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Press Release

FOR IMMEDIATE RELEASE

April 16, 2004

MEDIA CONTACTS:
Nancy Carig
Dana Kaess
Early Stage East
302-777-2460
[email protected]

WALTER S. MOSSBERG, WALL STREET JOUNAL COLUMNIST, TO PROVIDE KEYNOTE ADDRESS AT EARLY STAGE EAST 2004

Wilmington, Delaware � Early Stage East has announced that Walter S. Mossberg, author and creator of the weekly Personal Technology column in The Wall Street Journal, will provide the Keynote Address at the Early Stage East 2004 venture capital conference, to be held in Wilmington on May 10th and 11th. Early Stage East has been producing Venture Capital Conferences for early stage companies for seven years.

Newsweek magazine calls Mr. Mossberg "the most powerful arbiter of consumer tastes in the computer world today." Time magazine calls him "the most influential computer journalist." The Washington Post declared Mr. Mossberg "one of the most powerful men in the high-tech world" and "a one-man media empire whose prose can launch a new product." And the New York Times calls him a "protean critic of the new economy's tools and toys."

On television, Mr. Mossberg is a regular technology commentator for the CNBC network. Mr. Mossberg has been a reporter and editor at the Journal since 1970. He is based in the Journal's Washington D.C., office, where he spent 18 years covering national and international affairs before turning his attention to technology.

Walter S. Mossberg is the author and creator of the weekly Personal Technology column in The Wall Street Journal, which has appeared every Thursday since 1991. He is also a contributing editor of Smart Money, the Journal's monthly magazine, where he writes a column called The Mossberg Report.

The Early Stage East 2004 venture conference will feature 30 companies seeking their early rounds of institutional funding. The Early Stage East Conference is a two-day event. On Monday, May 10th, the entrepreneurs presenting at the Conference will participate in Early Stage East�s entrepreneurial education session, �Building a Great Business.� That evening, all attendees will gather at the Hotel duPont�s Gold Ballroom for the Opening VIP Reception and later, at the Post Reception Gathering at Deep Blue Bar and Grill.

On Tuesday, May 11th, the 30 companies will present their break-away businesses to an audience of investors which typically represent over $10 billion of institutional funding at the Bank One Center on the Riverfront. The companies will also exhibit their investment opportunities in the exhibit hall at the event.

Over 500 attendees visit the Early Stage East Conference every year in Wilmington. Attendees come from the Carolinas through New England, making Early Stage East the geographically largest venture conference developed specifically for early stage companies.

To date, the companies that have participated in Early Stage East venture capital conferences have gone on to raise over $550 million in institutional business funding. Companies that wish to sponsor Early Stage East 2004 can contact the Early Stage East office at 302-777-2460 or [email protected].

Early Stage East will also be holding the Bio-Life-Tech Conference in Baltimore, Maryland on October 12th and 13th. The Bio-Life-Tech Conference will feature over 30 innovative companies seeking institutional venture capital. These select companies will come from the biotechnology, nanotechnology, life science, and pharmaceutical industries and the related fields. Bio-Life-Tech attracts companies to present and exhibit their unique, break-away businesses to investors who specialize in the early-stage financing of companies in their specific industries.

More About Walter S. Mossberg

Mr. Mossberg was awarded the 1999 Loeb award for Commentary, the only technology writer to be so honored. For seven years in a row, 1995-2001, he was named as the most influential journalist writing about computers, in the annual ranking published by Technology Marketing magazine.

In May of 2001, he received an honorary Doctorate of Laws from the University of Rhode Island. That same month, he was awarded a 2001 National Headliner Award. In 2002, he won the World Technology Award for Media and Journalism and was inducted into the ranks of the Business News Luminaries, the hall of fame for business journalists.

A native of Warwick, Rhode Island, he graduated from Brandeis University and the Columbia University Graduate School of Journalism.

About Early Stage East

Early Stage East's mission is to serve as a gathering place for entrepreneurs and those organizations funding and servicing them in order to enable them to grow and succeed. Early Stage East (ESE) was founded in 1998 as a nonprofit organization and has grown from a single-day venture capital conference to a year-round series of events. ESE events develop entrepreneurs from up and down the East Coast in order for them to successfully obtain venture capital and successfully start break-away businesses.

Early Stage East provides both education and networking opportunities for entrepreneurs, venture capitalists, investors and service providers. For more information on Early Stage East, call 302-777-2460 or visit www.earlystageeast.org.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current plans and expectations of Early Stage East(ESE) and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. ESE assumes no obligation to update any forward-looking statement. The use of the Hotel duPont by ESE does not imply endorsement of any ESE event nor ESE sponsoring organizations by the Hotel duPont.

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