Investments

American Messaging Services, LLC. ("AMS")

AMS is now the second largest provider of paging services in the United States. In November, 2005, AMS purchased the paging businesses of SBC Communications, Inc. Colchester Capital, LLC and Incyte Capital negotiated, structured and provided the capital for the transaction.

AMS subsequently acquired the messaging division of Verizon Wireless Services, Inc. on June 2nd, 2006. In 2009, AMS purchased the assets of Skytel, Inc.

Paging Network of Canada, Inc. ("PageNet")

PageNet is one of Canada's leading paging companies. Through its 26 terminals, 320 transmitters, four regional offices and single frequency network, PageNet provides comprehensive data transfer services for one-way and two-way paging, asset tracking and telemetry customer applications.

In December 2002, an investor group consisting of Colchester Capital's founder, Incyte Capital and a Canadian investor group purchased all of the Bank Credit Facilities of PageNet. This purchase was at a significant discount to the face amount of the Bank Debt and gave the investor group a controlling interest in PageNet.

Synchronoss, Inc.

Synchronoss is a leading Software as a Services company which provides a range of software services for communications services providers, including AT&T. Invested in the Company in 2000. Pursuant to an advisory assignment and at the request of the common stockholders, Thomas Hopkins went on the Board of Synchronoss in 2004.
Synchronoss later went public in June, 2006. (Ticker: SNCR) and has grown significantly since its IPO.