<body.content> <block> <p>REDWOOD CITY, CA, Aug. 28 /PRNewswire/ — Draper Fisher Jurvetson, the pioneering seed stage technology venture capital firm, announced today that they areopening a Toronto-based Affiliate in partnership with Dr. Ilse Treurnicht of Primaxis Technology Ventures Inc.</p> <p>This partnership is the newest addition to the DFJ Network. Over thepast 9 years, DFJ has created a broad, collaborative network of venture capital partnerships. The DFJ Network is currently made up of more than 70 venture capital professionals, across 23 regions,and some US$3.2 billion of capital under management.</p> <p>DFJ plans to enter the Canadian market with a fund targeted at US$100 million, focused on funding extraordinary entrepreneurswith the vision to build global companies. “We are delighted about this opportunity to create a strong presence in Canada,” said Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson.”Canada is a key global technology cluster that has generated many important advances in life sciences and information technology. We believe the Canadian high-tech sector will continue to produce aterrific flow of investment opportunities. We are excited to be partnering with Ilse Treurnicht and her superb team from Primaxis. Their expertise and experience will enrich our growingnetwork.”</p> <p>”We are happy to see the launch of this latest U.S.-Canadian partnership to develop high technology. The U.S.-Canadian trade relationship is already the largest in theworld, and no doubt will grow even more as a result of this venture,” commented U.S. Ambassador to Canada Paul Cellucci.</p> <p>Mary Macdonald, CEO of Macdonald &amp; Associates Ltd.,which monitors private equity trends and activities in Canada, said: “The formal presence of DFJ in Canada is welcome news for the Canadian venture capital community. The participation of USinvestors in the Canadian market has dropped during the past year, but this partnership signals a growing recognition of excellent Canadian investment opportunities coupled with strong venturemanagement teams to exploit them”. Dr. John Evans, the Chair of the Board of Directors of MaRS (Medical and Related Sciences Discovery District), said: “Initiatives such as MaRS are designed tofacilitate the commercialization of technologies from Canadian research institutions. The presence of world-class early stage investors such as Draper Fisher Jurvetson is central to the success ofthese initiatives. The timing of this partnership is also critical, due to the recent increase in public investment in Canadian research institutions”.</p> <p>The fund will be managed byIlse Treurnicht and the team from Primaxis Technology Ventures Inc. (<a>http://www.primaxis.com/</a>). Ilse Treurnicht, a technology entrepreneur with broad senior management experiencein start-up companies, has been active in the Canadian venture capital industry for the last five years. She holds a doctorate in Chemistry from Oxford University in the United Kingdom, which sheattended as a Rhodes Scholar. “We believe that the partnership with DFJ will significantly expand our resources to assist Canadian companies in accessing capital and business networks in the U.S.market. DFJ’s outstanding track record and extensive network will help us realize our vision of enhancing start-up technology investing in Canada”, she said.</p> <p>About PrimaxisTechnology Ventures</p> <p>Primaxis was established in 1998 by RBC Technology Ventures and BTG to increase the availability of seed capital in the Canadian market. Investors in Primaxisinclude DuPont Canada, Battelle Memorial Institute, Crown Investments Corporation of Saskatchewan, Richardson Ventures, and MDC Corporation, in addition to RBC Ventures and BTG. Primaxis has investedin 16 early stage opportunities in the advanced technologies sector, including Silicon Optix, BTI Photonic Systems, Atsana Semiconductor, Spotwave Wireless, Axela Biosensors, Chantry Networks andAvendo Wireless.</p> <p>About Draper Fisher Jurvetson</p> <p>The Draper name is synonymous with venture capital. General William H. Draper, Jr., became the first professionalwest-coast venture capitalist when he founded Draper, Gaither &amp; Anderson in 1958. Formerly Undersecretary of the Army, General Draper was responsible for economic reconstruction of Germanyand Japan under the Marshall Plan. His son, Bill Draper, began his venture capital career in 1962 with Pitch Johnson, when he started Draper &amp; Johnson Investment Company. In 1965, togetherwith Paul Wythes, he founded Sutter Hill Ventures, another highly successful partnership. In 1981 Bill Draper was appointed Chairman of the U.S. Export-Import Bank. In 1985, he was selected to beAdministrator and CEO of the United Nations Development Program. In 1985, Tim Draper left Alex Brown &amp; Sons to found Draper Associates, becoming the third generation in his family to pursue acareer in venture capital. The leadership of DFJ, Tim Draper, John Fisher and Steve Jurvetson, has built an 18-year track record successfully investing in technology companies through 7 SiliconValley funds, 14 regional seed stage venture partnerships, and an international multi-stage joint venture. The DFJ Network has operations in Albuquerque, Austin, Beijing, Boston, Chicago, Denver,Hong Kong, London, Los Angeles, New York, Phoenix, Pittsburgh, Portland, Reston, Sacramento, Salt Lake City, Santa Barbara, Seattle, Singapore and Silicon Valley. DFJ has consistently focused on theseed and early stage asset class. DFJ made early investments in companies such as Parametric Technology (PTC), Medior (acquired by AOL), Four11 (acquired by Yahoo), Hotmail (acquired by Microsoft),Interwoven (IWOV), Kana (KANA), Selectica (SLTC), Tradex/Ariba (ARBA), Tumbleweed (TMWD), GoTo/Overture (acquired by Yahoo), and Cyras/Ciena (CIEN), which have generated superior returns for itsinvestors. DFJ was the 2nd most active venture investor last year, according to PricewaterhouseCoopers LLP MoneyTree Survey.</p> <p>Clay Pew of Draper Fisher Jurvetson can be reached at<virtloc idsrc=”dummy” value=”dummy”>clay@dfj.com</virtloc> or phone number 650 799-7817. Ilse Treurnicht of Primaxis can be reached at <virtloc idsrc=”dummy”value=”dummy”>ilse.treurnicht@primaxis.com</virtloc> or phone number 416 974-6840, 1 Richmond St. W., 8th Floor, Toronto, Ontario, M5H 3W4.</p> <p>For more information on DraperFisher Jurvetson see <a>http://www.dfj.com/</a>. For more information on Primaxis Technology Ventures Inc. see <a>http://www.primaxis.com/</a>. </p><datasource>Primaxis Technology Ventures Inc.</datasource> </block> <block class=”contact”> <p>CONTACT: Dr. Ilse Treurnicht, Primaxis Technology Ventures Inc.,Phone:<br/> (416) 974-6840, Email: <virtloc idsrc=”dummy” value=”dummy”>ilse.treurnicht@primaxis.com</virtloc>, Web: <a>http://www.primaxis.com/</a>;<br/> ClayPew, Draper Fisher Jurvetson, Phone: (650) 799-7817, Email:<br/> <virtloc idsrc=”dummy” value=”dummy”>clay@dfj.com</virtloc>, Web: <a>http://www.dfj.com/</a></p></block> </body.content>