@Ventures Invests in CarbonFlow, Inc.

WALTHAM, Mass.--(BUSINESS WIRE)--@Ventures, the venture capital business of ModusLink Global Solutions™, Inc. (NASDAQ: MLNK), today announced an investment in CarbonFlow, Inc., a leading developer of software for carbon market participants. @Ventures’ investment completes CarbonFlow’s first round of venture capital financing, joining current investors Clean Pacific Ventures, OVP Venture Partners, and Meridian Energy Ltd.

“We’re excited about the investor group that has come together to support this effort, including some of the leading venture capital firms and strategic investors in clean technology. As carbon trading markets arise around the world, CarbonFlow’s solutions are poised to play a central role.”

CarbonFlow will use the funds to speed commercialization of its Carbonflow™ Suite of solutions. CarbonFlow, helps carbon offset developers increase financial returns on their greenhouse gas (GHG) reduction projects by decreasing the administrative burden and enhancing the value of resultant carbon credits. The carbon trading market had an estimated value of more than $30 Billion in 2006, with forecasts that the global market could more than triple by 2015. This growth, however, is challenged by inefficient and costly processes and a general lack of clear project-related information. The Carbonflow Suite addresses critical unmet needs in this rapidly growing market, by enabling faster and lower-cost processes, greater transparency, and better data for buyers, sellers and traders of carbon credits.

“We’re pleased to support CarbonFlow in the delivery of vital solutions to the fast-emerging carbon marketplace,” said Rob Day, principal at @Ventures. “CarbonFlow’s capital-efficient approach to the market and compelling customer economics make this an exciting investment opportunity and a strong match with our firm’s investment strategy. CarbonFlow’s strong leadership team has deep carbon market expertise and relationships that have positioned them for long-term success.”

CarbonFlow is partnering with leading carbon market players in the development of its suite of software and service offerings, and has formed an exclusive relationship with Det Norske Veritas (DNV), the largest verifier of carbon credit projects in the world.

"With the completion of this round of financing, our company is primed to deliver solutions that our colleagues in the carbon markets are clamoring for," stated Neal Dikeman, co-founder of CarbonFlow. “We’re excited about the investor group that has come together to support this effort, including some of the leading venture capital firms and strategic investors in clean technology. As carbon trading markets arise around the world, CarbonFlow’s solutions are poised to play a central role.”

About CarbonFlow

CarbonFlow, Inc. develops and markets software for carbon market participants. The company was founded in 2006 to address the process inefficiencies and supply hurdles in the current carbon market. CarbonFlow’s offerings include the Carbonflow™ Suite, which boosts the credibility of the carbon market via enhanced standards, transparency and scale; and Carbon Step™, a comprehensive software solution which automates the verification, delivery and distribution of GHG or CO2e offset credits for renewable energy and energy efficiency based programs. CarbonFlow, Inc. is funded by Clean Pacific Ventures, OVP Venture Partners, @Ventures, and Meridian Energy Ltd. More information is available at www.carbonflow.com.

About @Ventures

@Ventures is a venture capital firm that provides financial and intellectual capital resources to early stage clean technology companies. Formed in 1995, @Ventures has funded more than 75 companies across a broad set of technology sectors. The exclusive focus of @Ventures V, the firm’s fifth fund formed in 2004, is on investments in the cleantech sector, including investments in alternative energy, energy storage and efficiency, advanced materials, and water purification. For more information, visit www.ventures.com.

About ModusLink Global Solutions

ModusLink Global Solutions™, Inc. is a leader in global supply chain business process management. The Company executes critical processes for clients in the consumer electronics, high technology and communications industries to provide competitive differentiation and enable new channel and new market opportunities. An integrated portfolio of supply chain business process outsourcing and technology solutions span four core competencies: supply chain, aftermarket, e-Business and entitlement management. ModusLink Global Solutions has headquarters in Waltham, Massachusetts and more than 30 facilities in 13 countries – giving it the largest global footprint in the industry. For additional information, visit www.moduslink.com.

This release contains forward-looking statements, which address a variety of subjects including, for example, the expected achievements by Carbonflow, Inc. All statements other than statements of historical fact, including without limitation, those with respect to Carbonflow's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: Carbonflow's success, and in turn, @Ventures’ and ModusLink Global Solutions' ("ModusLink") success with respect to this investment depends on Carbonflow's ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; Our ability to earn returns on our investment, or even recover our capital, is dependent upon factors outside of our control, including the success of our portfolio companies’ businesses, and the market for initial public offerings and mergers and acquisitions. For a detailed discussion of cautionary statements that may affect ModusLink's future results of operations and financial results, please refer to ModusLink's filings with the Securities and Exchange Commission, including ModusLinks most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by us.