Sean Murdock joins the Alliance having built the leading regional Nanotechnology initiative in AtomWorks, and having spent several years at McKinsey initiating the firm's nanotechnology efforts.

"This transition has been a year in the planning. We could think of no better and more experienced person than Sean to assume this role, as he has been a leader in the nanotechnology community in the midwest and nationally," said Mark Modzelewski. "Sean's background at AtomWorks as an entrepreneur and at McKinsey will provide the Alliance with the right person and the right skill sets to drive the further development of the industry."

"I'm excited to join the Alliance, as Mark and co-founder Nathan Tinker have done a remarkable job in catalyzing the industry, establishing policy leadership, and providing a forum for those commercializing nanotechnology," said Sean Murdock. "Going forward, we will deliver even greater value to current and future Alliance members as nanotechnology becomes a business reality in a wide range of industries."

The transition will occur over the course of the summer of 2004 to ensure continuity and ongoing expansion of Alliance programs and services. The Advisory Board and other staff, including event staff, will remain unchanged and continue operations as usual.

Mark will continue to focus on public policy issues and guide the Alliance's efforts in Washington, D.C.

About the NanoBusiness Alliance, Inc.

The NanoBusiness Alliance is the first industry association founded to advance the emerging business of nanotechnology. The NanoBusiness Alliance creates a collective voice for the emerging small tech industry and is developing a range of initiatives to support and strengthen the nanotechnology business community. Exciting initiatives include research and education, public policy and awareness, public relations and promotion, networking, industry support and mentoring programs.

The Alliance was founded by F. Mark Modzelewski, Nathan Tinker and Josh Wolfe of Lux Capital in 2001. The Advisory Board of the Alliance is headed by the leaders of the nanotechnology community including Co-Chairmen famed venture capitalist Steve Jurvetson of Draper Fisher Jurvetson and Herb Goronkin, the noted nanotechnology visionary who recently retired from Motorola.

The Alliance is headquartered in New York City and has offices in Washington, D.C. and Denver, Colorado. www.nanobusiness.org.

About Lux Research

Lux Research is the world's premier research and advisory firm focusing on the business and economic impact of nanotechnology and related emerging technologies. Lux Research provides continuous advisory services, customized studies, and consulting to large corporations, start-ups, the government and financial institutions. The founders and research staff are the most widely recognized nanotechnology visionaries throughout the world.