SOURCE: Lalisio GmbH

July 17, 2007 10:00 ET

Lalisio Secures Seed Money Investment From bm-t beteiligungsmanagement thüringen gmbh

Following the Merger of German Lalisio GmbH and US-American QUASM Inc., bm-t Acquires 25% Stake of Lalisio; the Companies Have Agreed to Maintain Silence About the Purchase Price

ERFURT, GERMANY--(Marketwire - July 17, 2007) - Lalisio, the social network for scholars worldwide, will use the investment to complete the integration of QUASM and Lalisio, to establish a stronger U.S. presence, and to integrate the QUASM Search and Presentation Engine into the established Lalisio website at www.lalisio.com. A larger follow-on round of financing is anticipated by the end of 2007 to fund an enhanced marketing plan and to explore additional applications of the QUASM Search and Presentation Engine in other commercial fields.

"The knowledge network of Lalisio discovers a highly profitable niche in the tremendously growing, dynamic and promissing market of social networks," says Dr. Guido Bohnenkamp, Managing Director of bm-t. "Furthermore, we expect an above average increase in traffic on Lalisio once QUASM's patented Search and Presentation Engine has been implemented into the portal."

Ute Rother, Managing Director of Lalisio, adds: "We are looking forward to expanding our good cooperation with bm-t. Together with bm-t we will continue our expansion into the rapidly developing market of Internet communities, knowledge management tools and new generation engines."

About Lalisio: Founded in February 2001, Lalisio connects scholars of all academic disciplines around the world at www.lalisio.com. Lalisio enables scholars and students to conveniently access, share and connect knowledge globally. In April 2007, Lalisio merged with the US-American QUASM, Inc..

About bm-t: The German bm-t beteiligungsmanagement thüringen gmbh, a subsidiary of Thüringer Aufbaubank, is the management company of four investment funds, in which the state of Thuringia is the main shareholder. At present, bm-t has invested a total amount of EUR 53 million in 40 companies in Thuringia. More information is available at www.bm-t.com.

Contact Information

  • Contact Information:
    Lalisio GmbH
    Rudy Mazzocchi
    Chairman
    PH: 321.229.2014
    Email: Email Contact
    www.lalisio.com

    bm-t beteiligungsmanagement thüringen gmbh
    Dr. Guido Bohnenkamp
    Gorkistraße 9
    99084 Erfurt
    Germany
    PH: +49 (0) 3 61 7447 601
    FAX: +49 (0) 3 61 7447 635
    www.bm-t.com