Neumann Joins Nobska

Mark Neumann has joined Nobska Ventures as a venture partner, focused on opportunities in Israel and the Mid-Atlantic U.S. He has spent the past seven years as CEO of 510 Ventures.

PRESS RELEASE

Nobska Ventures is very pleased to welcome entrepreneur Mark Neumann as an investor and Member of the General Partner of Nobska Venture Partners I, L.P.  Mr. Neumann will serve as a Venture Partner of the fund, focusing on Nobska Ventures' investments in companies in Israel and the Mid-Atlantic regions.

 “My investment in Nobska Ventures combines two of my driving passions: entrepreneurship and Israel,” shared Mr. Neumann. “I am eager to help young companies in our portfolio build successful global businesses.”

“Nobska Ventures is dedicated to supporting exceptional entrepreneurs with experienced strategic and operational counsel,” explained Charles Moore, Chairman of Nobska Ventures. “Mark was a co-Founder and President of a business which grew to nearly $100 million in revenue. He's both a strategist and an operator, and he managed his business through a successful M&A transaction; these are tremendous experiences to share with the management teams of our portfolio companies.”

 “Mark is a terrific addition to the Nobska team”, according to Bill Fox, himself a successful entrepreneur, investor in Nobska Ventures, and active member of Nobska's Board of Advisors. “Mark's proven abilities to create and manage a high growth business, his thoughtful, analytical personal style, and active commitment to Israel, all make him an excellent fit.”

“We are very fortunate to have attracted Mark's significant commitment of time, talent, and treasure, remarked Dr. Gary Applebaum, who also joined Nobska Ventures earlier in the year as both an investor and member of the General Partner. “Mark's a great guy and will be an excellent counselor to the entrepreneurs and young companies we nurture at Nobska.”

Abba Poliakoff, Chairman of the Maryland-Israel Development Center (MIDC) and a Nobska Advisory Board member and investor in the fund, continued, “This is another terrific match of talent and opportunity. The Nobska team is a tremendous group of diverse individuals, who, together, deliver very real value, beyond just capital, to the early stage companies in which they invest. Nobska's focus on companies in Israel, as they expand to the US, is a direct benefit to our region and Israel's economy.”

About Nobska Ventures

Nobska Ventures supports exceptional entrepreneurs and management teams in Israel and the United States with early stage venture capital, experienced strategic and operational counsel, and global market access and relationships.

Nobska Ventures' portfolio includes companies in medical imaging: Innovea Medical of Ramat Gan, Israel ( www.innovea.co.il ), biometric authentication for mobile commerce: ClassifEye of Jerusalem, Israel (www.classifeye.com), survivable telecommunications: Telecontinuity of Rockville, MD ( www.telecontinuity.com ), and governance, risk and compliance software: NSC of Columbia, MD ( www.nscsecure.com ) .

Investors in Nobska Ventures include successful entrepreneurs, families, institutions, and major corporations with strategic interests in Nobska's investment focus areas: advanced Information and Communications technologies for Enterprise Management and Security, Defense Intelligence and Electronics, Homeland Security and Healthcare.  Learn more about Nobska Ventures at www.nobskaventures.com.

About Mark Neumann

Mark Neumann is an experienced entrepreneur, executive and direct investor.

From 2000 to present, Mr. Neumann has been CEO of 510 Ventures, a privately owned investment company which invests in and operates a variety of businesses and real estate projects.

From 1991 to 2000, Mr. Neumann was President and co-founder of Special Counsel, Inc., the nations largest legal staffing company, now a wholly owned subsidiary of Modis Professional Services (NYSE: MPS). Special Counsel has 25 offices and revenues approaching $100 million.

Mr. Neumann is admitted to practice law in the State of Maryland and the District of Columbia. He left the practice of law in 1991 when he and his partner founded Special Counsel. He is a graduate of Gilman School, Franklin and Marshall College, and the University of Maryland Law School.

Mr. Neumann serves on the Board of several charitable organizations, including The Associated, Jewish Community Federation of Baltimore (of which he is the 2008 Campaign Chair), and the Baltimore Area Council of AIPAC (of which he is the immediate past Chair).

Mr. Neumann resides in Owings Mills, Maryland with his wife and three children.