FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 18, 2002 (date of earliest event reported July 15,2002) Commission File Number: 0-11596 ExperTelligence, Inc. (Exact name of registrant as specified in its charter) California 95-3506403 (State or Other Jurisdiction of (I.R.S. Employer Incorporation) Identification No.) 25 East Ortega Street, Santa Barbara, California 93010 (Address of principal executive offices and zip code) Registrant's telephone number: (805) 962-2558 Item 5 - OTHER EVENTS On July 18, 2002, Expertelligence (the "Company") hired William P. Urschel as CEO of the Company. A copy of the News Release, which is hereby incorporated by reference in this Current Report on Form 8- K, is attached hereto as Exhibit 99. Item 7 - FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. The following Exhibit is filed as part of this report: Exhibit No. 99 Description News Release dated July 18, 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: July 18, 2002 ExperTelligence, Inc. By: /s/ Denison Bollay Name: Denison Bollay Title: Chairman EXHIBIT INDEX Exhibit No. Under Reg. S-K Item 601 99 Form 8-K Exhibit No. 99 Description of Exhibit News Release dated July 18, 2002 EXHIBIT NO . 99 News Release dated July 18, 2002 ExperTelligence Appoints New CEO SANTA BARBARA, Calif., July 18, 2002 -- ExperTelligence, Inc. (OTC: EXGP) announced today that it has appointed William Urschel as the company's new chief executive officer and a member of the board of directors. Denison Bollay, founder and chairman, remains as president and chief technology officer. The company develops infrastructure technology and programming tools for the Internet. "Mr. Urschel has a strong background building teams, building alliances, and taking new products to market," said Mr. Bollay, "which is exactly what we need right now." Mr. Bollay said the company is preparing to launch a major new product it calls Advertising Commerce NetworkT. Company sources say that in mid-April, 2002, Mr. Urschel had entered into a binding letter of intent to acquire ExperClick.com, Inc., the wholly-owned subsidiary of ExperTelligence that created that product, but both he and company later realized there was more value in combining forces. "ExperTelligence owns some truly remarkable technology - and it has the patents to back it up," said Mr. Urschel. "My job is to turn that technology into products and make it pay for our shareholders." Mr. Urschel, 46, has founded and run several successful companies, all located in Santa Barbara. In 2000 he started The Narrative Press, Inc., a digitally-based book publishing company with 78 titles. He recently turned over day-to- day management of that company to a new president so that he could join ExperTelligence full time. In 1998 and 1999, as the principal of InterQuest Partners, Mr. Urschel provided licensing and asset sale consulting services to small software companies. Clients included companies that produced medical, manufacturing, entertainment, and user-interface software. In 1994 he founded Alliance Manufacturing Software, Inc., which quickly became a leading publisher of MRP/ERP software to small and mid- sized manufacturers. The company opened subsidiaries in England and Australia in 1997, and built an extensive dealer network in the United States and the United Kingdom. That company was sold to Kewill Systems in May, 2001. In 1986 Mr. Urschel founded Arc Tangent, Inc., which published the first sophisticated mailing list management and list processing software for the IBM PC and compatibles. He sold that company to Group 1 Software (Nasdaq: GSOF) in 1992. In the early and mid-1980's Mr. Urschel produced several software products for other publishers, including several versions of stock market analysis and portfolio management software for Hayden Book Company, and Ready-to-Run Accounting, which may have been the first low-priced accounting package for the IBM PC and compatibles, for Alfred Publishing (later Manusoft). Mr. Urschel has also written two computer books and over 40 magazine articles on computer-related subjects. ExperTelligence Inc., founded by Mr. Bollay in 1984, has operated as a technology incubator, creating over 15 separate products with 7 patents granted or pending. The company has approximately 2.7 million shares outstanding, and is traded over the counter. ExperTelligence, Inc. 25 E. Ortega Street Santa Barbara, CA 93101. Tel: (805) 962-2558. Fax: (805) 962-5188. Web: www.expertelligence.com ###