Industry Visionary Barry J. Glick Named President and CEO of ObjectFX; MapQuest.com Founder and Former CEO of Webraska To Lead Company

MINNEAPOLIS—(BUSINESS WIRE)—July 22, 2004— ObjectFX, a leader in delivering dynamic location-enabled enterprise information services with SpatialFX, its innovative and patented 100% Java/J2EE enterprise software platform, today announced Barry J. Glick as its President and CEO. Glick is a recognized leader in the geospatial and related location-enabled information industry. He was a founder and served as CEO of MapQuest.com from its inception as a business unit of RR Donnelley and most recently had been CEO of Webraska Mobile Technologies, a worldwide leader in wireless navigation and location-based services.

"We are very pleased and excited that Barry Glick has joined the ObjectFX team as CEO, said Kermit "Chip" Stofer, Partner at Software Consolidations Inc. and Chairman of the Board of Directors of ObjectFX. We are looking forward to accelerating the growth of the company as the need for dynamic location information in commercial enterprises and government agencies expands rapidly. Barry's extensive background and deep experience will help propel ObjectFX into new markets as well as deepen our strong position in existing commercial, transportation, and national security markets."

ObjectFX's SpatialFX(R) software platform is designed to enable the visualization of an organization's resources and assets in real time and on any client device anywhere. ObjectFX has recently launched its innovative new 4.0 version of SpatialFX, which features unique-in-the-industry capabilities such as fully integrated support for thin-client mobile devices via J2ME; intelligent spatial objects; spatial rules and events; and support for location-relevant text information extraction and use.

"The quality, flexibility and power of ObjectFX's SpatialFX platform is one of the key reasons I am so excited to be joining the company," explained Glick. "We are entering into a period of immense opportunity for integrating the power of dynamic location and visualization within the total enterprise information environment, and I am convinced that ObjectFX will be a leader in this revolution. ObjectFX has an outstanding team of investors, excellent employees, great customers and strong partnerships with systems integrators and 3rd party application vendors. With their help, I intend to further strengthen the company's innovative product range to address the emerging market needs for our product. I am very excited about ObjectFX's future and I'm very pleased to be a part of it."

Glick's background includes significant capital-raising efforts, along with new product delivery and a focus on responding to market needs and customer expectations. In addition to his CEO positions at MapQuest and Webraska, he has been a partner at Geocodex LLC, an intellectual property-based company in the field of location integrity, information access control and information security. He previously was a Principal of Carillon Ventures LLC and held senior-level management positions at Navteq, Spatial Data Sciences Inc. and PAR Technology Corporation. Glick holds PhD and BA degrees from the State University of New York, Buffalo and a Masters Degree from Cornell University.

In conjunction with Glick's appointment as President and CEO, Nick Thomey, who has served as interim President, has been named Chief Operating Officer and will be responsible for overall management of the internal operations of the company. He also has direct responsibility for the company's commercial sales group and for administration, customer support and professional services. Thomey has been with the company since it's founding in 1994 and has been responsible for building its customer support and professional services functions.

About ObjectFX Corporation

ObjectFX provides an innovative 100% Java enterprise software platform that enables the integration of dynamic location-based services such as mapping, vehicle routing, address geocoding and other spatial operations into enterprise applications. Users of applications built on the SpatialFX(R) Platform can view and interact with real-time, integrated views of information in a location-based context, thereby enabling faster, more effective decisions. ObjectFX's technology serves as a foundation for a wide range of software applications that include Dynamic Operations Management, Wireless Services, Mobile Asset Management, Mapping & Routing, Location Analysis, Network Visualization & Management, Military Situational Analysis and Intelligence Data Fusion. ObjectFX products are installed at leading organizations such as Boeing, FedEx, JB Hunt, NGA, Lockheed Martin, AT&T, Florida DOT, United Health Care, Union Pacific, United Airlines, Conway, Northrop Grumman, Raytheon, SAIC, General Dynamics, Unisys, QUALCOMM, Qwest, U.S. Army and the U.S. Postal Service. ObjectFX Corporation is headquartered in Minneapolis, Minnesota.

To learn more about ObjectFX or view demos, visit www.objectfx.com.



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