NEW BOARD MEMBER VIRGINIA GAMBALE TO JOIN 29WEST

16 April 2008

29West, Inc., the leading provider of ultra low latency messaging, today announced the expansion of its Board of Directors to include Virginia Gambale. The expansion of the Board is a clear reflection of the firm's growth and consistent delivery of innovative technology solutions that meet the needs of the financial services industry.

As the former CIO of Merrill Lynch Investment Banking and Deutsche Bank Alex.Brown and a former venture capitalist, Gambale is a successful investor and technology leader. Currently the Managing Partner at Azimuth Partners LLC, which she founded in 2003, Gambale focuses on developing growth strategies and business partnerships, and executing successful exits for technology and business service companies. Prior to 2003, Gambale held a number of senior management positions at leading global financial institutions including: Head of Deutsche Bank's Strategic Ventures, where she successfully liquidated their $100M investment portfolio; and General Partner of DB Capital's ABS Ventures, where all investments she led resulted in successful IPOs.

"I'm pleased to be joining the Board of 29West," said Virginia Gambale.
"The company has a renowned track record of success in the low latency space and I'm really looking forward to working with members of the Board to help broaden the business and meet future objectives."

Mark Mahowald, founder and president of 29West, commented, "We are very excited that Virginia will be joining the Board of 29West. In addition to her obvious talents in business and investment management, she is very plugged in to the technology community, making her an excellent fit."

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