BrainWorks Ventures Inc. to Provide Venture Development Services to Alabama Incubator.Business Editors ATLANTA--(BUSINESS WIRE)--March 19, 2002 BrainWorks Ventures Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: BRAV) has won a contract to provide venture development services to Huntsville, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .-based BizTech. By partnering with BrainWorks Ventures, BizTech's incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the clients will benefit from the Venture Development Program. Delivered to start-up entities, this proprietary methodology program will accelerate their ability to develop robust business models and raise capital. It supports the evolution of BizTech's own business model including the goals of self-sustainabilty, superior services and additional revenue generation opportunities. Due to personal reasons, Kirk Reiss has resigned his position as a Director from the Board. "We wish Kirk and his family the very best. His input has been valuable to our company," BrainWorks Ventures Chairman Donald Ratajczak Donald Ratajczak, PhD is an economist known initially as a professor at Georgia State University. Throughout the 1980s to present day he has been quoted on radio, the New York Times and the Wall Street Journal. References
President and Director, John Cayce is leaving the company to pursue other interests. "We extend to John the best of luck in his new pursuits," Ratajczak said. Marc J. Schwartz, currently CFO See Chief Financial Officer. and a founding member of the corporation, will assume the additional responsibilities of the president's office. Pat Porto, Executive Manager since March 2001, will become the company's new Corporate Secretary. In further addressing the current events at BrainWorks, Dr. Ratajczak said, "In an effort to create the highest shareholder value in the current difficult venture capital environment, we are exploring new strategic opportunities." About BrainWorks Ventures: Dr. Donald Ratajczak, noted economist and current contributor to national press opinion seekers on economic trends, founded BrainWorks Ventures, Inc., (OTC BB: BRAV) in 2000 after retiring as director of the Economic Forecasting economic forecasting Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Center at Georgia State University History Georgia State University was founded in 1913 as the Georgia School of Technology's "School of Commerce." The school focused on what was called "the new science of business. . BrainWorks Ventures, Inc. is a venture development company that focuses on high-growth business opportunities developed from corporations and universities. |
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