We have the experience to execute private equity, debt and project financings for small-capitalization private and public companies. Our Managing Directors have the contacts to approach the right investors and our firm has a track record of completing its financings. Since 1990 we have participated in 20 private placements for an aggregate of $445 million. From 1996 through the end of 2003, our Managing Directors while working at other firms participated in seven private placements aggregating approximately $180 million.

We Understand Private Placements

• Private equity for small capitalization firms is fraught with a complexity of issues including lack of transparency in valuation, anti-dilution issues that affect down round financings, liquidation preferences that can impede negotiations among classes of investors, and the need to balance investors' equity interests with those of founders and management.

• Description of a company's value proposition is often difficult because there are no codified procedures to document private equity presentations. We are passionate about preparing a regimented, four-part set of documents to meet the disclosure requirements of Section 4(2) of the Securities Act of 1933 and Regulation D promulgated under the Act, and to allow accredited investors to understand the unique value proposition offered by our clients.

• We have first name access to over 100 venture capital and strategic investors who cover the energy technology sector.

We know how to process and close transactions. This includes a clear set of deliverables, a rigid time and responsibility schedule, and years of experience in coordinating private financings among management, company counsel, the Board, prior investors, new investors and new investors' counsel.