Today's Top Stories From PotomacTechWire.com: A Daily Email Newsletter On Start-Ups, Venture Capital And Technology In Northern Virginia, Maryland, And Washington DC

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Potomac Tech Wire is a free daily email briefing on technology and the Internet in Northern Virginia, Washington D.C. and Maryland. Since its launch in December, the daily email briefing has quickly become an important independent news source for thousands of entrepreneurs, venture capitalists, professionals and others interested in the growing technology and Internet sector in the greater DC area. Wednesday's edition of Potomac Tech Wire is below.

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PrimeShot.com Raises $7.15 million TVWorldwide.com Receives Investment From PSINetMicroStrategy Returns To "Small Cap" Status BoldBrain.com Launches Site For College Market HealthExtras Extends Agreement With Christopher Reeve Briefly Noted: Dingman Center, Yardsales.com, New Media Society, Venture One Fair, Gymamerica.com, Proteus, iFrame Video, VCampus

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PrimeShot.com Raises $7.15 million

Arlington, Va. -- PrimeShot.com, an online service that allows users to find professional photographers and view pictures online, today announced that it has completed a $7.15 million round of equity financing. The investment was led by Israel Seed Partners, and joined by Yazam and Lone Pine Capital. Arlington-based PrimeShot.com said it would use the proceeds to launch a new marketing campaign, to build a national sales force, and to develop its web site and technology. The company said its web site will aggregate professional photographers throughout the world. Online users will be able to contract them for a variety of events ranging from weddings to sporting events. www.PrimeShot.com

TVWorldwide.com Receives Investment From PSINet

Reston, Va. -- TVWorldwide.com, a web-based global TV network, announced yesterday that it has received a first round investment in the form of cash and services from PSINet Ventures. Terms of the agreement were not disclosed; the investment was believed to be for several million dollars. Reston-based TVWorldwide.com is developing a network of online video channels, currently scheduled to launch in late June. www.TVWorldwide.com

MicroStrategy Returns To "Small Cap" Status

Vienna, Va. -- MicroStrategy, just months ago one of the largest companies in the DC area, has officially returned to "small cap" status after seeing its stock price drop by nearly 17% today. Most institutional investors consider "small cap" stocks to be companies with a market capitalization of under $2 billion; in MicroStategy had a market value of about $1.9 billion at the end of trading today. Yesterday, the company announced that it had a loss of $32.9 million in the first quarter. After restating its financial statements last month, the company's stock price has plummeted from above $300 to around $25 at the end of trading today. The Washington Post reported that in a conference call yesterday, CEO Michael Saylor said that the company will continue to post losses this year. The Post also quoted Saylor as saying that he has not seen "any material (employee) turnover as a result of this restatement. In fact, if this has had any effect on the employees, I believe it's primarily that it's caused everyone to redouble their efforts and redouble their commitment to the corporation." www.MicroStrategy.com

BoldBrain.com Launches Site For College Market

Washington, DC -- BoldBrain.com today launched a web site that provides information and a rating system for e-commerce web sites that are targeting the college market. The guide allows students to read and post reviews about the performances of BoldBrain.com's list of over 300 online retailers based on features such as price, delivery and customer service. "Saturation of the college marketplace has generated a sense of confusion and uncertainty among students as to which e-commerce retailers best provide quality, dependability and value," said Jeffrey Frumin, co-founder of DC-based BoldBrain.com. In 1996, Frumin, along with co-founder, Neil Siman, launched Event Concepts Inc., a collegiate event-marketing company. www.boldbrain.com

HealthExtras Extends Agreement With Christopher Reeve

Rockville, Md. -- HealthExtras, a web site that provides information about health and disability products for individuals and small businesses, announced today that it has extended a promotional agreement with actor and director Christopher Reeve through 2005. Reeve has worked with Rockville-based HealthExtras since 1997. The HealthExtras web site has a section devoted to Reeve, who became paralyzed in a 1995 horseback riding accident. "I don't lend my name or give my endorsement to a company unless I truly believe in the products they sell or the services they offer. And HealthExtras is just such a company," said Reeve in a statement. Reeve was in a commercial for Nuveen Investments that aired during the Super Bowl. The commercial showed him walking. www.HealthExtras.com