Finance Articles

Exosect Attracts £3.3 Million Investment For Green Pest-Control

(PRWEB) February 21, 2008 -- Exosect, a leading provider of Intelligent Pest Management solutions, is pleased to announce that it has attracted funding of £3.3 Million from a consortium of investors led by award-winning UK-based Oxford Capital Partners and including WHEB Ventures, founded by Ben Goldsmith, and The Entrepreneurs Fund. The funds will support accelerated market expansion of Exosect's novel pest-management systems.

Exosect's innovative, environmentally friendly method of pest control, using patented Entostat powder technology assists growers, producers and processors achieve zero residues in their crops and foods to produce high quality food for the consumer. To date, Exosect's pest management solutions have been registered and launched in a number of territories including the UK, US, South Africa, New Zealand, and Belgium, with further EU approvals expected in the near future.

The investment demonstrates the ongoing commitment of existing shareholders and reflects the recognition by the investment community of the market potential of new environmentally conscious and sustainable approaches to pest control.

Rebecca Todd, Investment Manager of Oxford Capital Partners, said: "At a time when we are all becoming increasingly concerned about the way our food is produced, we are excited by the innovative tools Exosect is offering to tackle the real challenge of managing pests in a sustainable way. A challenge faced by many industries, but particularly growers and suppliers of our food. Oxford Capital has long been committed to backing the innovators in sustainable technology solutions like this and we are delighted to have Exosect join our select group of exciting investments in this sector."

Ben Goldsmith, founder of WHEB Ventures said: "With this investment, Exosect now has the financial firepower to build on the hard work that has been put in over the last few years. Since WHEB Ventures first invested in late 2004, Exosect has shown in trials in over 24 countries that its' approach to controlling insects is safe, cost-effective and simple to use."

Martin Brown, Managing Director of Exosect, said: "It is important for any company at this stage to have the solid support of forward-looking investors. We have set ourselves ambitious sales targets in 2008 and beyond and look forward to continued collaborative work with key multinationals."

Editor's Notes:

Exosect - including interviews, demonstrations, user stories and site visits - is available from:

Contacts:

Graham Thatcher / Spencer Butt

Exosect Press Office at MCC International Ltd

Tel: 01962 888 100 / Fax: 01962 888125

URL: www.mccint.com

About Exosect (www.exosect.com)

Exosect is actively focused on the development and sales of Intelligent Pest Management Solutions. Its innovative and cost-effective products help growers, food producers and processors actively reduce their use of insecticides.

The company's goal is to assist growers achieve zero residues in their crops and produce high quality food for the consumer. Exosect products are used globally in a wide range of sectors including crop protection, (agriculture, horticulture and stored products), apiculture, amenity and public health.

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