Inmedius Gets $5-Million Investment to Spur New Growth

PITTSBURGH, PA — August 5, 20002  Inmedius, Inc., the Pittsburgh-based provider of knowledge-based software solutions for distributed maintenance environments, has received a $5-million capital infusion from a group of private investors led by Stonewood Capital Management, Inc., also of Pittsburgh.

"This investment," noted Gary Schaffer, President and Chief Executive Officer of Inmedius, "represents a significant vote of confidence in our efforts and allows us to increase our level of market penetration with our core product line, as well as further our continuing product development."

"In Inmedius, we found exactly what we look for—an extraordinarily talented and dedicated group of professionals who have an exciting vision for the future of a significant technology," noted George Knapp, President of Stonewood Capital Management, Inc. "We are extremely pleased to become an equity partner in Inmedius and look forward to the company's development, under Gary's leadership, of an expanding suite of products for the military and commercial markets."

"Our software," added Richard Martin, Chief Technology Officer of Inmedius, "allows quick access to a database that provides complete system solutions to the frontline maintenance worker, or enables the worker to instantly solicit advice from experts on call around-the-clock, seven days a week, 24 hours a day for advice in solving a problem. This avoids multiple workers having to 'reinvent the wheel' and saves a business significant time and money."

Inmedius has recently announced $1 million in product and professional services sales for three key new customers, including DaimlerChrysler of Stuttgart, Germany, the U.S. Navy and a major international oil company.

About Inmedius  Inmedius is headquartered in Pittsburgh, PA. Its wholly owned subsidiary, Inmedius Europa, GmbH is located in Munich, Germany.

About Stonewood Capital Management  Stonewood Capital Management, Inc. is the investment and venture capital firm, founded by the Tippins family of Pittsburgh. The firm invests in privately-held, profitable manufacturing or distribution businesses, in which it pairs its investment with that of the existing management team, and early-stage ventures with a high technology content. Companies in which Stonewood Capital has invested include AcceLight Networks, Addressograph Bartizan LLC (Ontario), Caver Wire, ClubCom, Emglo Products, NewBold, Plan4Demand Solutions, Precision Therepeutics, TeenFX.com, TimeSys and Webmedx.