Ethidium Health Systems Voted Top Emerging Company in Largest Venture Capital Competition Ever Hosted

Company Selected by a Panel of 140 Venture Capital Funds and Angel Investors as Best Company in Pennsylvania

New York City – December 14, 2004 – FundingPost (www.FundingPost.com) proudly announced today that Ethidium Health Systems has been selected as the top emerging company in Pennsylvania as part of their first annual Pitching Across America™ competition. FundingPost established the competition in which 140 Venture Capital Funds and Angel Investors participated as judges, voting on 400 business summaries from emerging companies nationwide. This was the largest Venture Capital competition ever organized.

"Ethidium is honored to be voted as the best emerging company in Pennsylvania by such a distinguished group of sophisticated investors," stated Matias Klein, President and Chief Technology Officer of Ethidium Health Systems. "Ethidium takes great pride in its business and customer service, and we are very pleased to be acknowledged for our efforts. This is a clear validation of the unique value of Ethidium’s business," added Klein.

The emerging companies were evaluated on a scale of 1 to 10. Judging criteria consisted of several key points including: the professionalism of the written summary, current stage of development (customers, revenue), competitive advantage and need in the marketplace, feasibility for success, and whether the company is "VentureWorthy™".

"FundingPost's latest Pitching Across America event was stellar," said Bill Funcannon, Partner, OVP Venture Partners. "As a judge representing the top-tier fund in the Pacific Northwest, I was impressed by the 50 companies selected from a list of more than 400 entries. The start-ups chosen for the final round represented real balance of companies between earlier- and later-stage investing. There is a natural mix of winners from industry segments based on market opportunities, and a balance between risk and reward for venture capitalists and entrepreneurs alike."

About Ethidium Health Systems

Ethidium Health Systems is a leading developer of clinical information management software and services. Ethidium's solutions enable clinicians, patients, and their partners to securely and seamlessly share medical information while simultaneously enhancing the efficiency and productivity of the healthcare delivery process. All Ethidium's offerings are developed to ensure interoperability of health information and compliance with the security and privacy provisions of the Health Insurance Portability and Accountability Act (HIPAA). For more information, please visit www.ethidium.com.

About FundingPost

For almost four years FundingPost has worked with thousands of Angel and Venture Capital Investors and Entrepreneurs. With over 3,000 CEOs and 500 Venture Funds attending events in 15 cities nationwide, a quarterly Dealflow magazine, and a deal-exchange Website that has, on average, seen an introduction of an Investor to an Entrepreneur every business day since its inception, FundingPost believes that it is important to reach investors in every medium possible – both online and offline, and is experiencing strong growth as the venture capital markets continue to improve worldwide.

Contact:
Gregory Joo
215-938-8630
press@ethidium.com