DECATUR Bio Analytical SERVICES, LLC
FOR IMMEDIATE RELEASE
9 A.M. CST, March 10, 2006

Formation of Decatur Bio-Analytical Services, LLC.  Announced Robin King named as Chief Executive officer

DECATUR, IL, MARCH 6, 2006:  Illinois Ventures for Community Action, InDecatur Ventures and David R. Snoeyenbos have joined forces to form Decatur Bio-analytical Services and to acquire the primary ownership interest in EPL – BAS from Ms. Susan Bird.   In a related move, the new company announced that it had hired Ms. Robin King as the new CEO of EPL – BAS, effective November, 2005.  Ms. King is an industry veteran with more than 20 years of industry experience, including work in leadership positions at Monsanto and most recently Romer Labs. 
 
David R. Snoeyenbos, a long-time investor in EPL – BAS, said: “We are thrilled to have an individual of Robin King’s technical and leadership capabilities and industry stature join us as the new CEO of EPL – BAS.  As investors, we are obviously excited about the future of this business; the fact that Robin was willing to begin her work here prior to our having actually completed the transaction speaks volumes about her outlook for the success for the business and for her commitment to help achieve that success.  It is also important to recognize the key contribution of Susan Bird in achieving this transaction.  Susan’s commitment to the ongoing future of this business is a key reason we are able to make today’s successful announcement.”
 
Robin King added: “I was attracted to EPL – BAS because of the quality of the work that it does and the quality of the professionals here who do that work.  These are the reasons why I believe so strongly in the future of this business.  Today EPL is a key player in performing critical scientific analysis for seed manufacturers and others in the food industry.  This is an industry whose demands for the services provided by firms like EPL are undergoing dramatic growth.  I strongly believe EPL, with its proven track record, experienced professionals and unique technical capabilities can play a major role in meeting this growth in industry needs.  I am excited to be part of this opportunity.”
 
John Farrell, President and CEO of Illinois Ventures for Community Action added: “IVCA has been proud to have been an investor in EPL – BAS for several years.  We have been and we remain committed to helping this business realize the full potential of the opportunity that clearly seems to exist today.  We are clearly excited about playing a lead role in establishing this new entity, Decatur Bio-analytical Services, and in acquiring for the company the primary ownership position in EPL – BAS.  Our success would not have been possible without the cooperation and support of the local officials of Regions Bank.  Everyone who was involved in this effort worked towards a common goal of establishing a business with a much improved financial foundation.    We believe the outlook is exceptionally promising, and this outlook is greatly enhanced by the strong leadership provided by Robin King.” 
 
Larry Altenbaumer, Fund Manager for InDecatur Ventures, commented: “We have been working with Dave Snoeyenbos and John Farrell for much of the past year in an effort to develop and complete this opportunity.  We are obviously delighted that we could play a role in this exciting business opportunity that not only helps retain more than twenty existing professional jobs, but also paves the way for the promise of significant future growth.  This transaction gives the employees of EPL the opportunity to succeed.  Seeing their excitement and enthusiasm provides its own unique gratification.  Being able to retain this opportunity in Decatur was a high priority for all of us involved in this transaction.”
 
EPL – Bio-Analytical Services is a contract research laboratory providing analytical services to the agricultural, chemical and biotechnology industries, in full compliance with United States Environmental Protection Agency Good Laboratory Practice standards.
Illinois Ventures for Community Action is a not-for-profit venture capital firm organized in 1984 by a network of Illinois Community Action Agencies and the Department of Commerce and Economic Opportunity with an objective of providing imaginative and innovative financial solutions to help businesses throughout the state increase job creation. 
InDecatur Ventures is a venture capital firm organized in 2003 with a goal of helping support business and economic development in the greater-Decatur area through investments in start-up, early stage and business growth opportunities.  InDecatur’s work is enhanced through a collaborative partnership with Millikin University’s Center for Entrepreneurship.
David R. Snoeyenbos is an individual investor and local businessman; David formerly owned and managed Decatur’s Airfloat Systems, which engineered and constructed specialized air bearing material handling equipment. 
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Formation of Decatur Bio-Analytical Announced and Robin King Named as CEO

Date: 03/10/06