i2 Announces $15 Million Equity Investment by Q Investments; Investment Part of Plan to Reduce i2's Net Debt Position
Business Wire
June 29, 2005

DALLAS - i2 Technologies, Inc. (OTC: ITWH), a leading provider of demand-driven solutions designed to deliver supply chain agility, today announced that Q Investments, a private investment firm and one of i2's significant investors, has made a $15 million equity investment in i2.

As a result of the investment, Q Investments acquired an additional 1,923,077 shares of the company's common stock priced at $7.80 per share, the closing price on June 23 when the investment was approved by the i2 Board of Directors. This investment increased Q Investments' equity holdings in i2 to approximately 7.6 million shares, representing just over 30 percent ownership of the company on an as converted basis.

Even though i2 had approximately $277 million in cash and equivalents as of March 31, 2005, it had approximately $317 million in debt due at the end of 2006, for a cash-to-debt gap of approximately $40 million. The $15 million investment from Q Investments, combined with the $10 million resulting from the June 27 transaction with Dassault Systemes, provides $25 million of additional cash for i2.  i2 also announced that Pranav Parikh will no longer serve as a member of the i2 Board of Directors to allow him to focus on new opportunities at Q Investments. Randy Eisenman has been nominated by Q Investments to the Board of Directors to replace Parikh. 

Eisenman serves as president and chief executive officer of Handango, Inc. which he founded in 1999 along with a team from Q Investments. Handango, which recently was named to the Inc. 500, is one of the world's largest providers of mobile downloads. Eisenman also serves as a partner at Q Investments.

About i2

i2 is a leading provider of demand-driven supply chain solutions designed to enable business agility. i2's flexible solutions can synchronize demand and supply across an ever-changing global supply network. Nineteen of the AMR Research Top 25 Global Supply Chains belong to companies who are i2 customers. Seven of the Fortune global top 10 are also customers of i2. Founded in 1988 with a commitment to customer success and supply chain innovation, i2 has a history of delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com

About Q Investments

Q Investments is a private investment firm based in Fort Worth, Texas. The firm currently manages through its family of funds $2 billion in capital for large institutions and wealthy families. The firm was founded in 1994 and has invested successfully across the whole capital structure including bank debt, bonds and equity with an emphasis on value investing.