St. John's Capital Group Entrepreneur Finance Scholarship

Annual St. John's Capital Group Entrepreneur Finance
Scholarship Awarded

San Jose, CA. February 27, 2006 — St. John’s Capital
Group, (www.stjohncapital.com), the premier financier
for companies purchasing undervalued assets,
announced today that its annual St. John's Capital
Group Entrepreneur Finance Scholarship was awarded
to Mr. Lee Groeschl. Lee is an MBA student with an
emphasis on Entrepreneur Finance at UND (University
of North Dakota). The annual scholarship was awarded
by UND’s Center for Innovation.

The St. John’s Capital Entrepreneur Finance
Scholarship is provided by a non-profit endowment
fund (http://www.stjohncapital.com/non-profit) created
by St. John’s Capital Group to support multiple annual
scholarships, charitable activities, and missions. The
scholarship is to encourage and spread our passion in
entrepreneur financing. Other scholarships include
supporting social entrepreneur and promoting mutual
understanding across cultures through international
cooperation.

Mr. Bruce Gjovig, the CEO for UND’s Center for
Innovation who awarded this scholarship, said, “Mr.
Lee Groeshl met St. John’s Capital Finance
Scholarship criteria very well. He started a company
while in college to learn ‘the venture creation process’
and has been active in angel and seed capital activities
as a student. Last fall, he organized and serves as
President of the Dakota Venture Group, a student-
managed venture fund, which allows UND students to
learn the basics of angel and equity investing through
its practice and application.”

“The Dakota Venture Group just made its first
investment in a student e-commerce venture, and is
conducting due diligence on two other ventures. Lee is
also an entrepreneur finance intern at the Center for
Innovation and helped me organize two angel funds in
Grand Forks and Fargo last summer and fall. He has
actively participated in these angel fund meetings,
offering support and assistance in the process. He has
also met with several entrepreneurs getting them ready
to make their pitch before the angel funds.”

With the leadership from Bruce Gjovig and the support
from individuals and foundations, the Center and Mr.
Gjovig have received six (6) national awards for
excellence in entrepreneurship and innovation. In
2006, UND was named the 8th best school for
entrepreneurs out of 700 nationwide by Princeton
Review and Entrepreneur magazine. In 2004, UND
was ranked #14 of America's Most Entrepreneurial
Colleges.

“St. John’s Capital Group is honored to support and
contribute to the entrepreneurship initiatives with the
Center for Innovation through its Annual Entrepreneur
Finance Scholarship,” said Edwin Yeh, CEO of St. John’
s Capital Group. “We seek to continue to expand our
non-profit fund management in the future so we can
provide resources and support to deserving
entrepreneurs such as Lee and worthy causes such as
the Center for Innovation." ###

Link to Our Non-Profit Services Area

About St. John’s Capital Group Inc.’s
Non-Profit Services

(http://www.stjohncapital.com/non-profit)

St. John’s Capital Group, the premier
finance and asset management company,
provides small and medium size Non-Profit
organizations with world-class financial
and asset management services that
enable our Non-Profit clients and their
contributors to fully realize their visions and
create lasting impacts above and beyond
what they are used to. For more
information, please e-mail:
non-profit@stjohncapital.com

About UND’s Center for Innovation

http://www.innovators.net/

The Center for Innovation at the University
of North Dakota was among the first
entrepreneur outreach centers in the nation
when formed in 1984. The Center provides
assistance to innovators, entrepreneurs,
and researchers to launch new ventures,
commercialize new technologies, and
secure access to capital from private and
public sources. The Center manages two
tech incubators in the UND Tech Park,
provides SBIR outreach to the state's tech
community, and has formed three angel
networks in Grand Forks, Fargo and
Bismarck. The Center has fostered over
400 startups, which employs more than
4000 people and have attracted over $110
M in investment. The Center was named a
Center for Excellence in Economic
Development in 2003 while securing funds
for the $4.2 M Ina Mae Rude Entrepreneur
Center.

Media Contact:

Josh Chen
St. John’s Capital Group
info@stjohncapital.com
408-715-7249 x712