Hermosa Beach, Miami – April 15, 2008 – Fast Ventures announced today that it was selected to provide strategic advisory services to NewFiction.com during its first round equity offering and acquired a minority equity stake in the Hermosa Beach, CA based start-up.

“Our stake in NewFiction.com” provides us with an exciting opportunity to work with this innovative digital book publisher”, says Tom Green, Managing Partner of Fast Ventures’ Miami Office. “Their iSoaps™ are a natural extension of the traditional audio book format with the important distinction that they employ a full cast of voice talent to record a script, rather than having a single narrator read the entire story. We at Fast Ventures believe that this new format adds much-needed depth to audio books and helps the publishing sector step into the digital lifestyle,” he added.

“Our involvement in NewFiction.com builds on our endeavors to promote innovative digital lifestyle solutions similar to those we have recently seen in the music and movie industry. We believe that so far, the publishing sector has remained surprisingly low-tech and that there is an excellent opportunity for new digital services and solutions”, said Mark Alexander, Director of Fast Ventures’ Technology Group.

NewFiction.com produces a diverse variety of iSoaps™ and delivers them to its audiences via the company’s website, which is available at http://www.NewFiction.com, web-enabled cell phones, PDAs, or email. “I am thrilled over having the opportunity to work with this rich pool of unsigned, but tremendously talented authors and produce a new format that will enthuse audiences ranging from avid readers to iPod® enthusiasts,” says Thomas Lopilato, founder and managing partner of NewFiction.com.

About NewFiction, LLC:
NewFiction, LLC is an innovative publisher of iSoaps™, a new format that resembles traditional radio plays. Unlike audio books, the company employs a full cast of voice talent to record a script, rather than a single narrator to read the entire book. The company’s iSoaps™ are available as streamed content or downloads, which can be scheduled to be delivered to the user’s inbox, web-enabled cell phones, PDAs, and iPods®. NewFiction.com is currently undergoing first round equity financing and plans to release the public beta version of its website early in April of 2008. For more information, please visit http://www.NewFiction.com.

About Fast Ventures:
Fast Ventures is advising talented entrepreneurs and emerging growth companies on strategic business planning, corporate finance, and marketing & sales related issues. The firm has offices in London, Miami, and Budapest and maintains it’s own venture capital fund. For more information, please visit http://www.FastVentures.com.