Mitch Gervis, NeoSpire President and Co-founder, Talks 'Business-Sense' To
Prospective Investors
DALLAS, May 16 /PRNewswire/ -- A sluggish economy and turbulent market
have made attracting investment dollars a formidable challenge for technology-
based companies. Yet opportunity abounds for companies who have identified a
true business need, developed the technological expertise to meet this need
and crafted a business plan that clearly maps out market potential and never
loses site of increasing shareholder value.
That's the opinion of Mitch Gervis, president and co-founder of NeoSpire,
Inc., one of 21 companies selected from hundreds of applicants to present
their business models to an audience of private and corporate investors,
venture capitalists and other financial organizations at the 2001 Texas
Venture Capital Conference held in Austin on May 16 and 17.
"As Web sites become increasingly more complex, and increasingly more
vital to the success of a business, we're seeing a growing demand for an
outsourcing partner with the proven capability to manage all components of a
company's Web site, from the network foundation up to the web application
environment," said Gervis.
"It is an honor to have been invited to present at the Texas Venture
Capital Conference. There's some skepticism among investors today, especially
when it comes to putting their money in the technology sector," added Gervis.
"We feel good about the excitement NeoSpire has generated. Being selected to
present at this prestigious conference validates our business model and re-
affirms our commitment to achieve our aggressive growth goals."
"Emerging high-tech companies selected to participate in this conference
have a real competitive advantage, especially in this market," said Melissa
Hendrick, executive director of the AeA Texas Council. "It doesn't matter how
solid a business plan is, it takes investors to make it happen."
For its part, NeoSpire is confident that the company's competitive and
comprehensive offering of Internet infrastructure management services, and its
unique regional focus on mid- and high-end enterprises in the Southwest will
spell "path-to-profitability" to potential investors.
Other key factors to the company's success, according to Gervis, include
having a team of experienced employees dedicated to delivering customer value,
the company's growing roster of industry-leading technology partners and
expert guidance from the company's advisory board of seasoned business and
financial executives.
NeoSpire's current investors include Richard C. Blum, general partner,
Blum Capital Partners; Roy Bostock, chairman, Bcom3 Group, Inc.; Fredrick V.
Malek, general partner, Thayer Capital Partners; Alan D. Schwartz, executive
vice president, head of investment banking, Bear Stearns; Gil Maurer, former
COO, director, Hearst Corp.; Michael Ovitz, chairman and CEO, Lynx Technology
Group; Andrew Sriubas, director, Credit Suisse First Boston; and Gary L.
Wilson, chairman, Northwest Airlines.
About NeoSpire
NeoSpire specializes in bringing multi-platform server management, managed
application hosting, and wireless enablement to companies in the mid- to high-
end enterprise market. The company also provides managed services, dedicated
servers, enhanced data storage, high-end database support, e-commerce
solutions, and streaming multimedia services. NeoSpire's experienced network
administration staff and state-of-the-art data center allow enterprises to
outsource the deployment, configuration, management, and support of their Web
sites and Internet applications in a rapid, cost-effective manner. For more
information, visit the company's web site at http://www.neospire.net.
SOURCE NeoSpire, Inc.
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Related links:
http://www.thecapitalnetwork.com
http://www.neospire.net
CONTACT:
Rory Doherty of The Sun Agency, 214-373-1601,
or rdoherty@sunwestpr.com, for NeoSpire, Inc.
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