Former Assistant Secretary of Defense, Arthur L. Money, Named to the Board of Directors of NovoDynamics, Inc.

March 11, 2004
Ann Arbor, MI

NovoDynamics®, an Ann Arbor, Michigan supplier of document exploitation and pattern-recognition software, today announced the election of Mr. Arthur L. Money to their Board of Directors. Money has more than 40 years of management and engineering experience in the defense electronics and intelligence industries involving leadership roles in both government entities and private industry.

Recently Money served in various capacities in the Department of Defense, including two years (1999 to 2001) as Assistant Secretary of Defense for Command, Control, Communications and Intelligence; three years (1998 to 2001) as the Chief Information Officer for the Department of Defense; and two years (1998 to 1999) as the Senior Civilian Official in the Office of the Assistant Secretary of Defense. In October 2003, Mr. Money was appointed as the first Chairman of the FBI's Science and Technology Advisory Board. Prior to his government service, Money was President of ESL Inc., a subsidiary of TRW. After its consolidation with TRW's Avionics and Surveillance Group, he became Vice President and Deputy General Manager for that Group.

"We are very pleased that Art has agreed to join our Board of Directors," says Don Garaventi, CEO of NovoDynamics, Inc. "Art brings a wealth of knowledge and experience to us, and we believe he will play a pivotal role as we broaden the commercialization of our products, particularly our NovoD DX™ document exploitation products for both government intelligence applications as well as commercial end uses."

"Prior to meeting the people of NovoDynamics and learning about the accomplishments of their company, I always associated Ann Arbor with the University of Michigan and its leading-edge performance in academic and athletic endeavors," Money said. He further noted, "To that association I have now added NovoDynamics, whose proprietary technologies are yielding unique world-class software products for major document exploitation needs. I'm excited and honored to be part of the NovoDynamics team."

Money holds a Master of Science degree in mechanical engineering from the University of Santa Clara and a Bachelor of Science degree in mechanical engineering from San Jose State University. He currently serves on several U.S. government boards and panels, is a member of the advisory board to several corporations and a member of the board of directors for a number of public and private companies.

NovoDynamics creates and sells leading-edge pattern recognition and data mining software products for three markets: Document Exploitation; Pharmaceutical Discovery and Development; and Chemical Discovery and Development. NovoDynamics' unique data mining and pattern recognition competencies are based on its Advanced Discovery Informatics™ technology platform that can be applied to different markets where the common need is to uncover hidden trends, relationships, and information in large, complex databases and document collections. The NovoD DX products for Document Exploitation provide---with unexcelled accuracy---clean-up, conversion to computer readable form, and search and retrieval capabilities for degraded "real-world" documents, such as smudged faxes and low-quality copies. NovoDynamics is a privately owned company located in Ann Arbor, Michigan. For more information visit their web site at www.novodynamics.com.