Sale of Web hosting firm Host Department LLC to Nettlinx Limited marks Web hosting industry specialist and banking firm's 100th transaction.

November 1, 2007 (TopHosts News Brief) - Cheval Capital Inc, an Alexandria, Virginia-based Web hosting industry specialist and boutique investment banking firm, announced that it has completed its 100th transaction.

The successful sale of Fremont, California-based Web hosting firm Host Department LLC to Nettlinx Limited, a Bombay Stock Exchange listed company, marks this achievement. Cheval represented Host Department in the transaction. This is its 19th transaction in 2007.

“We’ve been very fortunate since we began in this industry with Verio in the late 1990’s to have worked with a large number of great companies,” Hillary Stiff, Cheval’s managing director, said in a statement issued to the media. “We had the pleasure in this case of working for Host Department and I believe that this will be a terrific transaction for both parties.”

“I’ve had the pleasure of knowing and talking with Hillary over the last few years and am delighted that we are Cheval Capital’s 100th transaction. Her help in selling our company was invaluable,” Jimmy Tanzil, Host Department’s CEO, added in the same statement.

For more information, visit: www.chevalcap.com