ValueAct Capital renews for '08

American women's squad ValueAct Capital has announced the re-signing of its title sponsor for the 2008 season. The value-investing company's re-signing is a boost for the first-year squad, which has posted some credible results throughout 2007, including a podium finish at the Carrera de San Rafael criterium, in addition to podium stage finishes at both the Nature Valley Grand Prix and the Mt Hood Cycling classic.

"We're so pleased with the way the team has raced this year," said ValueAct Capital's George Hamel at the announcement. "We are excited to continue our support, and look forward to a long, successful association."

The team, which includes 2005 World Time Trial Champion Katie Mactier, will contest a the full National Racing Calendar in 2008 following the sponsor's re-signing. "It's been an exciting first season," commented team director Lisa Hunt, "and we're ready to step up the program for 2008."

Hunt will continue to head the squad in 2008.