BMG Seltec Attracts Venture Capital Investment

Livermore, CA., August 29, 2006 --- BMG Seltec announced the completion of a $6 million equity financing from new investor DFJ Element, a Menlo Park CA and Philadelphia PA based, venture capital fund investing in clean technology.

"The investment will fundamentally strengthen our balance sheet and provide the growth capital necessary to significantly accelerate major advances to our product offering, broaden our market reach, and expand our service organization" said Scott Johnson, President of BMG Seltec.

"We see in BMG Seltec the essential elements of a potentially very successful company - a very large addressable underserved market, a well focused business strategy, existing products and services of proven market acceptance, fragmented competition, marquee reference accounts, strong revenue and earnings traction, and good management" said John Rockwell, Managing Partner of DFJ Element.

"The additional financial resources clearly position us to more forcefully address a wide range of underserved market needs, while ensuring our customers of BMG Seltec's continued financial strength and staying power. This is a pivotal milestone for the Company, one which will have significant positive implications for our customers" stated Johnson.

ABOUT BMG SELTEC:
Based in Livermore, CA, BMG Seltec provides operations support software, GPS vehicle tracking, plant control systems, point-of-sale systems, and related professional and plant services to producers of asphalt, aggregates, and concrete. BMG Seltec solutions are at work at over 1500 production sites, streamlining the "quote to cash" process, reducing labor costs, improving logistic efficiencies, improving customer service, and reducing billing errors. For more information, contact BMG Seltec at sales@bmgseltec.com or visit website www.bmgsetlec.com.

About DFJ Element
DFJ Element invests in emerging companies bringing innovative solutions to environmental and resource constraints in energy, water and other large industrial and commercial markets. Launched in 2005 by Element Venture Partners in partnership with leading global venture capital firm Draper Fisher Jurvetson, DFJ Element is managed by the industry's most experienced group of dedicated clean technology investors. The Element principals have invested more than $225 million in over 40 companies in the clean technology sectors. For more information, send queries to info@dfjelement.com.