(Norwell, MA) May 21, 2002... CAP Ventures, Inc., the leading strategic consulting and research firm serving the digital business and visual communications industry, today announced the acquisition of InfoTrends Research Group, Inc. InfoTrends is a highly respected consulting firm that tracks the digital photography, Internet imaging, image processing, and scanning markets. InfoTrends, founded in 1996 by Kristy Holch, helps vendors improve the effectiveness of their strategic and product planning by providing worldwide forecasts, end user research, product strategy analysis, and consulting services. Holch and the InfoTrends team, with a combined 35 years of experience tracking digital imaging, complement an already strong group of respected industry analysts at CAP Ventures, Inc. "InfoTrends solidifies our position in the business communications and imaging markets, and enables CAP Ventures to provide the highest level of research, analysis and advice for our clients," commented Charles A. Pesko, Jr., Managing Director of CAP Ventures, Inc. "I look forward to working with Kristy and the rest of the team to expand our services." InfoTrends will retain the InfoTrends brand as a subsidiary of CAP Ventures, Inc. Kristy Holch will remain Group Director and continue to lead all InfoTrends activities. "We’re excited about this new venture, which merges two highly complementary, forward-thinking, strategic consulting firms," said Kristy Holch, Group Director for InfoTrends. "InfoTrends has been recognized for its quality and customer care. This combination will allow us to more quickly provide leadership coverage of emerging market areas. Together with CAP Ventures, we can realize our goal of becoming a single source for imaging analysis that clients can trust."