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Digital Hatchery to Provide Full Service Solutions for Entrepreneurs, Incubators, and Investors.

Business Editors

MONTCLAIR, N.J.--(BUSINESS WIRE)--March 1, 2000

Firm to Provide Hands-on Approach for Budding Businesses

Digital Hatchery, a venture services firm founded to develop world class businesses, today announced its official launch. Digital Hatchery provides a portfolio of strategic services including business plan development, marketing strategy and planning, general business consultation and seed-stage funding.

Digital Hatchery's goal is to provide entrepreneurs with the strategic thinking and support needed to build their ideas into long-term, profitable businesses. The company then helps to commercialize its clients' businesses by providing access to seed capital. The company works with high-potential entrepreneurs in the technology, healthcare and entertainment industries, as well as professional investors and incubators seeking to fund or build emerging businesses in these fields. Digital Hatchery is building its own seed fund, the Digital Hatchery Nest Egg, of $5 million.
- For the entrepreneur, Digital Hatchery streamlines the business development
process by developing, reviewing and refining business plans; provide
marketing, operational, public relations and technology planning, as well as
conducting industry research.

- For the incubator, Digital Hatchery provides venture services (as for
entrepreneurs) to incubator tenants.

- For the investor, Digital Hatchery provides business plan screening, industry
research, due diligence and acts as an entrepreneurial "prep school" for those
entrepreneurs that need further development before commercialization. The
company also provides pre-qualified, investor-ready dealflow.


Digital Hatchery's management team and advisory board have decades of experience building a variety of traditional and dot com businesses from the ground up. Tami Gaines, Chairperson and Chief Executive Officer, has over 10 years of business planning and management, marketing and advertising experience. Ms. Gaines has also held a variety of executive positions with companies like Colgate Palmolive. Most recently, Ms. Gaines was President of G2 Consulting, where her firm provided marketing and strategy consulting services to companies ranging in size from Fortune 500 to start-ups.

Hank Margolis, President and Managing Partner, has over 13 years of business planning, operational and client-centric consulting experience in companies like GE capital, Arthur Andersen Business Consulting and Bankers Trust. He most recently provided business improvements expertise to senior management of Fortune 100 companies through his Margolis Consulting practice. Bill Santos, Chief Technology Officer, has over 10 years experience in strategic IT design and architecture, client/server technologies and Internet technologies. He led the development of IBM's first Web-enabled operational processes.

The six members of the Digital Hatchery's Advisory Board bring a broad range of experience in the management, fundraising, technology and media industries. This combined group has had great success in Fortune 100 settings as well as in launching new businesses. Its founding members have served as CEO's or Principals in a cross-section of fields, all of which will provide valuable expertise to Digital Hatchery's clients.

"Digital Hatchery introduces an innovative hybrid, that marries the strategic assets of a traditional consulting firm with the collaborative, hands-on support from incubators, ultimately giving control back to the entrepreneur," said Tami Gaines, Chairperson and CEO of Digital Hatchery. Gaines adds, "By focusing on three of the most important factions in the technology arena - entrepreneurs, investors and incubators, we provide a unique service that delivers the support our clients need."

Digital Hatchery currently has a range of dot com companies that include business to business, satellite communications and International start-ups in its "nest" - guiding each through the startup process.

About Digital Hatchery

Digital Hatchery is a venture services firm dedicated to facilitating the development of world-class businesses. Digital Hatchery provides a portfolio of services to entrepreneurs, incubators and investors, including business plan development, marketing strategy and planning, general business consultation and seed funding. Strategic relationships include top-tier accounting and legal firms, incubators, angel investor networks and executive recruiters. The company serves clients nationwide, though its largest client base comes from the greater New York Metropolitan area. The company will open a New York City office in Spring 2000 and maintains headquarters in Essex County, New Jersey.

For additional information on Digital Hatchery and please visit www.DigitalHatchery.com or call 973-783-8982.
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Publication:Business Wire
Date:Mar 1, 2000
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