Rio de Janeiro, May 14 2009 - Ideiasnet S.A. (Bovespa: IDNT3, Bloomberg: IDNT3 BZ, Reuters: IDNT3.SA), a technology venture capital company that invests in Brazil and Latin America, announces today its results for the 1Q09.

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Highlights

⇒ Proportional combined gross revenue was R$ 246.5 million, and Proportional combined net revenue totaled R$ 198.5 million in the 1Q09, a 4.5% increase over 1Q08.

⇒ The proportional EBITDA reached R$ 0.7 million in the 1Q09, a decrease of 60.0% compared to 1Q08.

⇒ Ideiasnet presents the new division of its portfolio, separating invested companies by their market segments: E-Commerce; Midia, Communication & Content; and Infra-structure & Telecom. The decision to rearrange the portfolio was prompted by the evolution of the IdeiasVentures companies, thus permitting a more appropriate evaluation of each segment. The matrix presented in this report also shows the company development stages, permitting a better analysis of portfolio.

⇒ The E-commerce segment was the main contributor to 1Q09 results, presenting a 9.1% Net Revenue growth and a significant EBITDA growth of 270.2% in this first quarter, when compared to 1Q08.

⇒ Officer presented an EBITDA margin of 2.3% and EBITDA of R$ 4.0 million in the 1Q09, a growth of 1.0 p.p. and 85.8%, respectively, when compared to the same period of 2008.

⇒ Net Revenues of the Infrastructure & Telecom segment were stable, presenting a slight reduction of 0.8%, while the EBITDA was negatively impacted as predicted by Ideiasnet in the 4Q08 report.

⇒ Net Revenues of the Media, Communication & Content segment grew 80.9% compared to 1Q08 with a negative EBITDA primarily due to the continuous investments at iMusica and NetMovies.

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