WhamTech Receives $3 M in Seed Funding

HAP Investment Group L.L.C., an Atlanta-based private investment firm, has committed $3 million in funding to Dallas-based WhamTech Inc, a leading developer of database management technologies. WhamTech will use the $3 million in first round funding to accelerate the delivery of its real-time, active data warehouse platform, as well as the marketing of its Very Large Database (VLDB) technology and enterprise search capabilities.

"The real-time VLDB database technology we're developing simply doesn't exist anywhere else," said WhamTech president Mark Armstrong. "Our high-performance technology can solve real-time delivery problems for massive amounts of data - quantities so huge that it's virtually infeasible to find a real-time solution today.

"Our technological development is nearly completed, and we're already planning a nationwide product launch. As a result, the support and capital resources HAP Investment Group is providing will be a significant catalyst in helping us achieve our growth objectives," he added.

Armstrong has more than 20 years of experience in corporate finance, asset management, acquisitions and operations. At WhamTech, he heads a management team whose members provide a combination of extensive business experience with expertise in technology, capital markets and major projects.

According to Nancy K. Thomason, chief financial officer of HAP Investment Group, a family-owned investment company which typically does not make technology investments, WhamTech offers HAP an exciting opportunity to penetrate a new and developing market of database management.

"With today's data warehouse needs growing exponentially, and an economic environment urging economy in both hardware and software expenditures, WhamTech has a particularly innovative - and marketable - product," Thomason said. "WhamTech's software provides search and query capabilities at a speed that sets the industry standard, while at the same time minimizing existing hardware needs.

"Consequently, we are confident that WhamTech has a great product and are excited about being the company's long-term partners in growth."

About WhamTech Inc

WhamTech Inc's Very Large Database (VLDB) technology is a real-time platform, which can handle the combinations of very large amounts of data performing a number of complex queries while a large number of transactions and updates are occurring. In addition, WhamTech has built an enterprise search technology from its relational database, which can provide high relevancy while performing complex queries on large amounts of data in multiple databases and the Internet. Through its proprietary technology, WhamTech will be able to offer these products at prices that are much lower than customers are used to paying. The Dallas-based company is creating alliances with technology consulting firms and technology companies to provide higher combined value applications components. WhamTech is also working to incorporate its technology in other technologies as an OEM. Visit www.whamtech.com.

Contact Michael A. Burns & Associates/Public Relations, Dallas, Roy Miller, 214-521-8596, rmiller@mbapr.com.