Meritus Ventures Announces Promotion of Christopher Miller to Associate

Tuesday February 14, 2012

FEBRUARY 14 -- OAK RIDGE, TN - Meritus Ventures, a venture capital fund and Rural Business Investment Company, announced the promotion of Chris Miller to Associate.

"Chris is an exceptional member of our staff, making measureable contributions to the operation of our fund," said Meritus Ventures Fund Manager Grady Vanderhoofven.  "In addition to his previous responsibilities as an analyst, we increasingly rely on Chris to participate in identifying and sourcing investment opportunities. He has become progressively more engaged in our due diligence process and will be more directly involved with our portfolio companies in the future."  

"We put an emphasis on mentoring and developing our investment professionals into assets for Meritus, our limited partners, our portfolio companies, and the region in which we invest.  Sustainability of our enterprise requires depth of resources and the expansion of capacity, and this action is another step in that direction for Meritus," Vanderhoofven concluded.

Miller has more than ten years of operating and investment experience with small and venture companies.  Prior to joining Meritus Ventures in 2007 as an analyst, Miller received an MBA from the University of Tennessee and worked in operations and business development roles for a start-up.  Miller is an active part of the regional entrepreneurial business community, and he is a point of access and information for regional venture development groups and for companies seeking to approach Meritus for investment.

About Meritus Ventures

Meritus Ventures, L.P. is currently the only Rural Business Investment Company (RBIC) in the United States.  The $36.5M venture capital fund invests to realize attractive returns for the fund's investors while creating wealth and jobs in rural areas of central and southern Appalachia and Arkansas.  In addition to providing equity investment, the fund may provide operational assistance to its portfolio companies. For information about Meritus Ventures, please visit www.meritusventures.com.

Media contact:

Melissa Muendel

pr@meritusventures.com

(865) 220-1715

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