CIT GAP Funds Invests in WorkProducts, Inc.

HERNDON, Va., May 20 /PRNewswire-USNewswire/ -- The Center for Innovative
Technology (CIT) today announced that CIT GAP Funds is investing in
WorkProducts, Inc., a Reston, Va.- based company with a market-leading
evidence lifecycle management (ELM)/litigation compliance product, the
MatterSpace(R) appliance. WorkProducts will use this capital to continue its
customer and alliance partner execution, as well as to fortify its
intellectual property protection.

MatterSpace(R) already counts Global 1000 companies and AmLaw 100 law firms as
customers and partners who utilize the product to manage digital assets in
compliance with the recently amended Federal Rules of Civil Procedure, the
rules that govern the electronic discovery disclosures of companies and their
legal counsel. In a defined marketplace that spends over $4 billion annually
on disparate service offerings, WorkProducts' MatterSpace appliance provides
companies and their legal counsel with an automated, more defensible and more
cost effective enterprise technology that greatly reduces legal spending.

"With growing market demand for MatterSpace(R), receiving this strategic
investment from an organization such as CIT provides our customers and
partners with even more confidence in WorkProducts' execution," said Steve
Lilley, Founder & CEO. "Information metadata asset gathering and management
through our patent-pending technology will continue to provide companies with
sustainable value."

"With MatterSpace, WorkProducts significantly enhances a company's ability to
protect itself through risk mitigation and cost containment," Peter Jobse, CIT
president and CEO said in making the announcement. "The advanced stage and
efficiency of this technology is a strong incentive for customers and partners
to immediately derive value from product deployment."

CIT GAP Funds is a family of venture funds designed to bridge the gap between
"family and friends" funding and early-stage equity investments for
Virginia-based technology and life science companies. CIT GAP Funds invests in
seed-stage firms with a high potential for successful commercialization, rapid
growth and downstream private equity financing.

"Our investment in WorkProducts validates both the technology and the market
opportunity," noted Tom Weithman, CIT GAP Funds managing director. "As the
twenty-seventh investment of our GAP Funds, WorkProducts is certain to add to
the more than $21 million in private equity leveraged thus far for new
Virginia companies."

Summaries of the CIT GAP Funds portfolio companies are available at
http://www.citgapfund.org/portfolio/gapfundI.html.

About the Center for Innovative Technology,www.cit.org
CIT is a nonprofit corporation that accelerates the next generation of
technology and technology companies. CIT creates new technology companies
through capital formation, market development and revenue generation services.
To facilitate national innovation leadership and accelerate the rate of
technology adoption, CIT creates partnerships between innovative technology
startup companies and advanced technology consumers. CIT is now listed on the
GSA MOBIS Schedule, Special Item Numbers (SINs) SIN 874-1 for Consulting
Services and SIN 894-2 for Facilitation Services. Its CAGE Code is 1UP71.

About WorkProducts, Inc.,www.workproducts.com
WorkProducts provides a leading Evidence Lifecycle Management (ELM)/litigation
compliance solution that speeds up matter-specific evidence delivery by a
factor of ten -- with improved quality -- while dramatically reducing the
risks and costs of a corporation's and it's legal counsel's evidence
preservation, review, and delivery. MatterSpace(R) is a patent-pending
information metadata asset gathering and management software application that
enhances existing solutions for multiple technology market segments such as
enterprise content management, storage, archiving, legal matter management,
legal litigation management, and eDiscovery. WorkProducts counts as active
partners, DS3 DataVaulting, Wolters Kluwer, and Infocrossing/a Wipro Company.

SOURCE Center for Innovative Technology

Hap Connors of The Center for Innovative Technology, +1-703-689-3048,
hconnors@cit.org; or Doug Poretz, +1-703-744-7800, dporetz@qorvis.com. for The
Center for Innovative Technology