Repliqa.com Secures Financing - Presents at ETRE 2006

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Mark E Seremet, co-founder of Take Two Interactive Software (publishers of Grand Theft Auto), announced today that his start-up Repliqa.com has secured its first round financing. Mr. Seremet will speak about Repliqa at the upcoming European Technology Roundtable Exhibition in Barcelona, Spain.

Repliqa.com, co-founded by Mark E. Seremet and Dr. Antony Davies, announced today that it had previously secured an angel financing round of $300,000 shared by Mr. Seremet and one additional investor. Mark Seremet was the founder & CEO of Paragon Software, a 1989 SBA Young Entrepreneur of the year, the co-founder and president of Take Two Interactive Software (NASDAQ:ttwo), COO for Picis, Inc., and, most recently, served as CEO for Spreadshirt.com where he successfully launched the Leipzig-based company in North America.

Dr. Davies is a professor of finance, economics and statistics at Duquesne University and a consultant to the US Congress. He has previously served as an Economist for the Burney Company and CFO, Chief Analytics Officer for Parabon Computation.

Repliqa, while not yet released to the public, is a powerful web application that employs super computation across an Internet, distributed grid. Moreover, the software utilizes a proprietary statistical package developed by Dr. Davies that has led to significant discoveries, an FDA approval, and received a NASA grant. Repliqa will power numerous applications from shopping to social networks to corporate applications.

The company is in the process of completing a $2 million second round of angel financing through Pittsburgh-based investors. Mr. Seremet will speak about Repliqa at the upcoming European Technology Roundtable Exhibition in Barcelona, Spain.

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