BOSTON MA, CAMBRIDGE UK: March 22, 2006 - BSG Team Ventures, the retained executive search firm with offices in Boston and Cambridge UK, today announced the expansion of the firm's operations to New York, with the opening of its newest office at 230 Park Avenue.

BSG Team Ventures has tapped Jim Cornehlsen, a 20-year business veteran whose experience includes senior executive roles in the private equity, publishing, technology and Internet applications sectors to serve as director of BSG Team Ventures Media and Information Services division. Cornehlsen has worked in this specialty area with a number of international search consultancies, including Heidrick and Struggles, where he served as a Director and helped to form the media/information services practice. He was also member of the technology practice. As head of New York operations, he will be responsible for growing BSG Team Ventures' base of regional search consultants and spearheading new business development initiatives to bolster the firm's New York-area client base.

In his distinguished career, Cornehlsen has held Board seats with the Software Information Industry Association (SIIA), the Magazine Publisher's Association, and the International Association of Corporate and Professional Recruiters (IACPR). A regular on the corporate speaking circuit, he has delivered numerous presentations focused on the changing nature of today's CEO role as well as best practices for managing growth.

"I'm joining BSG Team Ventures at a very exciting time in the company's development," said Cornehslen. "Since its inception, BSG Team Ventures has undertaken hundreds of national assignments-including many New York-centric searches-for clients that expect the high-touch service of a boutique retained firm coupled with the need for an increasingly shortened search cycle. The formal opening of our New York office is the next logical stage in our development and for clients marks a unique opportunity to leverage our bourgeoning rolodex of top regional talent."

BSG Team Ventures' New York office is currently engaged to fill c-level executive posts at Active Trade, a provider of corporate trade services for Fortune 500 companies across the world and Digital Globe, whose worldwide commercial Earth imagery products meet the strict mapping and planning needs for both government and enterprise customers. BSG Team Ventures recently filled the CEO post of New York streaming video technology client Vivadas, and the COO position for Mosaica Education, one of the nation's leading private operators of K-12 charter schools.

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About BSG Team Ventures
BSG Team Ventures is an executive search partnership with offices in Boston, New York City and Cambridge, UK. We specialize in retained search for emerging companies in the US and Western Europe, and do so with a keen appreciation for the unique requirements of entrepreneurial and rapidly growing ventures. BSG Team Ventures also offers valuable expertise to both European and American clients as they expand abroad, through a partnership with UK-based Team Ventures Limited.

Since 1997 BSG Team Ventures principals have been engaged to fill more than 250 senior-management and Board positions at the VP level and above, for a slate of clients that includes venture capitalists and private investors, their portfolio companies, and public companies with a strong commitment to "intrapreneurship" and technology. The majority of these engagements have been in industries and with companies at the cutting edge of innovation -- in software, technology infrastructure and services, for-profit and not-for-profit education (and especially eLearning), life sciences and biotechnology, medical devices and digital information and media.