Microlanguage Receives Technology Fund Investment
$250,000 Equity Investment Follows an ESD Grant in April

Amherst, NY--September 10, 2002 -- Microlanguage™ (microlanguage.com), whose intelligent language processing technology enriches knowledge management and information extraction applications, announced today that they have been approved by the Empire State Development (ESD) Board of Directors to receive a $250,000 equity investment from the Small Business Technology Investment Fund (SBTIF). The investment follows a $100,000 grant from ESD in April of this year.

"This investment brings Microlanguage another step closer to assembling the capital that will fund our product and business development strategies over the next 9-12 months," said Robert Fritzinger, president and CEO of Microlanguage. "It also underscores the confidence the investment community is expressing in Microlanguage, and will help fuel our emergence as a leading provider of concept extraction technology and data visualization applications."

Microlanguage's Thematix intelligent language processing technology improves the precision and performance of knowledge management (KM) and information extraction applications and the information services that portal information providers deliver to Global 2000 enterprise customers and government agencies. Microlanguage delivers Thematix in two forms: an SDK that enables application developers and system integrators to integrate Thematix with KM, CRM, and data visualization applications, and embedded, custom applications that service unique end-user requirements.

The SBTIF, which is administered by ESD, was created in an effort to provide start-up high-tech companies throughout New York State with a source of venture capital to promote new job creation and economic growth. Fritzinger said, "We're fortunate to live in a state that affords Microlanguage access to public sources of investment capital the likes of which the SBTIF provides."

Charles A. Gargano, Chairman of ESD said, "The SBTIF currently has a portfolio value estimated at more than $40 million, an increase in valuation by over 2.6 times its 1995 value. The Fund's success has allowed us to continue to satisfy the original legislative intent of using its revolving returns to continue making investments in promising companies such as Microlanguage at no expense to taxpayers."

"Companies like Microlanguage are going to be the leaders in the resurgence of the new Buffalo Niagara economy," said Tom Kucharski, president and CEO of Buffalo Niagara Enterprise and Erie County IDA. "We're happy that this investment will help them to continue to grow and become a leader in their industry. They're a great example of a smart company who is taking advantage of our people, product and services."

Cian Robinson, Executive Director of InfoTech Niagara said, "We congratulate Empire State Development and Chairman Gargano for creating the SBTIF and for having the vision to invest in a highly promising company like Microlanguage. It has been a privilege to help Microlanguage obtain the necessary funds to facilitate their growth. We look forward to our continued involvement in Microlanguage's emergence as a leading provider of concept extraction and data visualization technologies."

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