www.ziplocal.com

ZipLocal Inc. (TSXV:ZIP) is a local business directory that connects buyers and sellers through an intuitive and user-defined interface. It collects and maintains a database of more than 1 million Canadian businesses and attracts on average more than 1 million visitors per month. ZipLocal offers a fresh alternative to finding businesses and services in your neighbourhood. It's simple to use, fast, reliable, and most importantly customized for the user.

Our initial investment in ZipLocal was made in August 2006 with subsequent investments in July 2007, August 2008, and October 2008.