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Press Release

FOR IMMEDIATE RELEASE

July 28, 2004

MEDIA CONTACTS:
Leslie Brewer
Early Stage East
302-777-2460
[email protected]

EARLY STAGE EAST ANNOUNCES THIRD ANNUAL BIO-LIFE-TECH CONFERENCE

Wilmington, Delaware – Early Stage East has announced that their Bio-Life-Tech Conference will return to Baltimore, Maryland on October 12th and 13th. Early Stage East has been producing Venture Capital Conferences for early stage companies for seven years.

“Early Stage East’s past Bio-Life-Tech events in Baltimore have been so well-received and successful that we are excited about returning to Baltimore for our 2004 event,” said David Freschman, founder of Early Stage East, and President of the Delaware Innovation Fund. “We know we will be able to build on our successes with past Bio-Life-Tech Conferences in Baltimore to have the best Conference yet this year.”

This year's Bio-Life-Tech Conference will showcase up to thirty breakaway companies presenting and exhibiting their high-growth entrepreneurial investment opportunities to investors who specialize in the early-stage financing of companies from the biotechnology, nanotechnology, life science, and pharmaceutical industries and the related fields.

The Bio-Life-Tech Conference is a two-day event designed specifically for companies from the biotechnology, nanotechnology, life science, and pharmaceutical industries and the related fields that are seeking their first through second rounds of institutional venture capital funding. Participating companies will have eight minutes each to present their investment opportunities to the audience of venture capitalist and investors in attendance. The companies will also have the opportunity to exhibit their unique, break-away businesses in the exhibit hall throughout the event. Additionally, each participating company will take part in the interactive entrepreneurial Educational Workshop: Building a Great Business, which will provide the entrepreneurs with valuable information about running and growing their businesses.

The Bio-Life-Tech Conference builds upon the success of Early Stage East's all-industry venture conferences, which draw over 600 attendees annually. Early Stage East events attract companies and investors from the Carolinas through New England. The Bio-Life-Tech Conference is bringing the features of Early Stage East's other venture capital conferences to this new event.

The sponsors of Early Stage East include: Host Sponsor AstraZeneca; VIP Segment and Premium Sponsors the American Stock Exchange, Ballard Spahr Andrews & Ingersoll, LLP, Delaware Valley Financial Group, Ernst & Young, Legg Mason Wood Walker, Inc., the Maryland TEDCO, Pepper Hamilton LLP, Piper Rudnick LLP, PricewaterhouseCoopers, the Principal Financial Group, Wilmer Cutler Pickering Hale and Dorr LLP, and Wolf, Block, Schorr and Solis-Cohen LLP; Overall, Exhibit Booth and Contributing Sponsors the Delaware Innovation Fund, McBride, Shopa & Company, P.A., McCarter & English, and the University City Science Center.

”This is a great opportunity for new and early stage companies in the bio space to meet with active investors and business leaders from all over the East Coast,” said Leslie Brewer, Executive Director of Early Stage East. “The venture capitalists, angel investors, and pharmaceutical companies who attend this event are specifically focused on early stage companies, resulting in a highly productive meeting venue for both new companies and investors”.

A new website has been developed for this Conference (www.biolifetech.org), and provides information on the Conference, sponsorship opportunities and registration.

Registrations for the event are now being accepted. For more information on attending or sponsoring Early Stage East's Bio-Life-Tech Conference, call 302-777-2460 or visit www.biolifetech.org.

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.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts are "forward-looking statements," including statements concerning Early Stage East's revenue, and growth, and the statements made by the Vice Chairman during this presentation and the assumptions underlying such statements. Early Stage East disclaims any obligation to update such statements. Actual events or results may differ materially as a result of risks facing Early Stage East or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, Early Stage East's ability to continue as a going concern, to continue to service and support its customers, to successfully market its services to current and new customers, to respond to competition, to develop and maintain strategic relationships, to manage growth, to receive timely payment from customers, at reasonable costs and on satisfactory terms and conditions, as well as regulatory, legislative, and judicial developments.

 
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