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In August 2000, MCP completed an equity investment in SmartMail,
LLC, a company competing in the $6 billion residential package
delivery industry (projected to grow to $15.4 billion in 2003)
by offering timely, efficient and high-quality distribution
of flat size mail and lightweight parcels. The Company’s
proprietary nationwide delivery network allows SmartMail to
enter mail into the U.S. Postal Service close to its final
destination enabling SmartMail to offer 1-4 day delivery,
at rates 5% to 15% less than 1st class mail. Target markets
include financial services, E-commerce, and manufacturing
and examples of existing customers are Fidelity, E*Trade,
BN.com, and Mobil.
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Date of Investment: August 2000