David Jones Named Partner at Southern Capitol Ventures
Venture Capital Firm Continues to Build Footprint in Southeast and Mid-Atlantic Regions

RALEIGH, N.C. (September 25, 2008) - Southern Capitol Ventures (SCV), a North Carolina-based early-stage venture capital firm dedicated to helping outstanding entrepreneurs build market-leading companies, today announced that David Jones has become a full partner with the firm. Currently the SCV board member at ArtusLabs and the Piedmont Triad Entrepreneurial Network (PTEN), Jones has been with SCV since 2005.

"David brings a wealth of talent, energy and drive to our ongoing activities," said Ben Brooks, founding partner of Southern Capitol Ventures. "He is highly respected by his peers and the entrepreneurial community and has helped our firm expand its reach while developing an excellent reputation throughout the Southeast and mid-Atlantic regions. We are very fortunate to have him as a member of our team."

Before joining Southern Capitol Ventures, Jones was a senior information technology consultant for Deloitte Consulting where he managed strategic technology projects for the Department of Homeland Security. Prior to that, he co-founded a medical device portal, Orthocopia.com, which provides surgical information to operating room professionals. Jones' background in technology stems from the military where he served as a Naval Aviator flying over 1900 hours in the P-3C Orion.

"David has become an important member of the SCV team and has helped further elevate the firm's position in the market," said Scot Wingo, chief executive officer of ChannelAdvisor. "Southern Capitol Ventures is now known as one of the best connected early stage venture capital firms in the Southeast and mid-Atlantic regions and David is one of the key drivers who helped make this happen."

Jones received his B.S. in Electrical Engineering from the US Naval Academy, his M.S. in Management Information Systems (MIS) from the University of Virginia and his M.B.A. from UNC - Chapel Hill. Jones was recently named to the Triangle Business Leader's 2008 Movers and Shakers list.

About Southern Capitol Ventures

Founded in 2000, Southern Capitol Ventures (SCV) is a Raleigh, North Carolina-based venture capital firm dedicated to helping outstanding entrepreneurs build market-leading companies. The firm is focused on providing capital and guidance to early-stage technology companies across the Southeast and Mid-Atlantic. Previous investments have included Art.com, ArtusLabs, Batanga, ChannelAdvisor, DoublePositive, eTix, ReverbNation and Synthematix (acquired by Symyx NASDAQ:SMMX). For more information, please visit www.southerncapitolventures.com.

Media Contact:

Amanda Brown (for Southern Capitol Ventures)
ClearImage
(919) 863-2393 ext. 212
amanda.brown@clearimagepr.com