AfterCAD Software Announces Closing of Series A Financing and Additions to its Board of Advisors

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AfterCAD Software is pleased to announce that is has closed its Series A financing for a total amount of $1.1 million with a group of select investors. At the same time it has expanded its Board of Advisors with the appointment of Rory Holland, Jeff Philipp and Gordon Walter.

In addition, we are extremely pleased to add Rory, Jeff and Gordon our Board of Advisors and know we will benefit from the depth and breadth of their extensive experience in business management and technology ventures

AfterCAD Software is pleased to announce that it has closed its Series A financing for a total amount of $1.1 million with a group of select investors. At the same time it has expanded its Board of Advisors with the appointment of Rory Holland, Jeff Philipp and Gordon Walter.

Chris Boothroyd, CEO of AfterCAD Software mentioned that closing this financing round was a validation of the vision the founders have for the company. "In addition, we are extremely pleased to add Rory, Jeff and Gordon our Board of Advisors and know we will benefit from the depth and breadth of their extensive experience in business management and technology ventures"

Rory Holland
A veteran entrepreneur with a successful track record, Rory co-founded and managed InterTrans Logistics Solutions Limited, a software company focused on Supply Chain Management Solutions. After growing InterTrans to over 200 employees, Rory and his partners sold the company in 1998 to i2 Technologies in Dallas, Texas.

He then joined Fasken Martineau DuMoulin as the technology business advisor, assisting the firm's technology clients on issues of strategy and management. Rory was a founding partner of ideaPark Ventures Inc. which was sold to Itemus Inc. in the spring of 2000. Rory sits on the Board of Directors of several high tech companies and non-profit organizations. His skills include innovation, problem solving, and communication.

Jeff Philipp
Jeff is the founder and President of SSI Micro Ltd. His vision of a first class communications company has been the catalyst in establishing SSI as one of the leading communication companies in Northern Canada.

In 1990, Jeff established SSI Micro in Fort Providence, NT as a small business selling computer equipment to clients across the north, rapidly expanding into a sales, Internet and full service provider. Today SSI is an industry leader providing communication services throughout Canada and internationally. With his extensive IT networking skills and experience, his commitment and leadership skills Jeff likes to be involved at many levels within SSI Micro.

Gordon Walter
Management consultant Gordon Walter was originally an engineer and worked as a production manager for Proctor & Gamble, and in high performance metals development for the Boeing Aircraft Company. He became a Professor of Management and Organization at UBC in 1970, where he taught MBA students extensively as well as in Executive Programs until he left UBC in 2001.

His expertise centers on Change Management and has proven experience for a variety of business issues. Gordon is an active angel investor and mentors a number of early stage technology firms in Vancouver. Gordon holds a Ph.D. & M.Sc. from the University of California at Berkeley.

About AfterCAD Software
AfterCAD Software Inc is an innovative developer of software solutions that allow businesses to publish and showcase large and complex CAD and GIS data files onto the web, without the need for proprietary viewers. AfterCAD solutions service both the emerging Web 2.0 market through the converged presentation of 2D and 3D images into mapped spaces, as well as the traditional CAD and GIS software markets through the ability to view, mark-up and manage data files over the web.

For more information, visit http://www.aftercad.com or contact Mike Lebow, COO AfterCAD Software Inc. 604.696.1886

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