Venture Capital Firms iNovia Capital and ID Capital invest $3 Million into Tribal Nova, a Children's Virtual World Company



    MONTREAL, April 16 /CNW Telbec/ - Tribal Nova, a Montreal based developer
and operator of parent-friendly virtual worlds and online educational gaming
services for 3-12 year olds, announced today the closing of a $3 million
growth financing round from iNovia Capital and ID Capital.
    "Tribal Nova is well positioned to succeed in a market that has great
potential for growth," said Chris Arsenault, Managing Partner at iNovia
Capital. "Children are consuming media and entertainment in new ways these
days, with a significant amount of time and attention spent on the internet.
Media companies recognize that fact and are searching for different ways to
engage their existing audiences."
    "By partnering with leading, recognized media companies from around the
world, Tribal Nova demonstrates that it produces top quality immersive online
environments that kids find fun and engaging, and that parents approve as
being safe and secure for their children" said Daniel Cyr, Managing Partner at
ID Capital.

    Top Tier Media Partners

    Tribal Nova has already partnered with the following reputable media
companies to launch educational online gaming services for 3-6 year olds in
the US, French and Canadian markets

    - PBS, whose programming reaches more than 115 million people each month
    on-air and online, for PBS KIDS PLAY! www.pbskidsplay.com
    - CBC for the upcoming KIDS' CBC WONDER WORLD
    - Bayard Jeunesse, a leading publisher in France, whose publications
    reach 36 million readers, for BAYARDKIDS.

    "Tribal Nova is quickly becoming recognized as a leader in this field,"
said Tribal Nova co-CEOs Guillaume Aniorte and Pierre Le Lann. "The funds and
hands-on assistance from iNovia Capital and ID Capital will help our
aggressive expansion from the markets of North America and France into new
international markets, in addition to supporting the growth of our new,
virtual world KidStudio that is targeted at 7-12 years old children."
    Kidstudio www.kidstudio.com is a unique virtual world that lets kids make
friends, collect and trade thousands of games and videos featuring their
favorite TV characters.




For further information:

For further information: Contact: Eric Brassard, (514) 598 0444 x225,
ebrassard@tribalnova.com; www.tribalnova.com; www.idcapital.ca;
www.inoviacapital.com; or follow iNovia on Twitter http://twitter.com/inovia

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TRIBAL NOVA

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