SAN FRANCISCO and NEW YORK - September 24, 2007 - Expansion Capital Partners, LLC, today announced the final closing for the firm's Clean Technology Fund II, LP with more than $100,000,000. Founded in early 2002, Expansion Capital was the first fund focused exclusively on expansion-stage, CleanTech equity investments. Clean Technology Fund II is backed by the founding families of a dozen Fortune 1000 companies, numerous family foundations, several corporate strategic investors and leading financial institutions.

Mark Donohue, the firm's founder stated: "We are gratified by the investor confidence in our management team. This fundraising success reflects our strong portfolio of seven announced investments by Fund II. This capital will allow us to partner with more CleanTech entrepreneurs, as we work to grow companies into respected industry leaders, while creating real, sustainable value for shareholders and our planet."

Expansion Capital's management team includes General Partners Bernardo Llovera, formerly of GE Equity, and Diana Propper de Callejon, a co-founder of EA Capital, and Mark Donohue. The firm's Principals include Kjartan Jansen and Alex Sloan. The team features 75 years of private equity, CleanTech, investment management and entrepreneurial operating experience, combined with proven track records as successful venture capital and technology investors.

Bernardo Llovera, General Partner, stated: "The confidence of our investors has allowed our firm to put together a talented team of investment professionals, with a bi-coastal presence, plus we have developed a depth of proprietary industry research to fuel our targeted
investment strategy. Our team is taking an exceptionally active role in building our portfolio companies as we capitalize on our rich deal flow."

Diana Propper de Callejon, General Partner, stated: "The investment opportunities in Clean Technology continue to be compelling as corporate and government demand for resource efficiency grows rapidly. Based on our deal flow, which is averaging 75 new opportunities per month, plus our proprietary tracking of about 4,000 private CleanTech enterprises, we needed to expand the fund beyond our original target of $60M. We are fortunate to be partnering with an expanding group of leading CEO's to build great companies."

About Expansion Capital Partners, LLC

Founded in 2002, Expansion Capital Partners, LLC, invests venture capital into the equity of expansion-stage, Clean Technology enterprises. The firm targets companies that offer dramatic improvements in resource efficiency and productivity, while creating more economic value with less energy and materials, or less waste and toxicity. The fund invests across the CleanTech sector including innovations in energy, advanced materials, water and waste water, manufacturing and transportation. Clean Technology Fund II, LP, invests in US and Canadian enterprises with current customer revenues of $2-30 million, combined with solid prospects of attaining $30-$100M in revenues within 3-5 years. The fund makes initial investments of $3M to $8M, plus reserves 100% for follow-on investments. Its Partners and Principals take active, value-add Board roles. Expansion Capital has offices in San Francisco and New York. A wealth of additional information regarding Expansion Capital, and the Clean Technology
sector, can be found at www.expansioncapital.com or by calling Joanne Brown at 415-788-8802.

Expansion Capital Partners, LLC

Expansion Capital Partners, LLC

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