Catalyst Venture Partners Forms Partnership With Singapore-Based iAxil Pte Ltd.

BATH, England, December 8 - Catalyst UK and Singapore based iAxil, the venture accelerator
arm of Asian conglomerate Ascendas, have joined forces in a unique
European/Asian partnership.

The co-venture will support and assist both European-based
companies wishing to access the Asian market, and Asian-based companies
seeking to penetrate European markets.

The partnership offers companies an inside track into each
market. It will develop contacts, carry out due diligence on potential
partners/customers and negotiate deals.

Richard Turner of Catalyst Venture Partners forged the deal
said:

"This is such an exciting time in the development of east/west
trading relationships. I am delighted that we can offer our portfolio and
other companies access to such a high quality partner in the East".

Tay Li Ling, Senior Vice President of iAxil, commenting on the
partnership, said:

"Catalyst have such an excellent understanding of technology
companies and European markets I am delighted that we can offer this service
to our companies"

About iAxil (www.iaxil.net)

iAxil is a one-stop centre providing a total solution to help
entrepreneurs launch and grow their ventures. Leveraging on more than 10
years of experience, they have grown into one of the region's leading venture
accelerator centres offering entrepreneurs and start-up companies access to
venture capital, business planning, financial modelling, market intelligence,
deal structuring, recruitment of talent, branding, access to international
markets and quick start-up space. They also provide consultancy services to
help corporate and government clients to establish, develop and run
incubators and incubation programmes.

iAxil was founded in 1994 and to date has helped more than 185 start-up
companies. Some of the successful start-up companies include Sinomem
Technology Ltd (listed on the Singapore Exchange), Pharmesis International
Ltd (listed on Singapore Exchange) Cassis International, Triangle
Technologies, Lightspeed Technology and InfoTalk Corporation.

About Catalyst Venture Partners (www.catvp.com)

Catalyst Venture Partners are a corporate finance and fast
growth advisory firm specialising in the environmental technology,
healthcare, software and media. Since its foundation in 2000 Catalyst has
worked with over 50 start-up and early stage companies. We work with
ambitious and entrepreneurial led companies who are at the early and
expansion stage of their development. We help companies: recruit key staff;
find investor directors, develop growth strategies and raise funding. We
focus on companies seeking to raise equity between GBP500,000 and GBP5
million.

For further information please contact: Richard J Turner, T:
+44(0)1225331498

For further information please contact: Richard J Turner, T:
+44(0)1225331498, Email: rjt at catvp.com