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September 14, 2004

John Occhipinti from Woodside Fund Selected by SDForum to Moderate RFID Panel

Woodside Fund Co-Led Recent RFID Funding of Intelleflex Corporation and CenterBoard

REDWOOD SHORES, Calif.--Sept. 14, 2004--Woodside Fund, an early-stage venture capital firm, today announced that managing partner John Occhipinti was selected by SDForum to moderate a panel entitled The RFID Revolution. Occhipinti was selected because of his knowledge of and investment experience in the radio frequency identification (RFID) market.

Recently, Woodside Fund co-led the funding of an $11.3 million investment in Intelleflex, a supplier of RFID products and applications that enable real-time information to be remotely read by computer systems. In November of 2003, Woodside Fund also invested in CenterBoard, which offers a patented network approach to data management solutions for RFID.

"We wanted an individual who was well-versed in the RFID field, was familiar with a wide-range of companies involved with this technology, and could direct the panel in an instructive, knowledgeable, and thought-provoking way," commented Laura Merling, SDForum's executive director. "We selected John Occhipinti because of his investment expertise in the RFID space and his understanding of anticipated uses of RFID. He will be an excellent moderator, and will undoubtedly lead the panel in a stimulating and educational direction."

"RFID is set to explode in the next few years, growing to nearly a $5.0 billion market in 2007. This disruptive technology promises to eliminate efficiencies in the supply chain by billions and to allow retailers to reduce inventories to minimal levels," said John Occhipinti. "I am sure that attendees of The RFID Revolution panel will participate in an intense debate over topics like when mass adoption will truly occur and how the industry will handle privacy concerns."

Further panel details:

The panel will be hosted at the Golden Gate Club in San Francisco on Wednesday, September 22nd from 6:30pm until 9:00pm. More than 130 attendees from a wide range of industries expect to hear subject matter experts and peers talk about the latest developments in RFID. The goal of the panel is to provide an educational forum and to answer any pressing questions about RFID.

The panel will include several leading technology developers and pioneering end-user corporations which include Keith Dierkx, senior vice president of operations for Embarcadero Systems Corporation; Salil Padhal, CTO of the RFID Program at HP Labs; Steve Shafer, senior researcher at Microsoft Research; and Jorge Fernandes, CEO and co-founder of VIVOtech. The panel will explore "RFID as one of the most promising technologies of the decade" according to Occhipinti, and the discussion "will revolve around the pros and cons of this controversial technology, the impact it is currently having on the business community and how RFID is positioned to revolutionize supply chains."

The RFID Revolution panel is being co-hosted by SDForum and SofTECH. For additional information about the event, please go to www.sdforum.org/RFID.

John Occhipinti Bio

John Occhipinti is a Managing Partner at Woodside Fund and dedicates his expertise to the enterprise software sector. Prior to joining Woodside, John was an early employee at Netscape Communications. As Director of Sales, John led a team that drove the company's first significant revenues, helping launch Netscape through its initial public offering. Later, John ran Netscape's Electronic Software Distribution and Strategic Channel Sales groups. Prior to Netscape, John worked at Oracle Corporation, marketing and selling large-scale enterprise database technologies. John has both an MBA and a BA from the University of California at Berkeley. He currently serves on the Board of Directors of Intalio, CenterBoard, Tacit Knowledge Systems and USBuild.

About Woodside Fund

Woodside Fund is a leading venture capital firm that excels in developing seed- and early-stage technology companies. Founded in 1983, the Fund attributes its long record of success to the high value it places on building productive partnerships with entrepreneurs, other investors and service providers. Typically a lead investor, Woodside Fund invests from $5 million to $15 million in early-stage enterprise software, fabless semiconductor and network infrastructure companies located on the West Coast. Woodside Fund has more than $330 million in capital under active management. For more information, go to www.woodsidefund.com.


For all press related questions or comments, please contact Katy Keim at katyk@woodsidefund.com
or phone 415.608.4251.





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