100 Venture Capital Funds & Angel Investors decide upon the Top 50 Emerging Companies

FundingPost (www.FundingPost.com) proudly announced today the winning companies from its second annual Pitching Across America™ competition. FundingPost, which has been introducing entrepreneurs to investors for almost 5 years, established the competition in which 100 Venture Capital Funds and Angel Investors participated as judges, voting on 300 business summaries from emerging companies nationwide. The largest Venture Capital competition ever organized, this year’s Pitching Across America was sponsored by Wolf Block and PRNewswire.

The emerging companies were evaluated on a scale of 1 to 10. Judging criteria consisted of several key points including: the professionalism of the written summary, current stage of development (customers, revenue), competitive advantage and need in the marketplace, feasibility for success, and whether the company is “VentureWorthy™.”

“We are delighted to have had another successful year of the Pitching Across America competition. Again the response and the level of interest from both the Venture and Angel community and the entrepreneurs who participated was outstanding,” said Joe Rubin, Director, FundingPost, “These entrepreneurs represent some of the most promising emerging companies in the U.S. this year.”

"It was another great year for Pitching Across America and a real testimony to FundingPost's value added service to the entrepreneur & venture capital community,” said Josh M. Eudowe, Managing Director, Santa Monica Partners Asset Management. “I reviewed some great companies and look forward to learning of the winners.”

National Winner: CSX Fiber Networks, Virginia

Upon closing of a management buyout, CSX Fiber Networks is a $10mm subsidiary of the Fortune 250 CSX Corporation.

CSX Fiber Networks, provides network and infrastructure services to the largest US carriers including AT&T, MCI, Sprint, Cingular, Nextel and Verizon and the US Government. The Company offers network infrastructure deployment, financing, optimization, integration, maintenance, and management throughout the continental US.

Leveraging its professional services, infrastructure deployment, financing, and staffing capabilities, the company offers solutions that significantly improve the price/performance of existing communications networks enabling clients to better serve their customers while improving operating economics. The design and delivery of these custom infrastructure solutions leverages proprietary tools and assets, including FiberSource, a knowledge and relationship base delivering access to over 350,000 route miles of telecom network infrastructure and over 530 metropolitan fiber networks nationwide.

Runner-Up: Controlled Semiconductor, Inc., Florida

ConSemi is manufacturer of LCD and Semiconductor Process Equipment. We hold several patents in the industry ranging from photomask through failure analysis. ConSemi launched our MRT (Mask Repair Tool) in 2004 and have sold several of these systems to the top LCD manufacturers in the world. We have only 1 competitor in this industry and currently we are 3-5 years ahead of them in technology. ConSemi has developed and patented systems and processes in the production and test of the latest leadframe process with our L2S2 product. We have also patented and will be soon launching our FATcat System (Failure Analysis Tool). This system has NO competitor and our only competition is a dangerous and uncontrollable process using fuming nitric acid. ConSemi also has several other products in R&D.

Runner-Up: Innovation Asset Group (IAG), Oregon

Innovation Asset Group, Inc. (IAG) is an Oregon c-corporation formed in May of 2002. It has created a next-generation software system called DECIPHER™ that enables companies, in real-time, to track and manage the most valuable of their assets - their intellectual property (“IP”) and other intangibles, related contracts, and how it all interrelates. Most companies in our target market have no clear visibility of these critical assets and the important information around them. As a result, they are: (1) Not effectively managing their most valuable asset base; (2) Exposed on the liability side more than necessary (3) Shipping (and paying for) products & services after contracts have expired; (4) Not collecting (or paying) royalties; (5) Using more administrative personnel than necessary; and (6) Paying more money and spending more time than necessary to roll up this information for compliance and internal reporting purposes. We go directly at this problem with an integrated solution. Having launched in late 2004 and already with eleven customers from coast to coast and internationally, all of whom are providing excellent feedback, IAG is positioned for a major land grab in a significant market where exit transaction values are extremely interesting.

State Winners:
CSX Fiber Networks, VA Papercutz, NY
Controlled Semiconductor, Inc., FL EnerGenetics International, Inc., IA
Innovation Asset Group (IAG), OR Aneurtonic, Inc., IL
Helissio Technologies Inc., FL bioSAA, Inc., ME
Nano Interface Technology, Inc., VA Wind Ventures Inc, WI
Elox Pharmaceuticals, Inc., MA Cytorex Biosciences Inc., FL
Cyclone Technologies LLP, FL PACT Mfg., LLC, TN
Healthwave, Inc., NY Azora LLC., TX
Parallel Computers Technology Inc., PA Rent A Toll, Inc. (R.A.T.), TX
Accentus, LLC, NH ConeTeq, LLC, MA
Nephrocelltech, LLC, UT Prospect Strategies HCW Inc., NV
BAN-COMEX, CO Futuristic Homes International, Inc., PA
Fourteen40 LLC, UT The U.S. Condo Exchange, LLC, NY
Gridlogix, MO Media Street, Inc., NY
LightSpace Technologies, Inc., CT LandCell Systems, Inc, CA
Bridgeway Systems, Inc., CA Dakov, NY
Psychology Online, Inc., CA NETRIPLEX LLC, MA
HRexcelerator, IL the ZorA toys company, LLC, MA
XtremePower Solutions, TX Obvient Strategies, Inc., GA
Senscient, TX BRAÑA, FL
Nouvonet Corporation, CA Avenger Engineering L.L.C., GA
Advanced Video Technology Corporation, CO Porter Industries, OH
DataMind, MA Jaysix USA Inc, VA
Broadband Learning Channel Inc., AZ Aviation Safety Resources, NJ
Visiplex, Inc., IL Step Up 4 Learning Systems, Inc., NC

Premiere Sponsor: Wolf Block
For more than 100 years, WolfBlock has helped entrepreneurial companies to flourish. Some of our largest clients today were once among our smallest clients. We have developed a proficiency in assisting companies from conception through the venture capital stage and into a public offering or exit sale. Our 300 lawyers have in-depth experience in a broad range of industries and practice areas. With seven offices in the Mid-Atlantic region covering the geographic corridor from New York City to Washington, D.C., our smaller clients benefit from an unusual combination: the sophisticated resources of a leading law firm coupled with a culture of servicing the unique needs of rising entrepreneurial companies. For more information, contact David Gitlin, Partner, Corporate/Securities Chair, Wolf Block at (215) 977-2284 or e-mail dgitlin@wolfblock.com.

Sponsor: PR Newswire
PR Newswire, the world's largest distributor of news releases, has over 40,000 members worldwide—many of which are small businesses, entrepreneurs and start-ups. Our members benefit because their news releases are accessible in the locations where the media goes to get raw material for their stories. For additional information, please contact 888-776-0942 or e-mail information@prnewswire.com.

About FundingPost
For over four years FundingPost has worked with thousands of Angel and Venture Capital Investors and Entrepreneurs. With over 2,500 CEOs and 400 Venture Funds attending events in 15 cities nationwide; a quarterly Dealflow magazine; and a deal-exchange website that has, on average, seen an introduction of an Investor to an Entrepreneur every business day since its inception; FundingPost believes that it is important to reach investors in every medium possible - both online and offline, and is experiencing strong growth as the venture capital markets continue to improve worldwide.

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Note to editors: For additional information regarding the Pitching Across America competition, its winners or the its judges, please contact Aren Cohen at FundingPost who will facilitate any one-on-one interviews with FundingPost, the winning companies or the Venture Capital / Angel investors.