Russell Sewell—Managing Partner
    rsewell@aspengroveventures.com

Mr. Sewell is Founding Manager and Managing Partner of Aspen Grove Ventures. Mr. Sewell established Aspen Grove Capital Partners I, LP in 2000 to invest in opportunities in the technology sector that existed in the Mountain West region. Aspen Grove Capital Partners I, LP had its first close in 2000 and raised over $9 million in commitments. As the Managing Partner of Aspen Grove, Mr. Sewell made seven investments in technology companies in Phoenix, Salt Lake City and Seattle. Two companies have been sold, and four others remain as outstanding investments.

Mr. Sewell actively participates as a director in companies where Aspen Grove has invested. He currently serves as a director at Infopia, Inc of Sandy, Utah, and Beganto, Inc of San Jose, California. Mr. Sewell was the Chairman of the Board of Alatron Software Corporation of Seattle, Washington until its acquisition by Beganto. Over the past four years, Mr. Sewell participated in 10 financings in seven companies and oversaw three reorganizations. He was active in the Series B and bridge financing of Cerberian before it was acquired by Blue Coat Systems in November 2004 and led restructuring efforts at Infopia. Mr. Sewell is also the President of UCRA, Inc. a Utah non-profit entity that anticipates managing a mix of financial assets in collaboration with the David Eccles Business School at the University of Utah.

Prior to founding Aspen Grove Ventures, Mr. Sewell served as a Managing Director at Red Rock Capital Group, LLC, a venture-capital firm in Provo, Utah. Red Rock focused on investing in early-stage technology companies located in the Rocky Mountains. While at Red Rock, Mr. Sewell sourced, managed and executed private equity investments, including the firm's participation as a co-lead investor in the $11.3 million third round investment for PowerQuest, Inc. PowerQuest was sold to Symantec for $154 million in December 2003.

After graduating from Brigham Young University, Mr. Sewell held senior positions at Strategic Capital Management, Inc., where he was responsible for trading and allocating a $150 million portfolio. Mr. Sewell has a BA in Political Science from Brigham Young and an MBA from the Marriott School of Business Management at Brigham Young.