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New York, New York, August 20, 2007 -- Greenhill SAVP (“GSAVP”) announced today that it has led an
investment in BestContractors.com, Inc. (“BestContractors”) as part of a larger round of financing.
BestContractors (www.bestcontractors.com), based in Denver, provides homeowners an unbiased directory
of home improvement and repair professionals. The company combines the latest in paid local search technology,
web-based process management solutions and verified consumer ratings to aid homeowners in the selection
of reputable home service professionals. Their technology delivers objective criteria as well as convenient
digital communication tools to both parties which results in a more effective and efficient way of conducting
commerce. Each service professional is rigorously screened as to their Better Business Bureau standing,
current licensing, insurance coverage, years in business and other critical factors in advance of their listing
on the site.
BestContractors.com is currently available and actively marketed in Colorado, Minnesota, metro Atlanta,
Dallas, Miami, San Diego, Tampa and West Palm Beach with future expansion slated for 2007 and 2008.
"BestContractors has built an innovative technology platform with impressive process management and
workflow capabilities that has already resulted in rapid growth in both homeowner requests and service
provider subscriptions. Their platform is highly flexible and scalable which positions the company well to
further penetrate the contractor vertical for lead generation as well as target other industry verticals
over time. We look forward to working with the BestContractors team to help execute on the team’s vision,"
said Brian Hirsch, Managing Director of Greenhill SAVP.
"We’re excited to add Greenhill SAVP as a partner in our business. We look forward to leveraging the
team’s deep operating and investment experience in the tech-enabled services sector. Their passion
for developing world-class companies will play a critical role in our future success," commented
Mark Henninger, CEO of BestContractors.
Greenhill SAVP (www.gsavp.com) is an early stage venture fund
focused on investments in technology enabled services and business information services. Greenhill & Co.,
Inc. (NYSE:GHL), is a leading independent investment bank with offices in New York, London, Frankfurt,
Toronto and Dallas.
Contact:
Martha Stoecker
Marketing Director
BestContractors.com
Phone: 303-629-8354
Email: MarthaS@BestContractors.com
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