American Messaging Services, formerly Verizon Messaging and AirTouch, and SBC and Ameritech Paging, is the second largest paging and messaging company in the U.S.

Its nationwide one-way networks provide coverage in 98 of the top 100 major metropolitan areas and in all 50 states. Its services include a broad range of on-network numeric and alpha-numeric offerings, as well as two-way messaging and telemetry applications through third-party networks.

Investment History: In November 2005, Incyte, together with its investment partner, Colchester Capital, completed the acquisition of SBC Communications’ paging business. In June 2006, American Messaging completed the acquisition of the paging operations of Verizon Wireless. Incyte continues to work with management on acquisition opportunities. Incyte Capital Managing General Partner Marc A. Gineris serves on the board of American Messaging.

>> Visit American Messaging’s web site

Paging Network of Canada Inc. (”PageNet”), founded in 1996 and based in Toronto, is one of Canada’s leading paging companies. Through its 26 terminals, 327 transmitters, four regional offices and fully functional, single frequency FLEX/reFLEX Motorola-based network, PageNet provides comprehensive data transfer services for one-way, two-way paging, asset tracking and telemetry customer applications.

Investment History: In December 2002, Incyte, together with its Canadian investment partner, completed the purchase of all of PageNet’s Bank Credit Facilities.In December 2003, Incyte and its investment partners completed a restructuring of virtually all of the debt of the Company to equity. In late 2005, PageNet purchased the operations of Verizon Messaging, Canada.

In 2009, Incyte continues to assist PageNet with telecom partnering and acquisition opportunities. Incyte Capital Managing General Partner Marc Gineris and Director, Portfolio Officer Carridine Say serve on the PageNet Board of Directors.

>> Visit PageNet’s web site

Liquid Engines, Inc., founded in 2000 and based in Santa Clara, CA, is a leading provider of enterprise-class corporate tax management application software and services to Fortune 1000/Global 1000 companies.

Investment History: In October 2007, Incyte completed the purchase of the Company’s Bank Credit facilities. In January 2008, Incyte completed the purchase of the Company through a stock merger. Incyte Capital Managing General Partner Marc Gineris assumed the title of Chairman, President and Chief Operating Officer, and commenced a financial and operational restructuring.

On August 26, 2008, Liquid Engines was purchased by Thomson Tax & Accounting, a division of Thomson Reuters.

eVIN, founded in 1994 and formerly based in Annapolis, MD, provides Internet and client/server-based vehicle electronic registration, titling and information services. eVIN’s proprietary systems interact with state DMV mainframe computers to provide point of sale registration to automobile dealers.

Investment History: In 1999, Incyte led an investor group that purchased a majority interest in eVIN. Incyte Capital Managing General Partner Marc Gineris served as a Board member.

In June 2000, eVIN was sold to General Systems Solutions (”GSS”). In August 2000, GSS merged with FDI Consulting to form triVIN, Inc., the market leader in electronic vehicle registration and electronic title management in the U.S. For Incyte’s seven-year hold period, Marc Gineris held visitation rights on the triVIN Board.

In June 2007, triVIN was sold to American Capital Strategies Ltd. (Nasdaq: ACAS) for $106 million.

NetForce, Inc., founded in 1992 and based in San Francisco, CA, provides comprehensive software and related support services for the safety and pharmacovigilance needs of major pharmaceutical and leading biotechnology companies.

Investment History: Incyte made a portfolio investment in NetForce in July 2001 and worked closely with the Company for the remainder of 2001. On January 30, 2002, NetForce was purchased by Oracle Corporation.

USA Global Logistics, LLC, founded in March 2005 and based near O’Hare Airport in Bensenville, Illinois, is a non-asset-based, third-party logistics and freight transportation provider.

Investment History: Incyte funded the restart of the Company in 2005 and worked closely with the Company on business development in 2006. In late 2006, Incyte sold its ownership interests to management.

NNP, L.L.C., founded in 1999 and based in Edmonds, WA, is the exclusive U.S. distributor and manufacturer of the premium, environmentally-conscious Nature boy & girl diapers.

Investment History: In July 2003, Incyte provided a credit line and working capital funding to the Company.

Silicon Entertainment, Inc., formerly based in Campbell, CA, is the creator and operator of NASCAR Silicon Motor Speedway, an advanced racing simulator location-based entertainment experience.

Investment History: In November 2000, Incyte provided interim bridge financing to Silicon. In February 2001, Incyte, with a group of investors, structured and funded Debtor-In-Possession funding for the Company as part of a possible acquisition. Ultimately, Incyte assisted in the sale of certain collateral to a third party buyer. Incyte retained an economic interest in the Opry Mills (Tennessee) site, which was transferred in full in late 2006.

Prior to founding Incyte in 2000, Mr. Gineris was a Managing Director with Deutsche Banc Alex. Brown in San Francisco, where he headed the Firm’s West Coast Restructuring and Recapitalization Group from 1995 to 1999. Prior thereto, Mr. Gineris was a Limited Partner and Principal with Alex. Brown & Sons, Incorporated in New York, which he joined in 1990. Mr. Gineris began his financial career in 1981 in New York as an investment banking analyst and worked at several major Wall Street firms in Corporate Finance in New York before joining Alex. Brown.

Mr. Gineris has been a Board member to numerous companies including Aileen, Inc. (NYSE:AEE), New Dimensions In Medicine (OTC:NDM), eVIN, Inc. (private), Madison Telecommunications Holdings Inc. (private), Paging Network of Canada Inc. (private), and American Messaging Services, Inc. (private).

Mr. Gineris graduated from Harvard University with a Masters in Business Administration in 1985 and from Pomona College in Claremont, California with a Bachelor of Arts with honors in 1981.

Prior to joining Incyte, Ms. Say was a financial analyst in the corporate finance department of Deutsche Banc Alex. Brown in San Francisco, where she focused on financial restructuring and M&A transactions in the consumer, healthcare, media and technology industries. Previously, she was with Alex. Brown & Sons, which she joined in 1997.

Ms. Say is currently a board member of Madison Telecommunications Holdings Inc. (private), the parent company of Paging Network of Canada Inc. (private).

Ms. Say received her Bachelor of Arts and Science in Biological Sciences and Psychology from Stanford University in 1997.