Washington, D.C., November 15, 2006 – Paperboy Ventures, LLC, a leading intellectual property merchant bank with investments in high-tech and biotechnology companies, today announced that Christian P. Vandendriessche has joined Paperboy as its Chief Operating Officer. Mr. Vandendriessche joins Paperboy from Lehman Brothers, where he was for six years a Senior Vice President with the Capital Advisory Group. Mr. Vandendriessche is charged with advancing Paperboy’s merchant banking activities and supporting the growth of its portfolio companies. He will report directly to Paperboy’s Chairman, Allen Andersson.

"Christian joins Paperboy with the mandate to organize our accelerated activities in merchant banking, and to nurture the growth of Paperboy’s portfolio companies," said Mr. Andersson. "His background of leadership in both finance and management makes him particularly well-suited to these priorities as we expand Paperboy’s investing activities. On a personal note, I look forward to working with Christian on our shared passion for promoting prosperity and democracy in Latin America."

"In a short time, Paperboy has emerged as a leader in helping scientists turn path-breaking technologies into viable businesses," Mr. Vandendriessche added. "I am excited to be joining a very professional group of people and leading Paperboy Venture’s future growth strategy."

Prior to Lehman Brothers, Mr. Vandendriessche served as President of International Operations for TradeOut, Inc., a pioneering B2B internet firm. From 1993-1999 he served in several positions with Motorola, Inc., including Director of Corporate Mergers and Acquisitions and Executive Director of the Network Ventures Division, where he was responsible for identifying, originating, building and operating wireless telecommunication companies around the world. He is the Founder of the Young Internationals Club of Chicago, as well as Founder of the Honduras Relief Fund, which provided relief in the wake of the devastation of Hurricane Mitch in 1998. Mr. Vandendriessche earned a BS in Business Analysis from Indiana University-Bloomington in 1984 and an MBA in 1989 from Northwestern’s Kellogg School of Management.

About Paperboy Ventures
Paperboy Ventures, based in Washington D.C., is an intellectual property merchant bank with investments in high-tech and biotechnology companies. The firm seeks to uncover path-breaking scientific discoveries and help to unlock their inherent value. Paperboy actively nourishes its portfolio companies with continuing financial and management support – shepherding each discovery to its greatest potential. Since its inception in 2003, Paperboy has invested more than $100 million in early-stage science and technology companies.

For additional information please visit www.paperboyventures.com.

Contact Information:

Media:
Jonathan Morgan
Mandelbaum & Morgan
212-741-0014