ELSA Expands Management Board

Expansion addresses continued growth plans for the company's branded product divisions.

February 23, 1999 - Effective as of March 15, 1999, Helmut Nebgen, 36, will join the management board at ELSA, the leading manufacturer of PC peripheral devices in data communications and computer graphics. He will be responsible for the branded product divisions, corporate marketing and market research. In his last position, Nebgen was director of market research at Sony Deutschland. As Theo Beisch, President and CEO of ELSA AG explains, the addition of a fourth member to the company's management board results of the continued growth and addresses the importance of consumer products to ELSA. ELSA develops, manufactures and sells products for the high-end and consumer segments of the markets for data communications and computer graphics products.

ELSA was founded in 1980 and today has around 550 employees. In addition to its headquarters in Aachen, Germany, it also maintains subsidiaries in Santa Clara, California, as well as Taipei, Taiwan and Tokyo, Japan. ELSA develops, manufactures and markets PC hardware and software components for the data communications and computer graphics sectors. Its product range includes modems, ISDN adapters, videoconferencing systems, ISDN routers, graphics boards and monitors. ELSA AG shares have been traded on the "Neuer Markt" stock exchange in Frankfurt since June, 1998.

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