Jeff Hultman Joins Funk Ventures Advisory Board

Former CEO of AirTouch Cellular (now Verizon Wireless) joins the advisory board of private equity and venture capital firm Funk Ventures

Canoga Park, CA (PRWEB) June 26, 2004 -- Private equity and venture capital firm Funk Ventures announced today that Jeffrey Hultman, former CEO of AirTouch Cellular (now Verizon Wireless), has joined its advisory board.

The firms advisory board was established earlier this year to help Funk Ventures hone the strategies of its various business units based on the expertise of a group that comprises knowledgeable and successful executives in industries most influential to its business.

We are tremendously excited to have Mr. Hultman join our advisory board," said Funk Ventures CEO and Chairman Andy J. Funk. His background in the wireless and telecommunication markets is unparalleled and his participation as an active advisor to Funk Ventures provides the company with an invaluable resource".

As Chief Executive Officer, Mr. Hultman grew AirTouch Cellular to over $1 billion in revenues. He partnered with Qualcomm to create CDMA technology as an industry standard and led the determining effort in winning the West German D2 license to compete against the Bundespost as the nations second cellular service provider. At Dial Page, Mr. Hultman raised over $50 million in private equity, executed 14 acquisitions, and let a successful IPO. He also worked with Motorola to develop IDEN technology, sold off Dial Pages paging operations for $187 million to MobileMedia Communications and completed a stock merger with Nextel Communications valued at $850 million.

About Funk Ventures

Funk Ventures is a multi-faceted private equity firm headquartered in Los Angeles, California. The firms business segments span from venture capital and investment banking to real estate and business services. The firms venture capital arm, which makes value-add investments in promising companies in the technology, wellness and education markets, is complemented by an investment banking unit which provides access to outside capital to private and emerging companies. Funk Ventures also develops and invests in real estate and runs a business services unit that provides professional and advisory services to its clientele and portfolio companies.

For more information, visit www.funkventures.com or call (818) 716-0413. Funk Ventures is a registered trademark of Funk Ventures, Inc.