Exosect, new investment in sustainable agriculture

Oxford, UK, February 2008

Exosect, a leading provider of Intelligent Pest Management solutions, is pleased to announce that it has attracted funding of £3.3 Million from a consortium of investors led by award-winning UK-based Oxford Capital Partners and including WHEB Ventures, founded by Ben Goldsmith, and The Entrepreneurs Fund. The funds will support accelerated market expansion of Exosect’s novel pest-management systems.

Exosect’s innovative, environmentally friendly method of pest control, using patented Entostat powder technology assist growers, producers and processors achieve zero residues in their crops and foods to produce high quality food for the consumer. To date, Exosect’s pest management solutions have been registered and launched in a number of territories including the UK, US, South Africa, New Zealand, and Belgium, with further EU approvals expected in the near future.

The investment demonstrates the ongoing commitment of existing shareholders and reflects the recognition by the investment community of the market potential of new environmentally conscious and sustainable approaches to pest control.

Rebecca Todd, Investment Manager of Oxford Capital Partners, said: “”At a time when we are all becoming increasingly concerned about the way our food is produced, we are excited by the innovative tools Exosect is offering to tackle the real challenge of managing pests in a sustainable way. A challenge faced by many industries, but particularly growers and suppliers of our food. Oxford Capital has long been committed to backing the innovators in sustainable technology solutions like this and we are delighted to have Exosect join our select group of exciting investments in this sector.”

Ben Goldsmith, founder of WHEB Ventures added: “With this investment, Exosect now has the financial firepower to really build on the hard work that has been put in over the last few years. Since WHEB Ventures first invested in late 2004, Exosect has shown in trials in over 24 countries that its’ approach to controlling insects is safe, cost-effective and simple to use.”

Martin Brown, Managing Director of Exosect, said: “It is important for any company at this stage to have the solid support of forward-looking investors. We have set ourselves ambitious sales targets in 2008 and beyond and look forward to continued collaborative work with key multinationals.”

Information for editors

Please contact:
Joanne Telford
Oxford Capital Partners
Tel: 01865 860 760
jtelford@oxcp.com
www.oxcp.com

About Oxford Capital Partners

Oxford Capital Partners is a science and technology venture capital firm with extensive experience in investing in and supporting businesses with high growth potential. Oxford Capital Partners looks for the best opportunities, backing exceptional entrepreneurs and investing across all stages of development, from start-up to IPO. Leveraging its extensive networks, Oxford Capital Partners assists portfolio companies in accessing international markets in Europe, the US, Middle East and Asia. Oxford Capital Partners is the manager of four Oxford Gateway Funds and oversees a portfolio of over 25 companies in a range of technology sectors, including ICT, clean technologies, life and physical sciences.

Oxford Capital Partners was named Venture Capital House of the Year 2005 at the Unquote Awards.

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