New York City, Miami – March 13, 2007. Fast Ventures client, Gaia Power Technologies, announced today that it had closed a $2.9 million round of Series B financing. The transaction was led once again by GHO Ventures, the investment arm of entrepreneur and space traveler, Greg Olsen. Other participants include the New Jersey Tech Council Venture Fund.

According to Bige Doruk, Founder & CEO of Gaia Power Technologies, Inc., the company plans to use the proceeds of this round to increase its marketing and sales activities for its unique Power Tower line of products. “This funding will allow us to expand our presence in the backup power market and also reach new customers in the utility and renewable energy markets” said Mrs. Doruk in a company press release.

About Gaia Power Technologies, Inc:
Gaia Power Technologies, Inc. is an alternative energy company that is uniquely positioned to address the deficiencies in today’s electrical power supply landscape. The company focuses on providing quality electrical power and storage systems that improve the efficiency of power that is supplied over the electric grid while reducing monetary and environmental costs for its customers. For more information, please visit www.GaiaPowerTechnologies.com.

About Dr. Gregory Olsen PhD (GHO Ventures):
Dr. Gregory Olsen PhD is widely known for his ground-breaking work in the field of developing and manufacturing of optoelectronic devices for dense wavelength division multiplexing fiber optic systems, spectroscopy, photonic, and near infrared imagining devices. In 1984, he founded Epitaxx, Inc., a high-technology company based in Princeton, NJ, which manufactured fiber optic detectors and emitters. Epitaxx, Inc. was acquired by Nippon Sheet Glass in 1990. In 1991, he founded Senors Unlimited, which was acquired by Finisar Corp. in 2000, but became an independent private company in October 2002. More recently, in October 2005, he made headlines as he blasted off to the Internal Space Station as a paying member of a Russian-American space crew.

About NJTC Venture Fund:
NJTC Venture Fund is an 80M early-stage venture capital fund investing in promising companies located in the New Jersey region. Industries of interest include communications, energy, information technology, healthcare & life sciences, and materials. NJTC Venture Fund will invest $250k - $5M per company and support its portfolio with an unparalleled network of local, active partners and advisors. NJTC Venture Fund is actively seeking new investments in seed and early stage companies. For more information, please visit http://www.njtcvc.com.

About Fast Ventures Corp.:
Fast Ventures aspires to be an architect of successful growth by helping its clients shape the direction of their businesses, challenge boundaries, and explore new growth opportunities. Over the last 6 years, Fast Ventures has emerged as a dominant force in strategic business development services for the technology industry and catered to the needs of more than 60 clients in the United States. For more information, please visit http://www.FastVentures.net.