In The News
SOURCE: Web Host Industry Review

DH CAPITAL ADVISES WEB HOSTING FIRMS

April 19, 2006 -- (WEB HOST INDUSTRY REVIEW) -- Investment banking firm DH Capital (dhcapital.com) announced on Wednesday that it was the exclusive financial advisor to Hosted Solutions (hostedsolutions.com) in securing $4,950,000 in equity capital from a group of private investors.

"Having worked with Rich Lee and his team on several capital raises, we have seen first hand how exceptional facilities and outstanding customer service combine to provide great value to their customers," says Peter Hopper, president of DH Capital. "Given the strength of the company's balance sheet and the team's incredible focus on satisfying customers, we look forward to helping Hosted Solutions continue their exceptional growth"

The investment firm also announced it served as exclusive financial advisor to Web services company FortuneCity (fortunecity.com) to explore strategic options and financial alternatives for its online photo sharing provider, MyPhotoAlbum (myphotoalbum.com).

The New York-based DH Capital serves the media, Internet and telecommunications industries. It has extensive experience in the areas of capital formation, finance, research, business development and operations. DH Capital offers a full range of advisory services to companies and financial institutions including private placements, mergers and acquisitions, financial restructuring and operational consulting.