Tolman Geffs Joins JEGI as Managing Director, Online Media

NEW YORK, March 8, 2004 - The Jordan, Edmiston Group, Inc. ("JEGI") of New York, NY announced that Tolman Geffs has joined the firm as Managing Director, Online Media and Technology. JEGI (www.jegi.com) is the leading investment bank to the Publishing, Information, Exhibition and Communications industries. JEGI is widely recognized for its market leadership in middle-market mergers and acquisition advisory services, and the firm offers its clients an unparalleled network of senior-level worldwide contacts.

Mr. Geffs, 40, brings a unique combination of experience as an operator and business builder, as well as in corporate finance and M&A, in both traditional and new media companies. Prior to joining JEGI, Mr. Geffs was CEO of Internet Broadcasting Systems, a national network of 70 local television Web sites operated in partnership with NBC, Hearst-Argyle Television, The Washington Post Company and other major broadcasters. He led the company’s growth to national coverage, managed its capital raising and corporate finance activities, built the sales operations and directed it to profitability.

Previously, Mr. Geffs held the position of CFO for Capital Publishing, a consumer magazine publisher, where he steered new business development and managed the sale of the company. During his tenure with Plaza Communications, he helped turn around the company’s flagship publication, Registered Representative, the #1 magazine for stockbrokers. JEGI represented the company in its eventual sale to Primedia.

Mr. Geffs began his career in the M&A department of Shearson Lehman Brothers, and also consulted for media companies with McKinsey & Company. Mr. Geffs earned an MBA from Harvard Business School as a Baker Scholar, and a BA in English and a BS in Engineering Physics with Honors from the University of California at Berkeley.

Wilma Jordan, CEO and founder of JEGI and JEGI Capital noted, "We are very pleased that Tolman will be joining our team of seasoned professionals. Tolman's hard won experience in building an online media company as well as his broad exposure to publishing and information markets will make him an invaluable resource for our client base."

Tolman Geffs commented, "Jordan Edmiston represents the highest standards of integrity, quality, experience and results. I am excited about joining an excellent team, and I look forward to helping our clients profit from the growth and transformation being driven by online media and technology."

About The Jordan, Edmiston Group, Inc. and JEGI Capital LLC

As the leading investment bank to the Publishing, Information, Exhibition and Communications industries, JEGI strives at all times to operate with overall excellence and maximize value for each client through an orderly, effective and timely process. Fundamental to JEGI's success is its unswerving commitment to provide market-leading knowledge and to perform at the highest levels of integrity, quality and success. JEGI Capital, JEGI’s affiliate venture capital fund, is focused on investing in private companies with an emphasis on software, enabling technologies, infrastructure and support services relevant to traditional media, communications and information businesses.