Ameranth Wireless is the Investment of Choice for Venture Capitalists; Ameranth Receives Venture Capital Investment From Springboard Capital.Business Editors/Hi-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 10, 2000 Springboard Capital has announced today its investment in Ameranth(R) Technology Systems, Inc., a San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. company dedicated to bringing wireless technology into the workplace. "We strongly believe that Ameranth has the management team, market position and vision to become the market leader in the wireless software arena," said Randy Stratford, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Springboard Capital. "The market for business applications for wireless computers is set to explode, and we will work with Ameranth to create the strategy for capitalizing on this emerging market." The Springboard investment follows an undisclosed investment made in Ameranth by Microsoft Corp. earlier this year. Ameranth is bringing "wireless to work" through the development of software for wireless LANs, connecting legacy computing systems to Ameranth-designed handheld software interfaces running on the Microsoft PocketPC platform. Ameranth's first shrink-wrapped software Refers to store-bought software, implying a standard platform that is widely supported. product, the 21st Century Restaurant(R), allows food servers to access the restaurant's point-of-sale system from a mobile wireless computer. This enables wireless ordering and payment processing right at the table, which saves the restaurant time and money. "The Springboard investment will help us to secure our position as a market leader in wireless technology and bring our products to market more quickly," stated Ameranth CEO, Dr. W.J. Kitchen. "We look to Springboard as a resource for management expertise and intend to give their investors an exceptional return on investment." The investment by Springboard Capital, a Laguna Beach, California
Laguna Beach is a seaside resort and artistic community located in southern Orange County, California, approximately 24 miles (39 km) southeast of downtown Santa Ana. venture capital firm, comes just after Ameranth received the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. Moby Award(TM), which honors "the best and finest implementations of mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings and wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. ". Ameranth is gearing up for the product launch of the next generation of its 21st Century Restaurant system for wireless ordering and payment processing. A preview of the new software will be shown at the FS/TEC trade show in Long Beach, California Long Beach is a city located in southern Los Angeles County, California, USA, on the Pacific coast. It borders Orange County on its southeast edge. It is about 20 miles (30 km) south of downtown Los Angeles. , November 6-8. About Springboard Springboard Capital (www.springboardipo.com) is a venture capital and investment management company, which helps match investor resources with promising early-stage companies. A catalyst for global abundance and opportunity, Springboard Capital aims to democratize de·moc·ra·tize tr.v. de·moc·ra·tized, de·moc·ra·tiz·ing, de·moc·ra·tiz·es To make democratic. de·moc the venture capital process by providing its clients and investors access to early best-of-breed startup companies. Springboard's vision is to not only create, contribute, and make a difference for investors and entrepreneurs, but for the world at large. Springboard's services include strategic guidance, operational and marketing support, online visibility services, and financial services. About Ameranth AMERANTH Technology Systems, Inc., (www.ameranth.com) is a leading provider of wireless system software to the hospitality industry. The Company's software applications, which run on PocketPC wireless handheld computers, communicate with legacy back office systems over wireless LANs--moving the point of activity from fixed terminals to where it belongs--by the customer's side. Ameranth's 21st Century Restaurant system is set to become the industry standard for wireless ordering and payment processing in restaurants. For additional information you may e-mail info@ameranth.com 12230 El Camino Real El Camino Real (Spanish for The Royal Road or The King's Highway) was the name of a series of pre-automobile highways linking the various New World colonies of Spain:
San Diego, CA 92130-2090 Tel: 888/AMERANTH Fax: 858/794-8222 http://www.ameranth.com mail to: info@ameranth.com For additional information you may e-mail info@springboardipo.com 1060 North Coast Highway Laguna Beach, CA 92651 Tel: 888/237-2402 Fax: 949/376-4596 http://www.springboardipo.com mailto: info@springboardipo.com |
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