WorldCatch.com Raises $8.2 Million in Financing SEATTLE, May 25 /PRNewswire-AsiaNet/ -- WorldCatch.com, the premier online marketplace for the global seafood industry, today announced the close of an $8.2 million Preferred Series financing round, led by Mohr, Davidow Ventures. WorldCatch.com is the business-to-business e-marketplace for the global seafood industry that offers members a single source destination for transactional and business services, industry information and business resources that enable companies to operate more efficiently. Since launching in March, the Seattle-based company has opened offices in Toronto, Santiago and Paris, and has members in 41 countries. The capital raised will allow WorldCatch.com to continue to expand global operations and accelerate site enhancements to better serve its members. With the global seafood market estimated to be $300 billion wholesale, and $610 billion retail (H.M. Johnson & Associates'), and e-commerce forecasted to represent seven percent of global sales transactions by 2004 (Gartner Group), WorldCatch.com is positioned for significant growth. "This round of financing helps to solidify our position as the leader in the market and demonstrates the effectiveness of our business model," said WorldCatch.com president and founder David Lancaster. "Mohr, Davidow is a leading venture firm with a strong track record of building successful companies. Our partnership with them will enable us to quickly scale our business and offer unparalleled value to the industry." "WorldCatch.com clearly understands the global seafood market, is lead by experienced professionals, and delivers an exceptional service to the seafood industry," stated Bill Ericson, partner at Mohr, Davidow Ventures and recent addition to WorldCatch's Board of Directors. "While there is competition in the market, we believe that WorldCatch has the vision and strategy necessary to be the leader in their space." About WorldCatch.com Based in Seattle, Washington, WorldCatch.com is managed by seafood professionals who collectively have more than 70 years of industry experience in markets around the world. WorldCatch.com's main feature is its proprietary, online marketplace that allows buyers and sellers of seafood to quickly and cost-effectively complete business transactions. The site also offers news, market pricing and trends, personalized features, and global connections to related industry services. For more information, visit www.worldcatch.com. SOURCE : WorldCatch.com CONTACT: Aaron Travis, Director of Marketing of WorldCatch.com, 206-284-7400, or [email protected] Web site: http://www.worldcatch.com