Lou, Please would you take the time to read the details of the attached Press Release? Chuck Robertson is the CEO of VeriBest and explains why the organizational changes were implemented. Thanks & Regards, Steve Product Marketing Manager PCB Design VeriBest Inc 6101 Lookout Road Boulder, CO 80301 Exchange - 303-581-2300 Direct Dial - 303-581-2354 Mobile/Page - 303-589-4299 Fax - 303-581-9973 Email - [log in to unmask] Web - http:\\www.veribest.com Every answer found, Begs another question The further you go, the less you know PRESS RELEASE Editor Inquiries: Carle Churgin Chuck Robertson Churgin Communications VeriBest, Inc. (303) 449-7688 (303) 581-2418 [log in to unmask] [log in to unmask] VeriBest Streamlines Its Organization Boulder, Colo. - October 8, 1999 - Today, VeriBest, Inc. announced worldwide organizational changes to streamline the company and posture it for profitability in the coming months. The organizational changes eliminate management hierarchy and promote vibrant, talented personnel to significant roles in the company. Approximately 20 people or 9% of all employees worldwide will be effected by the company's re-organization. Included among the changes are new appointments to the leadership positions of sales and marketing. "While there are always challenges with transformation, I am pleased to announce a new, streamlined VeriBest. With the changes we are making, VeriBest will be able to encourage innovation and foster the entrepreneurial thinking and teamwork that is required to be successful and profitable in the EDA industry," stated VeriBest president and CEO, Chuck Robertson. "By reducing the layers between the executive staff and employees, VeriBest will be able to strengthen its lines of communication, more clearly define responsibilities for individuals and teams, and ensure its responsiveness to critical customer and market needs. The implementation of these efficiencies will also positively impact the operating expenses in all categories and help us in our goal to profitability." "We had a very successful third quarter due to the healthy demand for our products and services. Our international business was quite strong, with a good performance from Europe. Due to our partnership with CADIX, our business in Japan is growing rapidly. Our commitment to our customers' success has been an area of distinction for us and we will continue to build upon that strength," he added. VeriBest will continue to focus on developing and marketing CAD and CAE systems to major corporate users, maintaining its outstanding customer support, and establishing partnerships on a global basis. Due to the success of its product and service offerings and partnerships, VeriBest's PCB business is growing faster than the PCB industry as a whole. These new organizational changes will enable the company to extend that trend throughout its entire product line. VeriBest, Inc., the EDA Systems Company, is a leading worldwide supplier of systems design EDA solutions that enable customers to solve their critical business issues. VeriBest pioneered the Windows NT EDA market and continues to offer the best price/performance products available in the EDA industry. VeriBest integrates with industry leading tool providers and provides a complete system design solution including tools for design entry, analog, PCB and digital design as well as consulting services. The company has its headquarters in Boulder, Colorado and development offices in Huntsville, AL and Mountain View, CA. For more information call 1-888-482-3322 or visit the company's Web home page at www.veribest.com. ### -----Original Message----- From: Dallara, Louis T (Louis) [mailto:[log in to unmask]] Sent: Wednesday, October 13, 1999 2:03 PM To: [log in to unmask] Subject: Re: [DC] Mentor vs. VeriBest VeriBest lays off 9% of Employees http://www.pcdmag.com/home/content.shtml Looks like they migh be going the path of Cadnetix. Lou