First Tuesday Purchase by Network Representatives Finalized Today.Business Editors WASHINGTON--(BUSINESS WIRE)--April 3, 2001 The First Tuesday First Tuesday is a networking forum for technology entrepreneurs, companies seeking venture capital, investors and related service providers. Founded in 1998, First Tuesday now has 38,000 members and the 10 branches across Europe host meetings on the first Tuesday every month. Network Representatives are pleased to announce that they have finalized See finalization. the purchase of First Tuesday Ltd., from Yazam Inc. Founded in 1998, First Tuesday is a monthly global networking event that brings together business leaders in over 120 cities in 46 countries. The First Tuesday Network Representatives are confident that Network ownership will provide First Tuesday with further means and incentives to create value for its worldwide membership, estimated at 200,000. Kirk Ruthenberg, First Tuesday Washington City Leader, said, "I am very pleased that this agreement has been finalized. Even though First Tuesday Washington has been operating very independently of the central organization since our launch last year, this arrangement will provide more valuable resources and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the First Tuesday Organization as a whole." Ruthenberg also cited tonight's signature event at the Hyatt at Reston Town Center The Reston Town Center (RTC) is a group of offices, stores, and restaurants in Reston, Virginia. Layout The Reston Town Center is designed with open avenues and with wide sidewalks. It is built around Freedom Square, a medium-sized open area between the surrounding shops. as evidence that First Tuesday Washington "continues to be in demand as a resource to the Greater Washington Technology Business Community". Tonight's event is being presented by Accenture and the presentation will feature a panel presentation titled "Corporate Venturing -- A New Corporate Entrepreneurialism?" Financing for the purchase of First Tuesday was provided by angel investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. within the First Tuesday network, lead by Christian Kope, partner of May Group Inc, a management and private equity consultancy. The Network Representatives were elected in August 2000 to represent the interests of the city leader's network in negotiating an equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity) EQUITABLE. licensing agreement with Yazam Inc. During a 100-day transition period, the NetReps will restructure the Central office, explore new business opportunities, initiate key global partnerships, and organize a new election for First Tuesday's governing body Noun 1. governing body - the persons (or committees or departments etc.) who make up a body for the purpose of administering something; "he claims that the present administration is corrupt"; "the governance of an association is responsible to its members"; "he . Please direct all press inquiries regarding the agreement to Steven Carlson, First Tuesday Budapest City Leader, +36.20.352.4032. All inquiries regarding First Tuesday Washington should be directed to City Leader Kirk Ruthenberg, at 202/408-6410. |
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