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For Immediate Release

BIA DIGITAL PARTNERS II LP ANNOUNCES SECOND CLOSE AND FIRST INVESTMENT

BIA Digital Partners II LP (the "Fund"), a private equity firm located in the Washington, DC area, announced it has completed a second closing, bringing its committed capital to $31,175,000. The Fund continues to fundraise actively with a target of $60,000,000. Additionally its subsidiary, BIA Digital Partners II SBIC LP, is in the final stages of a debenture license application to the Small Business Administration which, if approved, will provide additional lower-cost, long-term financing of up to two times private capital to support investing. A final closing of this Fund is expected in the fourth quarter of 2006.

As a successor to BIA Digital Partners LP, an $88 million fund with 17 investments, the Fund invests in primarily mezzanine securities of private companies in the media, telecommunications, information and business services industries. This includes sectors such as business publishing, television, telephony, new media, wireless communications, databases, cable television, security alarm, radio, newspapers, yellow-pages, direct marketing, education, outdoor advertising, and theaters, as well as related business services. The Fund recently closed its first investment, a $6 million commitment to a Midwest mobile video production company. Trio Video, L.L.C., located in Chicago, provides High Definition, digital and analog production capabilities to clients such as WGN-TV (Chicago Cubs), Comcast Sportsnet (Chicago Bulls and Black Hawks), the Milwaukee Bucks, and FOX (NFL). Proceeds will be used to recapitalize the Company and build a third HD truck.

For additional information on BIA Digital Partners II LP, please contact Lloyd Sams or Gregg Johnson at (703) 227-9600 or visit our website at www.biadigitalpartners.com.

About BIA Digital Partners
BIA Digital Partners is a private investment firm managing over $225 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid-to-later stage companies operating in the traditional and online media, entertainment, telecommunications, information and business and consumer services industries. Investments generally range from $4 to $12 million and are in the form of subordinated debt with warrants or preferred equity. For more information, go to www.biadigitalpartners.com.

BIA Digital Partners has two affiliates, BIA Capital Strategies, LLC and BIA Financial Network (BIAfn). BIA Capital Strategies provides merger and acquisition advice and arranges equity and debt funding. BIAfn, the nation's leading communications appraisal and valuation firm for more than two decades, assists with valuations, research and analysis, strategic consulting, and financial and operational consulting. For more information, visit www.biacapital.com and www.bia.com

CONTACTS:

For BIA Digital Partners:
Media: Robert Udowitz (703) 621-8060, rudowitz@bia.com

MacKenzie Lovings, (703) 802-2991, mlovings@bia.com

Corporate: Scott Chappell, (703) 227-9610, schappell@bia.com

Damien Dovi, (703) 227-9650, ddovi@bia.com