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Houston — January 15, 2008 —Servient Inc. announced today that it has closed a $1.5 million dollar preferred stock investment with Waterside Capital Corporation (NASDAQ: WSSC). The proceeds of the investment will be used to ramp up Servient’s sales and marketing efforts in the United States. The investment comes on the heals of Servient posting record sales growth and prepares the way for Servient’s introduction of market changing technology in 2008.

Waterside Capital’s President, Martin Speroni, stated: “Servient delivers a new level of efficiency in the quickly expanding electronic discovery industry. Companies of all sizes are searching for better ways to manage their electronic records and reduce the business disruption and cost of electronic discovery. Servient has developed advanced, unique technology and is positioned well to change the market. Servient’s true strength resides in a professional team that has a proven ability to deliver quality results. We are excited about participating in Servient’s growth."

Servient’s President and CEO, Ian J. Wilson, said, “We are pleased to have Waterside Capital’s continued support as we continue to experience record growth. Waterside Capital provides us with a partner that not only provides a source of funds to meet our scaling needs, but also provides valuable business advice, experience and insight.”

About Servient
Servient provides a leading electronic discovery technology solution to Fortune 1000 corporations, government agencies and leading law firms. Servient’s technology suite, including NetHold, CentricSearch and Discovery Compass, covers the preservation, collection, review, analysis and production of electronic evidence. Servient has offices in Houston, Texas, Richmond, Virginia and Pune, India. For more information about Servient, please visit www.servient.com.

About Waterside Capital Corporation
Founded in 1993, Waterside Capital Corporation (NASDAQ: WSSC) is a publicly traded, licensed Small Business Investment Company. Waterside Capital’s primary business is investing in and lending to privately owned businesses through investments in subordinated debt, preferred stock and common stock. Headquartered in Norfolk, Virginia, Waterside Capital invests in equity and debt securities to finance the growth, expansion and modernization of small private businesses, primarily in the Mid-Atlantic Region.

Media Contact:
Raymond Hoy
713-980-1992 Ext 2118
rhoy@servient.com