Accipiter's experienced staff delivers solutions, services, and
world-class support that help customers future proof their investments
as their business needs evolve.

Praesidian Capital Finances MBO of BenefitPort MidAtlantic

Praesidian helped
existing management purchase the company from an affiliate of Marsh +
McLennan. For
more information, visit http://www.

startups consolidating

"I
look forward to educating investors about the unique role Accipiter
has played in the economic rebound experienced in the online
advertising industry, and our role in its continued growth. With more than 350 customers worldwide, over 50 billion
online ads are served each month using Accipiter technologies.

Pender International Terminates Negotiations on Previously Announced Financing Agreement for $100 Million with Cornell Capital

Jang
believes that the quality and potential of our existing development
project portfolio is attractive to a diversified range of domestic and
international investors, and he is confident that an alternative
financing agreement is possible on terms that may better enhance
shareholder value.

com .

venture matchmaker

. For more information, please visit
www."
According to Bob Goldstein, President of BenfitPort MidAtlantic, "We
intend to build several strategic alliances as BenefitPort MidAtlantic
transforms from an important Regional player into a leading National innovator
in the growing employee benefits field.

About Praesidian
Praesidian provides mezzanine debt to middle-market companies.praesidian.

startups consolidating

Pender International Inc. Pender's investment
strategy is driven by the quality of underlying asset values,
realizable upside potential, the potential to add substantial value,
and the timing of value realization, and is not limited by industry or
geography.

kbk recapitalizations

C.com

Jang stated that a final agreement on
satisfactory terms could not be reached with Cornell. Leading Provider of Mezzanine Debt Invests in Technology-Based Solutions
Provider for Health Insurance and Employee Benefits Industries

NEW YORK, Praesidian Capital Investors, LLC
("Praesidian"), a leading provider of mezzanine capital to middle market
companies, today announced the closing of a $7,200 ,000 debt investment in
BenefitPort MidAtlantic, LLC ("BenefitPort MidAtlantic").

venture unibanco

The Summit features business presentations from dozens of
"best of breed" venture-backed companies or companies actively seeking
funding or partnerships, as well as two full days of analyst sessions,
workshops, and panel discussions on the critical issues facing the
industry.
The same report estimates total 2004 online advertising at $9.2 million in mezzanine debt to support Red
Diamond Capital's acquisition of Nutritional Laboratories International, Inc.

startups enterpreneurs

This presentation follows on the heels of Accipiter 's recent round
of expansion capital from Frontier Capital in January 2005.H. Investment
instruments include subordinate debt with warrants or conversion
privileges and equity securities. The Company intends to invest in
management and leveraged buy-outs, recapitalizations and financial
restructurings , mezzanine financings, and the purchase of real estate
portfolios. "The US insurance agency industry is highly
fragmented and ripe for growth, and we hope to help BenefitPort MidAtlantic
continue to take advantage of its opportunities.

entree kbk

com/

About Accipiter

Based in Raleigh, North Carolina and London, UK, Accipiter, an
online advertising technology leader since 1996, empowers Web
publishers and media networks to maximize revenue and reduce operating
costs through innovative online ad management and behavioral targeting
technologies.

ventureone consolidating

Business Editors

MARKHAM, Ontario----Pender
International Inc., the leading concrete forms and accessories distributor
in the Southeast; provided $7.

trg eastward

In addition to bringing top venture capitalists and corporate
investors together with today 's leading entrepreneurs and CEOs, the
2005 Summit will give attendees a true "eagle's eye" view of where the
venture industry is and where it's heading.

startups abry

"We are pleased to be involved in the growing healthcare category via our
latest transaction involving BenefitPort," said Jason Drattell , Managing
Partner of Praesidian Capital. Its technology helps make the entire
insurance selection process simpler, easier and faster.

mezzanine apg

Accipiter CEO Brian Handly to Present at Dow Jones VentureOne Summit

Handly is one of approximately 50 entrepreneurs
selected to speak at this prestigious two-day conference, and one of
only three executives participating in the Online Advertising track.

About The VentureOne Summit

The VentureOne Summit has--for eight years now--been the pinnacle
deal flow event for elite venture capitalists, corporate investors and
entrepreneurs.
BenefitPort achieved its industry leading position by combining insurance and
technology professionals to create an effective growth model in the
distribution and administration of employee benefits.

eastward fodder

. These investments were made from Praesidian's debut fund, which
closed at $156 million in February.

About BenefitPort MidAtlantic
BenefitPort MidAtlantic is one of the leading providers of technology-
based solutions for the group insurance and employee benefits industry.mybpma.

loudwater kbk

Business Editors/High-Tech Editors
Dow Jones VentureOne Summit

LONDON + RALEIGH, N.7 billion.v1summit. The firm
provides capital for established, historically profitable companies as well as
for management/leveraged buyouts, recapitalizations and refinancings. And our local offices throughout the country provide
superior support and a competitive advantage through seamless business
solutions.

mezzanine fragmented

The
summary terms of the Agreement provided Pender with a $100 million
equity line of credit to be drawn, on five-day notice, in amounts of
$2 million per draw. There can be no assurance that
such statements will prove accurate and actual results and future
events could differ materially from those anticipated in such
statements. Praesidian provided the entire debt financing for this management
buyout.com .

abry ventureone

To date, Pender has completed or committed capital to
concerns engaged in real estate and resort ownership and development,
and gold mining located in Canada and Mexico.
The company provides end-to-end connectivity that allows brokers and their
clients to shop, purchase, enroll, serve and renew through one convenient
website, all online.

pricewaterhousecoope loudwater

It has become the torchbearer for the industry and often
sets the pace for venture investing .
In fact, each year, presenting companies at the Summit go on to
average more than $1 billion in new capital funding.com

Listing: OTC Bulletin Board Current Price: US $0 .

mezzanine venture

, an online advertising technology leader
since 1996, today announced that Chief Executive Officer Brian Handly
will present at the Dow Jones VentureOne Summit on Wednesday, April 13
in San Francisco .6
billion - a 32% increase over 2003. And this year
will be no different, featuring dozens of business presentations from
the nation's 'best of breed' startups actively seeking new funding and
partnerships in the most promising communications, health care, and
technology sectors. Each cash draw was to be converted into
registered common shares of the Company at a price equal to the
weighted average trading price of the shares of Pender for the five
days immediately preceding the date of draw down.
Chairman Kalson G. Mr.
BenefitPort MidAtlantic specializes in customizing health and employee
benefit insurance packages for small to medium sized firms in New York, New
Jersey and Pennsylvania through its 700+ retail brokerage network.

proseed matchmaker

----

Accipiter Selected as One of "Best of Breed" Startups Featured
at Event for Elite Venture Capitalists, Corporate
Investors and Entrepreneur

Accipiter Solutions, Inc.
Now in its eighth successful year, the VentureOne Summit showcases
the nation's most promising startups to an influential audience of
leading venture capitalists, corporate investors, and service
providers.accipiter .PenderInternationalInc.

trg visionquest

"
According to a February 2005 report from the Interactive
Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC), online
advertising experienced a record quarter in Q4 2004, at $2. Handly has
also been asked to present at the Dow Jones Enterprise Ventures
conference in June. The company cautions that these forward-looking
statements are further qualified by other factors. to support the
acquisition of The Shirt Factory, a t-shirt finishing and distribution
company .

Sites primarily focused on capital access and financing for startups and young companies (See venture capital category for institutional venture capitalists)

enterpreneurs abry

"We are excited to be given this opportunity to present at an
event hosted by one of the most respected organizations in the
international investment and financial community," said Handly. Accipiter's industry-leading products provide effective
campaign management and optimization, accurate inventory forecasting,
up-to-the-minute reporting , precise audience targeting, and the
ability to easily deliver and track any rich media format. The company
undertakes no obligation to publicly update or revise any statements
in this release, whether as a result of new information, future events
or otherwise."
Already in 2005, Praesidian Capital Investors has invested $6.5 million of
mezzanine debt to assist JMH Capital and management in the recapitalization of
CAM Fabrication, Inc. By
combining innovative Internet technology with a dominant presence in key
geographic regions, BenefitPort is creating the most powerful insurance
marketing network in the country.

fodder growthink

The funds were to be
used for general corporate purposes, the development of existing
projects, and future acquisitions.

eastward capitalists

For more information about
the VentureOne Summit, visit http://www.all in
real-time.,
a leading manufacturer of quality nutritional supplements; and led the $16
million Subordinated Debt investment in Life is good, Inc.

recapitalizations consolidations

, located in Markham, operates as a
merchant bank for small to medium-sized, undervalued companies that
require capital for growth or financial restructuring. In addition,
Pender provides experienced, highly qualified senior management in
support of existing management of investee companies. Additional information about the Company is available at
www. For further information, visit its web site at
http://www.

unibanco consolidations

("Pender" or the "Company") (OTCBB:PNDR) announced
that it has cancelled negotiations on a previously announced , on
January 28, 2005, private placement equity line financing agreement
(the "Agreement") with Cornell Capital Partners LLP ("Cornell").24
Stock Symbol: PNDR Shares O/S: 57,498,000

Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act
of 1934, and are subject to the safe harbor created by those rules,
including, without limitation, statements regarding potential future
plans and objectives of the company, are forward -looking statements
that involve risks and uncertainties. Technical complications that may arise could prevent the
prompt implementation of any strategically significant plan(s)
outlined above.

unibanco kbk

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- - kjjkjk

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