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Apr 27, 1999
Venture Capital Specialist Adds Extensive Internet, Banking and M&A Experience to Board

ALISO VIEJO, CA - Smith Micro Software, Inc. (Nasdaq NMS: SMSI) announced today that David M. Stastny has joined the company's Board of Directors. Mr. Stastny is the founder of Osprey Ventures, LP, a venture capital fund that invests primarily in private and early stage pubic companies involved in developing and marketing Internet, communications, and other software products. Investors in the fund are senior management, board members and other industry leaders of similar companies. Prior to starting Osprey Ventures, Mr. Stastny held positions as Managing Director at SoundView Partners, LLC; a Managing Director of Investment Banking for Oppenheimer & Co.; and Vice President of Investment Banking at Robertson, Stephens, & Company.

"As our Oppenheimer banker on Smith Micro's IPO, David Stastny's experience and insights were instrumental in bringing Smith Micro to the public marketplace. We are excited about adding David to our Board where his investment banking and M&A experience and his extensive contacts within the Internet industry should be of great benefit to Smith Micro's Internet telephony business," said Bill Smith, Smith Micro's Chairman of the Board, President and CEO.

"I am very enthusiastic about the new direction Smith Micro has taken. As a member of the Board, I look forward to introducing strategic partnering and new customer opportunities to Smith Micro, as well as helping the company to focus its strategic plan to become a leading Internet communications software developer," said Stastny.

This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, governmental and technological factors effecting the company's operations, markets, products, services and prices, as well as, other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q.

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