Ventures West Makes Significant Investment In Maestro CMS Corporation

VANCOUVER, B.C. - December 3, 2003 - Ventures West, one of Canada´s largest privately owned venture capital companies, today announced that it had made a first round investment in Maestro CMS Corporation, a leading provider of Content Management delivered as an online service.

Today, companies in all industries share the need for better Web Content Management, and industry analysts estimate that this market will reach $7.5 Billion in 2004. Maestro CMS´ product extends traditional content management capabilities and improves communications amongst individuals and departments that are contributing the content. The resulting web property becomes a valuable organizational asset that is relied upon as a dynamic communication platform.

"Our investment in Maestro CMS gives the company the sales and marketing reach it needs to aggressively take the Maestro product to small to mid-size enterprises," said Robin Louis, President of Ventures West. "Their product is unlike any other CMS product we´ve researched. They provide enterprise level functionality that can be rapidly implemented, managed by non-technical personnel, but without the enterprise price tag or the IT footprint. We are confident that Maestro CMS will establish itself as the market leader."

"This investment will be used to immediately expand our sales and marketing operations in the United States," said Thierry LeVasseur, Founder and CEO of Maestro CMS. "We have the product and now we have the resources to forcefully take it to market-our intent is to establish Maestro CMS as a global leader in the CMS space, with focus on small and mid sized business."

Founded in 2000, Maestro CMS´ award-winning solutions have helped companies of every size take complete control of their online content and communications. Over 100 companies across North America including Allstream, BC Ferries, BMG, Canaccord Capital, Coast Capital Savings, Crystal Decisions, H&R Block, MDS, Nexen & the David Suzuki Foundation have selected Maestro CMS as their Content Management solution.

About Maestro Communication Management Software Corporation
Maestro CMS is a leading provider of Content Management delivered as an Online Service. It has helped organizations of every size increase their sales, marketing and service effectiveness by giving them complete control of their online content and communications. Recently named "Best Web Solution of the Year," by CATA, Maestro CMS provides enterprise-level functionality with easy implementation, low cost and allows complete management of the content by marketing professionals, without IT support. Thousands of users around the world have selected Maestro CMS and access Maestro´s online service on a daily basis. The company´s mission is to continue to deliver award-winning products and services that increase an organization´s ability to effectively communicate via the internet. Maestro CMS can be found at www.maestrocms.com.

About Ventures West
Ventures West Management Inc. is a private venture capital investment group that is recognized as one of Canada´s pre-eminent investors in early stage technology companies. Since its founding in 1968, Ventures West has formed eight venture capital funds which total over $600 million and has invested in more than 125 companies. Ventures West has the people, the expertise, and the capital to help develop emerging technology companies into market leaders. Investments focus on four technology sectors: Biotechnology, Communications, Energy Technology and Information Technology. For more information, visit www.ventureswest.com.

For more information:
Rick Patri
Vice President, Sales and Business Development
Maestro CMS
rick@maestrocms.com
604.682.7333 x203

Christine Ramsay
Ventures West Management Inc.
cramsay@ventureswest.com
416.861.2280