Lewis A. Massey and Dr. Benn R. Konsynski Join Brainworks Ventures' Board of Advisors

Business Wire,  June 27, 2001  

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Business Editors

ATLANTA--(BUSINESS WIRE)--June 27, 2001

BrainWorks Ventures, Inc. (OTC BB: BRAV) has named SciTrek CEO Lewis A. Massey and Dr. Benn R. Konsynski of Emory University to BrainWorks Ventures' board of advisors.

Founded by economist Dr. Donald Ratajczak, BrainWorks Ventures is a venture development and asset management company focused on building a portfolio of high-growth business opportunities developed from corporations and universities.

Massey is the former Georgia secretary of state and now serves as president and CEO of SciTrek, an Atlanta-based math, science and technology museum. He previously served as president and CEO of Directo, Inc., a financial services management and marketing firm that specializes in matching banks and employers for payroll service operations.

Dr. Konsynski is the George S. Craft Professor of Business Administration at Emory University where he has taught in the Goizueta Business School since 1993. Dr. Konsynski specializes in issues of digital commerce and information technology in relationships across organizations. He previously served on the faculty at Harvard Business School and the University of Arizona.

"As advisors to BrainWorks, Benn Konsynski and Lewis Massey provide BrainWorks with their business expertise and connections in the business community," BrainWorks Ventures President John Cayce said.

BrainWorks Ventures uses its network of more than 30 advisors to assist the company in managing its portfolio and evaluating new business opportunities.

About BrainWorks Ventures

Dr. Donald Ratajczak founded BrainWorks Ventures, Inc. (OTC BB: BRAV) in 2000 after retiring as director of the Economic Forecasting Center at Georgia State University, which he founded in 1973. BrainWorks Ventures is a venture development company that focuses on high-growth business opportunities developed from corporations and universities. John Cayce, founder and former director of the UPS Strategic Enterprise Fund, is president of BrainWorks Ventures and leads the investment strategy.

BrainWorks Ventures has invested in several Atlanta-based companies, including MostChoice.com, Inc. and AgentWare, Inc. MostChoice uses the Internet to provide office management and sales tools to independent insurance agents and financial advisors. AgentWare develops software that provides a development environment and framework for seamlessly building and integrating distributed applications over the Internet.

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