Mr. Jostein Eikeland This is Me

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1. 1. IASP Forum Anaheim Speaker and Company Biographies

   www.aspexpo.com/iaspforum02290 - [Cached]

   Published on: 3/13/2001   Last Visited: 3/18/2001

   Jostein Eikeland
   ...
   Jostein Eikeland Co-Founder & SVP , Business Development TeleComputing Jostein Eikeland co-founded TeleComputing in 1997 to help companies reduce the complexity and benefit from advances in Information Technology - his vision was to help companies take the T out of IT. Under his leadership , TeleComputing has expanded its services to the US market and positioned itself as a leading , full-service ASP managing both the server and the desktop. Prior to launching TeleComputing , Jostein's diverse career included sales positions at Jama Data and Spaceworld where he was responsible for driving sales and market development. Mr. Eikeland was also a senior sales consultant at Merkantildata where he was responsible for sales ,. developing new markets and serving the financial sector
   
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2. 2. Apptix » Press Room » Releases

   www.apptix.com/pressroom/relea - [Cached]

   Published on: 10/30/2000   Last Visited: 2/23/2005

   Since June 2000, Jostein Eikeland has served as President and Chief Executive Officer of TeleComputing while the search for a new Chief Executive Officer was conducted. Eikeland, a co-founder of TeleComputing, will become Chief Strategy Officer.
   
   "The Board of Directors wishes to thank Jostein Eikeland and the TeleComputing management team for their efforts during the search period," Mathews said.
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   "Eikeland has done a superb job of guiding TeleComputing during this transition period and positioning the Company for future growth.

3. 3. TeleComputing ::: Making It Easier

   www.telecomputing.com/Static/p - [Cached]

   Published on: 11/16/2000   Last Visited: 2/4/2002

   FT. LAUDERDALE, FL - November 16, 2000 - Mr. Jostein Eikeland and Mr. Erik Baklid co-founders of TeleComputing ASA, entered into a contract with Carnegie AS on May 16, 2000, through Hurricane Invest AS to purchase 500,000 shares of TeleComputing (TCO) stock on November 16, 2000 at an average price of NOK 242 per share. To support this commitment, Eikeland and Baklid issued a guarantee for up to a maximum of 1,250,000 shares of TeleComputing stock.
   
   Today, Eikeland and Baklid reached an agreement with Carnegie to extend the forward purchase commitment of Hurricane Invest to May 16, 2001, and have increased their personal guarantee by an additional 400,000 shares as collateral to cover this extension. This brings the total personal commitment of Eikeland and Baklid to 900,000 and 750,000 shares of TeleComputing stock, respectively.
   
   Hurricane Invest, an investment company owned 100 percent by Baklid, will assume the actual purchase commitment. Eikeland holds an option to purchase up to 67 percent of Hurricane Invest from Baklid at a nominal price.
   
   The new contract extension is an obligation to purchase 500,000 shares on or before May 16, 2001 at the original average price of NOK 242 per share. All obligations and claims related to the original purchase contract have been waived by both parties.
   
   Under the structure of the original contract, Eikeland's exposure was unclear. The negotiated number of shares in the new contract is intended to fix the gain/loss potential and risk between Carnegie and Eikeland.
   
   Commenting on the extension Mr. Eikeland said, "I am glad that the issues and uncertainties related to the original contract have been satisfactorily resolved and I look forward to focusing my efforts on the Company's future growth plans."
   
   In the event the share price trades above NOK 57 on or before the new settlement date, either Eikeland or Baklid could decide to reduce part or all of their obligation by turning over the shares provided as collateral through Hurricane Invest to Carnegie. Hurricane would then be required to deliver fewer shares from the collateral pool than the total committed number. In the event the shares are trading below the breakeven level, their maximum exposure is defined.
   
   ...
   We value our relationship with Jostein Eikeland and have been concerned as the financial pressures of this contractual commitment played out in the market. By adding the additional collateral, both he and Mr. Baklid have demonstrated a willingness to find a solution in the best interests of all parties."
   
   Mr. Eikeland also announced that he will step down as a member of the Board of Directors of TeleComputing. He stated that he wished to avoid even the appearance of a conflict of interest relative to any future share price trading valuation. With full support of the Board, Eikeland will continue as an employee of the Company in the role of Executive Vice President of Strategic Development. To avoid any potential conflict of interest, Eikeland will not be in a position to comment about developments at the Company or serve as an outside spokesperson on the Company's behalf for at least as long as the forward purchase contract is open.
   
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   Eikeland will continue to be a valuable resource for TeleComputing and is expected to be instrumental in contributing to our development plans for 2001 and beyond. As one of the founders of the Company, Eikeland has valuable experience and insight into the marketplace. I believe he will be essential in our efforts to build an organization with a much stronger and well-defined go-to-market strategy and overall business plan in the U.S. and help grow TeleComputing's successful operations in Norway and Sweden. I look forward to working with Jostein in the future."
   
   About TeleComputing TeleComputing, founded in Norway in 1997, is the largest ASP in Europe and the third largest ASP in revenues worldwide.world's first ASP. In 2001, the Company also launched a global Service Provider Solution software business that provides infrastructure and consultative solutions to companies who wish to provide TeleComputing or private label ASP services to their own customer base. Both businesses leverage TECOS developed to manage Information Technology costs and complexity, while improving accessibility, reliability and security for over 400 satisfied customers worldwide.
   
   The Company has a presence in Norway, Sweden and the U.S. with more than approximately 200 employees and seven offices.