Neubloc Offers New Software Product Development Investment Program to Help Investors Significantly Reduce Cash Burn

SAN DIEGO, CA--(Marketwire - November 10, 2008) - Neubloc, a US-based global software product development services and consultancy provider, has launched a new investment program for investor portfolio companies to lower cash burn by 50 to 70%. Propelled by recent economic pressures that face angel and venture capital backed companies, Neubloc now offers critical onshore and offshore software development services for cash and equity payments with dual benefits of significantly reducing costs and lowering requirements for immediate cash expenditures.

The Neubloc investment program enables companies to hunker down and weather the current economic environment where cash is king. Many software companies' single largest cash expenditure is human resource costs associated with R&D. Neubloc reduces the rate of spending and need to utilize cash reserves between time periods of capital investments by providing critical software development resources for equity. The cash-to-equity ratio varies per client.

"Neubloc has decided to take a decidedly contrarian view to the current mood of economic doom and gloom and help companies manage through challenges," says Armando Viteri, CEO and president of Neubloc. "We believe now is the greatest opportunity to invest in early and growth stage companies and our program provides an extension of resource and investment capital to allow companies to thrive and prosper."

Angel investment groups and ventures capital firms can partner directly with Neubloc to take advantage of the equity financing options or recommend individual software companies in their portfolio to participate in the program. US-based Neubloc manages a full range of product develop services that is geography independent. Neubloc is focused solely on software development and specializes in understanding the complexities of software development for companies in all stages from startup to turnaround. Neubloc has multiple development centers in the US, Central Europe and Latin America.

About Neubloc. - Neubloc LLC, is an international software product design and development firm that helps clients produce market-driven products, from strategy to execution and maintenance using onshore and offshore resources. Offerings include Product Design and Development, Rightsource Roadmaps, and startup Virtual Design and Engineering Departments (VDEDs). Neubloc is geography independent, specializing in a Rightsource model by coupling the best of US-based consulting, design, architecture, engineering and project management. Neubloc has two US, three Polish and two Latin American development centers providing critical mass in scalability, technologies and headcount using a "follow the sun" business model leveraging a 24-hour work day. To learn more, please visit www.neubloc.com.

Contact Information: Media Contact: Jamie Glass 602-369-5537