Glisson Capital Announces a Major Focus on Project Funding for Third World National Identification Tracking

    Contact: Linda Glisson
Executive Director
(650) 305-1344
[email protected]
www.glissoncapital.com

Glisson Capital Announces a Major Focus on Project Funding for Third World National Identification Tracking.

As America struggles for control of its borders in an attempt to track illegal immigration, Third World Nations' survivals depends on their ability to define borders and verify inhabitants.

/24-7PressRelease/ - LOS ALTOS, CA, June 01, 2006 - Linda Glisson (former Eastman Kodak Director of Venture Investment and an established Silicon Valley investment banker with a track record of cutting edge technology leadership) of Glisson Capital, LLC www.glissoncapital.com), today announced a joint venture with Robert Sandford Stewart to provide technology resources for current National Identification Projects in Third World Markets. As the American economy stalls, these "new" markets are the unexplored horizons. Glisson Capital believes Mr. Stewart's vast experience in Africa can lead the way to a wealth of new and expanding opportunities.

Mr. Stewart (a former Canadian foreign service diplomat and fondly known as, "Mr. Africa") states, "Nation States no longer exist as they once did. Up to half of African populations are illegal immigrants living in other Nations. Even now, most unprotected borders have vanished. The power to positively influence populations in areas of housing, health care, formulate policy and govern has been lost. So too has the control of the spread of HIV, terrorism, the reduction of poverty and offering an economic plan out of desolation for the continent. Defining a new economic order from the chaos of past decades centers on how to infuse national and international order. Without it the world will drift into increasing mismanagement, disease, poverty and anarchy. "
In a speech given at the UN General Assembly of UNCTAD, Mr. Stewart expressed concern over the Third World Governments' need to bring stability to their nations in the form of improved infrastructure (energy, roads, healthcare) and enhanced credit to create entrepreneurial societies. His experience as Consultant to Bear Stearns and attendance at 20 years of World Bank Annual Meetings has illustrated the resultant corruption, dependency on Aid and the mismanagement of funds that brought down a once-orderly system. Correcting that urgently depends on the ability to bring about a rapid new commercial order. Just identifying the populations would be a good start to understanding how to correct the disasters now multiplying out of control. Arresting and correcting them before they cause global meltdowns puts the onus on all sides to find urgent solutions.

About Robert Sandford Stewart
Robert Sandford Stewart has long been recognized throughout the world for his four decades of involvement in Africa as an analyst, advisor, investor, financier, and initiator of major resource and infrastructure projects. As a foreign service diplomat with responsibility over World Bank programs, his frequent speeches at various Global Summits focused on improving governance and providing emerging markets with the tools to implement rapid reform and development.

Combining management of the giant $50 billion Bechtel Master Plan for the DR Congo with initiating the Songo Songo Gas-to-Electricity Project in Tanzania, he has consistently participated in the creation of dozens of projects that span the development of mining (Kilembe Mines Limited, Uganda), metallurgy (American Mineral Fields, DRC), GSM Telecom (Motorola for Nitel/Nigeria), energy (gas exploration in Cameroon with Mobil Oil Corp.), water (Okavango Development in Botswana) and airport projects (Mutallah Mohamed/Nigeria, Tripoli International Libya) that straddle the continent.

Mr. Stewart's focus now is on establishing the structures and databases on which governments can connect to their rapidly migrating and highly mobilized populations. This will arrest the spread of highly contagious communicable diseases and provide the means for small and medium-sized business development.

He combines four decades of first-hand experience working with Heads of State and Ministers in Africa with Glisson Capital's overview of Global Technology and how best to combine these elements into a package that works in the Third World. Bridging this dramatic gap will create the means to spark the biggest leap forward in domestic wealth for generations. The first man to drive around the world overland in 1968, Mr. Stewart has a rare talent for bringing the world's leading technology into the lives of hundreds of millions of ordinary people throughout the world.

About Glisson Capital
Glisson Capital is a private venture capital company with direct interests in markets which include: wireless broadband, telephony switches and enabling software, consumer devices and thin clients, integrated communications providers, data service and storage providers, e-Business (b2b), networking, optical access solutions, smart chip designs, streaming media and telecommunications.

Glisson Capital's Technology Fund investments range in size from $3 to $5 million and a firm commitment over the life of a company. We invest for the long haul, not 'quick flips,' and look for entrepreneurs with a similar perspective. Its early investments in the first fund, the IPF Fund I, LLC, invested in 14 portfolio companies like Autobytel.com, pre-IPO companies like Magically, Inc. (www.magically.com co-investing with Hong Kong Telecom, Asia Technology Ventures, and Richard Li of Pacific Capital Group), and iLumin Corporation ((www.ilumin.com ) co-invested with Deutche Bank-BT Alex. Brown and Dell). IPF also invested in encrypted wireless communications, thin film display (www.displayresearch.com ), and GPS mapping software (www.telcontar.com co-investing with Trimble Navigation).

More information is available on the web site: www.glissoncapital.com. Glisson Capital, LLC. The September, 2001 venture capital conference that Glisson Capital, LLC and Dr. Peter Cochrane (former CTO of British Telecom) organized illustrated substantial commitment to the EU and Third World Nations, and was sponsored by BT as well as executives from Cisco Systems, Motorola, and Compaq Computer Corp.

Ms. Glisson, (former Eastman Kodak executive and equity partner) believes market globalization will dictate a thirst for new oil and gas resources and a sophistication of Third World societies requiring tracking of its populace via multiple identification verification tools, and easy to use identification badges which may be wirelessly enabled or take advantage of retinal scanning technologies now in existence. She believes that the development in optical scanner technology deployed by Kodak and others in the field will be made available for this use.

Mr. Stewart is also known for his work as CEO of Franklin Telecom (one of the first global VOIP manufacturer of international commercial hardware and software applications), and his Justice Telecom experience in building a network of 165 ISP's. He believes, "there are vast opportunities now surfacing which require complex solutions made simple which will open the door to the future." Leapfrogging old technology affords Africa a rapid leg up. Ms. Glisson also agreed that the development of Incubated Technology in Africa which stimulates adaptation to the specific market needs of the local environment offers a new development horizon.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Glisson Capital, LLC's business which is not historical facts are 'forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Private Placement Memorandum.

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