-Caveat Lector-

Tuesday, June 5, 2001 3:14 p.m. EDT

General Haig Joins NewsMax Advisory Board

WEST PALM BEACH, Fla. - General Alexander M. Haig Jr. (USA Ret.), former U.S. Secretary of State, NATO Commander and White House Chief of Staff, has joined the international advisory board of NewsMax.com, the company announced today.

"We are pleased that such a distinguished American statesman and business leader has joined us," Lord Rees-Mogg, Chairman of NewsMax.com, said.

General Haig has been at the forefront of the new economy. He was one of the founding board members of America Online and played a key role in making AOL the giant it has become. He remains as a director of Compuserve Interactive Services Inc., an AOL-Time Warner subsidiary. In addition, he is a member of the Board of Directors of MGM Mirage Inc., Metro Goldwyn Mayer Inc. and Interneuron Pharmaceuticals Inc.

NewsMax.com is a media publishing company best known for its major news portal on the World Wide Web. In February, Yahoo magazine said the company's site is among the "hottest" on the Web and Wired News says NewsMax's "popularity has skyrocketed." Founded in September 1998, the company has seen a tremendous growth in its viewership, and its offline magazine has more than 150,000 paid readers each month.

"I am impressed with the growth and development of NewsMax.com. It has broken from the pack of dotcom start-ups to develop a highly successful business model while providing the American people with a fresh perspective on the news," General Haig said. "I believe this company has the potential of becoming a major player."

General Haig has had a remarkable military, diplomatic, political and business career.

A graduate of the U.S. Military Academy at West Point, Haig's military career included service in Japan as an aide to General Douglas MacArthur and combat service during the Korean War and the Vietnam War. He served as Deputy National Security Adviser to President Richard M. Nixon, Vice Chief of Staff of the Army, and then as President Nixon's White House Chief of Staff. In 1974, President Gerald R. Ford named him Commander of the U.S. European Command. Subsequently, he was appointed NATO's Supreme Allied Commander in Europe. In 1981, General Haig became our nation's 59th Secretary of State under President Ronald Reagan.

As a business leader, General Haig served as President and Chief Operating Officer of United Technologies Corporation and as Senior Adviser to several other multinational corporations. He is host of his own weekly television program, "World Business Review," with a focus on innovative uses of new technologies. He is chairman of his privately owned international advisory and venture capital firm, Worldwide Associates Inc., based in Washington, D.C.

"We very much appreciate that General Haig views NewsMax.com as an important enterprise and one he can identify with and advise," Christopher Ruddy, CEO and president of NewsMax.com, said.

General Haig will join NewsMax's distinguished advisory board, which includes Robert Lohman, a former IBM executive; Nigel Evans, vice-chair of Britain's Conservative Party; Yonghao Pu, former chief economist of the Bank of China, now Senior Economist at Nomura Securities; former U.S. congressmen John LeBoutillier and Dan Frisa, and several others. The company's Board of Directors, in addition to Mr. Ruddy and Lord Rees-Mogg, includes journalist Arnaud deBorchgrave, Dallas businessman Michael Ruff, publisher James Dale Davidson and Adm. Thomas Moorer.


http://www.newsmax.com/showinside.shtml?a=2001/6/5/135851

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