Slater Technology Fund Reinvests in Providence Software Company Public Display

Providence, R.I., January 15, 2008 – Slater Technology Fund today announced that it has provided a second round of funding to Providence-based Public Display, a web application firm developing information extraction software for consumers, web publishers and advertisers. Slater has committed $250,000 in additional seed funding to Public Display, bringing its total investment in the company to $500,000.

Founded in 2006, Public Display’s development team works in information extraction, using artificial intelligence and natural language processing to help make it easier to locate, organize and act upon digital information. The company’s FuseCal application is currently in testing and available online for consumers, web publishers and advertisers. Designed to help consumers more easily organize and subscribe to iCalendar files on the web, it also allows webmasters and advertisers to pinpoint and update users based on temporal, geographic and event-related information.

“Slater’s continued support has allowed Public Display to expand product development and we are looking forward to future growth as our technology moves through testing,” said Bill O’Farrell, company founder and CEO. “Slater’s investment has been critical to increasing funding potential and outside interest.”

“Public Display has shown tremendous progress in refining its technology and attracting high-caliber talent,” said Thorne Sparkman, managing director of the Slater Technology Fund. “With its innovative web solution and strong management team, the company holds great potential, and we are greatly optimistic about its future.”

About Slater Technology Fund
The Slater Technology Fund is a state-backed venture capital fund that invests in new companies committed to basing and building their businesses in Rhode Island. Slater focuses its resources on the support of entrepreneurs who have the vision, leadership and commitment to build substantial commercial enterprises. Slater typically invests at the inception stage in the development of a new venture, often based upon ideas and technologies originating in academic institutions and/or government research laboratories located within the region. In most cases, investments are premised upon the possibility of raising substantial follow-on financing, from venture capital investors or from strategic partners, with a view toward accelerating the generation of significant numbers of high-value, high-wage jobs over the intermediate to longer-term. For more information, visit www.slaterfund.com.

For More Information
Laura Nelson
SVM Public Relations
401-490-9700
laura.nelson@svmpr.com