For Immediate Release                         

KOLEMAN KARLESKI PROMOTED TO MANAGING DIRECTOR
AT CHRYSALIS VENTURES

LOUISVILLE, KY (March 13, 2006) – Chrysalis Ventures, LLC, today announced that Koleman Karleski has been promoted to Managing Director. Mr. Karleski, 32, joined the firm in 1997 and has successfully advanced through an apprenticeship that included stints as an associate, senior associate, and most recently principal in the firm. He has worked closely with various Chrysalis portfolio companies including Aperture Credentialing (sold to a subsidiary of UnitedHealth Group), Manorhouse Assisted Living (sold to LifeTrust Assisted Living), Primis (sold to LandAmerica Financial Group), and TechRepublic (sold to Gartner Group, Inc.). Mr. Karleski currently serves on the boards of Chrysalis portfolio companies AfterBOT, HealthMedia, MedServe, and FWI.

“This promotion reflects Koleman’s evolution into a leader within both this firm and the markets we serve,” said David A. Jones, Jr., Chrysalis Chairman and Managing Director. “Koleman’s intelligence, tenacity, and devotion to the entrepreneurs and companies he works with have shown him to be a great partner in company-building, as well as a fine investor.”

Prior to Chrysalis, Mr. Karleski worked for Providian Corporation’s Capital Management business unit where he focused on strategic planning and business development.

A native of Pittsburgh, Mr. Karleski earned a BSE from Princeton University where he concentrated on operations research and financial engineering. He currently volunteers for Big Brothers Big Sisters of Kentuckiana and serves as President of the Princeton Alumni Association of Louisville.

About Chrysalis Ventures
Founded in 1993, Chrysalis Ventures is a leading source of equity capital for young growth companies in the Midwest and South. Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and business services. Based in Louisville, Kentucky, Chrysalis has more than $200 million under management and has made investments in over 50 companies. For more information, please visit www.chrysalisventures.com.

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