TurboChef Technologies, Inc. today began implementing its Internet strategy aimed at bringing the Internet into the kitchen through its prototype web-enabled, rapid-cook oven. In order to facilitate this initiative, the company has appointed Marc Jacobson to develop its new Internet strategy. Simultaneously, the office of the Chief Financial Officer will be relocated from the Company’s Dallas office to its New York headquarters. As such, Dennis Jameson, TurboChef’s current CFO will step down from this position and Mr. Jacobson will assume the title of Interim CFO.
“We believe our cooking technology can dramatically improve the consumer’s quality of life, and when coupled with a wireless web pad, may well emerge as the leading gateway to the web-enabled kitchen and home,” said Jeffrey B. Bogatin, Chairman of the Board. “The prototype wireless interface will allow consumers to operate the rapid-cook oven and will provide a complete Internet experience, including ordering groceries, downloading recipes, completing e- commerce transactions, surfing, and reading e-mail. “Marc’s background and skills make him ideally suited to lead our efforts to leverage our technology with Internet technology. His years of Internet experience in senior management at Prodigy Communications Corp., and other content websites, and his background in law and business development will serve our shareholders well,” concluded Mr. Bogatin.
Mr. Jacobson also serves on the Board of Directors of the Direct Marketing Association and as Chairman of the Board of Advisors of the Internet Alliance, the leading trade association for Internet companies. While at Prodigy, Mr. Jacobson served as General Counsel, Acting CFO and Senior Vice President for Corporate Development and Public Policy. His experience also includes work in product development, internal processes, financial controls and complex financial transactions.
TurboChef Technologies, Inc. is a world leader in developing patented thermodynamic technology, which it couples with on-board computers in creating quality of life improvements for professionals and consumers. The owner of nine patents, and twenty-five patents pending, including patents regarding cooking technology and Internet business processes, Turbochef is focused on enhancing consumers’ quality of life and creating shareholder value.
The company has an installed base of over 1,500 rapid-cook ovens in restaurants, hotels and food service industries located in the United States and the United Kingdom. Its newest rapid cook oven for the home is scheduled for delivery to Jenn-Air/Maytag dealers in June 2000 and will be manufactured and distributed by Maytag in the US. The Internet enabled home oven is not yet available, and is only in the prototype stage. More information about the company and its products can be found at www.turbochef.com.
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