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WAM!NET Names Thomas K. Cook to the Position of Chief Financial Officer

Press release from the issuing company

EAGAN, Minn.--Sept. 24, 2002--WAM!NET, a global provider of shared services for content management and distribution, announced today that it has named Thomas K. Cook to the position chief financial officer. In this role, Cook will be responsible for the overall financial management of WAM!NET's commercial and government services businesses. Cook brings to WAM!NET more than 25 years of global financial management experience, having most recently served as vice president, finance and administration for Heraeus Amersil (Duluth, Georgia), a division of Heraeus GmbH, and executive vice president of finance for the Edwards Systems Technology Division of General Signal Corporation. Prior to that, Cook served in a number of progressive financial leadership positions spanning over 20 years at the General Electric Company. Cook's roles were with GE's Mobile Communications, Plastics, Electrical Distribution, and Lighting businesses, along with assignments at Corporate Headquarters. After completing GE's prestigious Financial Management Program, he was responsible for managing financial planning and analysis, business re-engineering and auditing functions, and has a successful track record of streamlining operations, reducing operating costs, and maximizing revenue growth and profits across these GE divisions. Cook reports to Michael Williams, chief executive officer, WAM!NET. "Tom's financial and operations expertise, developed among an elite class of professionals and proven during his tenure in a broad range of rapidly changing, complex environments, is a credit to WAM!NET's management team," said Williams. "With his leadership, we will be well positioned for the profitable growth of our commercial and government services businesses."