SOURCE: Long Island Capital Alliance
MELVILLE, NY--(Marketwired - Sep 25, 2013) - The Long Island Capital Alliance ("LICA"), the leading non-profit capital formation and business development organization serving regional companies, today announced the successful completion of its Consumer Products Capital Forum held on September 13, 2013. The capital forum showcased local consumer products business leaders and entrepreneurs who presented their companies to investors, including attendees from venture capital firms, investment banks, private equity firms, angel and other individual investors.
The panel of investors and consumer products industry experts discussed the market potential and investment merits of each presenting company and the investment climate for the consumer products industry.
"We are extremely pleased with the turnout for our Consumer Products Capital Forum, which provided a platform for some of the region's most exciting emerging growth lifestyle businesses spanning both products and solutions," said Neil Kaufman, Chairman of LICA. "With a panel of seasoned industry investors, we delivered what we believe to be the highest number of investor attendees at a LICA event in several years."
"For me it was a great experience," noted Carlos Ramirez, CEO of Powerful Yogurt, a presenter at the Capital Forum. "I received very wise feedback and got to know people from the financial world that are interested in potential opportunities."
Commenting on the LICA event, M. "Wazi" Wazihullah, Chief Executive Officer of presenting company LetsOrderNow.com, said, "There was a lot of intellectual capital in the room."
"There was an impressive array of consumer-related businesses at LICA's Capital Forum. From a prospective investor's perspective, you could see that these companies are leveraging trends in technology and consumer behavior, putting them in a position to generate revenue growth. There seemed to be a lot of interest from the audience, and I'm sure many will be taking a closer look at these companies," said venture capitalist and event panelist Paul Homer of Northwood Ventures.
Consumer Products Capital Forum Presenting Companies
The following presentations were given at the Capital Forum:
Sweet Amanda's: Sweet Amanda's has developed a cutting-edge automated retail candy kiosk and will launch a national retail operation and international sales program seeking to become a leader in the emerging and fast growing automated retail industry.
The Powerful Yogurt: The Powerful Yogurt is the first high-protein Greek yogurt specifically designed for active men, offering health benefits beyond basic nutrition.
Cupcake Digital: Cupcake Digital is an emerging growth entertainment applications company that transforms children's entertainment properties into deluxe story experiences and games infused with teaching moments.
MedCAS LLC: MedCAS LLC provides to consumers a 3D facial recognition technology that produces a reliable, fast and inexpensive diagnosis of autism and other genetic disorders affecting children.
IR Protective Devices: Life-Guard.Me, developed by IR Protective Devices, provides personal GPS tracking for people, pets, and property by providing a comprehensive GPS and cellular monitoring service in micro size.
Pillar Rock USA: Pillar Rock USA's JetRYTE effervescent (dissolvable) tablet minimizes common effects of jet lag by replenishing some of the melatonin and vital nutrients lost during flight due to dehydration.
LetsOrderNow.com: LetsOrderNow.com is a free office meal ordering website providing customers with convenience and rewards towards charity/free meals -- financed through restaurants' increased revenues.
Consumer Products Capital Forum Panel of Industry Investors/Experts:
The following investment professionals participated in the panel discussion at the Capital Forum:
- Richard Baum, founding partner of Consumer Growth Partners, an investment and advisory firm specializing in retail and consumer companies.
- Paul Homer, a principal at Northwood Ventures, a Syosset-based venture capital and management buyout firm with a particular interest in the retail/consumer sector.
- Shamit Mehta, a leading technology investor at the private equity firm of Susquehanna Growth Equity.
- Peter Petrillo, Senior Managing Director at Wafra Partners, a strategic investor in middle-market companies.
About the Long Island Capital Alliance:
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature middle market closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.
For more information on LICA and its next event, please contact LICA today or register online.