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PORTLAND, Or.- January 6, 2003 - SwiftView, Inc., announced executive promotions, additions, and restructuring. Effective
January 1, 2003, Steve Bachelder, formerly VP marketing and business development, will become president, while company
co-founder Randy Prakken, formerly president, will become VP, products and operations. As announced on December
30, 2002, Donna Schultz has joined SwiftView as VP, marketing. All three executives will work out of the SwiftView
corporate office in Tualatin, Oregon.
"SwiftView's rapid growth in the mortgage industry with our secure web-based loan document delivery service, SwiftSend
LoanDocs, requires us to grow our management team and refine our roles," said Steve Bachelder, president of SwiftView. "The
executive changes reflect what has evolved with our growth: Randy focuses his superb technological skills on the internal
management of products, technology and infrastructure, while I represent the company externally in working with our many
outstanding business partners and developing new business opportunities."
"I am extremely pleased that Steve will now be representing and leading the company, something he has proven his skills
at," said Randy Prakken. "His success at building relationships with OEMs and partners, and his people and management
skills will serve this company well for years to come. Between Steve and Donna, we now have the leadership to sustain
the remarkable momentum SwiftSend LoanDocs has generated in the mortgage industry."
"With a wide range of experience in marketing and business development, Bachelder is ideally suited to taking SwiftView
through anticipated major growth for 2003 and beyond. "Thanks to our technological superiority in electronic document
delivery, we fully expect revenues to double next year," he noted. "Frankly, we have the technology already in
place to be many times larger than that by applying it to additional business opportunities. My job is to make
sure we achieve our enormous potential - a very exciting prospect!"
Biographies and photographs of executives are available at Executive Biographies.
About SwiftSend LoanDocs
SwiftSend LoanDocs lets mortgage companies send documents directly to the closing table or borrowers in minutes. SwiftSend's
unique PackageBuilder easily combines output from LOSs and any Windows software into one package. Both sender and
recipient can view documents, and SwiftSend prints mixed legal and letter output on virtually any printer. Patent-pending
Verifiable Proof of Delivery™ confirms when a document was actually viewed, and passwords and encryption meet financial
industry compliance for secure delivery. Document processor outboxes and supervisor reports let users access and
organize their work from a single screen, and enables supervisors to spot errors, and maintain control in real time.
About SwiftView, Inc.
Founded in 1985, SwiftView, Inc. develops software for viewing, printing, delivering, and accessing on-line documents
and drawings. SwiftView products include standalone applications, browser plug-ins, and OEM integration products that
create, distribute and display print-stream data formats. SwiftView products are used by hundreds of thousands of businesspeople
at thousands of organizations worldwide, including Bank of America Mortgage, CitiMortgage, Bank of New York, Countrywide
Mortgage, Stewart Title, Strong Funds, Cisco Systems, Hewlett-Packard, ADP, Raytheon, NASA, Pratt & Whitney, and many
others.
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