Current Investments:

CondoCo
Office condo leased to PlusOne.  Initial Investment: March 2006

Trak Technologies Corporation
Provides home healthcare and hospice agencies cell phone-based compliance and productivity tools.  Initial Investment: February 2006

PlusOne
A building services company specializing in mail processing and courier management.  Annualized IRR (so far):  132.4%


Liquidated Investments:

IO2 Technology LLC
Position Mostly Liquidated:  May 2005;  Annualized IRR (so far):  37.2%

Paragon MedManagement, LLC
Position Liquidated:  January 2005;  Annualized IRR:  9.1%

PayDQ (Restart)
Position Mostly Liquidated:  August 2004;  Annualized IRR (so far):  137.7%