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Melville, NY, March 3, 2002 -- Andrea Electronics Corporation (AMEX:
AND), announced today the appointment of Louis Libin and James M.
Griffin to its board of directors, effective immediately.
Louis Libin
joins the Andrea Electronics board, bringing over 19 years of technology
and executive managerial experience. Mr. Libin, most recently, is
the founder and President of Broad Comm, Inc., a consulting group
specializing in advanced television broadcast, interactive TV, Internet
Protocol and wireless communications. Through Broad Comm, Mr. Libin
has worked with high profile clients such as General Electric, NBC,
CBS, Thomson Consumer Electronics and The International Olympic
Committee. Prior to his tenure at Broad Comm, Mr. Libin was Chief
Technology Officer for NBC, and was responsible for all business
and technical matters for satellite, wireless and communication
issues for General Electric and NBC. Since 1989, Mr. Libin has represented
the United States on satellite and transmission issues at the International
Telecommunications Union (the ITU) in Geneva, Switzerland. Mr. Libin
was also a member of the Federal Communications Commission (FCC)
Advisory Committee, and he was Chairman of the FCC Advisory Group
on Wireless Issues. In addition, Mr. Libin is a founder of WOW TV,
a Salt Lake City-based interactive television company. Very recently,
Mr. Libin served as a technical advisor to the Salt Lake City Olympic
Committee.
James M. Griffin
joins the Andrea Electronics board, bringing over 35 years experience
in corporate and financial management capacities. Mr. Griffin has
been a private investor since 1994. Prior to that time, Mr. Griffin
held financial management positions at Estee Lauder Inc., where
he was Executive Vice President and Chief Operating Officer of Lauder
Investments, Inc., and earlier, Vice President and Treasurer of
Estee Lauder, Inc. Mr. Griffin also serves as a director of Vail
Banks, Inc., a bank holding company; at Overseas Military Sales
Corp., a privately held company that sells U.S.-made automobiles
to Armed Forces personnel located outside the United States; and
as Chairman of the Board at Southern Holdings, Inc., one of the
largest privately-held metal and plastic recyclers in the United
States.
The addition
of Mr. Libin and Mr. Griffin occupies vacancies on the Company's
board established by the recent resignations of John N. Andrea and
Paul M. Morris.
"We are
pleased to announce the addition of Louis and James," said
Christopher P. Sauvigne, President and Chief Executive Officer of
Andrea Electronics Corporation. "Louis' broad technology background,
together with James' extensive financial management experience,
adds considerable strength to our team, and we look forward to working
with them during this very exciting time for Andrea Electronics."
Louis Libin
holds a Bachelor's of Science degree in Electrical Engineering from
the Pratt Institute and completed his graduate studies at Massachusetts
Institute of Technology in Optical Electronics at the MIT Executive
Program in 1991. Mr. Libin is a Senior Member of the Institute of
Electrical and Electronic Engineers (IEEE), and is a member of the
National Society of Professional Engineers. He is also active in
the Society of Motion Picture and Television Engineers (SMPTE) and
the Society of Broadcast Engineers (SBE).
James M. Griffin
holds a Bachelor's degree in Accounting from St. John's University
and attended Bernard Baruch Graduate School of Business, New York
University Graduate School of Arts and Sciences and St. John's University
School of Law. Mr. Griffin is a Certified Public Accountant and
a member of the American Institute of Certified Public Accountants.
Andrea Electronics
Corporation designs, develops and manufactures audio technologies
and equipment for enhancing applications that require high performance
and high quality voice input. The Company's patented Digital Super
Directional Array (DSDA®), patented PureAudio®, patented
EchoStop and patent-pending Directional Finding and Tracking
Array (DFTA) far-field microphone technologies enhance a wide
range of audio products to eliminate background noise and ensure
the optimum performance of voice applications. Applications for
the Company's technologies include: speech recognition programs,
Internet telephony, video/audio conferencing, automobile PCs, home
automation systems, hand-held devices and multiplayer online games,
among others. Visit Andrea Electronics' website at www.AndreaElectronics.com
or call 1-800-707-5779.
About Andrea
Electronics
Andrea Electronics Corporation designs, develops and manufactures
audio technologies and equipment for enhancing applications that
require high performance and high quality voice input. The Company's
patented Digital Super Directional Array (DSDA®), patented PureAudio®,
patented EchoStop and patent-pending Directional Finding and
Tracking Array (DFTA) far-field microphone technologies enhance
a wide range of audio products to eliminate background noise and
ensure the optimum performance of voice applications. Applications
for the Company's technologies include: speech recognition programs,
Internet telephony, video/audio conferencing, automobile PCs, home
automation systems, hand-held devices and multiplayer online games,
among others. Visit Andrea Electronics' websites at www.AndreaElectronics.com
or call 1-800-707-5779.
This press release
may contain ``forward-looking statements'' within the meaning of
the Private Securities Litigation Reform Act of 1995. The words
``anticipates,'' ``believes,'' ``estimates,'' ``expects,'' ``intends,''
``plans,'' ``seeks,'' variations of such words, and similar expressions
are intended to identify forward-looking statements. These statements
are not guarantees of future performance and involve matters that
are subject to certain risks, uncertainties and assumptions that
are difficult to predict, including economic, competitive, governmental,
technological and other factors, that may affect the business and
prospects of Andrea Electronics Corporation (the ``Company''). These
and other similar factors are discussed under the heading ``Cautionary
Statement Regarding Forward-looking statements'' included in the
Management's Discussion and Analysis of Financial Condition and
Results of Operations in the Company's Annual Report on Form 10-K
and Annual Report not filed with the SEC, and in documents subsequently
filed by the Company with the Securities and Exchange Commission.
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