Dr. Emil Savov Joins McLean Watson Capital

TORONTO, May 6 /CNW/ - McLean Watson Capital, a leading Canadian venture
capital firm, is pleased to announce the addition of Dr. Emil Savov to the
firm's team of partners. Emil will be responsible for sourcing, evaluating
and implementing new investments in the technology sector, as well as helping
portfolio companies.

Loudon Owen, Managing Partner of MWC said "We have known and collaborated
with Emil for many years and are delighted to have him join our team. He adds
tremendous strength to our firm and expands our domain expertise in the
technology hardware sector. He also brings strong relationships with leading
venture capital firms and technology entrepreneurs in the U.S. At Ciena Emil
played a key role in a large number of acquisitions and investment deals
during a period when the company was one of the most active consolidators and
strategic investors in its industry segment globally. In light of this
experience, he brings unique expertise to our firm and we are delighted that
he has decided to return to Canada."

Emil Savov said "I am very excited about joining the MWC team. We have
complementary strengths and the personal chemistry is good. Canada possesses
a compelling combination of attributes that offer excellent potential for
venture capital investing, so the time is right for me to return. I also like
MWC's global approach and their early lead in developing presence and
relationships in the high growth economies of Asia."

Emil has over 20 years of experience in the high technology field,
encompassing industry, investment banking and venture capital. Prior to
joining MWC, he was Vice President of Corporate Development with Ciena
Corporation, a leading supplier of networking equipment, based in the U.S. He
played a key role in numerous M&A transactions totaling over US $4.5 billion,
including ONI, WaveSmith Networks, Catena Networks, and Akara Inc. In
addition, he managed Ciena's US $50 million corporate VC fund. Emil
represented Ciena on the board of directors of eight partner companies,
including WaveSmith Networks, Agility Communications, Laurel Networks,
Luminous Networks, etc.

As Director of Business Development with Newbridge Networks in 1996-97,
Emil was responsible for driving the corporate strategy in the area of
optical networking. He was instrumental in the incubation of Cambrian Systems, a
pioneer in metro optical networking systems, which was acquired by Nortel in
1998. He also held R&D positions with Digital Equipment Corporation in
Ottawa.

Emil was involved in financing telecom infrastructure projects in Central
& Eastern European countries in the mid 1990's when he was part of the
telecom team of the European Bank for Reconstruction and Development in London, U.K. He also spent several years in technology investment banking and equity
research with Goepel McDermid (now Raymond James) in Toronto and Vancouver.

Emil served as Chairman of the Ottawa section of the IEEE Computer
Society and as Secretary of the Ottawa Section of the IEEE LEOS Society. He
has published numerous articles in technical journals and conference
proceedings.

Emil holds a B.Sc. in Electrical Engineering from the Technical
University of Sofia, Bulgaria, M.Sc. and Ph.D. degrees in Electrical
Engineering from the University of Ottawa, Canada, and an MBA from INSEAD in
Fontainebleau, France.

About Mclean Watson Capital

McLean Watson, founded in 1992, is a top tier Canadian based venture
capital firm, funding high-growth entrepreneurial ventures while assisting
and guiding them to industry leadership. Our global investors include pension
funds, money managers and leading members of the technology and financial
services industry. McLean Watson has a global vision, with offices in
Toronto, Ottawa and Singapore.
For further information: Loudon Owen, McLean Watson Capital,
( 416) 307-3271; Emil Savov, McLean Watson Capital, (416) 307-3277