FOR IMMEDIATE RELEASE
July 28, 2000
POINT WEST VENTURES, L.P. ANNOUNCES
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SECOND QUARTER FINANCINGS
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SAN FRANCISCO-(July 28, 2000) Point West Ventures, L.P., a majority
owned affiliate of Point West Capital Corporation (which trades on NASDAQ under
the symbol PWCC) today announced that it closed one new financing during the
second quarter of 2000:
Point West Ventures purchased $1,000,000 of convertible preferred stock
of NOMADIX, Inc. NOMADIX (www.nomadix.com) has created a new class of dedicated
network devices that allow ubiquitous, high-speed access to the Internet.
NOMADIX's line of Subscriber Gateway products allow broadband ISPs to offer
plug-and-play access to their networks and service selection on demand. All
NOMADIX products are based on open standards and do not require any client side
software or modification to the customer's computer. Dr. Leonard Kleinrock, a
father of the Internet, founded the company in 1998.
"We are excited to continue our involvement in NOMADIX. NOMADIX is a
leader in providing the infrastructure for broadband Internet services", said
Brad Rotter, Chairman of Point West Ventures. He added that, "this investment
demonstrates our continued commitment to funding great Internet infrastructure
companies."
Based in San Francisco, Point West Ventures provides capital and
expertise to promising information technology start-ups located throughout the
United States. Its areas of focus include telecommunications, Internet
infrastructure, and e-commerce. Point West Ventures provides capital mainly to
mezzanine and later stage private growth companies. More information about Point
West Ventures is available at www.pointwestventures.com.
(KEYWORD CALIFORNIA AND INDUSTRY KEYWORD: Venture Capital, Internet, E-commerce)
CONTACTS: POINT WEST VENTURES, SAN FRANCISCO.
Chris P. Rodskog, 415/394-9467
[email protected]
