PORTFOLIO COMPANY GAINING TRACTION

Privatizer Systems is one of the NCIC portfolio companies that continues to gain momentum, even in today’s volatile economy.  Privatizer has developed significant core technologies that are utilized in a number of products the company is commercializing in the paper handling industry.

Several of Privatizer’s products were recently highlighted at the Print Solutions Conference and Expo held in the Chicago suburb of Rosemont, Illinois.  The Document Management Industries Association (DMIA), the national trade association representing distributors and manufacturers of business forms, labels and tags, commercial printing, promotional products, and direct mail packages, presents this annual conference and trade show.

Privatizer’s product line was well received at the conference and trade show as they were highlighted by the company’s strategic partners and distributors during the three-day event.  During the event, Privatizer introduced their newest paper feeder product.  Customers now can go offline or inline with a HP LaserJet 4050 or 4100 Series printer then print, fold and seal – all in one easy step.

This new version of Privatizer’s Print to Mail System includes features that automate office mailings for grade reports, student’s schedules, checks and W-2’s. The accessory can also be used as a folder for promotional materials or other office correspondence requiring a standard or windowed envelope.

Privatizer Systems, headquartered in Dayton, manufactures and sells pressure seal mailers and accessories.  These devises eliminate the need to manually fold, stuff, and seal office mailings.  .

Cohesia wins Emerging Technology Award

Governor Bob Taft named Cohesia Corporation, one of NCIC CapitalFund’s portfolio companies, an Emerging Technology Award winner in a ceremony at Severance Hall in Cleveland on September 30, 2002.

The Emerging Technology Awards recognize Ohio firms that are making valuable progress advancing existing technologies, as well as companies that are on the cutting edge in pursuing new and emerging technological developments.

Cohesia delivers financial benefits to its customers by developing and implementing intelligent product specification solutions for Characteristic Lifecycle Management. NCIC CapitalFund was the first venture capital firm to invest in Cohesia, providing $1million in three rounds of financing beginning in 1996.

NCIC IS ACTIVE IN DAYTON INVESTMENT NETWORK

NCIC CapitalFund has become an active partner in the Dayton Investment Network (DIN).  The creation of the Dayton Development Coalition, the DIN offers a platform for the sharing of deal flow throughout the greater Dayton area.  Also participating in the network are Alpha Capital Partners, Blue Chip Venture Fund, River Cities Capital Fund, the area Angel Network, and the newly founded Entrepreneurs Fund.

Participants meet monthly to discuss interesting investment opportunities that have been presented to them.  Those opportunities that generate broad appeal among the group are invited to attend a meeting and make a presentation.  If interest continues to build, one of the DIN participants takes the lead and champions the investment attempting to solidify the interest of others, craft a term sheet, conduct the due diligence, and ultimately close on the funding.

Interest among the group has been high and the meetings have been well attended.  Deal flow remains strong while interest has peaked in a number of opportunities.  Several term sheets have been issued and the DIN hopes to close on several transactions before the end of the year.

NCIC Supports Entrepreneurial Opportunities

Great Midwest Venture Capital Conference –
The Great Midwest Venture Capital Conference was held October 31 and November 1 at the Ritz-Carlton Hotel in Dearborn, Michigan.  The Indiana Business Modernization and Technology Corporation presented this two-day conference.  The Michigan Economic Development Corporation was this year’s host.  NCIC once again contributed to the conference and helped in the screening process. 

NCIC Out in the Community

Hammond Participates in Ohio SBIR Conference –
NCIC’s Brian Hammond moderated a panel discussion entitled “Funding Technology Beyond Government Grants” at the recent state-sponsored Ohio Small Business Technology Conference in Columbus.  Also serving as panelists were Tim Biro of the Ohio Innovation Fund, Steve Clark of the First Fifty Fund, John Habbert of the Queen City Angels, and Jonathan York of the Battelle Technology Fund.

Bowman Chairs Leadership Dayton’s Economic Development Day -

Bob Bowman, Vice President of NCIC CapitalFund, was the Session Chairperson for Leadership Dayton’s Economic Development Day held at Reynolds and Reynolds on
October 9, 2002. 

Bowman, a member of the Board of Governors for the Leadership Dayton Program (the premier leadership development program of the Dayton Area Chamber of Commerce), coordinated all activities of the day which is devoted to educating the 40 individuals from the community who are selected to participate in this ten-month program on the numerous economic development initiatives that are occurring in the community. 

Other presenters for the day included the Dayton Area Chamber of Commerce, Dayton Development Coalition, The Downtown Dayton Partnership, The Entrepreneur Center, Relizon, Montgomery County, City of Dayton, Bank One, Maria Joseph Center, and a host of state representatives.

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