New Enterprise Associates Promotes Gene Trainor to COO/Administrative General Partner and Ryan Drant to Partner.

Business Editors

BALTIMORE--(BUSINESS WIRE)--Jan. 30, 2002

Move Marks Continued Dedication to the Firm's Future and Growth

New Enterprise Associates (NEA) today announced the promotion of two partners. Eugene A. Trainor III, formerly Director of Operations, will assume the post of Chief Operating Officer and Administrative General Partner.

Ryan Drant was promoted to Partner from his previous position as Principal.

"We are pleased to recognize the outstanding contributions that Gene and Ryan have made to NEA," said Peter Barris, NEA's Managing General Partner. "We have great confidence in their abilities and look forward to the contributions they will make to our portfolio companies and NEA's future success."

Mr. Trainor has been with NEA since August of 2000, when he was hired as Director of Operations. Prior to that appointment, Trainor was an Executive Vice President and the Chief Operating Officer of Cramer Rosenthal McGlynn, LLC (CRM), a New York-based money management firm.

Prior to CRM, he was the CFO/Controller of a Mid-Atlantic venture capital firm and a member of the audit group for Ernst & Young, LLP. A Certified Public Accountant, he earned a BA from the University of Maryland, Baltimore County, and a MBA from Loyola College of Maryland.

Mr. Trainor is Chairman of the Board of the Chesapeake Chapter of Families of Spinal Muscular Atrophy, a non-profit organization raising funds and awareness in the Chesapeake region for the #1 genetic cause of death for children under the age of two.

"This new position at NEA provides me with the opportunity to focus on enhancing productivity and efficiency with all aspects of the internal operations of the firm," said Mr. Trainor. "I look forward to further building on the solid foundation for which NEA is known, and providing the internal support that allows our investing partners to continue with their unparalleled investment success."

Ryan Drant joined NEA in 1996 and for the last six years he has specialized in healthcare investments primarily in the medical device and healthcare information technology sectors.

"I'm thrilled to become a Partner at NEA," said Mr. Drant. "NEA has an incredible healthcare franchise and a successful 20-year track-record in healthcare investing. I look forward to continuing my work with great entrepreneurs to build new companies with proprietary technologies that follow the golden rule of healthcare - improving healthcare by delivering higher-quality care at lower cost."

Prior to joining NEA, Drant was with the Healthcare Investment Banking Group of Alex. Brown & Sons in San Francisco where he focused primarily on the medical device and healthcare services areas. He also previously worked with Arthur Andersen & Co. Mr. Drant received a Bachelor of Arts degree from Stanford University.

He currently serves on the boards of cMore Medical Solutions, Inc., Concentric Medical, Inc., Fox Hollow Technologies, Inc., Intrinsic Orthopedics, Inc., PatientKeeper, Inc., Proxima Therapeutics, Inc, and Emerge Healthcare, Inc. where he was a co-founder. He also works closely with Neuron Therapeutics, Inc.

About NEA

New Enterprise Associates (NEA) is a leading venture capital firm investing primarily in information technology, biotechnology and medical/life sciences companies. Practicing classic venture capital for over 20 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value.

With $4.9 billion under management, NEA's experienced management team has invested in over 500 companies, of which more than 135 have gone public and more than 150 have been acquired. For additional information, visit www.nea.com.