Press Releases

PITTSBURGH--(BUSINESS WIRE)-- Greycourt & Co., Inc. is pleased to announce the promotion of Eric Haskel to Managing Director. Based in Greycourt's Portland, Oregon office, Eric is a client advisor and oversees the firm's real estate investment strategies. In his new role, Eric's expanded responsibilities will also include developing new business for the firm. Before joining Greycourt, Eric was a Portfolio Manager at Avalon Capital Group, a single family office in southern California, and was responsible for the office's investments in real estate and private equity. Greycourt is an open architecture wealth advisory firm headquartered in Pittsburgh, Pennsylvania.

    Source: Greycourt & Co., Inc.

With Wide Acceptance of its Cloud Computing Risk Management Software Solutions, Riskonnect Continues Hiring Rapidly

MARIETTA, Ga.--(BUSINESS WIRE)-- Independent risk management software company Riskonnect, Inc. announced today the appointment of Meredith Randall to Director of Product Management. With wide acceptance of its cloud computing risk management software solutions, the company continues its rapid hiring of world-class risk management veterans.

"Meredith is one of the top RMIS professionals in the risk management industry and an example of the best-of-breed talent Riskonnect is attracting," said Bob Morrell, Chief Executive Officer of Riskonnect. "With more than 20 years experience in the risk management industry, Meredith will have incredible influence over many facets of the organization. Making this investment now is indicative of our commitment to ensure that all our products continue to be planned carefully and work together on a single, enterprise-class platform."

"Riskonnect's cloud computing model is a perfect fit for the risk management industry," said Randall. "It gives you proven reliability in a cost effective way, and it grows with your organization. Traditional risk management vendors have a huge investment just to cover the infrastructure, which is very cost ineffective for managing their business. The technology at Riskonnect is very exciting, and enables us to invest more in people and services."

"I am also very excited to be on the front lines and face to face with clients again," continued Randall. "The product management role is not insulated. It is structured so that I have very close interaction with clients, as well as with our professional services team. Another terrific advantage, and another reason I came to Riskonnect, is the fact that Riskonnect is independently owned. Not only is the management team very strong, with a proven leader, but the team can set its own agenda and execute to that agenda quickly while adapting to client needs in an entrepreneurial fashion."

Randall has more than 25 years of experience in the RMIS industry building and delivering technology to lower client overall costs of risk. She comes to Riskonnect after 27 years at Crawford & Company/Risk Sciences Group. (Risk Sciences Group is a wholly owned subsidiary of Crawford & Company.) As Director of Product Development and Support, she was responsible for a multi-million dollar annual budget for the RSG infrastructure including the network, in-house web-enabled, application and database servers, as well as security and SAS 70 audits. She was also responsible for design, development and support of the RSG Sigma Encore risk management information system serving hundreds of client customers. Randall also held positions as diverse as account manager, director of technical operations and branch manager.

With a strong actuarial background, Randall was also responsible for multi-client data integration from external sources such as insurers and TPAs. She brings this expertise and attentiveness to the quality of risk management data to her role at Riskonnect.

Months shy of its three-year anniversary, Riskonnect's growing suite of risk management software products have been widely accepted by global name brand clients. The demand for its products and services, including Riskonnect ERM (Enterprise Risk Management), Riskonnect Incident Management and Riskonnect RMIS (Risk Management Information System), has created the need to recruit new staff across many departments. Numerous positions are available at all levels, but, according to Riskonnect CEO, Bob Morrell, "Only the best should apply." Professionals wanting to be a part of this elite team should contact Riskonnect immediately.

About Riskonnect, Inc.

Riskonnect, Inc. is an innovator in risk management, enhancing the maturity and sophistication of ERM (enterprise risk management) and the performance and scalability of RMIS (risk management information systems) worldwide. As an independent provider of comprehensive software solutions for organizations that need to understand risks from all perspectives, Riskonnect(R) empowers executives to make forward-looking decisions based on real-time, enterprise-wide, comprehensive risk information. The company develops and markets a growing suite of risk management technology solutions including Riskonnect(R) ERM, Riskonnect(R) RMIS and Riskonnect(R) Incident Management. Riskonnect applications are built on the most scalable, reliable, and secure platform available. For more information about Riskonnect, contact us at www.riskonnect.com, email to info@riskonnect.com or call 770-790-4700.

    Source: Riskonnect, Inc.

BOSTON, MA -- (MARKET WIRE) -- 02/09/10 -- Velocity Financial Group, Inc. announced today the close of a $2.5MM venture debt facility to FolioDynamix, a leading provider of technology infrastructure solutions for the wealth management industry. FolioDynamix is headquartered in New York, N.Y., and is backed by Edison Ventures.

FolioDynamix is the developer of the FDx platform, a configurable application suite that seamlessly integrates with or upgrades legacy enterprise systems at wealth management firms. The FDx solution streamlines the entire life cycle of account management, including prospecting, account opening, rebalancing, and performance reporting. FolioDynamix is also uniquely positioned to provide the content and investment services needed for a firm to run highly scalable and customizable fee-based managed account programs such as Rep-as-Advisor, Rep-as-Manager, Mutual Fund Advisory and Unified Managed Accounts (UMA). With over 115 relationships with UMA model-only managers and a platform that reaches over 15,000 advisors daily, FolioDynamix is one of the Top 10 Managed Accounts Sponsors in the industry according to Cerulli Associates.

"FolioDynamix has developed a platform that solves acute infrastructure pain points for investment firms," said Joe Spinelli, Vice President of Velocity. "As clients and government agencies continue to demand increased reporting and transparency, we see a tremendous opportunity for FolioDynamix to expand its leadership position in the wealth servicing industry."

"Velocity has been great to work with, spending the time it takes to understand our firm, our strategy, and our short and long-term capital needs," said Joseph Mrak, President and CEO of FolioDynamix. "Velocity has created a flexible facility that allows us to continue to grow at a rapid pace. We are very excited to have partnered with Velocity on this latest round of financing and look forward to a long relationship."

About Velocity Financial Group: Velocity Financial Group, Inc. (VFG) is a specialty finance company formed to serve middle-market and venture-backed companies. VFG's Ventures division is dedicated to helping entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, VFG's Ventures Group has built a broad portfolio consisting of technology, life sciences and clean energy companies. Clients range from pre-revenue companies with dedicated entrepreneurs to late stage, proven businesses seeking more efficient growth capital. VFG is backed by a diverse group of global financial institutions. For more information, please visit www.velocityfg.com.

About FolioDynamix: Headquartered in New York, NY, privately-held FolioDynamix is changing the way sponsors, managers, and advisors in wealth management efficiently and productively conduct business. With its FDx wealth servicing platform and FDx Advisors investment and advisory service, FolioDynamix offers a seamless, scalable solution for any fee-based wealth management product. Providing daily oversight of more than $3.8MM accounts, FolioDynamix is recognized as the industry's leader in wealth servicing innovation, platform technology modernization, and as the singular provider of a bundled or unbundled turn-key asset management program (TAMP). For more information on FolioDynamix, please visit www.foliodynamix.com.

Contact:
Leah Toussaint
Velocity Financial Group
781-486-6600
Email Contact

IMOLA, ITALY and NEW YORK, NY and DALLAS, TX -- (MARKET WIRE) -- 02/09/10 -- VENTA proudly announced today that they have formally entered into a partnership with Verdek-EV to be the exclusive distributor in the United States for the Italian-manufactured Tazzari ZERO, a radical neighborhood electric vehicle (NEV) powered by state-of-the-art lithium-ion batteries that provide a range of 88 miles on a single charge.

Developed from the same pedigree as the Ferrari, Lamborghini and Maserati, the Tazzari ZERO promises to be a vehicle without comparison, from the moment you enter the highly styled cockpit of the ZERO the driver is delivered into a world of the latest technology, uncompromising Italian fit and finish, and enhanced ergonomic design. At the time of print the demand for the Tazzari ZERO has been overwhelming.

By signing the agreement with Verdek-EV, Venta remains committed to maintaining its leadership position in finding and developing distribution in US for some of the world's most environmentally-friendly vehicles.

Dmitri Tisnoi, CEO of VENTA Inc, stated, "Clearly, the desire for the American consumer to think and drive in an ecologically friendly manner is stronger then ever, the combination of a highly stylish Italian Roadster powered by a Zero emission system is a combination hard to ignore. The time for the electric transportation has come and we are poised to provide the vehicle set to change the way people think of the electric cars. I am proud to be at the helm of the company that is introducing this revolutionary vehicle."

VERDEK:

VERDEK-EV has an agreement to be the exclusive importer for the Italian-manufactured Tazzari in North America, Mexico and the Caribbean islands. ZERO is a neighborhood electric vehicle (NEV) recharging at a cost of $1.30, optimally suited to satisfy much of the local transportation demands. The Tazzari ZERO is not another "Made in China" vehicle the Tazzari Group has designed and manufactured an innovative, stylish and upscale micro-car for the environmentally concerned urban enthusiast. Tazzari believes that "Made in Italy" will stand for "Best in Class" in the EV market as well. "We are very pleased of our alliance with Venta to promote Tazzari ZERO in the US, the most important market in the World. ZERO is the perfect transportation solution in very congested urban areas," says Guy Mannino, CEO of Verdek.

The sporty, aluminum-bodied Tazzari ZERO delivers zero emissions and features removable sunroof, heating and air conditioning, stereo radio with MP3 and CD player, 15" custom colored wheels, 4 performance disc brakes, fog lamps, leather steering wheel and seats, parking sensors and even cup holders. The micro-car has a payload of 430 pounds and has a luggage capacity of nearly six cu. ft. Using state-of-the-art lithium-ion batteries fairly unique to NEVs, the batteries have an estimated life of 50,000 miles and can be recharged in 9 hours (110 volts), 6.5 hours (220 volts) or 50 minutes (at 80% of the full charge) with optional Super-fast battery charger.

About VENTA Inc.

VENTA INC. (www.ventainc.com ) is dedicated to find, develop, and distribute environmentally friendly products and technologies in automotive arena from all over the world to a network of car dealerships and other automotive end users. The company aims to establish its brand presence as the mass distributor of top-selling Electric Vehicles (EVs) in the marketplace available today.

ABOUT VERDEK-EV

VERDEK-EV (www.VERDEK-EV.com) promotes EVs and Charging Station Infrastructure to support the growth of an alternative and sustainable transportation system in North America.

Forward-Looking Statement

This release contains forward-looking statements that reflect VENTA Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

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Media Contact:
Richard Griffiths
1-800-925-0577

Investor relations:
Dmitri Tisnoi
CEO
Email Contact
1-800-553-0809