OKLAHOMA CITY (June 20, 2002) — Greg Main, Partner of Chisholm Private Capital Partners, announces that portfolio company Critical Technologies has raised $1 million in a follow-on round of financing through a convertible bridge loan. Chisholm led the latest round and was joined by J. Walter and Nicholas Duncan of Oklahoma City. Participation by other shareholders is expected to increase the level of funding up to $2 million.

"Critical Technologies has quietly developed some impressive records management technology that meets corporate America's growing safety concerns in the post –Enron and 9/11 environment," says Main. "With upcoming releases that integrate online records management and biometrics, the company should capture the attention of corporate IT executives everywhere."

Critical Technologies core product is imagio, a technology platform that allows capture, storage and retrieval of vital business documents either through internal network systems or remotely via PC, PDA or cell phone. The company also offers protigo, a professional services division that consults and manages records transfers to electronic form.
The company is headquartered in Oklahoma City, with an office in Dallas housing further sales and service personnel as well as operations staff that oversee the main repository system. Critical Technologies has created online records management solutions for organizations such as Bank of America, Southwest Airlines, Accord Human Resources, Loyola University and Ascent Assurance and currently holds more than 46 million documents.

According to Scott Klososky, CEO of Critical Technologies, the company understands that today's business records are more than just documents, reports and data, but also messages, faxes, email and other unstructured items.

"We've listened to a variety of companies, both large and small, from a wide range of industries and one thing is clear: they will not take records management for granted anymore," Klososky says. "That's why we have stuck to our original corporate mission: To develop technology that makes records safe from loss; allows people to collaborate on documents any time any where; and helps businesses store paper, PC and mainframe documents in one easily accessible system."

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To learn more about Chisholm Private Capital Partners, please visit www.chisholmvc.com.