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IT Capital Ceo To Hold Live Conference On Internet

PRESS RELEASE

FOR IMMEDIATE RELEASE

IT CAPITAL CEO TO HOLD LIVE QUESTION & ANSWER CONFERENCE ON SHARECHAT

http://www.sharechat.co.nz/

In a first for New Zealand, the CEO of IT Capital (NZSE: ITC), Jeff Dittus, will hold a live Question and Answer Conference with investors on ShareChat, New Zealand's number one sharemarket chat and information site.

"This is the first time a CEO of a publicly listed company in New Zealand is holding a live conference with current and potential investors on the Internet," says Benjamin Dutton, Managing Director of ShareChat Limited. "We are very pleased to initiate this practise, which gives people the chance to ask IT Capital's CEO questions directly."

"We believe that this heralds a new era of investor information" Mr Dutton says. "The Internet is the perfect vehicle for this Conference. Current and potential investors in IT Capital, wherever in the world they may be located, will be able to find out more information about IT Capital direct from the CEO himself."

The conference will take place in a live Internet Relay Chat room, which is one part of the ShareChat website, on Wednesday, May 31st at 11:00am NZST.

"With the current global turmoil surrounding technology stocks, Mr Dittus will be able to shed some light on IT Capital and its performance" says Mr Dutton. "Investors and people interested in the New Zealand sharemarket should not miss this opportunity."

About ShareChat

ShareChat is New Zealand's first discussion group and financial portal for sharemarket investors http://www.sharechat.co.nz/ . Launched nine months ago, ShareChat's community has shown strong growth, providing substantial information and vibrant discussion on the New Zealand and overseas sharemarkets.

ShareChat has three areas where investors and traders can chat - an Email forum, online message boards, and a live irc room.

ShareChat also provides sharemarket articles, links to the major financial news stories, NZSE quotes, and other services for sharemarket investors.

About IT Capital

The region's leading venture capital fund, IT Capital focuses on investing in New Zealand and Australia-based e-commerce companies with the intention of transplanting them into larger markets, principally the United States.

Addressing the funding gap that inhibits most innovative Australasian firms, IT Capital provides both early stage funding and management expertise that are not readily available in local markets.

Applying a portfolio approach, the company allows investors to diversify risk and participate in e-commerce opportunities, thereby giving public market investors access to successful businesses at private market prices. IT Capital's international network of venture partners and technology companies accelerates the global transfer of technology.

More information on IT Capital is available on the web at http://www.itcapital.net

For more information please contact:

Benjamin Dutton Managing Director ShareChat Limited bendutton@sharechat.co.nz http://www.sharechat.co.nz/ Phone: 64 (0) 3 374 5682 Fax: 64 (0) 3 365 3867 Mobile: 64 (0) 21 639 573 Post: PO Box 976 Christchurch 8001 New Zealand

ENDS


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