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Philadelphia, PA, April 5, 2006 – Jaguar Acquisition Corporation announced today that it has completed its [$24] million initial public offering. EarlyBirdCapital, Inc., a boutique investment bank that has developed an expertise in Specified Purpose Acquisition Companies (SPACs™), a new concept they pioneered and developed that involves publicly-traded, industry-specific acquisition funds, served as lead underwriter.

Jaguar Acquisition Corporation (NASDAQ: JGACU.OB), a publicly-traded acquisition corporation, is focused on making investments in privately held companies involved in the payments aspect of the financial services industry.

The payments industry encompasses the various mechanisms that consumers and businesses use to purchase and/or finance goods or services, pay bills and access and transfer funds. These payment mechanisms include credit cards, debit cards, ATMs, cash, checks, stored value cards, electronic bill payments and other existing and emerging forms of payments. These payment mechanisms are often enabled by a complex web of payment devices, financial accounts, data networks, processing platforms, clearinghouses and banking and other relationships that link banks, card issuers, merchants, billers, non-bank financial institutions, corporations, government agencies, technology companies and specialized payments providers.

While focusing predominantly on the payments industry, Jaguar Acquisition Corporation is not limited to a particular industry.

The management team at Jaguar has significant operating and investing experience in a wide variety of industries, including a specific emphasis on the payments industry. Jonathan Kalman, Chairman and CEO of Jaguar Acquisition Corporation, has served as Chairman and CEO of Katalyst LLC, a cross-border investment banking and advisory firm, he founded, and is Managing Partner of Jaguar Capital Partners, a private equity firm focused on investments in the payments industry. Mr. Kalman’s prior experience Managing Director of Naviant Technology Solutions, a consumer profile and e-marketing company acquired by Equifax Inc., and over ten years at IBM where he worked with clients in the payments industry.

EVP and CFO, James Cassano, is a three-time CEO with broad experience in managing growth businesses as well as turnaround situations. He has in-depth, hands-on skills in finance, corporate development, acquisitions, divestitures, negotiating strategic alliances, business restructuring, adapting business models to new business realities in the US, the UK and Europe. Mr. Cassano founded and served as CEO of New Forum Publishers, Inc., an Internet educational content producer that developed and published standards-based curriculum software for middle schools and high schools. He sold the company to Apex Learning, Inc. of Seattle, now controlled by Warburg-Pincus where he serves as a member of the Board of Directors of the combined companies. Mr. Cassano co-founded and became Chairman and CEO of an electronic entertainment transaction company focusing on providing ticketing and other transaction services to the arts and entertainment. He obtained venture capital to launch the company and it went public in 1999 as Tickets.com.

C. Richard Corl, EVP, has been a leader in the electronic payments industry for over 25 years. Mr. Corl co-established the TeleCheck Services network, today the industry leader in check acceptance and a division of First Data Corporation. He sold this business to a NYSE company in 1983 and thereafter held senior executive positions until 1992. Mr. Corl co-founded Princeton eCom Corporation, a leader in the electronic bill payment industry, acquiring key customers such as Discover Card, Sears, Well Fargo Bank and J.P. Morgan Chase. Princeton eCom was acquired by Online Resources in 2006. In addition, Mr. Corl was President of PayQuik, which operates a global, fully compliant, secure, cost-effective, scalable, white label transaction processing platform for the world's money transfer industry, and formerly was a director of eCount.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus, copies of which may be obtained, when available, from Jaguar Acquisition Corporation, 1200 River Road, Suite 1302, Conshohocken, PA 19428.

This press release may contain certain forward-looking statements including statements with regard to the future performance of the Company. Words such as “believes,” “expects,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties that are detailed in the Company’s Prospectus and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.