Ben Terrell joins Reciva as Chief Financial Officer

6/09/2005

Reciva Limited, the Internet Radio technology company, announced today that Ben Terrell had joined Reciva as Chief Financial Officer.

Prior to joining Reciva, Terrell spent most of his career as a proprietary trader in the City of London. After initial training with UBS he spent almost five years at Salomon Brothers in the Equity Division; most recently he was Head of Equity Proprietary Trading at UFJ International plc, the London-based investment banking arm of Japanese group UFJ Holdings, where his team returned a consistently high profit.

'Reciva offers me a hands-on role in the creation of a pioneering third-generation Internet application,' said Terrell.

'I see this as an exciting opportunity to apply my financial knowledge and expertise at this crucially important time in the company's development. Radio is loved all around the world and now Reciva offers worldwide radio. I expect to see the company generate global revenues and bring real value, particularly to the increasing number of professional families who live outside their native lands.'

'Ben brings twenty years of financial and managerial experience to Reciva,' stated Giles Hutchison, Chief Executive Officer of Reciva. 'He will play a key role in guiding and supporting our growth as we move forwards. We are very fortunate to have him as part of the Reciva team.'

Terrell will also join the Reciva Board of Directors.


About Reciva Limited
Reciva Limited was founded in 2002 with the objective of designing and building Internet radio modules for use with broadband applications. Wi-Fi radios using Reciva modules and Internet Gateway technology are now in mass production. Reciva is based in Cambridge, England.


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For more information, visit or contact Ian Henderson on
+44 1223 702981 or ih@reciva.com.

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