Initium Capital to Spin Out New AZ Tech Services Firm-Mountain Computer Technologies

Initium Capital announced today that it has formed a new IT services firm-Mountain Computer Technologies, to be based near Prescott, Arizona. The new firm will provide general IT services to the Arizona community as well as specialized KM and enterprise software services previously available only to internal clients.

(PRWEB) May 1, 2004 --Mark Montgomery, Founder and Managing Director commented: A decade of investment in applied R & D provides a substantial opportunity for external clients to tap our expertise, particularly within the specialized field of advanced knowledge systems. These services have never been offered externally until now."

The Initium Capital incubator (GWIN) was an early pioneer in e-commerce, launching Virtual Franchise in 1995, which became a leading network for small business during the mid-1990s. In 1997 the firm conducted the original shop the web" portal and campaign, and in 1998 through 2000 operated GWIN Pro, an online learning network for senior executives and thought leaders in global organizations, serving thousands of leaders daily from 90 countries. Since 2000, the firm has significantly deepened its specialty in enterprise software and advanced knowledge systems culminating in the development of KYield, which is currently emerging from the lab in syndication with other venture firms and major corporate partners.

Mountain Computer Technologies is the appropriate vehicle to improve the IT infrastructure in the Arizona community as well as provide synergy in support of our KYield investment", concluded Mr. Montgomery.

Mark Montgomery will serve as interim CEO of Mountain Computer Technologies until the new firm is sustainable and a full management team is in place.