forums

Forums
Each WNYVA forum features presentations by two companies that are seeking private equity investment.

Presenters are pre-screened and are some of the up-and-coming businesses in our region. Our forums also present the opportunity to network with angel investors, venture capital firms and other business professionals. Non-members are welcome.

Next Forum: Wednesday, February 24, 2010

The Buffalo Club, 388 Delaware Avenue, Buffalo, NY (Business Attire Required)

Cost (includes continental breakfast):
Members and 1st time guests of members – Free
Non-members - $20.00

RSVP: Jack McGowan or Andrea Mayer at 636-3626 or info@wnyventure.com

Program:
7:30 - 8:00 AM Registration, Continental Breakfast, Informal Networking
8:00 - 8:10 AM Attendee Self-Introductions & One-Minute Presenters
8:10 - 9:00 AM Business Plan Presentations and Audience Critique

Presenters:

InfoSurge, Inc. dba Info-Surge - Eran Kabakov, CEO

Info-Surge is a self funded revenue stage company. Utilizing a proprietary web solution Info-Surge helps physicians prepare, educate, and support patients and their families before and after medical procedures. The company was founded by healthcare professionals to help bridge communication gaps they identified while practicing in the field.

Initial target is 20 market segments comprised of 400k practitioners who perform over 100M procedures a year. Potential revenue is $20M at year three. The company has been actively signing clients (~100) since 2008 in the bariatric and aesthetic surgery markets and surveys are showing the following results:
•Direct savings to clients of $25k/year with secondary saving of ~$50-100k/year
•Improved risk management
•High patient satisfaction (97% of >5000 patient satisfaction surveys)
•Enhanced response to clients’ marketing initiatives

Info-Surge is searching for $250k-$500k Angel seed investment to bridge operation cost until A Round VC investment can be secured. Investment money will be used to penetrate 2-3 new market segments (53k potential practitioners), ramp up sales and marketing initiatives, and update technology.

Visitwww.info-surge.com?source=wnyvanotice for more information.

OnCell Systems Inc. - Thomas Dunne, CEO

OnCell Systems is a world leader in providing on site, on demand multimedia content to mobile devices. We provide the infrastructure required to create interactive tours that primarily use cell phones to deliver content. OnCell’s rich platform includes audio, text, mp3, pod casts, and image/video downloads and streaming.

OnCell Audio® utilizes the latest open source technology as well as a VoIP network using DID (Direct Inward Dialing) numbers. This proprietary technology model produces an extremely low cost and scalable platform. With over 2.8 billion cell phones and more than 532,000 museums, zoos, aquariums, gardens, parks, colleges, historical sites and other points of interest in the world today there is a plethora of markets for OnCell Systems products.

The company began operations in January 2007, and currently has 250 billing clients, including: The United States Botanic Garden, The George Eastman House (Rochester, NY), Independence National Park, Grand Canyon National Park, Smithsonian and Detroit Institute of Art. OnCell provides an easy-to-use, eco-friendly, cost-effective service that allows our customers to eliminate the need for expensive equipment and gather valuable user statistics and feedback from their visitors. OnCell Systems, Inc. reached breakeven in May 2009.

Due to low cost of goods sold we expect that our gross profit margin will remain above 94%. OnCell Systems, Inc. expects to capture 5% of the market within 10 years. At the end of 2010 we hope to have 500 net cumulative sales and by 2012 we hope to increase that number to 5,000. OnCell seeks to raise $600K during Q2 2010.

Visit www.OnCellSystems.com for more information.

Western New York Venture Association
726 Exchange St., Suite 620 | Buffalo, NY 14210
Phone: 716-636-3626 Fax: 716-845-6418
E-mail: info@wnyventure.com