Sooner or Later -- You'll Get NewsGator!

Corny, I know! But I couldn't resist! And with all of the good news coming out of there today, just wanted to pass some along.

As for disclosure about who I know over there and whether I'm biased -- I know the whole lot of them -- I'm very biased because I think they are terrific. Congrats to Greg, Brad, Renee, all you guys.

Check it out!

For release today, June 23, 2004.

NewsGator Technologies, Developer of Leading RSS Tools and
Services, Closes Series A Funding

Funding to be used for Product Development, Marketing, and Sales

DENVER, CO — June 23, 2004 — NewsGator Technologies, Inc., a leading developer of content aggregation tools and services, announced today that it has closed a round of funding with Mobius Venture Capital.

“We are thrilled to have Mobius Venture Capital as an investor,” said Greg Reinacker, CEO of NewsGator Technologies. “This funding is a necessary step to deliver on our vision for products and services in this market much more quickly.”

The funding will be used to accelerate the development process for the NewsGator product line, as well as expand the marketing and corporate sales groups. There are significant enhancements planned for the existing suite of products, and additional products planned for the popular NewsGator Online Services platform.

“We have been aggressively exploring the universe enabled by the rapid adoption of RSS-based technologies since the beginning of the year,” said Bradley Feld, Managing Director at Mobius Venture Capital. “We felt that NewsGator Technologies currently is the market leader in the emerging content aggregation and services segment. With this investment, we intend to help NewsGator Technologies expand their product set and market position in both consumer and enterprise content aggregation segments.”

While its first product NewsGator for Outlook has received the most acclaim to-date, NewsGator Technologies offers a portfolio of services for consumers and business. The desktop product NewsGator for Outlook is a news aggregator that runs in Microsoft Outlook, which allows users to subscribe to syndicated RSS news feeds to be delivered directly into their Microsoft Outlook and Exchange server folders.

NewsGator Online Services provides content aggregation tools and services, allowing users to find the content they need, and read it wherever they are, on any device. NewsGator Online Services offers numerous options for users, including the ability for users to read content from a web browser, through a POP3 account or on their mobile wireless device, which is a powerful option for road warriors who use mobile devices to access information while away from home or the office. The latest product, NewsGator Media Center Edition, allows users to view syndicated multimedia content feeds on their TV with Windows XP Media Center Edition.

About Mobius Venture Capital
With offices in Palo Alto, California and Superior, Colorado, Mobius Venture Capital is a $2 billion U.S.-based private equity venture capital firm managed by a team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit www.mobiusvc.com.

About NewsGator Technologies
NewsGator Technologies is a leading developer of content aggregation solutions for consumers and corporate customers. The desktop product NewsGator for Outlook is a news aggregator that runs in Microsoft Outlook, which allows users to subscribe to syndicated RSS news feeds to be delivered directly into their Microsoft Outlook and Exchange server folders. NewsGator Online Services provides content aggregation tools and services, allowing users to find the content they need, and read it wherever they are, on any device. For more information, visit us on the web at http://www.newsgator.com and http://services.newsgator.com.