Tom Wheeler Joins Core Capital Partners

Washington, D.C. – September 14, 2004 – Core Capital Partners, a $170 million venture fund that invests in a broad range of technology companies, announced today that telecommunications veteran Tom Wheeler has joined the firm as a special partner. Wheeler will assist the firm in identifying and pursuing new technology investment opportunities and will serve on the board of directors of selected portfolio companies.

Wheeler recently retired as the President and CEO of the Cellular Telecommunications and Internet Association (CTIA) after more than a decade with the organization. The CTIA is an international organization that represents all sectors of wireless communications-cellular, personal communication services and enhanced specialized mobile radio. Members include the world’s largest service providers, manufacturers, and wireless data and Internet companies. As President, Wheeler worked closely with senior management of all the leading telecommunications companies and led the industry through massive regulatory and policy changes.

Prior to his work at CTIA Wheeler was a telecommunications entrepreneur who founded or helped develop several companies both domestically and internationally. From the mid-1970s to the mid-1980’s he also served as President of the National Cable Television Association (NCTA), the principal trade association of the cable television industry. NCTA represents cable operators serving more than 90 percent of the nation’s cable television households and more than 200 cable program networks, as well as equipment suppliers and providers of other services to the cable industry.

“We are delighted that Tom has joined the firm,” said Jonathan Silver, Managing Director of Core Capital Partners. “Tom’s personal impact on the telecommunications industry is near legend. As a telecom executive, policy and planning expert and entrepreneur, Tom brings unparalleled expertise to the Core Capital team.”

Wheeler’s business acumen has been instrumental to the successful growth and development of a number of public and privately held companies. He is currently on the board of several high-profile companies including, Earthlink, InPhonic and Telephia. In addition, he is the co-founder of SmartBrief, an electronic information service for vertical markets.

“Core Capital’s focus on truly transformational technologies and its concentration on the opportunity-laden East Coast market have placed its performance at the top of the venture industry,” said Tom Wheeler. “Even more compelling, however, is the high caliber of people at the firm – Core Capital’s people are among the best in the industry and I’m thrilled to be part of this team.”

Wheeler has been a frequent commentator on technology issues. His opinion columns have been widely published in major daily newspapers such as the Washington Post and Los Angeles Times. In 2000, Doubleday published his first book Take Command: Leadership Lessons of the Civil War on the confluence of business, technology and leadership. He is currently working on his next book, From Gutenberg to Google, about the impact of technology-driven networks throughout history.

Wheeler is a Trustee of the John F. Kennedy Center for the Performing Arts, Chairman of the Foundation for the National Archives and a director of the Public Broadcasting Service.