TurboChef Technologies Announces Appointment of J. Thomas Presby, James W. DeYoung and Sir Anthony Jolliffe as New Board Members DALLAS, Dec. 3 /PRNewswire-FirstCall/ -- TurboChef Technologies, Inc. (BULLETIN BOARD: TRBO) announced today that J. Thomas Presby, James W. DeYoung and Sir Anthony Jolliffe have been appointed to its Board of Directors. Until his recent retirement on June 1, 2002, Mr. Presby was a senior partner with Deloitte Touche Tohmatsu. Deloitte is an international accounting and consulting organization providing auditing, accounting, tax and consulting services. During his 30 years of partnership, eight of which were spent abroad, Mr. Presby held a number of positions, including Deputy Chief Executive Officer of Deloitte & Touche LLP, Deputy Chairman and Chief Operating Officer of Deloitte Touche Tohmatsu, Chief Executive Officer of Deloitte & Touche Europe, Chief Executive Officer of Deloitte & Touche Central Europe, and Managing Partner of Deloitte's Financial Services Center. Mr. Presby is currently a director of Tiffany & Co., Greenpoint Financial Corp., World Fuel Services Corporation and the German Marshall Fund of the USA. Mr. Presby received a B.S. in Electrical Engineering from Rutgers University, a Masters in Industrial Administration from Carnegie Mellon University Graduate School of Business and is a Certified Public Accountant. In addition to his activities as a member of the TurboChef Board, Mr. Presby will serve as Chairman of the Board's Audit Committee. Mr. DeYoung is a founder and principal of Winston Partners Incorporated, which provides strategic corporate advisory, corporate disclosure and investor relations services to select private and publicly-owned companies. Mr. DeYoung is also a General Partner of Resource Ventures L.P., a private investment firm that invests in promising businesses with a strong reliance on technology and the internet. Prior to forming Winston Partners in 1984, Mr. DeYoung spent fourteen years with Baxter International, Inc., serving in a senior capacity in marketing, investor relations, public relations and corporate financial management functions. Mr. DeYoung is currently a director of several private companies and is involved with numerous not-for-profit organizations in the Chicago, Illinois area. Mr. DeYoung received a B.A. degree from Washington and Lee University and a J.D. degree from Northwestern University School of Law. Until his retirement from the accounting profession, Sir Anthony Jolliffe was a Chartered Accountant for 18 years, during which time he grew his accounting firm into a multi-national operation with offices in 44 countries with over 200 partners. His firm eventually merged with Coopers & Lybrand and Grant Thornton. Sir Anthony remained a partner in Grant Thornton for two years until he retired from the accounting profession in 1982. Since that time, Sir Anthony has built a number of businesses, two of which have been listed on the UK Stock Market. He is currently involved in several business projects in China, the Middle East, the United States and the United Kingdom. Sir Anthony has held, and currently holds, numerous positions with governmental and charitable entities in the United Kingdom and China, including being a former Lord Mayor of London and the Chairman of the Special Advisory Board to the Governor of Yunnan Province in China. Sir Anthony is a former TurboChef Board member who is rejoining the Board. Richard E. Perlman, Chairman of the Board of TurboChef, said, "We are delighted to have additional persons of Tom's, Jim's and Sir Anthony's stature, reputation, and experience on our Board. This raises the number of outside independent members of TurboChef's Board of Directors to five out of seven members, and is part of our effort to raise the standards of our corporate governance through the use of outside directors. We have endeavored to add individuals to our Board who can bring value with their experience in specific areas on which TurboChef intends to focus." TurboChef also announced that on November 24, 2003, it entered into an amendment to its Stockholders' Agreement with OvenWorks, LLLP, Jeffrey B. Bogatin and Donald J. Gogel pursuant to which, among other things, Mr. Bogatin gave up his right to nominate and elect one member of TurboChef's Board of Directors, and TurboChef consented to certain sales of TurboChef stock by Mr. Bogatin. About TurboChef TurboChef is engaged primarily in designing, developing and marketing its proprietary rapid cook technologies. TurboChef's proprietary rapid cook ovens, which require no ventilation, employ a combination of high speed forced air and microwave energy to "cook to order" a variety of food products at faster speeds and to quality standards comparable, and in many instances superior to, other conventional commercial and residential ovens currently available. With its superior technology and new management team, TurboChef seeks to become the world leader in rapid cook technologies. "Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to new management becoming familiar with the Company's business, the uncertainty of market acceptance and demand for the Company's products, the ability to obtain additional financing necessary to continue operations, the uncertainty of consumer acceptance of new products or technologies that may be offered by TurboChef, relationships with and dependence on third-party equipment manufacturers and suppliers, impact of competitive products and pricing and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "expect," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statement was made. TurboChef Technologies, Inc. undertakes no obligation to update any forward-looking statements contained in this news release. DATASOURCE: TurboChef Technologies, Inc. CONTACT: James A. Cochran, Chief Financial Officer of TurboChef Technologies, Inc., +1-678-742-5943

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