'Game on!' for NSW Entrepreneurs as Five Finalists Announced for NSW Pitch '08 Competition

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NSW Pitch '08 announced its five finalists on Friday, as the business pitching competition prepares to pique investor interest at Sydney's Powerhouse Museum on September 6, 2008 from 2pm to 5pm.

NSW has proven itself to be a hotbed of innovation, with the five finalists chosen from a large pool of promising small businesses. Each of the final five will now 'pitch' their businesses to a panel of experts and investors during the Sydney leg of the Australia-wide Pitch '08 competition.

Pitch '08 is a free, public event designed to connect innovative business ventures with development capital.

The five finalist pitchers are:

1. Evolution Tankers Pty Ltd, Daniel Rodgers -- Evolution Tankers has developed new manufacturing technology for the production of a lightweight carbon fiber tanker for bulk liquid transport, called the OMNI Tanker.

2. SMS Poll, Anil Sabharwal -- Used by educators, public speakers and event planners to gather in-the-moment data, SMS Poll is an innovative mobile voting and live audience polling application that rivals sophisticated Audience Response Systems at one-tenth of the price.

3. Soundsreal Talking, Steven Mitchell of Mantis Design Pty Ltd -- Soundsreal.com is a rapidly growing next-generation software company with established cashflows which empowers businesses to harness web 2 presentation technologies in ways never thought possible.

4. The Invisible Clothesline Pty Ltd, Wayne Leighton -- The Invisible Clothesline is a new and unique globally patented clothesline design, with many benefits and advantages over existing clothes drying products.

5. Vision Water Pty Ltd, Geoff Ball -- WaterCell is an engineered, high volume rainwater harvesting system and an integrated on-site detention facility providing potable quality water for residential, commercial and industrial developments.

"The competition is known for sourcing businesses which are innovative, have a mature business outlook and offer significant practical market potential. These finalists possess all of these qualities," says Dan Liszka, Managing Director of Alchemy Innovation Development, and one of the NSW Pitch '08 semi-finals judges.

The panel judging the pitches at the final event includes: Nicky Boustred, Investor Relations, Committed Capital; Michael Harrington, Business Development Manager, NSW Department of State and Regional Development; Mark Fenton-Jones, Enterprise Editor, Australian Financial Review, and; Brookes McTavish, Managing Director, Australian Small Scale Offerings Board. Corporate entertainer Andrew Klein will be acting as MC.

The winning business receives a listing on the Australian Small Scale Offerings Board, valued at $40,000 (based on an average $500,000 capital raising). The runner-up prize is valued at $11,000, and the third prize worth $10,000. A wildcard prize, awarded by the Enterprise Workshop is valued at $2,000.

The 10 short-listed businesses received extensive business mentoring through ASSOB and access to presentation, pitch training and audio-visual resources. All NSW Pitch '08 applicants received access to free consultations with the intellectual property firm Davies Collison Cave.

NSW Pitch '08 is co-hosted by the Australian Small Scale Offerings Board Limited (ASSOB) and the NSW Department of State of Regional Development (DSRD).

NSW Pitch '08 is a free, public event. To register to attend go to http://www.pitch08.com.au.

For further information or interview opportunities, contact:
Philippa Giles
NSW Pitch '08
P: 02 8920 2623
M: 0402 828 434
E: philippa.giles @ pitch08.com.au

Event hosting partners:

About the NSW Department of State and Regional Development:
The Department of State and Regional Development (DSRD) is the NSW Government's business development agency. DSRD works with business to strengthen the global competitiveness of NSW businesses, promote investment in the State, support job creation and build business capability. NSW Pitch '08 is a Small Business September '08 event,,an initiative of DSRD. Further information at http://www.smallbusinessmonth.nsw.gov.au

The Australian Small Scale Offerings Board Limited:
The Australian Small Scale Offerings Board provides an organised platform for investors to gain information about early-stage investment opportunities in some of Australia's most innovative and fast-growing unlisted companies. Using the ASSOB system, an unlisted company is able to raise up to $5 million each year by selling its securities through a simple and affordable process. ASSOB utilises the fund-raising provisions of the Corporations Act, 2001 and accords its exemptive relief under Class Order 02/273 of Section 708 to companies listed on the Board, allowing them to bring their investment opportunity to the attention of interested investors. See http://www.assob.com.au

Terms and Conditions:
For full competition terms and conditions please visit http://www.pitch08.com.au.

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