T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: keith massey who wrote (2407)	11/23/1999 12:32:00 AM
From: keith massey	Read Replies (2) of 5053

For some reason we really haven't gone over this news close yet? Thought I would recap a part we haven't talked about..... MF Private Capital started a fund and has invested/raised $90 million(U.S) in the past 18 months. Manufacturers Life Insurance Company is participating in the fund by contributing a percentage of its original deals to the fund. The majority of deals in the fund are in communications infrastructure, technology, medical device technology and Internet B2B companies. In the news release JDX announced that they did a $1.5 million (U.S) investment in this fund which means we own a chunk of all of these deals!! This is not a mutual fund but a private VC firm that is doing seed capital deals (pre-IPO). This fund is just starting out which means that the large percentage of the deals they are sitting on have not done an IPO and we are right at the very beginning of the growth phase. Along with everything else in the release I also thought this was also good news....now we own a bunch of tech./internet companies that could be IPO'ing very soon. As soon as they update their web page we will know what we are sitting on. Best Regards KEITH

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