FAIRFAX, VA, February 14, 2003—TechBooks chairman and co-founder Rakesh Gupta announced today that Ranjit Singh, former president and chief executive officer of Reliacast, Inc., has joined TechBooks as chief executive officer. Singh, who joined the company’s board of directors in May 2002, succeeds Thomas F. Cunningham, who had served as TechBooks’ chief executive officer for the last three years. As a TechBooks board member, Singh has been actively involved in formulating the strategic direction of the company and positioning it for continued growth, according to Gupta. “Ranjit Singh has more than 20 years of proven success as a senior executive and entrepreneur in technology services businesses. He has consistently demonstrated the ability to grow businesses by understanding and responding to the needs of customers. His understanding of technology and the content space will help TechBooks move to the next level of growth,” says Gupta. Singh’s new role at TechBooks represents his most recent leadership position in some of the most prominent technology companies in the world. Singh has had a very successful career as an entrepreneur in several start-up companies and as a senior executive at such larger organizations as Xerox and Citicorp. While at Xerox he successfully launched a digital rights management company, ContentGuard. Singh and TechBooks are both pioneers in using eXtensible Markup Language (XML) technology to create and manage digital content. TechBooks developed a unique, front-end XML workflow process that speeds the production cycle for cross-media publishing projects that require content to be prepared in multiple formats. While serving as president and chief operating officer of ContentGuard, Singh played a major role in establishing the industry standard language XrMLTM that ensures interoperability in digital rights management. Singh has extensive knowledge in the content value chain and has past experience in managing off-shore operations. “TechBooks brings together two things that other companies would die for, a growing market in content solutions and a business model that leverages offshore resources. Given my background and knowledge in these areas I am very excited to join the company and provide an exciting set of solutions to our existing and new customers,” says Singh. Under Cunningham’s leadership, TechBooks became a recognized brand in the area of digital content. The company was repeatedly recognized for its fast growth by public awards from Washington Technology, and Virginia Business magazines as well as three straight years on the Inc 500 list. Cunningham led the company through several acquisitions and the consolidation of operations as TechBooks refined its process of offering innovative and cost-effective publishing technologies. In addition the company entered into several new vertical markets building upon its successful utilization of India-based resources. About TechBooks TechBooks is a fast-growing global company that is committed to delivering tomorrow's publishing technology to publishers today. Its offerings include high-quality composition services, a front-end XML workflow process that speeds cross-media projects, and data conversion services for turning pre-published archives into profitable digital content.