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StarCite, Inc.
is a leading provider of e-products and services to the global meeting
and events planning industry.
In 2004, seeing
an opportunity to advance its industry-leading technology platform
and capitalize on industry consolidation, StarCites Board
of Directors asked existing investors to submit proposals to lead
a growth equity financing.
The Company
received several competing proposals from existing investors and
ultimately accepted a financing and recapitalization proposal led
by Internet Capital Group, Seaport Capital, and TL Ventures.
The Special
Committee of the Board of Directors of StarCite engaged Curtis Securities
to assist in analyzing several financing and recapitalization proposals
and to provide a fairness opinion in connection with this transaction.
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