Lingotek Closes Internal Financing Round

SALT LAKE CITY--(Business Wire)--
Lingotek (www.lingotek.com) today announced it has completed a round of internal
financing. The financing included investments from In-Q-Tel, Canopy Ventures and
Flywheel Ventures. This new round of funding positions Lingotek to expand its
product development, marketing and sales activities and other general corporate
activities.

"Lingotek has demonstrated that its innovative Community Translation Platform is
providing a novel solution to overcoming traditional translation barriers," said
Scott Caruso of Flywheel Ventures. "The list of international corporations and
organizations turning to Lingotek is growing and will continue to do so as
Fortune 5000 businesses globally expand their markets and revenue."

The company has recently signed 14 new clients with an integrated software and
translation services offering. In addition, Lingotek is accelerating product
development to more rapidly take advantage of the growing demand for
corporations to leverage their communities to incorporate community translation
as an integral part of their global expansion strategy.

"We look forward to continued success as we work with investors who share our
vision and commitment to enabling greater possibilities with language
translations," said Rob Vandenberg, president and CEO of Lingotek. "Our
Web-based community translation platform exponentially increases the amount of
content that can be translated at a fraction of the current cost-this allows
companies to access to new markets more quickly and more cost-effectively than
ever before."

This is the fourth round of funding for Lingotek since its inception in 2006.
Financial details of the transaction are not disclosed.

About Lingotek

Lingotek is the leading global provider of Collaborative Translation Technology.
Lingotek enables companies and organizations to harness the power of communities
to distribute products and services around the world in each market's localized
language. Lingotek's Collaborative Translation Platform brings machine
translation, translation memories, terminology management together with a social
network to enable the social production of localized content. Lingotek puts you,
in business, everywhere. More information is available at www.Lingotek.com.

About In-Q-Tel

In-Q-Tel is the strategic, not-for-profit investment firm that works to
identify, adapt, and deliver innovative technology solutions to support the
mission of the U.S. Intelligence Community. Launched by the CIA in 1999 as a
private, independent organization, In-Q-Tel's mission is to identify and partner
with companies developing cutting-edge technologies that serve the national
security interests of the United States. Working from an evolving strategic
blueprint defining the Intelligence Community's critical technology needs,
In-Q-Tel engages with entrepreneurs, growth companies, researchers, and
investors to deliver technologies that provide superior capabilities for the CIA
and the larger Intelligence Community. To learn more about In-Q-Tel, visit
www.iqt.org.

About Flywheel Ventures

Flywheel Ventures is a venture capital firm that empowers entrepreneurs to build
globally-competitive businesses based on innovations in information technology
and the physical sciences. Flywheel typically makes the first institutional
investments in companies with origins in the Mountain West region of the United
States. The firm matches talented entrepreneurs and market opportunities with
Flywheel's capital, entrepreneurial experience, and industry relationships to
accelerate innovations into profitable companies. Flywheel is based in Santa Fe
and also has offices in Albuquerque and San Francisco. For more information on
Flywheel, please visit www.flywheelventures.com.

About Canopy Ventures

Canopy Ventures is an early-stage venture capital firm targeting information
technology and life science companies primarily in the state of Utah. Since
Canopy's founding in 1995, the firm has invested in more than 100 high-growth
companies and made a significant contribution to the Utah marketplace. More
information may be found at http://www.canopy.com.

SNG PR
Tim Rush, 801-208-1100
tim.rush@sng.com

Copyright Business Wire 2009