EVLN(BoA/USTD/DB/ML invest in an EV company)

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EVLN(BoA/USTD/DB/ML invest in an EV company)
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 --- {EVangel}
Bank of America, U.S. Treasury Department, Deutsche Bank, And
Metropolitan Life Invest in Sustainable Jobs Fund 02/24/2000 PR
Newswire (Copyright (c) 2000, PR Newswire)

DURHAM, N.C. and PHILADELPHIA, Feb. 24 /PRNewswire/ -- The Sustainable
Jobs Fund (SJF) has conducted its second closing today, bringing the
total capital committed to $14.5 million and making it the fourth
largest community development venture capital fund in the United
States.

"Our lead investment in Sustainable Jobs Fund LP reflects Bank of
America's ongoing commitment to creating and furthering economic
development in low-and moderate-income communities," said Edward
Powers, Bank of America Senior Vice President and manager of
investments in community development venture capital funds.

"This investment will help to create jobs for low- income individuals, and
we see that as a cornerstone for building healthy communities." New
investors for this closing include Bank of America, the Community
Development Financial Institutions (CDFI) Fund of the U.S. Treasury
Department, Deutsche Bank, and Metropolitan Life Insurance
Company.Existing limited partners include MBNA America Bank
(Delaware), Citibank, a member of Citigroup, the John D. and Catherine
T. MacArthur Foundation, and the Dakota Foundation.

"We are honored to have these distinguished Limited Partners investing
in SJF," said David Kirkpatrick, SJF Southeast Managing Director."They
will help us continue to grow sustainable enterprises that provide
productive livelihoods for low-income individuals and communities."

SJF is a community development fund that invests in growing recycling,
manufacturing, environmental and other businesses in the eastern
United States that create quality jobs for former low-income
individuals in their neighborhoods.To date, the Fund has invested in
an electric vehicle company, an engineered steel container producer, a
manufacturer of planters and other products from recycled plastics,
and a wood remanufacturer.

"Over the past eight months we have been excited to see a healthy flow
of good investment opportunities that meet SJF's community development
and financial criteria," said Sandra Walker, SJF Northeast Managing
Director.  "Having this strong second closing will make our impact
even greater."

For more information, see SJF's website at ww.sjfund.com .
/CONTACT:Anne Claire Broughton of Sustainable Jobs Fund, 919-530-1177,
 or e-mail, acbroughton@sjfund.com / 15:20 EST
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