Toronto, Ontario 2 March, 2009 – Kirchner Private Capital Group (KPCG) announced today that Les Lyall has joined as Managing Partner of Kirchner Investment Management Corp. (KIMC), the fund management subsidiary of KPCG. KPCG is a North American company that provides investment management, investment banking, and operational transition management services to the private capital industry. The Investment Management group provides venture capital, private equity investment management, and advisory services.

Les has 25 years of operational, private equity, venture capital, and fund management experience. He has served on the boards of private and public companies, has held management operating roles and turnaround assignments, and has worked with companies through the IPO and strategic sale process.

Most recently, Les was COO of GrowthWorks Capital, a Canadian venture fund manager with $750 million of assets under management. While at GrowthWorks, he was previously Senior Vice President responsible for two Ontario based funds totaling $400 million under management. In this role, he also managed the acquisition and consolidation of six venture funds, resulting in a significant investment performance improvement.

“We are pleased to have Les join our steadily growing team of professionals,” said W. B. (Bud) Kirchner, CEO and founder of KPCG. “We have worked with Les for many years, and his combination of private equity and venture capital experience, together with hands-on operational expertise, makes him an ideal addition to our group. We are proud to be approaching our 25th year in this business and are excited to have someone of Les’ caliber and reputation join the team working in our North American market.”

“I am very excited to join KIMC and help expand the firm’s existing fund management business,” said Les Lyall. “The move to KIMC represents an opportunity to offer institutional investors a second option in managing their alternative asset fund investments and allows me to build on my experience improving the investment returns of underperforming funds.”

Les’ extensive background includes: CEO of a computer telephony company, including turnaround and subsequent IPO; CEO of a manufacturing company; serving on the boards of several private and public companies; and undertaking interim management roles and turnaround assignments. In addition, Les founded a consulting firm that specialized in small and medium-sized business turnarounds and repositionings.

Les has an MBA from Simon Fraser University. He has also served as President of the Retail Venture Funds Association.

About Kirchner Private Capital Group (KPCG)

The Kirchner Private Capital Group acts as partners, principals, agents and advisors to private companies, venture capital and private equity firms, and institutional investors. Through a multi-faceted, customized approach, we match our operational, transactional and investment skills to every investment management partnership, transition management engagement, and investment banking mandate. Our depth of experience, validated by a 25-year track record, enables us to assist both clients and partners achieve their objectives.

About Kirchner Investment Management Corporation (KIMC)

KIMC actively manages capital as a Corporate General Partner of venture capital and private equity investment funds.

We partner with institutional investors and fund managers in existing funds to realize their investment objectives, including managing funds after their investment phase to improve fund performance and liquidity. With our team of fund management, operations, and transaction specialists, Kirchner Investment Management dedicates resources in the management of the fund, either on an as-need or permanent basis.

Currently, KIMC is a General Partner in Avrio Ventures and Foragen Technology Management representing, in aggregate, $100 million under management. Also, KIMC is a past and current advisor to both general and limited partners of venture funds representing over $850 million of client private equity assets including over $500 million of underperforming investments.

For inquiries, please contact:

Les Lyall, Managing Partner: (778) 718-9492, or