$25,000 BUSINESS PLAN COMPETITION WINNER ANNOUNCED!

Â?NaviTag TechnologiesÂ? is the first place winner of Palo Alto Software's $25,000 business plan competition. NaviTag will be awarded $25,000 to help cover the companyÂ?s start-up and operational costs.

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(PRWEB) July 14, 2002

(July 12, 2002 - Eugene, Ore.) Palo Alto Software, publisher of Business Plan Pro®, the best selling and top rated business-planning software, today announced “NaviTag Technologies” as the first place winner of its $25,000 business plan competition. NaviTag will be awarded $25,000 to help cover the company’s start-up and operational costs.

NaviTag Technologies, LLC is headquartered in Massachusetts and focuses on providing visibility and security solutions to corporate and government agencies enabling them to monitor their cargo shipments worldwide. Through the use of reusable tracking devices, NaviTag Technologies is able to offer a cost effective means of acquiring near real-time security and positional information via an Internet database.

"NaviTag stood out as a good, solid, well-written plan with a well thought-out and intriguing concept," said competition judge, Steve Windhaus of Windhaus & Associates.

The deadline for Palo Alto Software's second annual Business Plan Competition was May 31st, 2002 and the company received over 100 entries. Judges from the University of Oregon, Windhaus Associates, and Palo Alto Software sifted through the plans to determine who would walk away with the grand prize.

“I was thrilled to hear that we had won,” stated Bob Magown, president of NaviTag Technologies. “We were pleased that the judges were able to appreciate the concept of our technology and that we were able to communicate it in a solid, well written business plan. We found Business Plan Pro® to be extremely helpful in developing and delivering our business plan in a professional manner and in the format we needed. Being chosen as the winner is very gratifying and justifies all the effort that went into writing the business plan.”

“It’s tough for businesses to find funding in the current economic climate,” said Tim Berry, president of Palo Alto Software. “We are happy to be able to provide some help to some very deserving entrepreneurs.”

In addition, Palo Alto Software awarded $1,000 each to 10 runner-up plans. More information abou the winning plan and the 10 runners-up is posted at http://www.paloalto.com/competition.

About Palo Alto Software, Inc.

Palo Alto Software, the Planning People™, has been at the forefront of business planning since the first release of Business Plan Pro® in 1995. The software has won numerous awards including the Win100 award for 2000 from WinMag.com and Home Office Computing's "HOC 100" and "Silver Award."

Business Plan Pro® can be downloaded from the Palo Alto Software website at http://www.paloalto.com.

Palo Alto Software develops, publishes and markets software products for use with personal computers. Its products offer task-oriented and "know how" solutions to middle managers and entrepreneurs who run departments in large firms and small and medium sized small businesses.

Palo Alto Software is a privately owned corporation based in Eugene, Oregon. More information about Palo Alto Software's products is available on the company website, http://www.paloalto.com and excellent business planning resources at their award winning site http://www.bplans.com.


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