Advantage Capital Texas Invests in Houston-Based Commerciant

Round of Funding Closes With $2.5 Million to Expand
Marketing, Sales and Operations

HOUSTON, Texas - December 13, 2005 - Commerciant, LP, a leader in wireless, handheld payment processing solutions, has completed its latest round of financing with Austin-based Advantage Capital Texas investing $500,000.  Advantage Capital joins Houston-based Aegis Texas Venture Fund, LP (Aegis TVF) and Austin-based Accent Texas Fund I, LP in providing a total of $2.5 million in new capital for the company. Commerciant will use the funds to expand marketing, sales and operations to meet growing demand for wireless payment processing solutions.

“This new funding enables Commerciant to move forward with growth plans, in particular to execute a strong sales and marketing strategy that will deliver our product to our customers in numerous market segments,” said Tim Davis, Commerciant Chairman and CEO. “We welcome Advantage to our strong group of investors.”

“Commerciant has a strong product, an experienced management team, and exciting potential in a growing market,” said Timothy Cockshutt, a managing director at Advantage.  “Funding a promising, early stage technology-based business such as Commerciant fits our investment strategy as part of the state’s Certified Capital Companies program.”

Through its patented check processing technology, Commerciant will be the first company to enable both credit card and check processing from the same wireless handheld device.  ISOs and agents will be able to create new revenue streams using a Commerciant solution that targets previously unserved and under-penetrated market segments.

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About Advantage Capital Texas
Advantage Capital (www.advantagecap.com) is a private equity firm focused on investing in promising companies in connection with federal, state and local economic development efforts.  With offices and partners in Austin, New Orleans, St. Louis and other cities, Advantage has raised more than $700 million in institutional venture capital since 1992 and invested in companies located in geographic areas underserved by traditional venture capital.

About Commerciant®, LP
Commerciant, LP is the leader in wireless, handheld payment processing technology. The company's Mobilescape® solution enables its customers in industries such as residential services, restaurants, airlines and delivery services to accept credit card and check payments everywhere, delivering increased revenues and operational efficiency while reducing risk. Designed and manufactured in the U.S., Mobilescape provides Commerciant's customers with a complete wireless credit card and check payment processing solution that includes hardware, software, integration services, wireless service, transaction processing, support and maintenance.