Press Release May 31, 2005

New York Angels Make Several Technology Financings

BOSTON, May 31, 2005 – New York Angels, an independent consortium of individual accredited angel investors, recently announced its members have led new investments in MediaTile and Spotlight Data, two companies selected from more than 250 business proposals submitted in the last 12 months. It has also made follow-on investments in Zero-G and BioScale to help these companies continue developing their business strategies. New York Angel members have invested a total of $2 million in 2005.

The New York Angels investors were represented in these matters by Lori S. Smith.