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videoNEXT Secures $5.4M in Series B Financing
Joseph Costa Appointed as President and CEO for Security Software Developer

May 8, 2007 - Chantilly, Va.

videoNEXT, a developer of innovative security management solutions, today announced that it has closed $5.4 million in series B financing and has appointed Joseph Costa as its president and chief executive officer. Christopher Gettings will continue in the role of chairman and assume responsibilities for business development for federal customers and strategic partners.

This round of financing was concluded at a significantly increased valuation over videoNEXT's initial round in December 2005. The lead Series B investor is Delta Private Equity Partners of New York City and Moscow. New Series B funding also came from Newlight Associates, a venture capital firm based in New York City, and Longstreet Partners, a private equity and M&A firm headquartered in Vienna, Va. Newlight Associates and Longstreet Partners were both participants in videoNEXT's Series A financing in December 2005. This new round of funding will be used to further expand marketing, sales and product development efforts.

"I am really gratified that Joe finds videoNEXT and the technology we have created to be as exciting as I do," said Gettings. "By joining our team, he marks a new stage in the company's development and growth. Joe brings extraordinary depth in leadership and experience in building strong partner and dealer networks in the security space. We're building the team to take the videoNEXT message and offering to the broader commercial markets served by leading systems integrators."

Regarding the financing, Gettings continued, "I am pleased to welcome Delta Private Equity Partners on board with us. The great progress we have made since our Series A funding combined with more than 100% revenue growth over the same quarter last year enabled us to attract such a high caliber financial partner, and at such a big increase in value."

"Video surveillance is the fastest growing segment in the security industry," explained Costa. "Having spent more than 30 years in the security industry, I see a great opportunity at videoNEXT. With the convergence that is occurring between IT and physical security, it is obvious that videoNEXT's Security Knowledge Manager (SKM®) facilitates and accelerates this process. The company not only offers a stable, feature-rich product with high market demand, but its team of dedicated IT professionals is very passionate about the company and the system they have developed. I look forward to maximizing this investment and taking videoNEXT to the next level in its path to success."

About Joseph Costa

As a partner with Rampart Partners, LLC. of Reston, Va., Mr. Costa provided consulting services for videoNEXT for nine months before being appointed president and CEO of the company. Mr. Costa comes to videoNEXT with more than 30 years of experience as an electronic security industry executive and is widely recognized as an electronic security systems integration and technology expert. Prior to forming Rampart Partners, Mr. Costa was the co-founder, chairman and CEO of ISR Solutions, Inc., a security systems integration company providing enterprise-wide security management solutions to Fortune 1000 caliber companies and government agencies. Venture backed by the Carlyle Group, ISR was sold to Stanley Security Solutions (NYSE:"SWK") in 2004.

Mr. Costa was also the founder and CEO of LINX Technologies, a leading manufacturer of large integrated access control and intrusion detection systems, which was sold to Mosler, Inc. in 1993. At Mosler, Mr. Costa held the position of vice president of Federal Systems and Commercial Business Development.

About Delta Private Equity Partners

Delta Private Equity Partners is a leading manager of private equity funds dedicated to developing and funding emerging growth companies, particularly those participating in Russia and Eastern Europe that possess the potential to become market leaders. It has invested over $300 million in 44 Russian companies through The US Russia Investment Fund established in 1994 and Delta Russia Fund, a successor private fund set up in 2004. More information is available at www.dpep.com.

About Longstreet Partners, LLC

Longstreet Partners, LLC ("Longstreet") is a private equity and M&A firm focused on regional small to mid-sized enterprises. Founded in 2002, the firm's partners bring over 100 years of experience of investing in, operating, growing, acquiring and divesting businesses. For more information about Longstreet partners visit www.longstreetpartners.com.

About Newlight Associates

Newlight Associates is a group of venture capital partnerships that invest equity capital in all stages of information technology companies. Newlight seeks to form long term partnerships with talented management teams that are committed to building world-class technology companies. Founded in 1997, Newlight manages over $100 million in assets from its offices in New York City and Long Island. For more information, visit www.nlventures.com.

About videoNEXT

videoNEXT Network Solutions, Inc. is a developer of cutting-edge video security management solutions for military, government and private industry facilities. The company's flagship solution, Security Knowledge Manager (SKM®), integrates video surveillance, access control and biometrics with an organization's IT infrastructure. videoNEXT simplifies enterprise-level security implementation and control using brand-independent hardware and networks, providing a web-based dashboard for 24x7 access from any location. Founded in 2002, videoNEXT is a certified small business headquartered in Chantilly, Va. For more information on videoNEXT, visit www.videonext.com or call 866-723-3077.