Corporate Factors

Aberdeen Gould has a proven track record as a specialized investment bank that provides exclusive advisory services, primarily to mid-sized businesses. Our experienced team of professionals work hands on with each client to develop customized solutions designed to achieve their objectives. We offer a full spectrum of services and have completed numerous transactions, valuations and other advisory assignments across a wide range of industries. Clients seeking to raise capital rely on our corporate finance services, including equity, debt and mezzanine capital for leveraged transactions. Established relationships with U.S. and Canadian private equity groups further enhance our investment banking capabilities. These equity groups have significant assets under management and are capable of completing transactions in excess of $100 million. Aberdeen Gould is an independent Canadian firm with experience in cross border and international assignments. Based in Toronto and with a regional presence in Montreal, we are part of a worldwide network of 5,000 associated professionals throughout Canada, the United States and Europe. More than ever, today's business environment is uncertain and constantly changing. Aberdeen Gould's experienced team of investment banking professionals are dedicated to helping clients identify the best alternatives and capitalize on available opportunities.

La Caisse de dépôt et placement du Québec est un des plus grands investisseurs institutionnels au Canada. Elle investit les fonds de ses clients, les déposants, et cherche à les faire fructifier en utilisant toute une gamme de produits financiers. Ces investissements sont réalisés par des équipes composées de gestionnaires de portefeuille et d’analystes financiers. Elles sont appuyées par d’autres spécialistes de la finance, dont des négociateurs, des économistes, des actuaires, des comptables et des avocats. Elles investissent les actifs sous gestion selon des objectifs de rendement et des limites de risque établis par chaque déposant. Les déposants sont en majorité des caisses de retraite et des régimes d'assurance publics et privés québécois. Ils déposent à la Caisse des sommes qu’ils administrent pour leurs cotisants. Ce sont les déposants qui assurent la gestion des programmes et des engagements auprès de leurs cotisants (employés, retraités, bénéficiaires, etc.) et qui leur versent directement rentes et prestations. La Caisse est un gestionnaire de fonds. Elle n’administre aucun régime de retraite ni d’assurance.

Aprilis Ventures is the venture capital company of angel investor Jesse Rasch. Aprilis invests in seed- and early-stage technology companies and finances its own idea development. Investments in later-stage companies are made on a select basis.

Advantage is a venture capital corporation that invests in early-stage life science, technology and clean tech companies located in British Columbia. Our investors receive a 30% refundable tax credit from the BC Government on investments of up to $200,000 per year and the ability to redeem their shares at their net asset value five years after we invest their funds into eligible small businesses. Advantage is the largest venture capital corporation in British Columbia. In 2006, we received the Canadian Venture Capital Association 'Deal of the Year' Award for achieving the highest realized return on a single investment (23.4X return on our investment in Aspreva Pharmaceuticals) of any venture capital firm in Canada. Furthermore, over the last five years, our Advantage Life Science Fund I has provided the highest returns of any retail fund in Canada. We currently have over $75,000,000 under management and the BC government has provided us with an annual $20,000,000 tax credit allocation. To date, we have sold out our entire tax credit allocation in every year since our inception prior to the end of the RRSP season.

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 companies involved in the areas of Life Sciences, Telecommunications, Information Technology and Energy, Environment, Electronic & Materials (EEEM). Building success stories Our selection criteria Fund Investments Technology Seed Investments

Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified financial services organization. With total assets of more than CAN$366.5 billion / US$388 billion as of October 31, 2007, and 35,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. Bank of Montreal, Canada's first chartered bank, opened for business on November 3, 1817. It provided Canada's first sound and plentiful currency and has played a major and continuing role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The Bank took part in the creation of Canadian Confederation in 1867, and served as Canada's central bank until 1935. The first Canadian bank to open branches abroad, it has long been active in markets in Europe, Latin America, and East Asia as well as in the United States. Today it continues as one of Canada's pre-eminent financial institutions and a significant presence in United States and world markets. We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®, one of Canada’s leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division. In the United States, clients are served through Harris, a major U.S. Midwest financial services organization with a network of community banks in the Chicago area and wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division. We help our customers manage their financial affairs by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.

Brightspark has established itself as Canada's leading early-stage software venture fund. Brightspark works closely with entrepreneurs to develop and build market-leading software companies. Our innovative investment approach allows us to capitalize on our many years of entrepreneurial, investment and operational experience, in order to actively help early-stage companies through their development and growth phase. Our investments in startups range from the "product concept" stage where we work with domain experts looking to commercialize an idea or technology, to working with experienced entrepreneurs looking to scale their existing business. Brightspark's team brings years of investment and technology expertise in creating and operating software companies in the areas of application and infrastructure software, enterprise software and communications software. Our experience allows us to work closely with entrepreneurs to identify emerging technologies and solutions that address large market opportunities. Our goal is to proactively engage young companies to help them accelerate growth and market leadership. Brightspark plays an active role in its portfolio companies. Our involvement includes fundraising, strategic involvement through board participation and guidance on operational planning including product development, sales, business development, and recruitment. Entrepreneurs choose Brightspark because of our proven and structured approach to transforming ideas into successful ventures. With offices in Toronto and Montreal, Canada, Brightspark is backed by leading institutional investors who share our proven approach to early-stage software investing. Brightspark Philosophy At Brightspark, our philosophy has always been to work with software companies that address emerging markets or business critical issues with unique intellectual property. These "must-have" solutions allow our companies to gain early customer access while building a defensible position in the market. In order to capitalize on these opportunities, we believe that young companies must exclusively focus their early stage phase on value-creating activities such as building superior technology and gaining important customer feedback. Since most startups lack the necessary resources or know-how to tackle these challenges, our investment model allows us to actively share our experience with entrepreneurs. This approach has provided us with a proven, scalable and repeatable model for company building. The Brightspark Approach Brightspark is comprised of experienced professionals responsible for identifying, evaluating and managing early stage software investment opportunities. We work closely with entrepreneurs during the initial investment phase to complete all due diligence and investment analysis. We often take lead positions in funding rounds in which we participate. We also work closely with other venture capital firms and investors to structure syndicated investments. Brightspark's Network of Venture Advisors is comprised of leading operating professionals who are accessible to entrepreneurs to help grow software startups. These advisors bring expertise in the areas of technology development, product marketing, sales, business development, marketing, operations, human resources, legal and finance.

Celtic House Venture Partners (Celtic House), a recognized leader in Canada's venture capital industry, specializes in early stage investments in high technology companies originating in North America and the United Kingdom and operating in the Communications, Networking and IT Infrastructure market segments. Celtic House comprises five investment professionals who have raised three funds and currently manage over US$500 million in assets.

Established in 1994, Covington Capital is one of Canada’s largest providers of venture capital investment funds. Managing over $400 million in assets, Covington provides Canadians with the ability to access venture capital investment opportunities via their suite of retail venture capital product offerings. Through our retail product offerings, Covington invests in privately held enterprises with the objective of growing the business toward an eventual exit (typically through an initial public offering, merger, or acquisition) seeking to provide a strong return over the initial investment. With an extensive network of industry professionals, strategic partners, and comprehensive strategic and operational expertise, Covington is one of the top choices for entrepreneurs seeking a venture capital partner. With substantial investment experience, Covington’s investment team is comprised of some of Canada’s most experienced venture capital managers. The team has invested in a number of companies through a diverse range of industry sectors including traditional industries, technology, and health care. Covington’s conservative, later-stage focus and successful track record have made them a leader in Canada’s venture capital landscape. Covington is an indirect, wholly owned, affiliate of Affiliated Managers Group Inc. (AMG). Founded in 1993, AMG is a US based asset management company with equity investments in a diverse group of mid-sized investment management firms throughout North America and Europe. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations. AMG’s affiliated investment management firms managed approximately US$ 244 billion in assets as at March 31, 2008. AMG is listed on the New York Stock Exchange under the symbol “AMG”. Covington’s current product offerings include: Covington Fund II, Covington Strategic Capital Fund, New Generation Biotech Equity Fund, and Covington Venture Fund.

Desjardins Group is the largest integrated cooperative financial group in Canada, with overall assets of $144 billion. It comprises a network of financial service cooperatives – caisses and credit unions, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management. We are an integrated cooperative financial group We work for the economic and social well-being of our 5.8 million members, and not just for the enrichment of a select few investors. We protect the interests of our members and clients by offering them profitable and secure financial products and services and prioritize sustainable development. Furthermore, for over 35 years now, we have been providing technical support and investment services in developing countries through our subsidiary, Développement international Desjardins (DID). Why choose Desjardins? The advantages of being a member of a cooperative financial group. Mission, values and priorities We want to contribute to the economic and social well-being or people and communities. How cooperatives work Our members participate in the decisions made by their financial services cooperative and consequently, they contribute to the development of their community. International commitments We help communities in developing countries, provide business people with the opportunity to immigrate to Canada, and promote cooperation on an international level. Our educational role We contribute to the cooperative, economic and financial education of our members and of young people in particular. Desjardins figures At a glance: assets, membership, points of service, community life, and more. Organization chart Desjardins Group organization chart. Board of Directors and committees Biographies of board and committee members. Desjardins Group policies Desjardins policies on ethics, privacy, sponsorships and donations. Desjardins and credit unions: a cooperative approach Desjardins believes in building strategic alliances with other Canadian cooperatives.

Established in 1986, Discovery Capital is one of Canada's most experienced technology venture capital firms. Discovery Capital has enhanced value for over 250 early-stage technology companies by providing proven expertise in strategic planning, management development, innovative financing strategies, corporate governance, and positioning for liquidity. Discovery Capital focuses primarily on the enhancement of B.C.-based technology ventures, in the information technology, communications, health & life sciences, and advanced technologies sectors. In 1993, a series of Discovery Capital-managed venture capital funds were launched. With over $63 million raised incrementally since then, Discovery Capital has grown the funds' market value significantly, realizing gains through several IPOs and sales of Investee Companies. Discovery Capital expects to continue its successful track record in venture capital investment and fund management with its roster of Investee Companies and through the BC Discovery Fund. The market value of Discovery Capital's current venture investment can be viewed in the monthly portfolio summary. Our strength is based on: bullet a well-defined business model focused on the acceleration of technology-driven ventures bullet a strong network, consisting of an Advisory Board and industry contacts bullet a deal flow of over 1000 business plans per year bullet a longstanding presence in the BC technology community

EdgeStone Capital Partners is one of Canada's leading private equity firms with in excess of $2.5 billion of funds committed to date from institutional and high-net-worth clients. EdgeStone provides capital, strategic direction and business and financial advice to help promising mid-market and early-stage companies achieve their full potential. EdgeStone leverages the resources of its broad business network and ensures an alignment of interests to achieve superior returns for all stakeholders. EdgeStone manages three types of private capital funds - Later Stage Equity, Venture Capital and Energy Capital. EdgeStone invests in a variety of carefully selected companies in the middle-market and early stage sectors, offering above average long-term potential. EdgeStone is a member of the GMP Capital Trust group (TSX:GMP.UN).

This early stage private venture capital fund was raised in 1999/2000 to invest in technology companies that could benefit from cross-border relationships of its general partner. The current portfolio includes the following companies: ICEsoft Technologies Inc. ICEsoft Technologies Inc. – Creator of the leading open source AJAX/RIA framework for the Java development community, ICEfaces. Calgary, AB Eveo Inc. Eveo Inc. – The largest provider of on-line video and presentation technologies to the global biotech and pharmaceutical industries. San Francisco, CA Vivonet, Inc. Vivonet, Inc. – Provider of the first hosted, SaaS product for the hospitality Point-of-Sale (POS) market across North America. Vancouver, BC Versawave Inc. Versawave Inc. – Optical modulator designer and manufacturer for the communications and defense markets. Burnaby, BC

GrowthWorks* offers you more: more accountability, more experience and more proven know-how to make the most of your investment. A principled approach to adding value. Over the last 14 years, we've built GrowthWorks into one of Canada's leading venture capital management companies. We've done that by managing funds that rigorously follow core principles: structure strategic investments in growth-oriented companies, value portfolio assets conservatively, build vital industry connections and minimize risk through diversification. It's a simple formula that delivers powerful results. Regional know-how. National Reach. At GrowthWorks, we offer regionally based retail venture capital funds (RVCs) right across Canada. These GrowthWorks managed funds include the Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization Fund, and GrowthWorks Atlantic Venture Fund. We manage funds with a total of over $800 million in assets, with a primary focus on Canada's most promising sectors: information technology, life sciences and advanced manufacturing. Partners in performance. We have specialized teams in each of our core sectors to identify and structure investments in potential winners. These skilled teams also help create success by helping the companies that GrowthWorks managed funds invest in to grow with strategic management support and advice. This way, the companies get guidance from experienced leaders. In turn, the funds’ investors know that these companies receive direction to help them thrive.

Building High-Performance Businesses GTI Capital selects early-stage technology companies that have what is required to grow into high-performance businesses and provides the financing, strategic, and networking support that allows them to realize the full potential of their business vision. Combining Venture Capital and a Unique Expertise As a focused venture capital company, GTI Capital’s mission is to generate above-average returns by providing financing, strategic and networking support to high-performance businesses. With $100 million in capital under management, GTI Capital focuses on early-stage companies evolving in the information technology and telecom sectors. To carefully assess the full potential of a new venture, GTI Capital has put in place a multidisciplinary team whose members combine a solid expertise and in-depth knowledge of the information technology and telecom sectors. Moreover, once the decision to proceed with an investment has been made, this team becomes actively involved and provides the required assistance to the company’s executives aiming at a maximum efficiency in the realization of their business objectives. GTI Capital is a private venture capital company based in Montreal. GTI focuses its investment activities in Eastern Canada high technology hubs: Montreal, Quebec, Ottawa and Toronto.

Hydro-Quebec CapiTech

I.U.GO Ventures

Our founders have been investing together since 1984 and have consistently delivered exceptional investment returns. Our IRR track record ranks in the top quartile of comparable North American funds. Our investment team led by Jack Kiervin, David Folk and Ian Locke shares the vision of building category leaders by nurturing and winning with top entrepreneurial talent. Our latest fund, Jefferson Fund IV, is focused on the areas of Internet technology, application software and services, and telecommunications infrastructure technology.

JLA Ventures invests more than just capital. Like you, we are committed entrepreneurs working hard to transform brilliant ideas into successful, technology-based businesses. Founded in 1996, JLA Ventures leverages its principals’ extensive operational, financial, and technological expertise to provide portfolio companies with the necessary tools to become industry leaders. We partner with highly motivated and talented people to bring world-class, innovative products to rapidly growing markets.

JLA Ventures invests in Internet, digital media, e-commerce, communications security, mobile computing, and enterprise software companies. Portfolio candidates typically possess superior technology, a sustainable competitive advantage, and exceptional growth prospects. Our investments range in size from $500,000 to $10 million, with an initial investment normally being between $2 million and $5 million. As active, multi-stage investors, we provide long-term capital for growth purposes. We do not seek control. Our involvement assumes strong working relationships with management, mutually shared objectives, and a thorough working knowledge of the business. As partners, we work with management to structure and deliver the strategic and financial resources needed to transform vision into reality. More than just money, we commit our time and resources to ensure success. The JLA team represents exceptional value for our venture partners because of our extensive, hands-on, operational experience. New and rapidly expanding technology companies face unique challenges, and we welcome the opportunity to add our knowledge and expertise to the hard work involved in transforming an entrepreneurial enterprise into a dynamic industry leader. We expect to exit from an investment through an initial public offering of shares or an outright sale of the enterprise to third parties. The timing of a realization event will vary based upon a company's performance, industry developments and financial market conditions, all of which we continuously monitor.

Discipline is the cornerstone of everything we do. Our purpose is to maximize value by building successful, sustainable businesses. Our performance has attracted a wide range of international investors, including pension funds, money managers and leading members of the technology and financial services industry. MW invests in rapidly growing technology companies that address large, changing or expanding new markets. We target companies in Information Technology and Communications, as well as the application of these technologies in other industries. This includes Hardware, Software and Energy technology. We succeed by targeting companies with talented management teams with the appetite for building world-class organizations – and the discipline to do it. Be Guided by Experience We are seasoned investors with drive, integrity and a passion for business. Our partners all have extensive senior operational backgrounds in R&D, finance, merchant banking and law, and each has developed a valuable network of accomplished industry leaders. We believe that in the future, as in the past, success will be achieved by combining our hard-won experience with a true global perspective. Plan with Global Vision McLean Watson’s scope of operations extends to the international arena. MW is stage independent, investing in North America and the Far East, in companies from seed to later-stage. Typical deal sizes range between $1 million - $5 million, and up to $15 million over the life of the investment.

We partner with scientists and entrepreneurs to build world leading technology companies. About Primaxis - Who We Are About Primaxis - Sector Focus About Primaxis - Investment Strategy

Founded in 1994, PRIVEQ Capital Funds ("PRIVEQ"), based in Toronto, Canada, manages several private equity portfolios with assets of $85 million. We formed PRIVEQ to respond to the absence of value-added equity in the $3 million to $7 million range. Investing on an equity or quasi-equity basis, we provide "tailor made equity solutions" to profitable growing companies that require expansion, buy-out or buy-in capital. Since its inception, PRIVEQ has become a market leader for private equity in this space. As an equity partner, we not only commit capital utilizing a highly expedited investment approach, but we also provide real value-added assistance post-investment to our portfolio companies. Our assistance and expertise further enhance a company's value which generates superior returns for all stakeholders. PRIVEQ focuses on profitable and growing niche service, distribution and manufacturing companies in Canada and the United States, which are located within 5 hours of travel from Toronto, Canada

Founded in 1995, Propulsion Ventures is a top tier venture capital firm with $200 million under management. Propulsion actively invests in promising early-stage software companies in Canada. Propulsion Ventures, based in Montreal, is one of four of Telesystem venture capital firms that operate worldwide. Telesystem has offices in Montreal, Boston, London and Johannesburg. The founding partners of Propulsion have grown their impressive track record in managing multiple funds into a solid reputation for providing skilled support to entrepreneurs. The Montreal-based firm is widely considered an investor of choice in the Montreal, Ottawa, Toronto and Quebec City markets. In 2005, Propulsion received the "Deal of the Year Award" from the Canadian Venture Capital Association. Talented entrepreneurs will find in Propulsion Ventures a value-added financial partner. We are passionate about identifying quality ventures and business concepts we believe will have a strong impact on their industries. We are also very adept at building and creating value for our portfolio companies by combining our extensive financial and operational resources with active participation in the development of winning business strategies. We possess a broad range of skills, experience and a unique network of U.S., European, Asian and Canadian partners at the operational and venture capital level.

Since 1969, Royal Bank of Canada has been an active private equity technology investor throughout North America. RBC Venture PartnersTM is a dedicated team of investment professionals investing venture capital and growth equity on behalf of Royal Bank of Canada. Our investment activity is focused on the financial services industry through two funds: * Software & Technology Fund (STF) – an early-stage venture fund specializing in financial technology and software for the financial services vertical market; and, * Financial Services Fund (FSF) – a later-stage growth equity fund focused on technology-enabled financial services businesses. We provide more than just equity financing. In addition to providing financial support to investees, we bring the breadth and depth of business and technology expertise of a global financial services player, market leadership and compelling brand recognition that translates into revenue traction for growing companies with convincing business plans. Our strategic and financial value equals competitive advantage for our investees.