PRESS RELEASE

Liquidice forms a division of The Rynge Group AB and changes name to Rynge Consulting

Göteborg, Sweden, July 9, 2007 - Liquidice, a business development consulting firm, today announced it has officially transformed into a division of the newly started The Rynge Group. The structural change is a step to better reflect the company's service offerings.

Ola Rynge, CEO and founder of The Rynge Group, said, "Liquidice has been the brand for the consulting service for almost 10 years, with Internet marketing as the initial focus, but today the focus has changed to market and business development for companies that wants to grow. Liquidice can easily be confused with liquidize and that is the opposite of what we are doing. The Rynge Group will also include a platform for new projects and ventures in which Rynge Consulting will play an important part."

About Rynge Consulting (Liquidice)

Rynge Consulting, formerly Liquidice, has been active as a consulting firm in market and business development since 1997. The company is placed in Göteborg and services includes pre-launch investigations for potential start-up, management coaching, business planning and strategy formation, preparations for financing rounds as well as seminars and educations in entrepreneurship and business growth.
For more information,
visit http://consulting.rynge.com
or call +46 (0)31 7999 001

About The Rynge Group

The Rynge Group is a private investment and consulting firm engaged primarily in working with early-stage technology companies as in-house development projects but also helping other companies by providing advanced consulting services. TRG provides world-class management assistance, strategic guidance and valuable connections for entrepreneurs. They will also provide young companies access to financing and operational and technological infrastructure.
For more information,
visit http://www.rynge.com
or call +46 (0)31 7999 000

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