THE INVESTORS

Baker Capital is the lead investor joined by founding investor TL Ventures, Hearst Interactive Media, Bessemer Venture Partners, PNC Financial Services Group's VentureBank@PNC and DVCRF Ventures. Joining them for this round are several individual investors. Both TL Ventures and Bessemer Venture Partners were also part of previous financing rounds. Mobility Technologies was advised by the law firm of Brobeck, Phleger & Harrison LLP.

According to Richard P. Ramirez, President and CEO of Mobility Technologies: "This round of financing enables us to accelerate deployment of our exclusive TrafficPulse SM digital sensor network as well as our technology infrastructure, thus providing us with the scalability we need to meet the demands of new interactive traffic information markets."

Mr. Ramirez added: "We attracted a combination of large institutional investors like Baker Capital and PNC Financial Services Group, strategic investors such as The Hearst Corporation, regional players like DVCRF and key individuals such as Bill Grimes, John Backe, Howard Morgan and Len Lodish, all of whom are attracted by the enormous potential of these markets and the validity of the Mobility Technologies business model."

Larry Bettino, Partner of Baker Capital, said: "After closely examining Mobility Technologies's recent accomplishments, prospects and business model, we became convinced that the company's digital sensor-based network is a truly unique, compelling approach to addressing the growing traffic problems faced by businesses and consumers using the nation's overburdened roadway system. We are also very excited about working with an extremely experienced management team and strong investors."

"As a strategic investor with major multi-media holdings, The Hearst Corporation believes that Mobility Technologies can add significant value and differentiation to our television and radio properties as well as their Web sites," said Ken Bronfin, Senior Vice President and Deputy Group Head, Hearst Interactive Media. "Mobility Technologies is an exciting venture that is sure to change how consumers and businesses access and use traffic information."

Baker Capital is the investment manager of Baker Communications Fund I, L.P. ($406 million) and Baker Communications Fund II, L.P. ($1.1 billion), private equity funds focused on communications industry investments. Baker Capital makes investments in equipment, services and applications. Investment opportunities may include new entrants that compete with incumbent providers, equipment manufacturers with emerging technologies, network applications, or network infrastructure and systems suppliers.

ABOUT TL VENTURES

TL Ventures is an established institutional venture capital firm managing greater than $1.25 billion of committed capital. The firm's investment focus includes software, the Internet, information technology services, communications and life sciences. TL Ventures is located in Philadelphia, Austin, Dallas and Los Angeles. For additional information, visit the company's Web site at www.tlventures.com.

ABOUT HEARST INTERACTIVE MEDIA

Hearst Interactive Media, a unit of The Hearst Corporation (www.hearst.com), manages a wide variety of consumer and business-related Internet sites and has made core investments in Internet-related companies including Women.com Networks, GoodHome.com and Referrals.com. Other strategic equity investments include drugstore.com, E Ink Corporation, Exodus Communications, Genealogy.com, govWorks.com, Hire.com, Medscape, Quokka Sports, StarMedia Network and Talk City.

ABOUT BESSEMER VENTURE PARTNERS

Bessemer Venture Partners is a private venture capital firm whose activities date to 1911. A central component of its charter has been to invest in and help build innovative, high-growth companies. Today, Bessemer Venture Partners invests approximately $400 million each year, while other Bessemer entities manage more than $2 billion of investments in public and private non-venture capital assets.

ABOUT THE PNC FINANCIAL SERVICES GROUP, INC.

The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, asset management and global fund services. VentureBank@PNC provides a full range of financial solutions, including loans, equity investments, investment advisory services, equity placements, merger and acquisition advisory services, treasury management and private banking products and services to emerging companies with significant growth potential. It offers these companies the creative, flexible capabilities of a focused industry group coupled with the resources, depth and stability of a large financial services provider.

ABOUT DVCRF

DVCRF, the Delaware Valley Community Reinvestment Fund LLP, is a Philadelphia-based venture capital fund that specializes in SMaller size equity investments. DVCRF Ventures invests throughout the greater Philadelphia region and is particularly interested in those firms that create local employment and economic development benefits for the area.

ABOUT THE INDIVIDUAL INVESTORS

Individual investors in this round include J. William Grimes, former President and CEO of ESPN and current General Partner in BG Media Investors; John D. Backe, former President of CBS and current General Partner of BG Media Investors; Dr. Howard Morgan, founding investor and Vice Chairman of idealab!, a leading developer of Internet companies; and Dr. Len Lodish, the Samuel R. Harrell Professor of Marketing at the Wharton School, University of Pennsylvania and a former board member of Shadow Broadcast Services. Doctors Morgan and Lodish are members of the Mobility Technologies Board of Directors and are previous investors in the company.

ABOUT OTHER INVESTORS

Other investors in Mobility Technologies include Internet Capital Group, an Internet holding company actively engaged in business-to-business e-commerce through a network of partner companies; and Pennsylvania Early Stage Partners, an early-stage investor affiliated with Safeguard Scientifics, Inc.

• Philadelphia Inquirer:web.philly.com/content/inquirer/2000/10/26/business/traffic26.htm
• The Daily Deal:thedailydeal.com/features/venture/A30949-2000Oct26.html Red
• Herring:redherring.com/vc/2000/1030/vc-ltr-dealflow103000.html
• Venture Wire: www.venturewire.net/story.asp?sid=20287