Venture technologies LLC Adds East Coast Presence

Venture technologies LLC, a venture capital scouting firm for private companies has opened an office in Rhode Island to work with VC's along the Eastern corridor of the U.S.

Press Release

For immediate release, February 6, 2003

Editorial
Contact: Bill Walters
612- 377-9748
612-377-8150 fx
bill@venture-technologies-llc.com
www.venture-technologies-llc.com

VENTURE TECHNOLOGIES ADDS EAST COAST PRESENCE

Minneapolis, February 6, 2003 -- Venture Technologies, LLC, today announced the addition of a new partner to the firm, Wayne Jenkins. Based in Rhode Island, Mr. Jenkins will provide the firm with an East Coast presence and increase the capabilities of the firm through a broad range of experiences, skills and contacts.

Mr. Jenkins is a financial communications consultant with a wide-ranging background in both the technical and financial arenas. He earned a Bachelors degree in Civil Engineering from Auburn University and a Masters degree in Environmental Engineering from Clemson University. After a 12-year engineering career, Mr. Jenkins transitioned to the field of financial communications. Through his consulting firm, IR Specialists, Inc., he helps small companies build market awareness, improve liquidity and increase shareholder value through improved communications.

"In todays economy, most sources of venture capital have virtually disappeared," Mr. Jenkins said. "Venture Technologies serves a critical need by providing growing companies with the guidance and direction needed to secure capital. This allows entrepreneurs to focus on building their business. I am proud to join the VT team and see it as complimentary to the other services I can provide."

We see the addition of Mr. Jenkins as an important step in increasing the reach and effectiveness of the firm. There are a large number of venture capital firms in the Boston to New York corridor and having a partner located in that area will allow us to expand our network of funding sources," said Bill Walters, general partner.

About Venture Technologies, LLC

Based in Minneapolis, Venture Technologies is a venture capital scouting firm. VTs partners have over 100 years of collective experience in starting, building and managing technology and manufacturing enterprises from startup to publicly held companies. The companys network of industry luminaries, executives, senior managers and executive recruiters, allows it to provide related advisory services to create the highest stakeholder value by being involved from strategic development through transaction execution.