SageQuest to expand sales and marketing reach with investment from Midwest-focused fund

Chicago, December 19, 2005 – Hopewell Ventures today announced the completion of a $2.5 million investment in SageQuest Inc., a Beachwood, Ohio-based provider of automated vehicle location services. The Hopewell investment, part of a $4 million Series C financing round, marks the seventh Midwest portfolio addition for the $110 million venture capital and private equity fund. SageQuest will use the additional financing to expand its sales and marketing efforts nationwide.

SageQuest delivers end-to-end vehicle tracking that provides customers with in-depth information to better manage their mobile resources. Founded as a spin-off from a technology group with more than 40 years of telecommunications experience, SageQuest combines GPS and wireless technologies, along with its proprietary tools, to enable customers to easily access highly valuable slices of data. SageQuest helps clients managing mobile workforces to improve both top and bottom line performance through:

• Route optimization to increase revenue by maximizing appointments/stops
• Cost savings by decreasing overtime, fuel use and mileage
• Driver tracking to improve driver safety, security, and productivity
• Enhancing customer satisfaction through increased average customer time
• Managing risk and reducing liability by reducing unauthorized usage and deterring theft

“We are thrilled that Hopewell Ventures has teamed with us in this exciting endeavor. We are confident that SageQuest is in a position to deliver unique value and unparalleled service to our rapidly expanding client base across the country,” said Dennis Abrahams, SageQuest president and chief executive officer.

Hopewell Ventures has tracked the company for more than a year, according to Partner Tom Parkinson. “We’ve been impressed by the way the company has been able to demonstrate strong market traction and are excited to be involved with this growing business,” Parkinson said.

About Hopewell Ventures
Hopewell Ventures (www.hopewellventures.com) is a Chicago-based $110 million venture capital and private equity fund. Licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC), Hopewell targets its investments to enterprises in the Midwestern states. Other Hopewell investments include: InStadium, an innovative sports marketing and advertising company; iTRACS, a leading provider of physical layer network infrastructure management solutions; TLContact, which licenses a private patient Web page service, called CarePages, to the nation’s leading healthcare institutions; CSMG, a sports talent, marketing and management firm that represents high-profile athletes such as Dwyane Wade of the Miami Heat and Donovan McNabb of the Philadelphia Eagles; Compass Care, a software provider that helps the outpatient healthcare industry better manage costs and the delivery of treatment; and Diversified Graphics, Inc., a Minneapolis-based print solutions and stationery products company.