Vancouver, Canada - July 1, 2002 - Smart Seed Inc., one of Vancouver’s best known specialized financing boutiques, is pleased to announce the appointment of Peter Inman as General Partner joining Founding Partners Alnoor Kassam and Shaheen Tejani. “We are delighted to have a senior executive of the caliber of Peter join the partnership,” said Shaheen Tejani. “He will make immediate and lasting contributions to our growth to become a premier Canadian player in the VC landscape”. Mr. Inman has over nineteen years experience in the high technology industry, including appointments with Microtel Limited, a leading Canadian electronics manufacturing company; MPR Teltech Ltd., a high technology spin off of BC TELECOM Inc. (a unit of GTE); Pivotal Software Inc. (NASDAQ: PVTL), a leading provider of customer relationship management software and Zi Corporation (NASADQ: ZICA), a company focused on developing and delivering intelligent interface solutions to the wireless and consumer Internet spaces. Mr. Inman holds a MA from the University of Cambridge and qualified as a Chartered Accountant with Arthur Andersen & Co. where he was a Senior Manager. About Smart Seed Inc. Smart Seed was formed in early 1999 by General Partners Alnoor Kassam and Shaheen Tejani, to fill the growing demand for early-stage venture capital in Vancouver. Eleven companies have been funded over the past three years and as a result of that investment and Smart Seed’s commitment to these companies and their management teams a further $35 million has been raised. -30-