April 22, 2005

City of San Diego Provides $200,000 to Local Technology Company

City’s San Diego Technology Fund Provides Working Capital to Idego Methodologies, Inc.

SAN DIEGO — April 22, 2005 — Since its inception in 1995, the City of San Diego’s San Diego Technology Fund has helped harness the power of public and private partnerships to bridge funding gaps for smaller startup technology companies. Utilizing these unique partnering opportunities offered by the City, the Technology Fund has provided more than $2 million in funding to local technology startups including most recently, Idego Methodologies Inc. which celebrated the closing of $200,000 in funding from the City.

The San Diego Technology Fund is a public revolving loan fund managed by the City’s Community & Economic Development Department that participates alongside outside private equity investors to provide pre venture capital stage growth capital to promising San Diego County entrepreneurs. The City provided $200,000 in funding to the company and served as a catalyst to secure matching private equity investments.

Idego Methodologies Inc., headquartered in San Diego, CA, develops and markets software-driven decision making and strategic planning tools. Idego's products help individuals and groups make well-informed decisions and take focused direction with a high level of quality, efficiency and effectiveness. Idego's core principle is the integration of a proprietary algorithm with a user-friendly, wizard-driven software platform that may be applied to any type of decision or strategy.

“We are excited and thankful for the unique opportunity the San Diego Technology Fund has provided us”, states Martin Pellinat, president of Idego Methodologies. “With an immediate need that exists today for consumers and organizations to process information, as well as maintain a focused and strategic competitive advantage, the VisionTree platform will continue to positively impact markets as a new standard and catalyst for improvement on both a national and global level.”

The company's flagship product is VisionTree™ including Professional, Healthcare, Classroom and Personal Editions. In simplifying the approach to decision making, VisionTree allows an individual or group’s unique qualitative and quantitative factors to be incorporated and delivers concrete decisions and action plans in a fraction of the time versus traditional methods. VisionTree’s customer base consists of health care organizations, schools and businesses across the country and has delivered significant and measurable improvement to the efficiency, effectiveness and accountability of decision making and strategic planning in all of these areas.

“We understand that small businesses like Idego are crucial to the City of San Diego’s economic vitality, and we are committed to going the extra mile to help ensure their entrepreneurial success,” said Hank Cunningham, director of the City’s Community and Economic Development Department. “The San Diego Technology Fund is a great example of the City’s commitment to our small business community and we look forward to working with other companies to help them get their products and services to the market and create jobs locally.”

For more information on the San Diego Technology Fund and other City of San Diego business assistance programs, visit the City’s web site at www.sandiego.gov/ced or call the Community and Economic Development Department at (619) 533-4233.

For more information on Idego Methodologies visit their web site at www.visiontree.com or call their office at: (619) 295-2800.