Millennium Technology Value Partners Announces New Investments in Best-of-Breed Technology...

Millennium Technology Value Partners Announces New Investments in
Best-of-Breed Technology Companies

- Facebook, Zappos, eHarmony, LiveOps, DataPipe, Fonality, and Rearden
Commerce are among New Portfolio Companies

- "Secondary Market is Open for Business, Even in the Midst of the Financial
Crisis"

NEW YORK, April 22 /PRNewswire/ -- Millennium Technology Value Partners, L.P.,
a private equity fund specializing in providing liquidity solutions to holders
of illiquid private company securities, announced today that it had recently
added investments in 9 new companies to its portfolio. Millennium now has
invested in 26 best-of-breed technology and high-growth companies through its
fund, Millennium Technology Value Partners, L.P., which held its final close
three years ago. Among the new portfolio companies are Facebook, the world's
leading social media company, Zappos, one of the world's leading e-commerce
companies, eHarmony, the #1 trusted relationship site, LiveOps, the leader in
on-demand contact center solutions, Fonality, a leader in open source business
phone systems, DataPipe, a leading data center and managed services company
with a worldwide presence, and Rearden Commerce, the creator of an innovative
online personal assistant.

"Even in the midst of the worst financial crisis in modern times, the
secondary market is open for business and Millennium continues to be able to
provide liquidity to investors in high quality private companies," observed
Samuel L. Schwerin, Managing Partner of Millennium. Schwerin added, "We are
seeing a substantial increase in volume and scope of activity in the secondary
market. We are partnering with founders of companies, CEOs, venture capital
and private equity funds, hedge funds, lenders, commercial banks, investment
banks, Fortune 500 operating companies, microcap public companies, and
bankruptcy constituents to provide creative, flexible liquidity solutions."

Added Max Chee, a Principal with Millennium: "With the IPO window still shut,
we have become one of the leading alternative sources of liquidity for
companies, investors, entrepreneurs, and management teams."

Daniel L. Burstein, Managing Partner, noted: "We believe we can make
attractive investments right now in private technology companies that are
well-established leaders in their fields. Our 2008 liquidity events, including
the IPO of ArcSight and the sales of Wayport and Axsun, are indicative of our
approach to investing in best-of-breed companies that maintain significant
value and can experience successful exits even in a very difficult market."

Millennium was an investor in Wayport, which was acquired by AT&T in a cash
transaction valued at approximately $300 million in December 2008. Millennium
invested in Wayport over a two-year period beginning in 2006 through employee
and shareholder liquidity transactions. Axsun Technologies, another Millennium
portfolio company, was also acquired last December by Volcano. Wayport and
Axsun were Millennium Technology Value Partners ninth and tenth realizations
and third and fourth M&A exits, following the sale of Tellme to Microsoft and
First Virtual Communications to RADVISION. With the inclusion of two IPOs --
Airvana in 2007 and ArcSight in 2008 -- and a variety of other partial
realizations, Millennium has experienced full or partial realizations in 10
out of 26 of its portfolio companies.

Burstein and Schwerin are scheduled to appear at DealFlow Media's Private
Equity Secondaries Conference in New York on April 24. For more information:
http://www.dealflowmedia.com/conferences/si_conference_09.cfm

Millennium's Managing Partners have authored a white paper on the future of
the direct secondary market for venture capital assets. The paper was
published by Preferred Returns, the newsletter of the American Bar
Association's Committee on Venture Capital and Private Equity.

It is available on request: info@MTVLP.com

For more information about Millennium visit www.MTVLP.com.

SOURCE Millennium Technology Value Partners, L.P.

Samuel L. Schwerin, Managing Partner, or Daniel L. Burstein, Managing Partner,
both of Millennium Technology Value Partners, L.P., +1-646-521-7800,
info@MTVLP.com