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Logicworks Establishes Independent Advisory Board of Select Business Leaders

Logicworks Establishes Independent Advisory Board of Select Business Leaders

Mykolas Rambus, Nathaniel Wice, Larry Bonfante, Michael Minars, and Benjamin Woo Join as Strategic Advisors

NEW YORK, NY — December 11, 2007 — Logicworks, a leading provider of high-availability hosting solutions to support business-critical applications and content, today announced the formation of its strategic advisory board. Tapping into a strong network of seasoned executives, the Logicworks advisory board will be instrumental in helping the company with key growth initiatives.

The board of advisors, chaired by Mykolas Rambus, Head of IT and Special Projects for Forbes, will consist of Larry Bonfante, CIO of USTA, Mike Minars, CFO of Millennium Technology Ventures, Nathaniel Wice, Founder of miShare, and Benjamin Woo, Vice President of Research for Storage Systems at IDC.

Each member of the advisory board will be actively involved in providing feedback and insight on all aspects of Logicworks’ operations as the company expands and continues to gain significant traction within the high-availability hosting market.

“I am excited to be working with an impressive group of industry luminaries in advising a growing and dynamic company,” said Mykolas Rambus, head of IT and special projects, Forbes. “The talent and industry expertise brought on by each member of the advisory board will help Logicworks continue to prosper as well as guide the company in its future endeavors.”

“We wanted to bring together a well-rounded group of advisors to provide independent feedback and guidance to Logicworks as we prepare for increased growth.” said Kenneth Ziegler, president and COO at Logicworks. “We are thankful that each of these exceptionally talented individuals is involved with Logicworks, and we are dedicated to applying their insight to help continuously improve our services and operations.”

The backgrounds of the advisory board members, which include business leaders across disciplines and industries, can be found below:

Larry Bonfante, CIO, United States Tennis Association (USTA)
With over 25 years of industry experience, Larry is a seasoned professional who has held leadership positions in the Financial, Pharmaceutical, Not for Profit, Consulting, and Sports and Entertainment industries. As Chief Information Officer at the United States Tennis Association, Larry is responsible for delivering tournament and league applications to the over 700,000 members of the USTA. In addition he has worked to implement a CRM and Membership Management program to support the growing membership of the Association. His organization is responsible for all information technology related services supporting the US Open, which is the largest and most highly attended annual sporting event in the world. Prior to joining the USTA, Larry spent ten years at Pfizer Inc. where he served in various leadership capacities including Director of Global Network Services and Director of Global IT Planning. He has extensive experience in running global services organizations and has implemented and managed a number of large complex outsourcing partnerships over the course of his career. Larry serves on the Boards of the Westchester-Fairfield chapter of SIM, the Technology Managers Forum’s Futures Advisory Board and the Center for Business Information and Technologies at the University of Bridgeport. He also serves as a member of the CIO Executive Council, the Editorial Advisory Board and Events Committee for CIO Magazine and is a mentor and adjunct faculty member of the Columbia University Executive Masters program in Technology Management.

Michael Minars, CFO, Millennium Technology Ventures
As Millennium’s Chief Financial Officer, Mike is responsible for all of the financial operations, accounting procedures, and reporting functions as well as structuring transactions, monitoring portfolio company performance and performing financial diligence. Mike has over 15 years of experience in venture investing, financial reporting, business advisory, and strategic tax consulting. Previously Mike was the Controller of RRE Ventures, an information technology venture capital firm. Prior to joining RRE Ventures, Mike was with Marcum & Kliegman, a major NY area CPA firm, where he performed financial statement audits and provided business advisory services to investment companies. He also worked at Margolin Winer & Evens and Marks Shron & Company. Mike is a Certified Public Accountant and holds a BBA from Hofstra University. He is a member of the AICPA and the Advisory Board for LogicWorks, a managed web hosting provider.

Mykolas Rambus, Head of IT and Special Projects, Forbes
Mykolas Rambus is the Head of Information Technology and Special Projects at Forbes Media in New York City, responsible for strategic initiatives critical to business growth, and in addition, oversight of the company’s technical strategy and operations. Before joining Forbes, Mykolas was a Partner with KAHLEPartners, the Washington, DC-based CIO advisory firm, where he directed sales and business development activities. In addition, he has held positions as Chief Information Officer of W. P. Carey, a public Real Estate Investment Trust, Chief Executive Officer of LOBBY7, a venture capital-backed telecommunications software company, and in 2006 earned a CIO Decisions Midmarket Leadership Award. Mykolas is a frequent commentator on executive issues, and has been quoted in The New York Times, CIO Magazine, and InformationWeek. He is a regular keynote speaker and guest lecturer at Harvard Business School, the New York Department of Education, CXO Media Conferences, and Charles River Ventures. Mykolas is also a contributor to Greg Smith’s 2006 book, ‘Straight to the Top, becoming a World-Class CIO’. Mykolas attended the Massachusetts Institute of Technology where he concentrated in Operations Research and Information Technology, and is an active member of the venture capital and start-up communities. He currently resides in the New York City area, and is an avid fencer.

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Nathaniel Wice, Founder, MiShare LLC
Nathaniel Wice heads the digital-media device start-up miShare, now launching its first product, a file-sharing handheld for iPods (http://mishare.com). A technology entrepreneur and marketer with a journalism background, Wice served as the editorial lead on personal technology Web sites for Time Inc. and Time magazine from 1998 to 2001, and created the altculture.com encyclopedia and Web site. From 2002 to 2005 he led print and online projects for clients including Microsoft, Avaya, Bank of America, Gateway, and Toyota Lexus as editorial director of Interpublic Group’s custom-publishing division. Mr. Wice earned a Masters in Business Administration from Wharton, and has been widely published about business and technology. Current board service includes the non-profit Lantern Group, one of the largest providers in New York City of housing for homeless persons with AIDS, and the Tai Chi Chuan Center, which brings tai chi exercise classes to New York City parks and senior centers.

Benjamin Woo, Vice President of Research for Storage Systems, IDC
Benjamin Woo brings a diverse set of skills and knowledge and more than 15 years of experience to his new position. Prior to joining IDC, Woo served as vice president of Sales at ASI System Integration, Inc., a national provider of technology solutions and services, where he was responsible for the dramatic growth and expansion of the company. Previously, Woo served in several key sales and management roles at Network Appliance, Inc. and MTI Technology Corporation. In addition to his corporate responsibilities, Woo has provided advice on the data storage industry to decision-makers at investment firms and corporations. A self-confessed “closet geek”, Woo is uniquely able to articulate business values from complex technologies and conversely, communicate technically the shifting challenges faced by organizations today. Woo has also served on a number of advisory councils to leading storage manufacturers, counseling them on strategies and directions relating to the industry.

About Logicworks
Founded in 1993, Logicworks exclusively delivers high-availability hosting solutions to savvy, high-growth customers in need of maximum uptime for their applications and content. Through its High-Availability Hosting and No Transactions Lost Database Services, Logicworks offers unmatched technology expertise to its diverse client base, which includes Small-to-medium sized businesses and Fortune 500 companies in a multitude of industries. For additional information, visit www.logicworks.net or call 866-FOR-LOGIC.

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