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For Immediate Release


(Chantilly, VA October 26, 2006) - BIA Digital Partners II LP has received a license from the U.S. Small Business Administration to operate a Small Business Investment Company (SBIC). The Fund was launched in December 2005 to make primarily mezzanine investments in media, telecommunications, information and business service companies. At present, BIA Digital Partners II has $105 million available for investment, with a final close slated for December 2006 targeting $150 million. Two investments have already been consummated in the Fund, totaling $12 million.

This is the second SBIC debenture license received by the BIA Digital Partners management team, led by Managing Principals Lloyd Sams and Gregg Johnson. Their first fund, BIA Digital Partners LP, is an $88 million mezzanine fund that was fully deployed by April 2006 in 17 portfolio companies.

"SBA is a reliable partner, and we are pleased to remain in the program helping small to mid-sized communications service providers achieve their financial goals," said Lloyd Sams. "The low-cost, long-term nature of the SBIC program is particularly attractive and provides considerable funding flexibility," added Gregg Johnson.

The Fund will make subordinated debt and preferred equity investments of $4 million to $10 million per transaction, and up to $25 million with co-investment from limited partners. Sectors of interest include publishing, cable television, telephony, radio, on-line media, security alarm, towers, broadband networks, outdoor advertising, television, educational services, and related business services.

For additional information on BIA Digital Partners II LP, please contact Lloyd Sams or Gregg Johnson at (703) 227-9600 or visit our website at www.biadigitalpartners.com.