Noro-Moseley Expands Team with Addition of Greg Foster

Firm enhances digital media investment focus
ATLANTA--(Business Wire)--
Noro-Moseley Partners, ("NMP"), a leading regional venture capital
fund, announced today the addition of Greg Foster to its investment
team. Greg will strengthen the firm's focus in technology investments,
with a specific emphasis on opportunities in digital media. Already,
one of the five investments NMP has made from its new fund, NMP VI LP,
is in the digital media space.

"Greg's specific expertise in digital media, as well as his
experience as a technology entrepreneur, will enhance our ability to
aggressively pursue opportunities in both of these dynamic areas,"
said NMP Managing Partner Mike Elliott. "Greg will be a valuable
addition to our team, and we are excited to have him onboard."

Foster added that, in addition to the rapid growth the region has
experienced in technology investing, advancements in digital media
have made the space very attractive for entrepreneurs and venture
investors alike. "I am excited about joining the NMP team and look
forward to working with entrepreneurs in building high-growth
companies here in the region," Foster said.

Most recently, Foster was Vice-President of Corporate Development
for Turner Broadcasting, where he was responsible for Turner New Media
Investments, the company's early stage strategic investment arm, as
well as M & A activities. Foster joined Turner after it acquired his
company, Southern Direct, a business focused on building branded
e-commerce extensions to linear cable channels. In addition to
founding Southern Direct, Foster has been a member of the management
team of two other start-ups, serving as SVP of Corporate Development
at iXL and VP of Business and Corporate Development at Silverpop
Systems.

Foster began his career as a consultant at Deloitte Consulting,
where his efforts were focused on building internet strategies for
clients including Prudential Insurance, Sonoco Products and the New
York City Transit Authority. He holds a Bachelors Degree in Mechanical
Engineering from Georgia Tech, where he was a President's Scholar, and
an MBA from Harvard Business School.

Established in 1983, Noro-Moseley Partners is one of the oldest
and largest venture funds in the region, having raised over $600
million and invested in more than 160 companies. The Firm recently
held a first closing on its sixth fund and is aggressively pursuing
new investment opportunities throughout the region. For information,
visit www.noro-moseley.com.

Noro-Moseley Partners
Mike Elliott
404-233-1966 ext 228
melliott@noro-moseley.com

Copyright Business Wire 2008