Nautel's David Grace Assumes Chairman of the Board, Appoints New President & CEO

Hackett's Cove, Nova Scotia, May 6, 2003 - After 33 years, David Grace has retired from his position of President and CEO of Nautel. Present and past employees joined together on February 27th to honor Grace at Nautel's Halifax, Nova Scotia facility.

"I have appreciated working with such a great group of people, and have been very pleased with the achievements of Nautel over the years," remarked Grace during his farewell speech to an appreciative crowd. Grace will remain active at Nautel, serving as Chairman of the Board of Directors.

Scott Campbell, who joined Nautel in 2001 as Vice President and Chief Operating Officer, has been appointed to the position of President and CEO as of March 1st, 2003. With more than 16 years experience in communications technology in both Engineering and Marketing functions, Campbell is a logical and welcome addition to the Nautel team.

"I am looking forward to continuing the Nautel tradition of engineering excellence, and to Dave's continued contributions as Chairman," said Campbell.