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Entrex announces details of a Technology Fund
Chicago, IL (09-10-2005) Entrex (www.entrex.net) announces details of the Technology Fund managed by Southern Technology Partners. This single investment fund, to consist of 40-50 technology companies, will allow private, technology companies access to capital from the trillion dollar Alternative Investment Market. This growth capital, between 1-10 million dollars for each company, will allow companies to fund their next technological innovation or generation of product. Also companies seeking new market niches with its existing technology will also benefit from this growth capital.
Qualifying companies will have at least three years of operational history; limited history of investments by venture capitalists and fall in the technology SIC codes of 25-38, 48 and 73 (http://www.sec.gov/info/edgar/siccodes.htm)." Such industries include Telecom, IT computer systems, Aerospace and military equipment, Biotech, pharmaceuticals and Environmental technologies to name a few. "Our focus is on technological innovation in both production processes and new products because technological commercialization is America's greatest competitive advantage in a global market that continually erodes profits on standardized products." says Tom Vass fund manager of Southern Technology Partners.
"Entrex was designed with facilitating connection between the investment community and private company owners seeking capital. I am not surprised that a mutual fund manager is focusing on one particular industry. One of the benefits of the Entrex process is that it allows fund managers to bundle diversified companies, companies in a particular region or specific industry." states CEO/founder of Entrex Stephen H. Watkins.
Southern Technology Partners will utilize Entrex as part of the fund process. Entrex, the information marketplace for private companies, will facilitate the research and valuation process for technology companies considering inclusion in this particular fund-as requested by Southern Technology Partners.
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Entrex works with private companies and accredited/institutional investors creating a venue where investors can find, research, track and invest in private companies. Private companies that adhere to the methodologies and disciplines of Entrex gain credibility and exposure to the investor community while gaining liquidity options beyond the traditional route of IPOs, mergers and/or acquisitions. Through its innovative approach and process, Entrex is creating a whole new path to capital for privately-owned businesses.
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