New investment iNEWit Quest for Growth NV

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					Press release
Embargoed until Monday 10 March 2008                               5.40 PM


QUEST FOR GROWTH
 Privak, fixed capital investment company established under Belgian Law



                  Quest for Growth invests in iNEWiT,
          a Belgium-based mobile video communication expert




For further information:    QUEST MANAGEMENT NV
                            Mr. René Avonts, Managing Director
                            Tel: +32 (0)16 28 41 28
                            Fax: +32 (0)16 28 41 29

                            QUEST MANAGEMENT NV
                            Ms. Katrin Geyskens, Senior Investment Manager
                            Tel: +32 (0)16 28 41 28
                            Fax: +32 (0)16 28 41 29




On March 6, 2008, QUEST FOR GROWTH has made an investment of € 750,000 as part of a total
investment round of € 2.05 million in iNEWiT. iNEWiT is an emerging leader in mobile IP-based video
surveillance solutions.


QUEST FOR GROWTH joins existing investors Big Bang Ventures and Allegro Investment Fund. For more
information, please refer to iNEWiT’s corporate press release attached.




About iNEWiT                                                                  w ww . i n e wi t. b e

iNEWiT is an emerging leader in plug and play mobile video communication appliances. Koen Faes, CEO, and
Paul Mortelmans, CTO, founded iNEWiT in 2005 to address the growing demand for meaningful applications in
the world of 3G telecommunications and mobile video communication applications. Headquartered in
Mechelen, Belgium, iNEWiT currently employs 20 people. The company initiated production early 2007.
Press release
Embargoed until Monday 10 March 2008                                              5.40 PM
About QUEST FOR GROWTH                                                                  w ww . q u e s t f o rg ro w t h. c o m


The Privak “QUEST FOR GROWTH” is a Pan-European investment company that invests in European
technology-based growth companies in a broad range of industrial sectors such as information technology,
semiconductors, telecommunications, software, electronics, biotechnology, medical devices, health-care and
new materials. QUEST FOR GROWTH invests in quoted and unquoted companies.

QUEST FOR GROWTH is Belgium’s first Privak and is an investment company traded on the continuous market
of Euronext Brussels. The Belgian Government created the legal and fiscal framework for the Privak as a tax
transparent investment vehicle specially tailored to the needs of private equity.

The Privak “QUEST FOR GROWTH” is managed by Quest Management NV.




This announcement is not an offer to sell or a solicitation of an offer to buy any securities in the above companies in which QUEST FOR
GROWTH has invested. This announcement appears solely as a matter of record.

The securities of the companies referred to in this document have not been registered with the United States Securities Act of 1933,
and may not be offered or sold in the United States other than pursuant to an effective registration statement or an applicable
exemption from registration.

This press release may contain forward-looking statements that involve risk and uncertainty. Although QUEST FOR GROWTH believes
that the expectations reflected in such forward-looking statements are based on reasonable assumptions, no assurance can be given
that such projections will be fulfilled. Any such forward-looking statement must be considered along with knowledge that actual events
and results may vary materially from such predictions due to, among other things, political, economic or legal changes in the markets
in which the companies in which QUEST FOR GROWTH invests do business or the stock markets in which these companies are listed.
Readers are referred to the prospectus, which was issued at the time of the IPO that identifies the important risk factors proper to
QUEST FOR GROWTH.




                       QUEST FOR GROWTH NV
                       Privak, fixed capital investment company established under Belgian Law
                       Lei 19, bus 3 B-3000 Leuven - Phone: +32 (0)16 28 41 28 Fax: +32 (0)16 28 41 29

                       www.questforgrowth.com
                       quest@questforgrowth.com
PRESS RELEASE

          iNEWiT Announces EUR 2,05 Million Round.

Mechelen, Belgium – March 10, 2008 – iNEWiT, the Belgium-based
mobile video communication & monitoring expert, announces that it
has closed a EUR 2,05 million (USD 3,1 million) round.

After a EUR 0,6 million seed round in September 2006 and a EUR
1,4 M first round in January 2007, iNEWiT is happy to welcome
Quest for Growth as a new shareholder and lead investor in a EUR
2,05 million (USD 3,1 million) investment in the company. Quest for
Growth invested EUR 750.000 in this round. First round lead
investor Big Bang Ventures, seed round investor Allegro and the
management team also participated in this round.

iNEWiT is an emerging leader in mobile IP-based video surveillance
solutions. The company’s products use its patent pending
technology for transmission of data, video and sound over a wide
variety of wireless and wired environments and multiple platforms
(mobile phones, PDA, PC, etc.). iNEWiT’s products are used by
consumers and businesses for safety, monitoring and surveillance of
homes, holiday homes, ill or handicapped family, warehouses,
offices and public transportation, but can also wirelessly control
public displays.

The Company plans to use the proceeds of this round to finance the
expansion of its sales & marketing team and the initial production
runs of its ViU device. Following the investment, Katrin Geyskens of
Quest for Growth will join iNEWiT’s board as an Observer.

“I’m very pleased that Quest for Growth has joined our investor
base,” said Koen Faes, CEO of iNEWiT. “This new commitment by
another leading investor confirms the great market potential of our
technology. We are up to speed with a successful sales & marketing
campaign that is filling up our sales pipeline with high potential
leads. 2008 is an important year for us. We aim to take the global
market with the VIU product, a security & monitoring appliance
based on our core technology.”
Katrin Geyskens, Investment Manager of Quest for Growth, said:
“The trend away from traditional video calls towards IP-based video
surveillance is undeniable. iNEWiT is ideally placed to leverage its
technology into this emerging market space.”

Information for editors:
About iNEWiT
iNEWiT is an emerging leader in plug and play mobile video communication
appliances. Koen Faes, CEO, and Paul Mortelmans, CTO, founded iNEWiT in 2005
to address the growing demand for meaningful applications in the world of 3G
telecommunications and mobile video communication applications. Headquartered
in Mechelen, Belgium, iNEWiT currently employs 20 people. The company
initiated production early 2007.
www.inewit.be

About Quest for Growth
Quest for Growth focuses on European technology-based growth companies in
sectors such as life sciences, information technology, software, semiconductors,
telecom, electronics, new materials and special situations in other growth sectors.
Funds under management amount to € 116 million, on December 31st, 2007.
Quest for Growth has been listed on Euronext Brussels since September 23rd,
1998.
www.questforgrowth.com


About Big Bang Ventures
Big Bang Ventures invests in early-stage companies in the information and
communication technology sector in the larger Benelux region. Formed in 2000,
the fund has over € 40 million under management. Big Bang Ventures leverages
its extensive operational experience to actively support startups in realizing their
growth ambitions.
Past investments include DataCenterTechnologies (sold to Symantec); Dedigate
(acquired by Terremark) and Clear2Pay, a leading payments technology
company.
www.bbv.be


About Allegro Investment Fund
Allegro Investment Fund invests in Flemish hi-tech start-ups with international
ambitions. Allegro Investment Fund aims to maintain a long-term relationship
with the company it invests in and therefore attaches great importance to the
skill and integrity of the management team. Also, the company needs to hold a
unique technological position in the market.
www.allegroinvestmentfund.com


For more information, please contact:
iNEWiT NV
Johan Perremans – Marketing & Communications Manager
T: +32 15 272 304
M: +32 479 999 612
E: johan@inewit.be

				
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