SALT LAKE CITY (August 1, 2005) – TecServ, Inc., a technology consulting company headquartered in Utah, announced today that it has received an equity investment from Grow Utah Ventures, a private equity venture fund formed by prominent Utah entrepreneur Alan Hall.

TecServ historically has been a consulting and systems integration company but has recently expanded into software distribution and marketing.  Earlier this year TecServ announced that it signed a worldwide distribution agreement with Stoneware Inc., an innovative software development company.  Under the terms of the agreement, TecServ will partner with Stoneware to build a world-wide value added reseller (VAR) channel for Stoneware products and services.

Stoneware’s webNetwork™ product is a unique solution designed to provide secure remote access to an organization’s applications and services over the Internet with a standard web browser.  The functionality of webNetwork™ allows a company to quickly and economically integrate and consolidate existing legacy, custom and third party applications into a cohesive web enabled view.

TecServ is one of five companies to receive funding from Grow Utah Ventures.  “We are excited that such a highly regarded venture fund is interested in TecServ and our relationship with Stoneware,” stated Jim Ellsworth, CEO of TecServ.

In addition to the equity investment, Alan Hall Founder of Grow Utah Ventures and CEO of MarketStar will join TecServ’s Board of Directors, lending his years of business experience to help drive the company’s success.  “TecServ has a great opportunity with the Stoneware contract and we are pleased to help them now with their growth objectives,” said Mr. Hall.

About TecServ

With offices in Phoenix AZ and Salt Lake City UT, TecServ Inc. focuses on helping clients plan, implement, and manage their IT Infrastructure.  Through the effective use and deployment of technology to meet business requirements, TecServ has helped numerous organizations gain a competitive advantage and decrease their IT spending.   Clients include small/medium sized businesses, as well as enterprise organizations with a particular focus on the financial, education, municipality and manufacturing sectors. For more information call 1-866-889-7425 or visit www.tecservinc.com.

About Grow Utah Ventures

Headquartered in Ogden UT, Grow Utah Ventures is directly involved in assisting a number of early stage Utah businesses in obtaining financial resources and achieving their revenue goals.  Through partners and private members associated with Grow Utah Ventures, they are able to help a wide range of businesses transition from the seed to the early stages of business growth.  Grow Utah Ventures is an integral player in Utah's emerging "angel network" where the resources of independent investors are combined to support selected businesses.  For more information about Grow Utah Ventures, visit www.growutahventures.com or call 801-479-5525.

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