Press Releases

KQ Corporation Emerges as GlobalSim, Indicating Strategic Shift in Market Focus

Salt Lake City -- May 13, 2002 --
KQ Corporation announced today a change in its corporate name to GlobalSim. The name change signals a transition from its focus on simulator systems engineering to its focus on advanced training services in the worldwide transportation and equipment operator markets. This strategic shift in focus positions the company to serve high growth markets with products and services that can enable customers to significantly increase their profitability.

"The new company name reflects the worldwide markets we are addressing with this strategic shift in our business," said Kevin L. Curtis, President and CEO of GlobalSim. "We will be making a number of announcements in the coming weeks that will detail our strategy for leveraging our simulation expertise and technology into some very attractive market opportunities."

GlobalSim's products and services stem from the work of its core engineering team, recognized as experts in their field for developing high-fidelity simulators in military, commercial, and research applications. Recent advances make it affordable to use this advanced training capability in areas never before possible.

GlobalSim has been in business since 1993. Its roots come from Jason Associates Corporation and Hyperion Technologies. These companies merged in December 2000. Revenues for the company have grown consistently for each of the past five years. Its executive team averages over 15 years experience in leading technology organizations including Mentor Graphics Corporation, Evans & Sutherland, Eyring Research Labs, and MyFamily.com. Plans include the addition of key finance and marketing executives.

GlobalSim's historical products include its DriveSafety Research product line of driving simulators and its MasterLift product line of material handling and crane simulators. "These product lines represent the best in their class and establish the foundation upon which our new business strategy is built," said Douglas F. Evans, Executive Vice President and General Manager of GlobalSim's DriveSim Business Unit. "Both of these
products have achieved remarkable success, leading their respective markets.
Our new company name speaks to the fact that we are delivering products and
services to customers around the world."

GlobalSim has been developing affordable advanced simulator-based training
systems since 1993. Offices are located in Colorado, Utah, and Virginia. For
more information visit www.globalsim.com.