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Lloyd Mandell and Robert Pflieger Bring Over 20 Years of Experience

NEW YORK, Aug. 8 /PRNewswire/ -- Generation Partners, a leading venture capital firm, has named Lloyd Mandell and Robert Pflieger as Partners of the firm.

"Both Lloyd and Rob have been with the firm since inception, and have made significant contributions to our success," said Mark E. Jennings, Managing Partner at Generation Partners. "Their promotion recognizes their increasing leadership roles at Generation, and it reflects the strong growth we have experienced in the past few years."

Mr. Mandell has been with Generation Partners since 1996. Before joining Generation, Mr. Mandell was a principal investor at Centre Partners from 1993-1996 and has also held positions in mergers and acquisitions at Gleacher & Co, the Corporate Finance department of Donaldson, Lufkin & Jenrette Securities Corporation, and at Microsoft Corporation. Mr. Mandell received his Bachelor of Science degrees in Economics and Engineering from the University of Pennsylvania. He currently serves on the board of OrderFusion.

Prior to joining Generation in 1996, Mr. Pflieger was a principal investor at UBS Capital LLC, the merchant banking subsidiary of the Union Bank of Switzerland. Prior to joining UBS Capital, Mr. Pflieger held positions at Centre Partners L.P. from 1991 to 1993, in the Corporate Finance department of Donaldson, Lufkin, & Jenrette Securities Corporation, and at Wellington Management Corporation, a money management firm. He received his Bachelor of Science degree in Business Administration from the University of Michigan, and his MBA from the Harvard Graduate School of Business. Mr. Pflieger currently serves on the boards of New Wave Broadcasting, DiscoverMusic.com, Metro Label, and High End Systems.

About Generation Partners

Generation Partners is a leading venture capital firm focused on information technology and communications companies. Some of Generation's portfolio companies include: Hotjobs.com, Promatory Communications, driveway.com, iAsiaWorks, e-STEEL, PartMiner, OrderFusion, National Transportation Exchange, DiscoverMusic.com and American Cellular Corp. The firm currently manages $325 million of committed capital from its offices in New York City and San Francisco. For more information on Generation Partners, please visit www.generation.com