RealityWave appoints CFO

Cambridge, Mass., Feb. 12, 2003 — RealityWave Inc. has announced the addition of Todd Goffman as Chief Financial Officer, General Counsel, and Secretary.

Todd arrives at RealityWave with corporate finance experience in addition to being an attorney. This combination of skills enables RealityWave to streamline, integrate, and protect the company’s financial, legal, and intellectual property responsibilities.

Todd has previously served as General Counsel, Business Development Manager, and Secretary for Improv Systems, Inc., a semiconductor intellectual property company. While at Improv, Todd was an integral part of negotiating and closing multiple rounds of venture capital and strategic financing, and handled all legal matters, including license transactions with several of the largest semiconductor and systems companies in the world.

Prior to Improv, Todd was an attorney with Testa, Hurwitz & Thibeault, LLP, one of the nations leading emerging technology firms, specializing in corporate, securities, and intellectual property licensing transactions. Todd has also spent time as an attorney with Bernstein, Shur, Sawer & Nelson in Portland, Maine.

Goffman commented, “In today’s economic environment it is obvious that companies are taking more time to manage their finances. At the same time, however, technology companies need dedicated corporate, transactional, and intellectual property counsel. Seamlessly integrating these functions is my role with RealityWave. The entire executive staff is committed to managed growth of the company and protection of its technology, products, and relationships.”

RealityWave’s VizStream® Enterprise Platform enables companies to develop or enhance applications with the ability to access and visualize Industrial Data like 3D models, 2D drawings, BOMs, and P&ID’s. Unlike traditional viewers, VizStream is an open-architected platform designed to allow companies to enhance already implemented applications, or create a new application.

“2002 was a year of growth and strategic change at RealityWave as we moved our product line further into the enterprise,” said Bardwell Salmon, RealityWave CEO and president. “As we continue to grow in 2003 bringing on a CFO was paramount. We looked for an experienced financial professional who could also represent RealityWave in legal areas, specifically as general corporate, transactional, and intellectual property counsel. Bringing Todd on board will help us mange the growth we see in 2003 and bring us closer to our strategic vision.”

About RealityWave Inc.

RealityWave develops an Internet-architected platform powering Industrial Data Collaboration. RealityWave’s patented VizStream® Platform enables the access, visualization, and integration of Industrial Data, including complex 3D models, for web-based collaboration and communication applications. For more information, visit the RealityWave web site at www.realitywave.com, or call (617) 864-5010.