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Eliyon Technologies Reports Record Second Quarter 2004 Growth

July 15, 2004 - Cambridge, MA

Eliyon Technologies, (www.eliyon.com), the leader in automated content creation search technology, today reported that it achieved record sales and signed a record number of new customers in the second quarter of 2004. Sales for the second quarter of 2004 were nearly 230% of sales for the same period in 2003, and put the company in the black for its seventh consecutive fiscal quarter. During the quarter, Eliyon added more than 130 companies to its customer list, including Bessemer Venture Capital, Boston University, Google, Mellon Financial, Oppenheimer Funds, Rutgers, Sybase, Tyson Foods, University of Pittsburgh, Virginia Tech, The Wall Street Journal and more. In a separate announcement today, the company announced that it raised $7 million in its first round of capital funding with Venrock Associates.

Eliyon is the largest source of information on business people, professionals and executives in nearly 1.5 million U.S. companies. Many of Eliyon's customers use its database and search tools to locate hard-to-find job candidates with specific skills and experience from its over 21 million profiles of business people and nearly 1.5 million company profiles.

"Everyone who needs information about people in business will benefit from using Eliyon, for business development, fund raising, competitive intelligence, recruiting and more," said Jonathan Stern, founder and CEO of Eliyon Technologies. "We have a huge market that we have only just begun to penetrate, and with the new capital investment we just received, we have even more aggressive growth to look forward to."

Eliyon's technology is the first successful large-scale implementation of knowledge extraction and aggregation of business information from web sources. Eliyon's automated tools continually visit millions of news sources, web sites, SEC filings and press release distribution sites. Using artificial intelligence and natural language processing, the tools "read" pages and extract specific information about people, companies, products, services and industries. Millions of records are extracted every day and then integrated with related information to create comprehensive profiles of people in business and of companies and organizations.

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