Scenios LLC Announces Company and Angel Funding

New York City-Based Company to Provide Cloud-Based Digital Asset Platform and Community for Professionals; Emmy Award Winning Founders to Launch Without Seeking Venture Capital

August 6, 2009 — New York — Scenios, LLC — a stealth company developing a cloud-based Digital Asset Management platform integrated with search and social networking components- today announced initial details of its funding in preparation for a September beta launch. Geared to the multimedia professional and founded by Emmy®-award winning producers and editors (5 Emmys with one founder alone), Scenios also has an equally strong technical team in place.

Scenios will be supported on Mac® OS X®, Microsoft® Windows®, Linux® and iPhone® and is based on open technology standards such as H.264 and HTTP 5. All rights-managed assets that are uploaded to Scenios will be searchable and Scenios supports open API frameworks to allow its community to leverage other sites and technologies.

In a unique situation given the current world economic crisis, Scenios is not seeking additional capital beyond its angel funding. The founders are confident that Scenios will quickly generate more-than-sufficient revenue upon launch to support rapid growth and profit. Scenios is not disclosing the amount of its angel funding round or sources, except to say that it is less than $2M US — this is to preserve the specifics of its platform and business model prior to launch.

“Scenios is the end-result of a vision shared by all of the company founders to enable a new class of Digital Asset Management geared to the multimedia professional as well as the ‘prosumer’,” said Mark Davis, one of the Scenios founders. “While we recognize that not seeking VC dollars is a bit unusual in this economy, we have raised more than sufficient funds to launch Scenios and we expect to achieve solid revenues and profits from launch. We believe that any company with sufficient ‘sweat equity’, expertise and vision can achieve a successful launch even without the backing of the VC community and intend to prove just that point.”

About Scenios

Scenios is a ‘stealth’ startup based in New York City focusing on the convergence of Cloud-based Digital Asset Management, professional community building and open technology standards. The company is expected to launch in late 3rd quarter of 2009 — interested multimedia professionals can register in advance for details athttp://www.scenios.com.