NGRAIN Honored as 2004 Venture All Star Company
Award recognizes top emerging private companies in the Northwest for current growth achievements and future potential
VANCOUVER, BC — June 7, 2004 —NGRAIN Corporation announced today that it has been named as a 2004 Venture All Star company by the Investment Forum, a Washington-based non-profit organization that recognizes the achievements and growth potential of private companies in the Pacific Northwest including Oregon, Washington and British Columbia.
Paul Lindahl, president & CEO of NGRAIN was honored along with 38 other CEOs from the United States and Canada, at a ceremony held on June 4, 2004 at the Chateau Ste. Michelle, in Seattle.
The selected companies have demonstrated their ability to follow in the footsteps of the region's most successful growth businesses such as Microsoft, Starbucks, Costco, Amazon.com and Immunex. The winners were evaluated based on their growth achievements to date, market potential, management strength and financial backing.
"I am extremely pleased to accept this prestigious award on behalf of the NGRAIN team, and appreciate this testament to the positive impact our products have provided to our customers' businesses," said Lindahl.
The 2004 Venture All Star companies were selected from more than 125 nominations by a 40-member selection committee comprised of representatives from the region's top venture capital funds such as Voyager Capital, OVP Venture Partners, Madrona Venture Group, Ignition Partners, Northwest Venture Associates, Ventures West, Yaletown Ventures and Greenstone Ventures.
"NGRAIN has proven its ability to be a leader in interactive 3D technology and is well positioned to benefit in its market," said Nathan McDonald, Managing Director of the 2004 Venture All Stars and Investment Forum. "We're honored to produce the fourth annual Venture All Stars event to honor and promote companies that have outstanding growth potential, such as NGRAIN."
For a complete list of the 2004 Ventures All Star companies, go to www.ventureallstars.com.
About NGRAIN
Founded in July 2000 and based in Vancouver, BC, NGRAIN is a privately-held company that designs, develops and markets interactive, 3D visualization and simulation software tools. The company's solutions enable organizations in the aerospace, defense, automotive, and manufacturing sectors to more effectively communicate complex product or equipment information, on common computers. NGRAIN's product portfolio also enables interactive 3D visualizations and real-time simulations for geographic information systems (GIS) and medical applications.
In addition to its headquarters, NGRAIN's sales and support infrastructure includes field offices in Ontario, Quebec, Texas and Virginia. More information can be obtained at www.ngrain.com.
About the Venture All Stars
The 2004 Venture All Stars is a salute to the region's entrepreneurs and their success. The selected Venture All Star companies are those that the local venture investing community believe have demonstrated the ability to follow in the footsteps of the region's most successful growth businesses, such as Microsoft, Starbucks, Costco, Amazon.com and Immunex, to name a few of the local companies that relied on private venture funds to grow. Selection as a Venture All Star company acknowledges each of their efforts to date, gives them visibility in the community, and encourages their future success. www.ventureallstars.com
About the Investment Forum
The mission of the Investment Forum is to promote promising new companies by creating, operating and producing creative ways to educate and bring entrepreneurs, investors, and the business community together for the benefit of all. Bryce James, Tim Reha, and Nathan McDonald formed the Investment Forum as a Washington State Non-Profit Corporation in 2000. The Investment Forum produces and co-promotes events, forums, speakers and special projects on a monthly basis. The Investment Forum features a popular monthly Investment News and Event Email Newsletter for Angel Investors and Entrepreneurs. The organization is operated out of Seattle, Washington. www.investmentforum.org
For further information, contact:
Rebecca Chamberlain, Environics Communications for NGRAIN
203-325-8772, rchamberlain@environics-usa.com
Lawrence Cummer, Environics Communications for NGRAIN
416-969-2747, lcummer@environicspr.com
Venture All Stars & Investment Forum Inquiries
Christopher Baker, Text 100 Public Relations
206-267-2006, christopherb@text100.com