The Vallex Fund Formed to Encourage Legal Entrepreneurship

ANDOVER, Mass., Jan. 8, 2008 (PRIME NEWSWIRE) -- The Vallex Fund
(www.VallexFund.com), a wholly owned subsidiary of Vallex Investments, Inc., a
private investment company, announced today its formation as a new investment
fund exclusively targeting the legal services market. The fund's charter is to
encourage entrepreneurship and innovation within the legal profession through
early-round investments in companies targeting the legal sector.

"We believe that there is strong pent-up demand within the legal services market
for more accountability, transparency, productivity, and innovative
competition," commented Ronald Gruner, president of The Vallex Fund. "Our
motivation, of course, is to capitalize on that demand, but to do so by helping
our civil litigation system become more efficient, less expensive and more
broadly available when needed."

Conceptual Basis for the Fund's Formation

The Vallex Fund will encourage entrepreneurs to consider the legal industry as a
major, new opportunity. "Big Law" alone is a $100 billion industry whose clients
are increasingly dissatisfied with the ever increasing costs of legal services.
This is not a new trend. Over the last forty years many studies and surveys have
been conducted chronicling the problems, inefficiencies and even abuses within
the nation's civil law system. Yet many, both inside and outside the legal
profession, believe improvements have been far too slow in coming. A new
approach is needed. As experienced entrepreneurs, the Vallex Fund's management
and investors believe an entrepreneurial approach can help expedite change and
fresh thinking as it has so successfully done in other industries.

The conceptual basis for The Vallex Fund was developed in a white paper, A Call
for Legal Entrepreneurship (http://www.VallexFund.com/download/), which
documents the financial and competitive pressures many observers believe are
adversely affecting the legal profession. By way of possible example of these
issues the paper includes a detailed case study of a multi-million dollar
federal lawsuit, a discussion of the issues surrounding self-regulation within
the profession and concludes with examples of how innovative new companies may
help correct many of the problems identified historically within the legal
literature.

Additional Information

Vallex Investments, Inc. was founded by Ronald Gruner in late 2007. Ron has been
an entrepreneur nearly his entire career. His former company, Shareholder.com,
an early advocate for better shareholder communications, was acquired by The
Nasdaq Stock Market in January, 2006. Additional information on The Vallex Fund
can be obtained via the Internet by visiting: http://www.VallexFund.com.

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CONTACT: The Vallex Fund
Ronald Gruner, President
1-617-584-8354
Ron.Gruner@VallexFund.com