For Immediate Release

RippleImpact Expands Into Canada

April 10, 2002, Redondo Beach, CA - RippleImpact announced today the opening of the North East regional office. The office will be based in Ottawa, Canada.

RippleImpact is a software development company focusing on custom object oriented applications, and enterprise Internet software solutions. RippleImpact’s corporate headquarters are based in Southern California. Philosopher’s Stone Ventures, the parent company, is a technology incubator also based in Southern California. The incubator’s mission is to work with entrepreneurs and investors to build profitable companies.

“We are very excited to be opening a satellite location, and this will allow us to have a Canadian presence,” noted Jenny Sakhrani, CFO of RippleImpact. “In addition to this office, we also have offices in India, thus making our company a true 24/7 operating company.”

President, S. Ramesh, and CFO, Jenny Sakhrani are Canadian citizens, and founded Philosopher’s Stone Ventures in late 1990s. The incubator later launched RippleImpact and Grayhat Security, a computer and network security company.

Mr. Ramesh is an experienced CTO, Chief Software Architect and expert in the management and design of complex computer systems and software development. His previous experience includes working for Sprint, IBM, Goldman Sachs and ClearStream Bank. He is on several advisory boards for venture fund organizations, including GKM Ventures and Tech Coast Angels.

Ms. Sakhrani has more than 15 years of experience in accounting, finance, valuations, business strategy, operations and mergers and acquisitions. Prior to Philosopher’s Stone Ventures, she was the CFO of Matchcraft.com. As well as being a successful entrepreneur, she is an active investor in early stage technology companies and is currently a board member of four technology companies.

For media information, contact:
Belinda Racasa
RippleImpact
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@rippleimpact.com
http://www.rippleimpact.com

RippleImpact is a software development division focusing on custom object oriented applications and enterprise internet software solutions. It is a division of Philosopher's Stone Ventures, a high technology incubator based in Southern California.