NetStar-1

NetStar-1 and Lake Capital Partner to Grow Information Technology Solutions Firm

Additional Capital and Strategic Resources Position IT Solutions Company to Add Complementary Services and Accelerate Growth

For Immediate Release

For more information:
Les Rosenthal NetStar-1, Inc.
240-425-4200
lrosenthal@netstar-1.com

Amy LaBan
Lake Capital
312-640-7060
alaban@lakecapital.com

ROCKVILLE, MD / March 21, 2007 / Business Wire /– NetStar-1, Inc., an information technology solutions provider to government and commercial clients, today announced that it has partnered with and received a significant investment from Lake Capital, a Chicago-based private equity firm that invests in services companies. NetStar-1 will use the capital and strategic resources provided by Lake Capital to continue to grow the scope and reach of its service offerings through organic initiatives and acquisitions.

Founded in 2002, NetStar-1 has grown to almost $100 million in revenue and nearly 500 employees. The company focuses on developing and delivering business solutions that are driven by the integration of data, voice, and video and offers technology solutions that support critical federal security mandates, along with emerging technologies including wireless communications and IP telephony. NetStar-1 provides consulting, design, and implementation services in four key areas: network infrastructure, application development, security, and server/storage technologies. The company supports its clients nationwide through a network of five offices and numerous on-site client locations. NetStar-1’s clients include the U.S. Departments of Commerce, Defense, Labor, and State, the Federal Aviation Administration, the State of Maryland, and commercial clients in the healthcare, financial services, and retail and distribution industries, among others.

“With the investment and additional resources Lake Capital can provide, we will be able to accelerate our plan to bring additional value-added services, including new areas of expertise and new technologies, to our existing clients while continuing to expand our customer base by extending our services to additional federal agencies, state and local governments, and commercial enterprises,” noted William S. Strang, president and chief executive officer of NetStar-1. “In addition, we will continue to evaluate opportunities to expand our company via strategic acquisitions, particularly in the areas of enterprise network services, information security services, eGov and ePortal services, and IT system services.”

A well-known entrepreneur in the government IT services arena, Bill Strang leads a group of experienced executives at NetStar-1. The executive team, each of whom has more than 20 years of relevant experience, has worked together through numerous successful transactions. Prior to starting NetStar-1, Strang founded several companies, including Sylvest Management Systems and TimeBridge Technologies, which were sold to Federal Data Corporation and Dimension Data PLC, respectively. In September 2006, Strang and his team merged NetStar-1 with RGII Technologies and its subsidiary, Automated Information Management. RGII was previously owned by Computer Horizons Corporation. “We look forward to working with Bill and his team,” said Paul Yovovich, president of Lake Capital. “The NetStar-1 executives have thrived in the industry for more than two decades, growing successful, client-focused companies in a demanding and evolving environment. The market for outsourced technology services, particularly in the government sector, continues to grow. We believe the NetStar-1 team is uniquely positioned to leverage its experience to continue to build a value-added provider of technology solutions with broad capabilities and deep sector expertise critical to the company’s clients.”

About NetStar-1

Headquartered in Rockville, MD, NetStar-1, Inc. is a leading professional services company specializing in providing IT solutions to government and commercial clients. The company provides consulting, design and implementation services in four key areas; network infrastructure, applications development, security, and server/storage technologies. For more information on NetStar-1, visit www.netstar-1.com.

About Lake Capital

Lake Capital is a private equity firm that focuses on investments in service-based enterprises across various industries. The firm is currently managing more than $1.3 billion in equity commitments and seeks to build leading services companies through organic and acquisition-enhanced growth. More information about Lake Capital is available at www.lakecapital.com.

###