Toronto, Ontario – September 7, 2006 – Generation 5 Mathematical Technologies Inc. (“Generation 5”), a leading provider of advanced consumer information, announces that it has secured a US$2.0 million venture loan from MMV Financial Inc.
Generation 5 is well recognized across North America as being a leading provider of advanced consumer information and data driven marketing solutions. The Company has been successful in providing its clients with unique household specific data and automatic analytics that is in turn used to direct market to consumers versus traditional inefficient mass marketing techniques. Clients include Kraft, Citibank, Chase Bank, Microsoft, Canada Post, and Canada’s six largest Banks.
"This financing allows Generation 5 to aggressively pursue its growth strategy, in particular into the US market and position Generation5 as a Consumer Information Factory” said Dr. Milorad Krneta, President and Chief Executive Officer of Generation 5. "MMV’s deal team understood our unique Mathematical Technology and we are pleased to have them as a financial partner.”
“We are very excited about this opportunity in the consumer data analytics marketplace,” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “We believe Generation5’s experienced management team, unique data analytics software, and impressive North American client base will position the company for promising growth.”
About Generation 5 Mathematical Technologies Inc.
Generation 5 (www.generation5.ca) is a leading provider of Consumer Information and Consumer Automatic Analytics. Its proprietary Mathematical Technologies have been developed in its own Laboratory over the past eight years. The customers of Generation5 number among the largest North American companies from all types of verticals.
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, NewStar Financial Inc, and Wells Fargo Company. For more information visit http://www.mmvf.com/ or contact:
Greg Dimmer, Senior Vice President
MMV Financial Inc.
Tel: (416) 977-9718