Italian and US Incubators Merge for Global Presence

[Florence, ITALY] Italian Internet incubator, NetStrategy and the Los Angeles-based
accelerator NetCatalyst, announced a merger that, according to management, will fulfill
the global expansion visions of each company.

“With a physical presence in the United States, in Europe and in Asia,” said
Niccolo Innocenti, managing director of NetStrategy, who will become
CEO-Europe for the new company, “and because our management has experience
at the highest levels, we will be able to ensure global contacts with the
leading players in the market, providing greater opportunities for
international IPO, mergers and acquisitions.”

Thanks to the merger, NetStrategy will consolidate its international role,
becoming the European headquarters for the new company. Its management
responsibility will incorporate not only Italy, but also branch offices
already established throughout the continent.

“Our goal is international,” explained Ron Posner, Chairman of NetCatalyst
and future Chairman of the new company. “We are moving quickly and we would like to become in
every way the first global reference network for the New Economy. The merger
with NetStrategy and our [recent] partnership with Mindship are fundamental
strategic moves to reach our goal.”

NetCatalyst’s partnership with London’s Mindship will provide the new company with
a working office in London as well as its first outlet into the Asian
market, thanks to Mindship’s Singapore branch.

Inasmuch as the merger agreement was sought and approved wholeheartedly by
the management of NetStrategy and NetCatalyst, it is still subject to the
approval of the member assembly of each company. The new company, while
being based in Europe, will take the name NetCatalyst.