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Ventures West Expands Cleantech Team

Vancouver, BC, April 3, 2007- Ventures West, one of Canada's largest private venture capital companies, announced the addition of Steven Turner as Associate in its Vancouver office. Mr. Turner will focus on deal generation and portfolio management in the Cleantech sector.

"The quality and quantity of Cleantech deal flow right now is better than ever," said David Berkowitz, General Partner with Ventures West and one of the most active and best-known Cleantech investors in Canada. "Steve will be a terrific addition to the Ventures West team and we are excited about expanding our efforts in the sector."

Prior to joining Ventures West, Steve worked as an Equity Research Associate at Raymond James Ltd. covering industrial special situations companies. Prior to that, he was at Cellex Power Products, a Ventures West portfolio company that agreed to be acquired by Plug Power Inc. in March 2007. Mr. Turner also brings five years of engineering consulting experience to his role. He is a registered Professional Engineer with a Bachelor of Environmental Engineering from Montana Tech of the University of Montana and an MBA from the University of Victoria.

Ventures West has been investing in the Cleantech sector since 1987 and has invested over $60 million in their Cleantech portfolio over the last decade. Portfolio companies include Angstrom Power Inc, CarboPur Technologies, Polyfuel Inc, TIR Systems Inc., QuestAir Technologies Inc. and Serveron Corporation.

About Ventures West
Ventures West Capital Ltd. a private venture capital investment group, is one of Canada's leading investors in early stage technology companies. Since its founding in 1968, Ventures West has formed eight venture capital funds which total over $700 million and has invested in more than 150 companies. Ventures West has the people, the expertise, and the capital to help entrepreneurs develop emerging technology companies into market leaders. Investments focus on four technology sectors: Biotechnology, Cleantech, Communications, and Information Technology. For more information, visit www.ventureswest.com.

Contact:
Christine Ramsay
Director of Marketing and Communications
Ventures West Capital Ltd.
cramsay@ventureswest.com
(416) 861-2280

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