Discovery Capital Corporation

Discovery Capital Corporation

November 09, 2005 13:52 ET

British Columbia Discovery Fund Portfolio Companies to Present at the Canadian Financing Forum-Nov. 15 & 16 in Vancouver-Five BCDF Companies to Present of 38 Companies Selected from Across Canada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - British Columbia Discovery Fund (VCC) Inc. and Discovery Capital Corporation (TSX VENTURE:DVY.Y) -

Discovery Capital Management Corp. ("Discovery Capital"), manager of British Columbia Discovery Fund (VCC) Inc. (the "Fund" or "BCDF"), is pleased to announce that five of BCDF's eleven portfolio companies are part of the 38 early stage information technology, biotech, cleantech and advanced technology companies selected from across Canada to present at the Canadian Financing Forum to be held in Vancouver on November 15 and 16, 2005. The Canadian Financing Forum matches Canadian and US venture capital investors with top investment prospects lead by serious entrepreneurs looking to build world-class technology companies. The Forum is one of the most respected resources for North American investors seeking to recognize, gain exposure to and facilitate partnership with the best and most promising technology entrepreneurs and companies that are based in Canada.

The five BCDF portfolio companies selected are:

Day4 Energy Inc. - Day4 is a manufacturer of Photovoltaic power generation products for the world's electricity markets.

Inimex Pharmaceuticals Inc. - Inimex is a biopharmaceutical company developing new medicines based on selective enhancement of innate immunity.

In Motion Technology Inc. - In Motion develops systems and software extending broadband LAN to mobile environments.

Tantalus Systems Corp. - Tantalus has commercialized a communications system for electric water and gas distribution utilities.

Vivonet Inc. (prospective) - Vivonet is an application service provider providing fully integrated enterprise management, payment processing and point of sale systems for selected retail markets.

Please see the Fund's new website at for more detailed information regarding these and other BCDF portfolio companies.

"This is a record representation for Discovery Capital at this important Canadian venture capital event," remarked Harry Jaako, President of BCDF. "These five presenting companies have been selected as "top prospects" in Canada and are indicative of Discovery Capital's excellent deal flow resulting from our nearly twenty years of venture capital investment experience. BCDF now has a portfolio of eleven diverse investments in public and private companies and continues to source many attractive early-stage investment opportunities."

About British Columbia Discovery Fund (VCC) Inc.

British Columbia Discovery Fund (VCC) Inc. was established to make venture capital investments in a portfolio of small businesses in British Columbia that qualify under the Small Business Venture Capital Act, focusing on all of B.C.'s top internationally recognized technology clusters; information technology, communications, health and life sciences, and energy and environmental technologies. Established in 2002, the Fund is the largest SBVCA registered venture capital corporation making diversified investments in British Columbia with the objectives of achieving long-term capital appreciation for its shareholders and contributing to the growth in value and employment of the technology industry in British Columbia. In addition to offering a means of participating in the potential of British Columbia's newest technology ventures, the Fund offers significant tax savings to eligible British Columbia individual and corporate investors. The Fund offers its shares on a continuous basis and has raised over $30 million to date. To obtain further information about the Fund, please contact a registered advisor, or visit or

About Discovery Capital Management Corp.

With nearly 20 years of venture capital experience in British Columbia, Discovery Capital is a venture fund manager and investor specializing in: information technology, communications, health and life sciences, and other advanced technologies. We have enhanced value for over 275 technology ventures, with our proven expertise in strategic planning, management development, innovative financing strategies, corporate governance and positioning for liquidity.

For more information about Discovery Capital, please visit

John McEwen, CEO, B.C. Discovery Fund (VCC) Inc. and Discovery Capital Management Corp.

Harry Jaako, President, B.C. Discovery Fund (VCC) Inc. and Discovery Capital Management Corp.

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The issuers caution that actual performance will be affected by a number of factors, many of which are beyond their control. Future events and results may vary substantially from what the issuers currently foresee.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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