Press Release

Vencore Capital Opens Its Doors in the Lone Star State

LAKE OSWEGO, Ore., Nov. 12, 2007 – Vencore Capital today announced that it has recently opened a new office in Austin, TX. Vencore is a leading venture debt firm offering financing solutions to early stage, emerging-growth companies, throughout the country.

Austin

The Austin office, which serves all of Texas, Arkansas, Louisiana, and Oklahoma, is led by native Texan, Micah Adams. Micah is a graduate of University of Texas and received his MBA from University of Oregon. Micah has been with Vencore Capital for over two years working as a Relationship Manager for National Accounts, and now, as a Director. Micah's extensive knowledge of this area will help to provide the support and know-how to the up and coming companies of the future.

"We're so pleased to be expanding our effort in Texas and the surrounding states", said Len Ludwig, CEO of Vencore Capital. "We've been developing a presence there for some time and our products have been a good fit with enough companies that we are happy to make a bigger commitment. On top of that, Micah has strong roots in Texas and we're very confident his approach will be welcomed in the business community."

About Vencore Capital

Vencore Capital is a leading provider of venture debt financing solutions to early-stage, emerging-growth companies. Since its founding in October, 2002, the company has provided more than $113 million in venture debt capital to more than 260 angel-backed and venture capital-backed companies. Approximately 70% of Vencore's clients are start-up technology firms backed by founders and angel investors, while the rest are later-stage companies backed by traditional venture capital firms.

Vencore operates nationwide with offices in Boston, Philadelphia, Charlottesville, Denver, Los Angeles, San Francisco, Silicon Valley, Portland, Seattle, and now, Austin.

The company is privately held.

For more information, visit www.vencorecapital.com, or call 503.675.3121.

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Media Contact:
Ki Seh Pond
kiseh@vencorecapital.com
(503) 675-3121