he added.

"We have recently expanded our management team by naming David Grannan, who has eight years of experience in the wireless industry, as vice president of marketing and business development, and believe the addition of a new chief financial officer and new board members will provide the enhanced management depth necessary to achieve our goals," he continued.

About Geoworks
Based in Alameda, California, Geoworks Corporation is a leading software provider for manufacturers of mobile communicating devices, including smart phones, as well as the cellular industry. The company has licensed its GEOS and GEOS-SC operating systems to leading manufacturers, including Mitsubishi, Nokia, Toshiba Corp., Hewlett-Packard Co., Brother International Corp. and Canon Business Machines. In addition, the company is working with content and services providers and international cellular operators.

In keeping with U. S. Law, Geoworks notes that this press release includes forward-looking statements, including development of the company’s focused strategy and improvement of its future financial performance, the projected emergence and growth of the smart phone market, and the hiring of an experienced CFO and industry executives to its board of directors to enable the company to meet its goals. Actual results may vary significantly, due to various risks and uncertainties. Those include, but are not limited to, the following: To date, the company has incurred significant losses, has had substantial negative cash flows and has realized limited revenues. The company expects to continue to incur substantial annual operations losses at least through the fiscal year ending March 31, 1999. Future results depend upon the emergence of the smart phone market, establishment of licensing relationships with leading market participants, introduction of successful products and services, and achievement and maintenance of a competitive advantage. Additional information is available in the Risk Factors and Business discussions in the company's Forms 10-K, 10-Q and other filings available from the company or from the Securities and Exchange Commission.

For additional information on Geoworks, its operating system and wireless content services, contact Geoworks on the World Wide Web at http://www.geoworks. com.

Source: Geoworks
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