ATLANTA, GA--(MARKET WIRE)--Oct 31, 2008 -- Clearleap, a new video technology company, announced today that it has secured $3.3 million in venture debt financing from Silicon Valley Bank, a leading financial institution serving clients in the technology and life sciences industries. Clearleap will use the funds to enhance development of innovative infrastructure and business management products for television service providers and content owners. This follows the recent news that Clearleap closed a $9M Series A equity investment from venture capital leaders Trinity Ventures and Noro-Moseley.

"The Clearleap team has great respect in its industry and is poised to make a significant impact on the future of television," said Dale Kirkland of Silicon Valley Bank's Atlanta office. "We look forward to providing them the additional resources they need to continue to grow and expand their product offerings."

Clearleap expands the capabilities of traditional television by offering service providers and media companies a way to provide unprecedented programming options to consumers. With Clearleap's platform, the virtually limitless diversity of video -- such as any movie or TV show ever made, sports from international competitions to local high school football, special interest programs, and user-generated content -- is made available to viewers on their TV sets in the comfort of their living rooms.

"Silicon Valley Bank recognizes the enormous potential that our technology offers and despite the current economic downturn, has chosen to invest in our future and ultimately the next generation of television," said Braxton Jarratt, Clearleap's co-founder and CEO. "This latest financial infusion will help Clearleap achieve its vision and ensure ample capital reserves to get through today's turbulent economic environment."

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital/private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (NasdaqGS:SIVB - News), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.

About Clearleap

Established in 2007, Atlanta-based Clearleap unlocks the new potential of TV. The Company enables breakthrough business opportunities through a simple, scalable, networked platform to provide a TV experience with unprecedented choice, immediacy and relevance. Clearleap helps content owners and service providers make video, regardless of its source, available to consumers via a turnkey service or as a licensed solution. For more information, visit www.clearleap.com.

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

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     Heather Lazenby
     Revell-Pechar Inc.
     678-910-7178
     heather@revellpechar.com