24 May, 2005 Denver, Colorado (May 24, 2005): Intermap announces retirement of long-time board member as well as the addition of a new board member. Having served on the Intermap board of directors since October 1998, Everett Koeller has announced his retirement from the board effective May 2005. Mr. Koeller's strong background in founding public companies and negotiating venture capital placements has proved beneficial to Intermap as it has successfully raised over C$40 million since 1998.
The vacated position will be filled by Jerald S. Howe, Jr. Mr. Howe has over 20 years' experience in corporate and business law specializing in aerospace law and transactions. His background includes serving as senior vice president and general counsel for Veridian Corporation (NYSE:VNX), a leading provider of information-based systems for national security programs, and as a partner at Steptoe & Johnson, LLP, a Washington, DC, law firm. Currently, Mr. Howe is employed as vice president, intelligence solutions for SRA International, Inc. (NYSE:SRX), a leading IT solutions provider to the national intelligence community. In addition to his role on the Intermap board, he will also serve as a member of the Corporate Governance Committee.
"Everett served his role with dedication, participated actively in the affairs of the Company and made a lasting contribution to Intermap through his understanding of business and technology. His service to the Company deserves our utmost thanks and appreciation," said Intermap President and CEO Brian Bullock. He added, "Jerry also brings a deep-rooted understanding of both business and technology to the Intermap board of directors that is well suited for our future growth and markets. We are very pleased to have him join our board. His experience and background will strengthen and expand our position as we continue to grow under our NEXTMap business model."
"I am honored to have been a part of such an outstanding organization at the forefront of technology," commented Mr. Koeller. "Intermap's leadership position within the mapping and GIS industry will be instrumental to its success, and I am proud to have assisted Intermap with its growth and evolution from a project mapping company to an off-the-shelf data provider."
Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications.
Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images.
Headquartered in Denver, Colorado, Intermap employs more than 270 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com.
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