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NEWS For Immediate Release Cameron Thomson Group Inks Partnership with Cirlab! European Venture Capital Firm Enlists Business Development Agency to launch Content-Related Ventures July 17, 2000, Milan, Italy - Cameron Thomson Group, a leading provider of business development solutions to the media and entertainment industries, and Cirlab! (www.cirlab.com), a leading European Venture Capital firm, today announced a partnership for the development of new ventures in the interactive content and film industry business-to-business marketplace. As a result of the agreement with Cirlab!, Cameron Thomson Group will spearhead the development of Cirlab!'s content based ventures program, leveraging its track record in new media start-ups and growth management. Under the arrangement, Cameron Thomson Group will also play an important role in launching resultant incubated businesses from under the Cirlab! umbrella. "Given the rapid convergence of television, film, music and the Internet, exciting opportunities are popping up in the content arena, and we want to be at the forefront of this evolution," said Gordon Anderson, Executive Vice President of Cirlab!. "Cameron Thomson's experience in building new media companies servicing the entertainment industry at large will assist us as we expand our portfolio of ventures. The Cameron Thomson development deal will provide additional strength to Cirlab!, which is working to spawn innovative businesses that respond to the challenges and opportunities in the business-to-busines marketplace." About Cirlab! Cirlab! is an accelerator of early-stage companies for identifying, creating and operating Internet and Wireless businesses. Founded in November 1999, by CIR Group, Cirlab! represents a major initiative to continue to expand the presence and activities of CIR in the high technology and Internet sectors. Cirlab! combines the best elements of a small and nimble company with the financial strength and group synergies of CIR. CIR Group is the industrial holding company controlled by COFIDE (Compagnia Finanziaria De Benedetti). Its objective is to create shareholder value by means of medium/long-term investments in which CIR plays an active role as managing shareholder. CIR Group enjoys consolidated revenues of approximately 2 billion Euro and has approximately 11,000 employees. Cirlab!'s main incubator facilities are located in downtown Milan, Italy, in close vicinity with financial, technical and creative resources. Liaison offices in Silicon Valley (Palo Alto) and London provide access to key technology, financial and business connections. Contact Cirlab! at www.cirlab.com or Tel: + 39 02 8061681. About Cameron Thomson Group Cameron Thomson Group Ltd. is a leading business development company specializing in providing corporate development and investment banking services to the media, IT and entertainment industries. Drawing from its broad base of experienced and highly motivated professionals, Cameron Thomson's expertise is in transforming business ideas into prosperous commercial opportunities. Cameron Thomson has a track record in building successful new media companies that maximize the value of their intellectual properties globally through traditional media, the Internet, and via evolving broadband and wireless distribution mediums. Cameron Thomson Group is based in Toronto, Canada, with offices in Milan, Italy, and in London, UK. As part of its core offering, the company is engaged in arranging financing for a growing list of media and entertainment oriented businesses. Cameron Thomson Group has established an enviable track record in financing start-up, early-stage companies, mature businesses and motion picture productions and other media projects. Cameron Thomson Group is privately held with strong board representation from the film and television, technology, music, and investment industries. Contact Cameron Thomson Group at www.cameronthomson.com , or on 416.350.5009, in Italy on (+39) 02.806168.613, or in the UK at (+44) 0207.284.1094. ####
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