Venaca, Inc. Announces the Completion of a Private Placement with The Argentum Group and First Analysis Corporation

NEW YORK, NY – April 25, 2006 – Venaca Inc., a leading provider of Digital Asset Management Systems, announced the closing of its first round of institutional financing provided by investment funds managed by The Argentum Group and First Analysis Corporation, it was announced today by Venaca’s CEO, Thomas F. Burchill.

The funds will enable Venaca to continue to build on its existing technology and people infrastructure and be able to pursue rapidly developing growth opportunities.

“We are delighted that The Argentum Group and First Analysis have stepped up to make this significant financial commitment to Venaca,” Mr. Burchill said. “We are excited about the prospect of putting additional resources in place to serve our existing clients as well as allowing us to forge new relationships in the fast growing digital asset management marketplace.

“The convergence of digital media, the arrival of consumers “third screen”, thus, the emergence of multiple distribution platforms is rapidly and fundamentally changing the competitive dynamics for all Broadcast, Media, and Entertainment companies,” said Walter H. Barandiaran, a Co-Founder and a Managing Partner of The Argentum Group. “We are extremely impressed with Venaca’s digital asset management systems and look forward to a rapid market deployment of its technology. Venaca is well positioned for rapid growth, and we are excited to be able to support them financially,” added Mr. Barandiaran.

About Venaca, Inc.

Venaca, Inc. is a leading technology company specializing in media asset management for the broadcast, media and entertainment industry. The company utilizes a proprietary platform for streamlining an organization’s media supply chain and facilitating the storage, management, repurposing and distribution of digital media. Its customers include Turner Broadcasting, Lifetime, College Sports Television Network (CSTV) and Sesame Workshop. More information about the company can be found at www.venaca.com

About The Argentum Group

The Argentum Group is a New York-based private equity firm that provides expansion capital to rapidly growing small and mid-sized businesses with market leading potential. Argentum targets those industries experiencing rapid growth or undergoing fundamental change in the areas of outsourced services, healthcare, and technology. Argentum serves as general partner of investment partnerships with over $400 million of capital under management. Since its founding in 1988, Argentum has invested in over 100 companies across a broad range of industries. For more information, please visit: www.argentumgroup.com

About First Analysis Corporation

First Analysis (www.firstanalysis.com) is a leading private growth equity Investor. It has one of the longest records (19 years) in private capital investing. It has invested over $530 million, has created over $1.34 billion in fund liquidations, and has over $145 million in active portfolio investments. First Analysis focuses on its three sectors of expertise: outsourced services, information technology, and chemistry-enabled businesses, investing for expansion and growth in small and mid-size companies with established business models, high internal growth rates, and large-market leadership potential. Its goal is to help these companies establish highly profitable leadership positions in their markets, assisting with strategy, recruitment, sales and marketing, and corporate development. For more information, please visit: www.firstanalysis.com