BOSTON, MA -- Digital Art Exchange, Inc. (DAX), the first managed Internet and application service provider for the graphic communications industry and creator of PrintPlanet.com, today announced that the company has received an additional round of funding to accommodate strategic growth initiatives. A new, expanded executive management structure is now in place. Meet Jean Grall, DAX Chairman and CEO... Jean Grall, a former managing director at Salomon Smith Barney and Merrill Lynch, has been appointed Chairman and CEO of DAX, and will be working closely with DAX COO Martijn van Steeg. A founding partner of CAPE Partners B.V., a private equity and venture capital firm with offices in Amsterdam and London, Grall has over 25 years of investment banking experience, primarily in the technology, telecommunications and media sectors, and is a member of the DAX Board of Directors. Grall's knowledge of these industries and his previous involvement with the company, coupled with the additional financing, will directly benefit DAX customers and members of PrintPlanet.com. "With the new funding commitment that we have received, this company is poised to fulfill our ambitions, further proving to our customers that DAX is the leading provider of managed Internet and application services for the graphic communications industry," said Grall. "We now have the management line-up which empowers the talented and experienced people at DAX to take the company to the next level." Additional Appointments.... Grall will drive the design, development, management and delivery of DAX application services and managed Internet solutions, and will focus on expanding the services available to the 25,000-member PrintPlanet.com eCommunities. In addition to the DAX technical, sales and customer relations staff, Grall is supported by the following key executives: -- Allen Davis, Vice President, Technology; -- Aninda Katragadda, Vice President, Finance and Administration; -- Katie Matrone, Vice President, Marketing Communications; and -- Ryan McIntyre, Vice President, Sales and Business Development. Also Additional Funding... Grall's appointment came after the additional funding was announced, and it marks a positive shift in the executive management structure at DAX, one which will further fuel the strategic growth initiatives of the organization. Under Grall, the executive management committee will coherently brand and align DAX and PrintPlanet.com across all operational groups within the organization, streamlining every aspect of the DAX experience, from the first sale and on throughout the entire customer relationship. About DAX... Digital Art Exchange, Inc. (DAX) is the first managed Internet and application service provider for the graphic communications industry. DAX is the acknowledged leader in providing open digital workflow solutions. DAX offers ad agencies, creators, designers, printers, publishers, separators and their clients scaleable solutions enabling the implementation of a variety of digital technologies. DAX is a driving force and a leading contributor to the acceptance and use of the Internet and Internet-based applications in the graphic communications industry. DAX was founded in 1995 and is a privately held company headquartered in Charlestown, Massachusetts. For more information, visit www.dax-it.com. DAX, the Internet Company for the Graphic Arts.