Irish Business Angels Get Internet Wings

Investors in Startup Companies Go Online With Tools Connecting Promising Entrepreneurs To Worldwide Funding

NEW YORK and DUBLIN, June 16, 2010 - Today at the Inaugural Business Angel Conference in Dublin, Ireland's
Halo Business Angel Network (HBAN) introduced a set of Internet-based
collaborative tools that promise to greatly expand domestic and international
angel investing. HBAN, a joint initiative of InterTradeIreland and Enterprise
Ireland, is the umbrella organization for angel investing in Ireland. By
adopting the Angelsoft platform as the standard, HBAN is dramatically
enhancing the ability of Irish entrepreneurs to attract startup investments
from angel investors here and throughout the world, while providing them with
everything they need to effectively manage and streamline the funding
process.

HBAN joins the business angel networks in over 50 countries, including
the national angel federations in the United States, Canada and, most
recently, Australia, in adopting Angelsoft as the country's official Internet
platform for connecting entrepreneurs with accredited angel investors and
venture capitalists. In addition to deal flow management for angels, the
Angelsoft tools encourage investors to mentor entrepreneurs, providing angels
with unmatched solutions for managing ongoing relationships with startups.
Every angel investor within HBAN's nationwide network will now be provided
free access to Angelsoft's online tools as a benefit of membership.

By giving its member groups open access to Angelsoft, HBAN unifies the
deal flow management systems being used, allowing investors from multiple
groups across the country to pool their funds and resources in support of
innovative Ireland-based startups.

Angelsoft's comprehensive software-as-a-service will now power the
internal collaboration process within each HBAN-affiliated angel network,
professionally showcasing opportunities for prospective entrepreneurs, and
supporting sponsors and individual members. As the new standard deal flow
management tool for all early-stage investing in Ireland, Angelsoft enables
entrepreneurs to apply for funding throughout the country, and the world,
using one unified application.

Each angel group's internal screening committee will be able to use the
Angelsoft collaboration system to review and rate funding applications from
aspiring entrepreneurs, while individual angel investors can use advanced
Internet tools to lead deals all the way through to investment. Thanks to
Angelsoft, HBAN angels can greatly shorten the time it takes to finalize an
investment, while improving the due diligence research that enables them to
make stronger investment decisions.

"Today's announcement by HBAN was made in the best interests of its
syndicates of Irish angel investors and entrepreneurs. HBAN is responsible
for the promotion of best practice in angel investing in Ireland and until
today Irish investors have not had a unified solution in place to effectively
manage and streamline their angel financing activities," said Diane Roberts,
National Director for HBAN. "Angelsoft has built an impeccable track record
of success with more 20,000 investors from 500 angel networks in 50
countries. We believe a strategic partnership with Angelsoft will help
strengthen our relationships with investors throughout the world, and
facilitate international investment into Irish start ups"

"The adoption of Angelsoft by Halo Business Angel Network marks a
significant step forward for Irish entrepreneurs and investors, whether in
Ireland or elsewhere in the world," said David S. Rose, Founder and CEO of
New York-based Angelsoft. "Through Angelsoft's powerful tools, angel
investors anywhere can tap into a very vibrant start up scene in Ireland,
making cross-border investing a welcomed reality."

With this partnership developed by HBAN, entrepreneurs and members of
HBAN affiliated angel groups and networks throughout Ireland will receive
full and immediate access to Angelsoft as part of their existing membership
dues.

About Halo Business Angel Network (HBAN)

Halo Business Angel Network (www.hban.org) is Ireland's umbrella
group for business angel networks. HBAN is dedicated to promoting angel
investment and supporting the early stage entrepreneurial community in
Ireland, working to create an eco-systems that promotes and supports early
stage investment market. HBAN supports the formation of new and existing
angel networks, both regionally and internationally, and within industry
sectors. HBAN also acts as a voice to government, stakeholders, business and
the media to promote the interests and needs of the angel and early stage
investment community. HBAN, a joint initiative of InterTradeIreland and
Enterprise Ireland, is the umbrella organisation for angel investing in
Ireland.

About Angelsoft

Angelsoft (www.angelsoft.net) is the global provider of
Internet-based solutions for early-stage investing worldwide. Angel
investment groups and networks, venture capital firms, business incubators
and entrepreneurs on six continents rely on Angelsoft to facilitate private
equity investments into promising companies. Its award-winning collaboration
tools make it easy for seed-stage investment groups to coordinate and process
their deal-flow from initial contact, screening, due diligence and
ultimately, through to funding and beyond.

Leo Tignini, iFluence PR, leotignini at iFluencepr.com, +1-908-907-6246; or Mark LaRosa, Angelsoft, mark at angelsoft.net, +1-212-228-8770