SPRING 2006 INVESTOR RELATIONS UPDATE
Since our last newsletter in the Fall, The Blueshirt Group has continued to expand its investor and media relations practices - adding both new personnel and new clients. We are very pleased to announce the addition of Anna Brady to our IR practice and Kim Hughes to our PR team. Both Anna (anna@blueshirtgroup.com) and Kim (kim@blueshirtgroup.com) will be important to our firm, and we are excited to have them on board.


NEW CLIENTS

We are pleased to announce the addition of a number of new public and pre-IPO clients to our roster of technology companies.

Actions Semiconductor (Nasdaq: ACTS)
Current Market Cap: $840M
IPO: Nov 2005
IPO Team: CSFB, CIBC, WR Hambrecht
Actions is one of China's leading fabless semiconductor companies. Actions provides system-on-a-chip (SoC) products and total solutions for the development and manufacture of personal media players. The company's total product and technology solutions allow customers to quickly introduce new personal media players, including MP3 players, to the mass market in a cost effective way.

Corel Corporation (Nasdaq: CREL; TSE: CRE)
Current Market Cap $400M
IPO: Apr 2006
IPO Team: Morgan Stanley, JP Morgan, Deutsche Bank, Piper Jaffray, CIBC, Canaccord Adams
Corel is a leading global packaged software company with distribution in over 75 countries. With the acquisition of WinZip, Corel will have an estimated installed base of over 40 million users worldwide. The company enjoys a favorable market position among value-conscious consumers and small businesses with its award-winning portfolio of full-featured, affordable and easy-to-use productivity, graphics and digital imaging software. Corel's products are sold through a scalable distribution platform comprised of OEMs, Corel's domestic and international websites, and a global network of retailers and resellers.

VistaPrint (Nasdaq: VPRT)
Current Market Cap: $1.2B
IPO: Oct 2005
IPO Team: Goldman Sachs, Bear Stearns, SG Cowen, Jefferies Broadview
VistaPrint is the leading online supplier of high-quality graphic design services and customized printed products to small businesses and consumers worldwide with over 6 million customers in more than 120 countries. VistaPrint offers a broad spectrum of products ranging from business cards and brochures to invitations and holiday cards. Through the use of proprietary Internet-based graphic design software, 16 localized websites, proprietary order receiving and processing technologies and advanced computer integrated printing facilities, VistaPrint offers a meaningful economic advantage relative to traditional graphic design and printing methods.

VitalStream (OTC: VSHI)
Current Market Cap: $270M
VitalStream is an international provider of streaming media and integrated content delivery services that enable businesses to broadcast digital media and communications to worldwide audiences via the Internet. VitalStream provides complete solutions, including audio and video streaming, live event broadcasting, media asset management, integrated Web hosting and consulting services that seamlessly integrate with today's leading streaming media technologies. Customers include MySpace.com, Disney, Comcast and Salesforce.com.


Additionally, The Blueshirt Group is providing consulting services for two emerging companies:

InfoSearch Media
InfoSearch (OTC: ISHM) helps businesses succeed on the web by implementing content-based solutions that can simultaneously increase online search engine rankings and website sales performance. Priced for the small and medium sized business, Infosearch Media drives website performance through its two products: ContentLogic and ArticleInsider.

LiveWorld
LiveWorld (LVWD.PK) is a full service online community agency that creates, operates, and manages loyalty marketing, customer support, and business intelligence communities based on the Company’s unique community applications platform and strategic community model. LiveWorld solutions enable Fortune 1000 companies to strengthen customer relationships, increase revenues, and reduce costs. Clients include companies such as America Online, eBay, Dove, HBO, MINI Cooper USA and Warner Brothers. LiveWorld is headquartered in Los Gatos, California and deploys its services in over 30 country-language combinations.


PR AND MEDIA UPDATE

While Blueshirt is best known for its IR work, our PR team offers financial media relations services for our IR clients as well as several venture capital (VC) firms and private companies. Recent significant media placements for our VC client DCM-Doll Capital Management include a cover story in The Daily Deal on Co-founder and Managing General Partner Dixon Doll and the growth of the firm, and a page B-1 profile in The Wall Street Journal on Co-founder and Managing General Partner David Chao and DCM's initiatives in Asia. Focus Ventures' recent successful closing of its $250 million Focus Ventures III fund received substantial coverage in a variety of publications including The San Jose Mercury News and Red Herring.


NON-DEAL ROADSHOWS AND CONFERENCES
Many of Blueshirt’s clients will be conducting non-deal roadshows and participating in financial conferences this Spring and Summer including:

Actions Semiconductor (ACTS)
Altiris (ATRS)
Analogic Tech (AATI)
Borland (BORL)
CallWave (CALL)
Cogent Systems (COGT)
Digital Theatre Systems (DTSI)
Drugstore.com (DSCM)
Exponent (EXPO)
InfoSearch Media (ISHM)
Intervideo (IVII)
LookSmart (LOOK)
MRV Communications (MRVC)
Napster (NAPS)
NetManage (NETM)
Novatel Wireless (NVTL)
Oplink Communications (OPLK)
RightNow Technologies (RNOW)
SMART Modular (SMOD)
SumTotal (SUMT)
Synaptics (SYNA)
VistaPrint (VPRT)
VitalStream (VSHI)
Wider Than (WTHN)
WJ Communications (WJCI)

If you have an interest in seeing one of these companies or would like to be added to a special marketing list for consideration the next time any of these companies visits your city, please feel free to contact us at info@blueshirtgroup.com.


CONTACT US

The Blueshirt Group
456 Montgomery Street
11th Floor
San Francisco, CA 94104
415-217-7722

The Blueshirt Group
420 Lexington Avenue
Suite 2431
New York, New York 10170
212-867-2593

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