Delta Capital Management Adds Joel Wood as Principal

Delta Adds Investment Banking Veteran, Bolstering Investment and Business Development Capabilities

MEMPHIS, TN (October 27, 2003) -- Delta Capital Management, LLC, a leading venture capital firm focused on investing in the Southeast, today announced that Joel Wood has joined the firm as Principal. Mr. Wood, most recently a Vice President in the Investment Banking Group of RBC Capital Markets, brings a unique combination of experiences to Delta, having worked with a wide range of companies raising private equity both as a banker and investor.

"Joel’s years of experience evaluating and funding a wide range of emerging growth companies makes him an ideal fit for our team," said Don Mundie, Managing Partner at Delta. "Joel has already begun to make contributions to our fund by sourcing and evaluating new investment opportunities and assisting our existing portfolio companies. His background as an advisor will be invaluable to Delta as we move forward with new investments and assist our existing companies in tapping the capital markets."

"I look forward to contributing in all aspects at Delta Capital, based on my experience and the relationships I have developed over the course of my investment banking career. I am delighted to join a firm of Delta’s caliber and reputation and I look forward to working with the team to continue to build world class companies," said Mr. Wood.

About Mr. Wood
Mr. Wood, a native of Atlanta, Georgia, most recently served as a Vice President in the medical technologies group of RBC Capital Markets (formerly Dain Rauscher Wessels), focused on healthcare information technology and medical device companies. Mr. Wood advised numerous companies on financing and strategic initiatives including private equity, public financings and M&A transactions. Prior to RBC, Mr. Wood was a Vice President with Stephens Inc., where he focused on technology and healthcare companies. Mr. Wood was also with the investment banking group of Morgan Keegan and Company, Inc., where he was a generalist. Mr. Wood began his career in finance with the U.S. corporate group of Wachovia Bank, where he focused on large corporate credit transactions.

Mr. Wood received a Bachelor of Industrial Engineering degree with High Honor from the Georgia Institute of Technology and an M.B.A. from the Fuqua School of Business at Duke University.

About Delta Capital Management
Founded in 1992, Delta Capital Management is a venture capital firm that invests in early and late stage emerging growth companies. The firm makes venture capital investments primarily in the four state area of Tennessee, Arkansas, Mississippi and Alabama, but evaluates investment opportunities across the broader Southeast region. The firm focuses on four main industries: information technology, healthcare, telecommunications, and supply chain logistics. Delta manages over $90 million in capital and is licensed as a Participating Securities Small Business Investment Corporation (SBIC). Delta assists its portfolio companies in their growth strategies, strategic planning and subsequent capital strategies. More information is available at www.deltacapital.com.


Contact:
Pat Yearwood
Delta Capital Management LLC
(901) 755-0949
yearwood@deltacapital.com