December 9, 2002

I am very pleased to announce the closing of a $10mm Series A Financing, which Katalyst just concluded on behalf of Solena Group.

Solena is a leading provider of renewable energy technology, based in Washington, D.C. Katalyst has been working with Solena as business advisor and investment banker to structure, market, negotiate and close this Series A round. We are proud of Katalyst's success in the face of a challenging market environment, and we are excited about the future prospects for Solena now that this financing is complete.

With this deal, Katalyst has now advised a number of leading energy technology companies in the past year, including Enerwise, Sixth Dimension and Solena. In the three years since Katalyst was founded, we have worked with nearly 70 companies to raise capital (over $300mm raised), execute M&A transactions, and drive growth through providing interim executives, refocusing market and product priorities, and devoting hands-on resources to support senior management. Katalyst's network combined with the high level of operating expertise that our team brings to the table, allow us to provide valuable services to build your business that are not readily available elsewhere.

I have attached a copy of the Solena press release, below, for your information. We look forward to talking with you further to determine how Katalyst can help to build success for your businesses and portfolio companies.

FOR IMMEDIATE RELEASE CONTACT: Summer Stitz (202) 223-4933 sstitz@stantoncomm.com SOLENA GROUP SECURES EQUITY FUNDING OF$10 MILLION FROM GLOBAL ENERGY INVESTORS Leading Provider of Renewable Energy Technology Gains Key Financial and Strategic Backing WASHINGTON, D.C. (November 19, 2002) - Solena Group, Inc., a leading provider of renewable energy technology, announced today that it has raised $10 million from an investment syndicate led by Montreal-based Hydro-Quebec CapiTech Inc. and Detroit-based Edison Development Corporation, a division of DTE Energy. Also participating in the round were OPG Ventures, Inc., a division of Ontario Power Generation, and Ocean Lines Limited, a subsidiary of CSL Equity Investments Ltd. Katalyst acted as investment banker to Solena in this transaction. The new investor group joins Solena's current strategic investor, Gruppo ENEL, which invested in Solena two years ago through its wholly-owned, alternative energy subsidiary Elettroambiente S.p.A. Gruppo ENEL is the largest public utility in Italy and fourth largest in the world. The current financing round will remain open for a limited period of time to accommodate active discussions with other interested investors. "We are very enthusiastic about the quality, strength, and diversity of this syndicate of strategic investors," said Dr. Robert T. Do, founder and CEO of Solena Group. "Each of our new investors aims to work with Solena to develop and implement Solena technology in order to meet worldwide demands for renewable energy. Solena will use this capital and strategic support to assist communities and businesses around the world as they address their waste management problems as well as produce clean renewable energy." Solena Group promotes and develops its Solena Plasma Gasification and Vitrification ("SPGV") technology to convert organic feedstock into a synthesis gas that is used as an alternative fuel source in integrated combined cycle gas turbines. Inorganic material is melted into harmless slag that can be safely used for construction purposes. Solena licenses its proprietary technology for implementation in renewable energy plants around the world. An SPGV plant operates on a broad range of feedstocks including municipal wastes, biomass, and coal materials to produce clean and "green" energy without causing polluting emissions. By applying SPGV technology to solve waste management problems, there will be significant reduction of green house and acid rain related gas emissions, which are normally released by both waste-burning incinerators and landfills. Founded in 1995, Solena currently has renewable power plants under development and construction in Europe, Asia and North America. # # #