December, 12, 2007

Reinvent Technology, Inc. Secures US$47.5 million Financing Facility

Revolving credit line from Bank of America, SVB Silicon Valley Bank and CIBC

VANCOUVER, B.C.  – Reinvent Technology, Inc., a global media and Internet technology company, today announced that the company has structured an agreement for a $47.5 million senior secured financing facility led by Bank of America, and including SVB Silicon Valley Bank and CIBC. These funds will be used to finance targeted acquisitions for the company’s growing Internet business.

The company has been profitable with no debt since its inception in 2000. It has decided to leverage its business for growth.“This financing marks a very exciting time for Reinvent. As the company continues with our growth plans to acquire a wide range of valuable Internet domains and related businesses, we look forward to building  on our extensive inventory of virtual real estate,” said Chief Executive Officer Dr. Kevin Ham.

Reinvent Technology owns and manages one of the largest Internet domain name portfolios in the world. The company’s sites generate a substantial amount of highly-targeted traffic through Direct Navigation. In addition to managing its own portfolio, Reinvent also provides domain solutions and management services to third-party domain owners.

About Reinvent

Founded in 2000, the Reinvent media group uses its intelligent technologies and world-class domain name portfolio to connect people around the globe. The Reinvent media group is a leading pioneer in the business of Direct Navigation, monetizing over one million domain names and websites, including its own portfolio of 400,000 premium domain names, such as God.com, Mother.com, and HDTV.com. With offices in Vancouver, Canada and Barbados, the group is focused on organizing the world's information in a useful and meaningful way through its Semantic Web Technology, its Virtual Cities and Global Advertising Networks. The Reinvent media group's mission is to enlighten and connect people through words and visual information.

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