Printer Friendly

"GREEN" INVESTMENTS NO LONGER RISKY BUSINESS: CONSERVATIVE INVESTORS FIND ENVIRONMENTAL PRODUCTS RIPE FOR PROFIT

 ORLANDO, Fla., March 22 /PRNewswire/ -- Ten years after learning of NASA's experiments with ion-purified water for the Apollo space mission, Fountainhead Technologies returns next week to Orlando, within miles of NASA's launch pads, highlighting for investors its environmentally friendly Apollo-based water purifier which is revolutionizing recreational swimming.
 At its closed annual meeting for its limited partners at the Hyatt Regency Orlando International Airport from March 24-25, 1993, Madison Group L.P., a limited partnership managing a diversified investment portfolio consisting of privately-held middle market companies (with revenues from $10 million to 300 million), will review the success of its portfolio of entrepreneurial growth firms, which include Fountainhead Technologies and Orlando-based Gale Group.
 These and other entrepreneurial firms operate in a market driven by the public demand for ecological benefits in services and products. The partnership has attracted such traditional investors as the United Technologies Pension Fund, the State of Wisconsin Investment Board and the Massachusetts PRIM board. These investors provide the capital for many private, growth firms, which are slated to deliver significant returns on investment.
 Madison Group, L.P. has invested funds in a portfolio of eight entrepreneurial firms like Gale Group and Fountainhead Technologies with environmentally sound growth strategies in lucrative market niches. Both Frank Lubrano, president of Fountainhead Technologies, and Gary Gale, CEO of Gale Group, are experienced entrepreneurs instrumental to the successful commercialization of their companies' products.
 Gale Group, a firm with $90 million a year in sales, manufactures and markets a variety of environmentally-friendly products, including water-conserving lawn sprinklers by Gardena, and attractive, knitted shade structures by Enviroshade, which eliminate up to 85 percent of harmful UV rays. Bin-style merchandising, eliminating the use of plastic "blister" packaging, goes even further to satisfy consumer demand for products which reduce unnecessary waste.
 Fountainhead Technologies' Vision(tm) Purifier utilizes a recyclable, mineral-filled cartridge to purify swimming pool and spa water without the use of chlorine, eliminating swimmers' irritated eyes, brittle hair, itchy skin, and the unpleasant odor of chlorine chemicals.
 "We have a sound history of nurturing firms which utilize technology to develop niche commercial products aligned with market demand," said Robert B. Milligan, Jr., managing principal of Davenport Group MG, L.P., Madison Group L.P.'s general partner. "We can provide capital and business expertise to support sound, experienced management when research and development is complete, and when it is most needed to promote the resulting innovation in the market."
 For more information on the portfolio companies or their environmental technologies, please contact John Mullen at 203-226-7800.
 -0- 3/22/93
 /CONTACT: Rachelle Reifer or Deena Barghothi, 617-723-8787, both of KCS& A, for Fountainhead Technologies/


CO: Fountainhead Technologies ST: Massachusetts IN: SU:

TM -- NE010 -- 8240 03/22/93 12:14 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 22, 1993
Words:455
Previous Article:RIMAGE CORPORATION INSTALLS EQUIPMENT AT MICROSOFT
Next Article:TRIBUNE MEDIA REVENUES UP 8 PERCENT IN FEBRUARY
Topics:


Related Articles
INVESTORS IN AIRCRAFT LIMITED PARTNERSHIPS FILE MULTIMILLION-DOLLAR SUIT AGAINST KIDDER, PEABODY
Taiwanese says investment in northeast China riskiest.
Green's stocks slide into red.
Unit Trust With New Approach to 'Green Investing' Marks First Birthday By Beating S&P 500.
Environmental Value Strategy Outpaces S&P 500 During 2001; Light Green Advisors' Eco*Index Adds Value in a Bear Market.
The answer is blowing in the wind; PERSONAL FINANCE.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters