Southeast Venture Conference 2007

Wuerch and Goodnight to serve as speakers at SEVC

Cary, NC – October 11, 2006 – The Southeast Venture Conference (SEVC) today announces two industry leaders slated to address conference attendees. Ryan K. Wuerch, CEO and Chairman of the Board of Motricity, will serve as a headline speaker at the event. Dr. Jim Goodnight, CEO of SAS, will present opening remarks on January 31, 2007 to kick-off the event.

SEVC will be held January 31-February 1 at The Umstead Hotel and Spa in Cary, NC providing an unparalleled business experience for the southeast venture community.

"We are extraordinarily pleased that Ryan Wuerch and Dr. Goodnight– who are so well respected and industry luminaries – will be featured at SEVC," said Eric Gregg, SEVC Executive Director. "Wuerch believes that passion, focus and execution drive a company from concept to reality. We believe SEVC is bringing together companies and investors who fit within this view."

Under Wuerch's leadership, Motricity has grown into one of the wireless industry's leading and most recognized global mobile technologies and services providers. Since being founded in 2001, Motricity has attracted more than $150 million in venture capital from premier venture investors, strengthened its industry footprint by capturing key customers and stepped through several strategic acquisitions.

"Ryan Wuerch brings a meaningful message to SEVC's audience of investors and new companies," adds Gregg. "Given Motricity's growth and success, we're excited to showcase a southeast success story and honored that he is willing to share his experiences with SEVC." Wuerch helped shape Motricity's customer-centric approach tomobile content delivery and its success in reaching more than 250 million mobile subscribers. This has made Motricity the trusted partner for industry leaders such as BET, CBS, NBC, Turner, Cingular, Verizon Wireless, Alltel, Sprint, Amazon.com, Sony Ericsson, Palm and others.

Dr. Goodnight has been at the helm of SAS, the world's largest privately held software company and a global leader in business intelligence software, since the company's incorporation in 1976, where he has overseen an unbroken chain of revenue growth – a feat almost unheard of in the software industry. Coming off of 29 consecutive years of growth, SAS celebrated its 30th anniversary in July.

SEVC will showcase the most promising emerging technology firms in the southeast region, providing these companies with unmatched exposure to the top national and regional VC's and private equity investors. The SEVC is the opportunity for investors to find the most promising emerging and growth companies and for pioneering entrepreneurs to make the connections that empower their companies to become tomorrow's business leaders.

About SEVC
The mission of the SEVC is to help support the innovation andentrepreneurial activity of emerging high growth technology companies from the southeast region and the resulting economic growth in the Southeast. As part of that goal, the SEVC understands the importance of investment capital to this equation and provides a key forum to facilitate the infusion of growth to the southeast high growth technology community. To learn more about SEVC, visit www.seventure.org.