This presentation is a high level summary of Nile Capital. For more information, contact: Bob Roach (617) 641-2865

Nile Capital, LLC, (“Nile”) is a minority owned, boutique

investment firm focused upon closely held and publicly traded
microcap companies
Nile facilitates access to capital, exit/liquidity events, corporate

finance advisory, business development and strategic planning
The principals of Nile have broad and varied experience in

private placements, venture capital, corporate finance, M&A,
investor relations and operations
Nile proactively works with clients in a variety of industries to

create and enhance shareholder value utilizing a strategic,
operating and balance sheet perspective
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Nile Capital, LLC

Facilitate access to acquisition and growth capital for select

companies with defined markets and extraordinary growth and ROI
potential
PIPE, venture capital, private equity and mezzanine debt financings

Industry agnostic, but specific analytical capabilities in Life Sciences and

technology companies
Accelerate the achievement of business and financial objectives

Provide hands-on strategic, financial, operational and investor relations

expertise and assistance
Utilize Nile’s internal resources as well as Nile’s strategic partner

relationships to enhance and maximize shareholder value
Develop, drive and execute viable exit/liquidity scenarios

Merger & acquisition advisory

Wealth creation for principals and investors
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Decision modeling, economic valuation and strategic planning tools

for intellectual property-centric companies
Life Sciences Expertise

200 years of combined experience in all aspects of pharmaceutical, R&D

and marketing (www.decisionoptions.com/html/people.htm)
Risk and portfolio management of projects, companies and intellectual

property
Business, technology, intellectual property and candidate valuation and

selection
Technology and business due diligence

Licensing deal structuring and intermediation

Project design, capacity planning, manufacturing optimization and

incentive design
Strategic and operational planning and management

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Objective: Select the best projects/entities to maximize value

Value of intellectual property, product, R&D program, technology,

market position and brand
Facilitate project selection, pricing, transactions and deal structuring

Objective: Allocate limited resources to create the best

portfolio to maximize enterprise value
Allocation of all resources: people, skills, money, capacity and time

Objective: Design projects/entities to maximize value

Assist in deciding the timing and intensity of investments, nature of

investments, exit strategies, resource planning, as well as in-house
versus outsourcing alternatives
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Nile provides a platform for transaction professionals to operate and close

transactions under the umbrella of a FINRA-licensed firm
Up to 75% payout of commissions (including equity)

Leverage Nile’s network of professionals

“Eat what you kill” environment

Nile focus on being more than an investment bank, but a partner that can

facilitate:
Corporate finance advisory (PIPE’s, venture capital, private equity, valuation

and M&A)
Investor relations

Business development, operational and marketing support for companies in

life sciences, software and clean energy
Contract CFO

Possible future service offerings in investment research and investment

advisory
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Fear and uncertainty rule the markets

No indication that Washington has a handle on a solution to the economic

malaise
Long on rhetoric, short on details

The $787 billion pork-laden (but no earmarks) stimulus bill includes

approximately $132.7 billion of infrastructure spending (17%) and $50
billion allocated to energy (6%)
Venture capital investments in 2008 declined by 8% to $28.3 billion from

2007 levels
Q4 2008 venture capital investments of $5.4 billion represent a 26% decrease

from Q3 and are at their lowest level since Q1 2005
Potential adverse affects of proposed change in tax structure of carried

interest from capital gains to ordinary income status
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Energy

$50 billion of stimulus spending for renewable and clean energy (mitigated by
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a global decline in government subsidies)
Passage of a Cap & Trade program should increase overall electricity prices

making renewable energy more economically feasible
Renewable energy production in the US expected to grow from 8.4% to

12.5% in 2030
54% growth in 2008 VC investments in clean energy to $4.1 billion
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Information technology

Windfall from $19 billion stimulus allocation to healthcare IT
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Financial Services

Factoring, micro-lending and other opportunities that take advantage of the

credit crunch
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Life Sciences

Attractive exit/liquidity multiples possible compared to other sectors, even in
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tough markets
Value inflection points (Phase II, Phase III, FDA approval)
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Challenges to the large pharmaceutical model has made them active acquirers

and competitors for high quality assets
Impending patent expirations of major prescription drug revenue drivers in

the 2010-2013 period
The traditional VC biotech model is broken (our opinion) creating

opportunities for alternative financing and liquidity structures and a “buyer’s”
market
Adverse factors:
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2008 VC investments in Life Sciences declined 15% to $8 billion

Potential reductions in patent protection favoring generic manufacturers may have significant

adverse affects on R&D
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Typical clients range from early stage to $50 million in revenue

Investment banking plus other services and strategic relationships to drive

wealth creation
Platform for experienced transaction professionals
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Industry opportunities
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Energy

Life Sciences
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Information Technology

Financial Services
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From uncertainty comes opportunity!!
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•Venture Capital Opportunities
Robert G. Roach, Jr. Boston, MA
•Acquisitions/roll ups
CEO & Managing Director
•PIPES
roach@nilecapital.com
•Hedge Fund Marketing
•Contract CFO
•Investment Advisor
•Acquisitions/roll ups
Graham Phillips Los Angeles, CA
•PIPES
Managing Director
•Later Stage Opportunities
gphillips@nilecapital.com
•Hedge Fund Marketing
•Contract CFO
•Compliance & Operations
Mary Lecca Boston, MA
•Transaction Support
Vice President &Compliance Officer
•Investment Advisor
mlecca@nilecapital.com
•Hedge Fund Marketing
Debra Goundrey New York, NY
Vice President
dgoundrey@nilecapital.com
•Acquisitions/roll ups
Greg Harrison Los Angeles, CA
•PIPES
Vice President
•Later Stage Opportunities
gharrison@nilecapital.com
•Venture Capital Opportunities
Henry Noel Boston, MA
•Acquisitions/roll ups
Vice President
•PIPES
hnoel@nilecapital.com
•Investor Relations
Christine Petraglia New York, NY
•PIPES
Vice President
cpetraglia@nilecapital.com
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VRP Enterprises: Vehicle replacement protection company. Nile principals raised a small Angel

capital round for this developmental stage provider of vehicle replacement protection for US car
buyers. Nile also provided business development introductions.
Ability Reinsurance: Reinsurance company. Nile principals drafted the business plan and secured a

$300MM private equity commitment to fund a start-up reinsurance company.
Fulfillment Plus: Call center and fulfillment company. Nile principals assumed the role of COO/CFO

for the company. During a three year period, the company achieved a revenue increase from $9MM
to $43MM. In addition, $3MM of expansion capital was raised from Angels and Nile principals
developed comprehensive business plan financial and pricing models to drive and support profitable
growth.
Time Domain Corporation: Ultra-wideband telecommunications technology company. Nile

principals raised $2.5MM of venture capital for this developmental stage technology company.
Advanced Radio Telecom: Fixed broadband wireless services company. Nile principals assisted ART

in raising $7.5 million in institutional venture capital and $2+ million in Angel capital. The principals
also performed M&A advisory on three acquisitions, sourced a strategic relationship, and marketed
the company to Wall Street investment firms, which lead to the eventual IPO.
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