Press Releases: 2000

Walden International Announces the Initial Public Offering of its Portfolio Company NewSoft Technology Corporation
(October 18, 2000) Walden International (WI) today announced the successful public offering of its portfolio company NewSoft Technology Corporation

Walden International Announces the Initial Public Offering of its Portfolio Company Accelerated Networks
(August 29, 2000) Walden International (WI) today announced the successful public offering of its portfolio company Accelerated Networks, Inc.

Walden International Announces That Its Portfolio Company Sonoma Systems Has Been Acquired By Nortel Networks
(August 18, 2000) Walden International (WI) today announced that its portfolio company Sonoma Systems Inc. has been sold to Nortel Networks Corp. (NYSE/TSE: NT) for $540 million in stock.

Walden International Announces Closing of New Fund: WIIG Communications Partners, L.P.
(July 11, 2000) Walden International (WIIG) today announced the closing of its US$158 million communications fund, WIIG Communications Partners, L.P. and associated funds.

Walden International Announces the Initial Public Offering of its Portfolio Company Centillum Communications Inc.
(June 26, 2000) Walden International, a leading global investment company, today announced the successful initial public offering of Centillium Communications (NASDAQ: CTLM), an innovative broadband solutions provider.

Walden International Announces the Initial Public Offering of Elan Microelectronics Corp.
(April 26, 2000) Elan was established in 1994 and specializes in the design of ICs for consumer appliances, telecommunications equipment, micro-controllers, PC peripherals and memory storage devices.

Walden International Announces GlobeSpan, Inc. to Acquire T.sqware, Inc.
(April 26, 2000) T.sqware, Inc. is a leading provider of network processors. T.sqware's programmable network processing chipset and integrated software suite is designed to meet the rapidly changing requirements of network edge equipment such as switches, routers, remote access concentrators, and DSLAMs.

Walden International Announces the Initial Public Offering of SINA.com
(April 19, 2000) SINA.com is a leading Chinese-focused Internet company bringing a comprehensive, user-friendly and fun online experience to the 1.3 billion people of Chinese descent worldwide.

Walden International Announces the Initial Public Offering of Skyworth Digital Holdings Limited
(April 17, 2000) Skyworth is among the top four TV manufacturers in China. It is selling under its own brand in the domestic market. It is also the largest TV exporter in China, selling under OEM brands overseas.

Walden International Announces Nortel Networks Corporation to Acquire Promatory Communications, Inc.
(January 27, 2000) Walden International ("WI") is pleased to announce that Nortel Networks Corporation, traded on NYSE under the symbol "NT", has signed a definitive agreement to acquire Promatory Communications, Inc., one of WI's portfolio companies, for US$778 million in a stock merger.