Prolong International Corporation Fills New Executive Positions

21 October 1999

Prolong International Corporation Fills New Executive Positions

    IRVINE, Calif. International Corporation (Amex:PRL) today announced that it has appointed Thomas Iwanski to the newly created positions of Senior Vice President Corporate Development and Chief Operating Officer.
    Mr. Iwanski, a graduate of the University of Wisconsin-Madison, worked approximately ten years with the public accounting firm of KPMG Peat Marwick, where he rose to the position of senior manager in the firm's audit department. Later Mr. Iwanski became Corporate Controller of Wahlco Environmental Systems, Inc., a NYSE-listed company with international operations. Mr. Iwanski then served as Vice President Finance, Chief Financial Officer, Assistant Secretary and a member of the Board of Directors of Computer Marketplace, Inc. a Nasdaq-listed company. Most recently he was Vice President Finance, Chief Financial Officer and Secretary of Nasdaq-listed NetVantage, Inc., where, in addition to accounting, investor relations and reporting responsibilities, he was involved in budgeting and strategic financial planning.
    "We are delighted with Tom's decision to join the Prolong team," said Elton Alderman, Chairman, President and Chief Executive Officer of Prolong International Corporation, adding that Mr. Iwanski is shortly expected to be named to Prolong's Board of Directors. "His extensive experience in addressing the challenges of maturing entrepreneurial companies will be put to good use at Prolong, where his responsibilities will be essentially twofold: first, identify and implement new business opportunities, whether through acquisition or internal development, that can leverage the Company's existing strengths; and second, assist with developing business strategies, operating processes and management oversight over the Company's current operations. Above all, Tom's mandate is to increase the value of the Company as a whole, and hence the value of every shareholder's investment."
    Prolong International Corporation, through Prolong Super Lubricants, its operating subsidiary, markets and distributes patented premium car care lubricants and appearance products for automotive, industrial and consumer applications. The Company's products are marketed and sold under the names "Prolong(R) Super Lubricants" and "Prolong Appearance Products(TM)" throughout the U.S. and in selected international markets.