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For Immediate Release

BIA DIGITAL PARTNERS II LP ANNOUNCES FINAL CLOSE OF $195 MILLION MEZZANINE FUND

(CHANTILLY, VA, July 9, 2007) - BIA Digital Partners, an investment management firm located in Northern Virginia, announced the final close of its second private equity fund. BIA Digital Partners II LP (the "Fund") closed on $65 million of capital commitments from limited partners, which with leverage equates to a fund size of $195 million. The Fund is licensed as a Small Business Investment Company by SBA.

"Exceeding our original $150 million target is affirmation that our business model works and we have built a strong team to execute," said Lloyd Sams, Managing Principal. "Now we can consider investments of up to $12 million from our own account, and larger transactions with co-investment from our limited partners."

"We are delighted with the support provided by our returning limited partners, as well as the caliber of new investors who joined the Fund," added Managing Principal Gregg Johnson. "LPs include both domestic and European top tier groups."

The Fund provides mezzanine capital for small to medium-sized media, telecommunications, information, and related business services firms throughout the United States. Together with BIA Digital Partners LP, an $88 million fund launched in 2001, BIA Digital Partners now has more than $280 million of assets under management. Capital is available for growth, recapitalizations and LBOs/MBOs.

Five investments have been concluded to date in BIA Digital Partners II LP:

  1. Trio Video, LLC - a midwest provider of mobile production services for sporting, entertainment and corporate events.
  2. Willamette Broadband, LLC - a suburban cable system operator in central Oregon.
  3. Hoffman Media, LLC - a leading publisher of special interest magazines targeted at southern lifestyle and craft enthusiasts.
  4. United Metro Media, LLC - a multi-media local employment services group with operations in 21 markets.
  5. EyeWonder, Inc. - a leading provider of rich media and online video advertising products and services.
The Fund is expected to have a total of approximately 20 portfolio companies. Sectors of interest include broadcasting, publishing, cable television, new media, local exchange carriers, towers, direct marketing, education, outdoor advertising, security alarm, and business services.

For additional information on BIA Digital Partners, 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 equity firm providing junior capital to middle-market communications companies. The Fund's capital is available for growth, recapitalizations and LBOs/MBOs. The Fund focuses on mid to later-stage companies operating in the media, telecommunications, and related business services industries. For more information, visit 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.