HostVentures ends search to round out Executive leadership. Hires Software Industry Veteran Tim O'Rourke, formerly VP Sales at Parallels (SWsoft & Plesk).

August 13, 2008 -- HostVentures announces that its search for a Chief Operating Officer to lead the team's sales, marketing and operations is complete with the placement of Tim O'Rourke, a veteran of Northern Virginia and DC technology startups focused on internet related software and services. O'Rourke was most recently a Vice President of Sales focused on strategic accounts at Parallels, where his team managed key accounts and launched the OSS/BSS , Data Center Automation and SaaS platforms. Prior to Parallels (formerly SWsoft), Mr. O'Rourke was Vice President of Sales and Operations for Plesk that was later acquired by SWsoft. Previously, O'Rourke has been responsible for several successful business turn arounds in IT and manufacturing. O'Rourke holds a BS in Chemical and Ocean Engineering from the University of Rhode Island.

"Tim is a key addition to our executive team." said Vadim Hiekin, CEO of HostVentures. "I can't think of a better hire to help HostVentures execute on its ambitious goals. Tim's insights from recent experiences in developing strategic relationships around the world; his proven abilities in building world-class teams; and his success leading sales growth to both large influential customers, as well as young emerging ones; are rare and invaluable. His profile and network make him the perfect anchor as we grow and become a leader in High Availability, Disaster Recovery and Complex Infrastructure hosting."

At HostVentures, Mr. O'Rourke will forge new ground on the company's High Availability and Disaster Recovery IT infrastructure initiative, clarify and refine its product offering, and lead its sales, marketing, and customer care efforts. "Customers want solutions that work, not technical jargon. They want to buy solutions, not pieces and parts of technology." said Mr. O'Rourke. "Customers are placing more and more reliance and value on their IT infrastructure. They just want it to work. As the reliance on IT grows and technologies evolve, it becomes more important to have IT experts that can deliver the solutions that meet the unique needs of the particular SMB or Enterprise customer. HostVentures provides consulting to develop the best and most cost effective IT infrastructure, deploys and manages the solutions, and continues to work with the customer to ensure the solution evolves in pace with their needs. I am excited to work with an organization that has the technical where-with-all, combined with a customer centric approach."

About HostVentures

HostVentures is a leading provider of affordable high availability Internet infrastructure for SMB's and enterprises through customer centric managed hosting and co-location solutions. Founded in 2002, the company empowers eCommerce, Internet service providers, health and financial customers with Web hosting, application hosting and best in class disaster recovery solutions. Headquartered in Baltimore with multiple datacenters, HostVentures leverages its mix of solutions and consultative advice to help its customers grow and maintain their critical Internet Infrastructure. For more information, visit http://www.HostVentures.com

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