FOR IMMEDIATE RELEASE
Contact: Brian Salau Beck
brian@thresholdpartners.com
(732) 565-9810
Release date: July 1, 2003

TAYLOR-HALEY, BOSTON-BASED LEADER IN EXECUTIVE SEARCH, JOINS THE THRESHOLD NETWORK AS THE FIRST EXECUTIVE SEARCH MEMBER OF THE THRESHOLD NETWORK™

New Brunswick, NJ July 1, 2003 Threshold Partners, the premier growth partner serving high-technology companies and venture capital investors, announced today that Taylor/Haley Search Partners, LLC has become the first executive search Affiliate of the Threshold Network™. The Threshold Network is a world-wide group of more than 40 affiliated consultants focused on accelerating market penetration for early stage and mid-market companies through a set of Accelerator services – sales, business development, and mergers and acquisitions.

Taylor/Haley, based in Chelmsford, Massachusetts, will utilize the Threshold Network to offer interim management and project-based assignments to its universe of executive talent. Interim Management is ideal for any organization facing growth, crisis, change, or transition (turnarounds, company mergers or acquisitions, new business startups, re-launching, re-organization, company rescues)...or any candidate interested in highly visible, project-driven assignments.

Threshold will leverage Taylor/Haley’s top level executive search offerings to extend the capabilities of the Threshold Network, and to provide additional services to current Network Affiliates and clients. Taylor/Haley has built a name for itself as an exclusivity-based, boutique retained search firm, specializing in the placement of entrepreneurial senior executives in the Software/Internet, Communications, Biotech, Professional Services, and Emerging Technology markets.

“Taylor/Haley is interminably seeking ways to better service its clients. Our startup, mid-tier, and venture-backed clients now have an additional hiring model to consider given their unique set of circumstances”, asserts Steven LaKind, Principal and Co-Founder.

"We are excited to be a valued member of the Threshold Network”, said Kenneth Plasz, Principal and Co-Founder. “The alliance is a natural match given markets served and shared commitment to our clients’ bottom line.”

“We are thrilled to welcome Taylor/Haley to the Threshold Network”, stated Brian Salau Beck, General Partner and Co-Founder of Threshold Partners. “With Taylor/Haley’s impressive executive search capabilities and community of seasoned executive talent, we expect to enhance our mission of accelerating growth for our technology clients by providing top-tier executive talent on an interim basis. This is a win for all of us, but especially the executives and technology companies.”

ABOUT TAYLOR/HALEY SEARCH PARTNERS, LLC

TAYLOR/HALEY is a boutique, “exclusivity-based” retained search firm specializing in the permanent and interim placement of entrepreneurial senior executives. TAYLOR/HALEY works with startups, mid-tier and venture-backed companies that have a heightened sense of urgency because they are in a perpetual race to build brand, increase revenues, establish leadership, and most importantly, offer return on investment to shareholders and investors. We associate search with exclusivity - NOT with inflexible or traditional fee structures. Our principals have expertise in Software/Internet, Professional Services, Emerging Technology, Direct Marketing/Retail, and Pharmaceutical/Biotech across a variety of functional disciplines. More information about Taylor/Haley can be found at www.taylorhaley.com.

ABOUT THRESHOLD PARTNERS, LLC

Threshold Partners is a world-wide network of seasoned operating executives focused on accelerating sales, business development, capital, and M&A strategies for early and mid-stage technology companies and their venture capital partners. We assist our clients in achieving success 'thresholds' - from 'seed to IPO' - through a suite of Accelerator services designed for each stage of development. The collective expertise of the Threshold Network™ is built on decades of experience across a number of industries in a variety of senior management capacities. Threshold's expertise is centered on five industry sectors: IT Services, Software, Internet/ e-Commerce, Medical Technologies, and Communications. Threshold is not a typical consulting company offering voluminous reports on strategic options - we are a true operating partner that works with our clients to create a strategy - and then execute on the strategy to drive results in the form of revenue growth. Our Network of Affiliates focuses on the critical issues that drive growth - revenue and capital. Threshold maintains a presence in 13 key domestic markets and internationally in India and Israel. More information about Threshold Partners can be found at www.thresholdpartners.com.