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Press Releases March
1, 2000 - Bristol Investment Group's affiliate, Net Capital Fund.com,
makes investment in Transclick, Inc.
NEW YORK - Net Capital Fund.com, a leading high-tech and Telecom venture
investment company, announced today its purchase of equity in Transclick,
a leader in technical translation services. The investment by Net Capital
Fund.com, made through its affiliate, Bristol Investment Partners L.P.1,
represents a minority interest in Transclick. Financial details of the
transaction were not disclosed.
Transclick, Inc. is building an advanced online language translation
application service provider that will aggregate the industry's leading
translation technologies to service the needs of the growing international
business community. Transclick is expected to become the leader in the
online language translation market by utilizing state-of-the-art multi-lingual
computing technology and integrating sophisticated information management
tools. The Company's "best-of-breed" system will combine leading computer
translation engines, powerful context recognition software, translation
memory and proprietary language management tools to create a new and exciting
market - Advanced Computer Translation ("ACT"). The Company's ACT system
will enable users to translate text documents, emails, faxes, instant
messages, Palm messages, and websites at a rate of up to 20,000 words
per minute with astounding accuracy to and from English, French, German,
Spanish, Italian, Portuguese, Chinese, Japanese, Korean, Arabic, Russian
and Norwegian.
"Net Capital Fund.com, with its affiliate Bristol Investment Group, is
one of the few investment firms we've seen in the online financial arena
with the management experience and focus to truly enable an end-to-end
financial solution for an early stage company such as Transclick" said
Robert Levin, CEO of Transclick. "The Net Capital Fund.com team wisely
deploys their capital resources and leverages their network of experts
to support and strengthen our infrastructure. They are one of the finest
firms to work with, both on and off the web."
"We are proud to have invested in Transclick given their expertise in
web language translation arena," said Net Capital Fund.com president Alan
Donenfeld. "We perceive the language translation market to be among fastest
growing needs on the web today. Our goal is to leverage all of our resources
to provide a wide range of new growth and expansion opportunities for
Transclick including our investment in the company, providing strategic
advice, management consulting and raising additional capital for them."
About Net Capital Fund.com
Net Capital Fund.com, is a leading e-business development and finance
company focused on web and telecommunication technology. In addition to
providing access to financial resources, Net Capital Fund.com offers companies
seeking capital full access to its affiliate, Bristol
Investment Group, a NASD broker-dealer, for investment banking activities
and access to its rich network of industry experts. For more information
on Net Capital Fund.com, or to become a member of the Net Capital Fund.com
network, call 212-572-6306 or visit www.NetCapitalFund.com.
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