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Industry Press Releases
Panoptx Eyewear Launches Speed Series

For Immediate Release
Katy Gaenicke, CGPR
781-934-2427

Pleasanton, Calif., January 13th, 2004 —
PANOPTX LAUNCHES "SPEED SERIES," BRINGING PROPRIETARY TECHNOLOGY TO WIDE RANGE OF PRICE POINTS

Dart, Dash, Sprint and Zip provide retailers with more options for customers demanding performance without the "bells and whistles"

PLEASANTON, Calif. (January 13, 2004) – In order to bring its state-of-the-art eyegear technology to a broader scope of customers, Panoptx Eyewear today unveiled its Speed Series, a new product line that brings wind-resistant performance to a wide range of price points. Featuring a partial foam seal around the eye and a lightweight frame, the Speed Series is "Speed Rated" at 40 M.P.H., meaning the eyegear will operate at peak performance up to 40 M.P.H. The Panoptx Speed Series will be available at ski and sport shops, optical stores and authorized Harley Davidson dealers in February 2004.

The Speed Series features a modified version of the traditional Panoptx vision system, featuring a fleece-covered foam interior that protects eyes from wind, snow and debris. The partial seal is an alternative for consumers who want eye protection, but may not need the sophisticated technology in Panoptx's high-speed performance eyegear that are speed rated at 80 m.p.h.

"The Speed Series is a smart business opportunity for retailers," said Bob Hall president of Panoptx. "Retailers now have an attractive option for customers who want performance eyegear, but may not want, or need, state-of-the-art technology typically used by hard-core enthusiasts. In addition, our consumers have been asking for this option as they grow more knowledgeable about technology features and benefits. Retailers can build their businesses while consumers have a wider product choice."

As part of the patented Panoptx Vision System, the company offers three choices of lenses, all of which are designed to protect the eyes from snow, sunlight glare and wind. The BaseLine lenses are made of a polycarbonate material and are available in grey or clear. ColorTec™ lenses, also made of polycarbonate, include a silver or grey color option, as well as a version that is ideal for snow conditions. PureTec™ lenses represent the highest quality in the sunglass lens industry. These lenses are lightweight, shatter resistant and change hue based on the amount of sunlight, so that wearers can wear them during the brightest part of the day, and into the evening.

Dart – Dart is the only frame made of aluminum in the 2004 Panoptx line, using dual hinges for maximum comfort. This frame is based on the Cyclone, the most popular Velocity Series frame and has insulated nose pads and tips. The Dart is available in a clear satin finish and retails for $60 with a BaseLine lens, $95 with a ColorTec lens, and $125 with a PureTec lens.

Dash – Designed Especially for Snowsports, the Dash is patterned after the Gust from Panoptx's Velocity Series. It is a partial rimless frame where the bottom of the lens does not have a foam seal. This feature gives the wearer maximum peripheral view in the lower quadrant of the lens, making it ideal for activities such as skiing and boarding. The Dash is available in metallic black, tortoise, and chrome, and retails for $50 with a BaseLine lens, $85 with a ColorTec lens, and $115 with a PureTec lens.

Sprint – has a unique oval shape with a wide temple design and a strong, medium-sized frame with insulated nose pads and tips. The Sprint is available in metallic black, tortoise, and crystal smoke, and retails for $50 with a BaseLine lens, $85 with a ColorTec lens, and $115 with a PureTec lens.

Zip – features a sculpted and contoured frame providing an esthetically pleasing style. The lenses are rectangular, much like the Chinook from the Velocity Series, and fits a medium-sized face. The Zip is available in metallic black, tortoise, chrome, and white pearl, and retails for $50 with a BaseLine lens, $85 with a ColorTec lens, and $115 with a PureTec lens.

Established in 1997 by Dr. Rudolph Kopfer, Panoptx developed the technology that combines the protection and performance benefits of goggles with the style of sunglasses. Today, the company designs and manufactures superior eyegear designed to offer the highest level of protection and comfort, especially during outdoor and high-speed activities. Complete with filtered vents and anti-fog lenses, Panoptx products are perfect for snow sports, motorcycle cruising, and water sports. Panoptx's full line of proprietary lenses provide 100% UV protection and most are available in prescription. Panoptx are sold through sunglass stores, ski and sport shops, and authorized Harley Davidson dealers. For more information, go to the Panoptx Web site at http://www.panoptx.com

 

Years of Eyewear Industry Experience


Robert E. Hall, CEO
Hall has been in the outdoor industry for 26 years and has been CEO of four different companies over the past 18 years. He is known both for corporate turnaround and sales growth results.

Hall served as president and CEO of Ride, Inc., engineering a turnaround and preparing the company for eventual sale to K2 (NYSE: "KTO"). Ride is a leading manufacturer of snowboard equipment, wakeboards and apparel. The company employed over 350 individuals and was publicly traded (NASDAQ:"RIDE"). Preceding Ride, Hall owned and managed Smiley Hats, a manufacturer of quality headwear and accessories. Smiley was acquired by Ride in 1997. Before Smiley, Hall served as president and CEO of Allegra, the Vuarnet-France distributor of premier sunglasses. During his five-year tenure, Hall created the Vuarnet apparel extension and the Ziari and X-Isle brands, growing sales from $19 million to $57 million. Preceding Allegra, Hall worked at Salomon North America, where he worked his way up over the course of 13 years from sales representative to president and CEO in 1981. During his five years as CEO, sales tripled from $22 million to $64 million, an IPO was accomplished and the Taylor Made Golf company was acquired.

Hall earned his B.A. from the University of Colorado and completed Seminars for Young Presidents at Harvard Business School. Hall also served as chairman of the board of Snowsports Industries of America from 1987-1989, chairman of the American Ski Federation in 1989 and executive director of Outdoor Recreation Coalition of America (ORCA) for one year. In addition, Hall has served on the boards of several sports industry companies including Smith Sport Optics, Rapidtron, Athletic Training Equipment Supply, Sportif, and Spelcor. Non-profit boards include the Pacific Crest Trail Alliance and ORCA.

Aaron Markovitz, Vice President, New Product Development
Markovitz has more than 20 years of experience in the global eyewear industry with a primary focus on product design, development and marketing. He has held vice president positions in product management and development at both Baush & Lombe and Bolle, Inc. Markovitz earned a B.F.A. in Industrial Design from the Rhode Island School of Design and has won several eyewear design awards.

Carolee Wilson, VP of Finance
Wilson has been a senior level manager for the last 14 years. She has 10 years experience working in a range of complex manufacturing industries, including start-ups and large businesses. Wilson's experience establishing internal controls as well as streamlined systems and procedures in all areas has been invaluable in high-growth situations. She has negotiated a range of financial lending packages and services and has managed audits and the internal preparation of audit work-papers, all with favorable review by Big Five firms. Wilson earned her B.S. from California State University of Hayward.

Joel Olney, Co - Founder
Olney brings to Panoptx 23 years of domestic and international experience in the sales and marketing of eyewear. He pioneered the market for Panoptx, opening half of the current account base by developing and executing innovative sales and marketing programs.

During a 16-year career with Ski Optiks, Olney managed all sales and marketing after working his way from independent sales rep to Vice President of Sales and Marketing. Most recently, Olney was Vice President of Sales and Marketing for Cable Car and Dr. Dean Edell Eyewear. Leading the entire sales force, he managed sales growth to $15 million while overseeing the marketing and development of six new product lines. His knowledge of the eyewear business and sales management skills contributed to strong growth of both eyewear companies and the quick launch of Panoptx. Olney has been an integral part of the success at Panoptx and as one of three founders, he is responsible for managing all sales communications efforts for the company. Olney graduated with a degree in Behavioral Science from Humboldt State, Calif. and attended graduate school at the University of Utah.

Dr. Rudolph Kopfer, Founder
Dr. Kopfer is the inventor and designer of Panoptx eyewear. A graduate of the University of California, he practiced Oral and Maxillofacial surgery for thirty-two years. During his career, he was on the medical staff of four California hospitals, President of the Institute of Correction of Dentofacial Deformities, Assistant Clinical Professor at the University of Pacific, and a consultant to Kaiser Permanente Hospitals. Dr. Kopfer has been involved in numerous business ventures and product innovations in both the medical and consumer products industries. Dr. Kopfer began development of his performance eyewear concept in the early 1980s, and upon retirement from his Oral Surgery practice in 1989 he dedicated himself full-time to Panoptx. He currently manages research and development for the company, focusing on delivering a continual stream of innovation to ensure Panoptx achieves and sustains its leadership position in the market.



At Panoptx, we have a mission: to provide outdoor enthusiasts with the highest performance eyewear they can buy. To accomplish this, we've put together a management team with more than a century of combined experience in the eyewear industry, and spent years finding out exactly what outdoor athletes want in a sunglass. Drawing from that background and input, the Panoptx team has since homed in on a superior product that offers complete protection against wind and other elements, fits securely and comfortably, and dramatically improves vision during outdoor activity.

Judging by the feedback we've received, we believe Panoptx has achieved its goals. The word is spreading fast among motorcyclists, snow sports pros, cyclists and others: Panoptx offers the ultimate eyewear solution for the active lifestyle..



In Sun Valley, Idaho on one of those mixed snow and sunshine mornings, wondering whether to wear a goggle or a sunglass for his first run. As he watched skiers fumbling with their bulky goggles and uncomfortable straps, he had an idea, “why can’t someone invent a goggle that’s as comfortable and good looking as a sunglass… maybe a goggle-in-a-sunglass?"

Dr. Kopfer, an Oral and Maxillo Facial Surgeon decided to take on the challenge. Measuring the exact structure of the facial bones on hundreds of skulls, he averaged the numbers and came up with the exact fit curves. He worked for years to miniaturize these fit curves and the other features of a goggle and to fit them behind a sunglass frame.

After 8 years of prototypes and extensive R&D with Harley riders, skiers, snowboarders, cyclists, sailors and other outdoor athletes, Dr. Kopfer patented the invention that offered the benefits of a goggle, without the bulky look and feel. He started a company and assembled a top-notch management team to build and distribute it. Together, Kopfer's Dream Team offers more than a century of combined experience in the sunglass industry. Panoptx was founded in 1997, and today produces superior eyewear designed to offer the highest level of protection and comfort, especially during high-speed outdoor activities.

With the help of his team, Kopfer has created an entirely new sunglass category, called "Windless Eyewear™”. He is founder and head of research and development for Panoptx.

"Panoptx will forever change the performance you expect from a sunglass",



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